Suppliers Credit is a credit that is extended by the overseas supplier.Suppliers credit is a product that works only on Letters of Credit .It is basically discounting Import Letter of Credits overseas. We assist in arranging suppliers credit or discounting Imports Letter of credits at best price from major centres overseas.We would introduce a negotiating bank at the time of opening of LC and the negotiating bank will discount the LC for your supplier and extend usance/credit period to you.You will get the usance period/credit period similar to the period of buyers credit you used to get earlier and your supplier will get the payment on sight or usance as you decide.In the latter case we will ask you for some specific amendments and it will be done.
Limitations – Suppliers Credit works only on Letter of Credits.