There are two main reasons that clients use our Documentary LC facilities; One client is regularly buying from his supplier. He is opening letters of credit, or making deposits, etc. This means that he is using his money (either depositing at the bank or with the supplier) before he has the goods. When he opens the LC through us, he doesn't need to use his money until the goods arrive. This can be 30, 60, 90, 120, 150 & 180 days after the LC was opened. The longer the manufacture and shipment period, the more advantageous it is for the client to use our letters of credit.
Instead of locking his money up with his supplier, he can use his money to hold stock, finance credit terms to regular buyers, market, etc. The other type of client is a middleman. He has a buyer, and he has a seller. His buyer wants to pay Cash against documents, or when the goods arrive, etc. The middleman needs to arrange for the goods to ship so that he can finish the deal.
The supplier wants a deposit or an LC before he will ship the goods. The buyer opens the letter of credit through our company. In this way he doesn't need to use his own capital to do the deal. He is less limited in the number of deals that he can do as middleman since he doesn't need to use his own capital to do the deal.
Whether you are an importer, trader, broker, introducer, or consultant, if you have business that you think might interest us, give us a call or write us an email. We would be very happy to speak with you about your transactions. If we aren't the right address, maybe we can point you in the right direction.
WHITE STONE INCORPORATION is official agent of Yield4Finance for Turkey, East Europe, Russia and CIS Countries (Azerbaijan, Armenia, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Uzbekistan and Ukraine).