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Letters of Credit

BICSA offers Letters of Credit for the importation of products and services. A Letter of Credit guarantees the supplier that a payment will be made when the beneficiary complies with the terms and conditions of the Letter of Credit.

COMMERCIAL LETTER OF CREDIT

Credit instrument issued by BICSA to guarantee payments that a buyer (applicant) promises to a supplier (beneficiary) upon fulfillment of specific conditions. Usually commercial letters of credit have been used in international trade transactions.

STAND-BY LETTERS OF CREDIT

A Stand-by Letter of Credit is an instrument used as a guarantee for payment of goods or performance under a specific contract between applicant and beneficiary. These instruments are not expected to be used unless the applicant fails to fulfill its promise to pay or perform on the conditions the contract covered by the letter of credit.

Benefits

  • We provide our customers with a service that fits their needs.
  • We offer personalized service and each customer has an Account Executive who will give the appropriate advice.
  • Terms ranging from 30 days to 1 year, based on the characteristics of each contract between applicant and supplier.

For more information:
BICSA Miami Agency - Business Department

Tel. 305.455.3100
E-Mail: Contact here

 
 

 

 
 
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