Credit to Buyer
One of the advantages of working with SVEL.us is that we can arrange for credit to manufacturer's international buyers. Manufacturer will be paid on time.
1) Currently, this financing is available only when the manufacturer accepts payment through letter of credit. Read more about letter of credit. (ASHISH Please provide a line).
2) Credit is issued to the international buyer's bank by SVEL's advisory bank in the US, once the LC presentation papers are accepted by buyer's bank. (That means that buyer's bank is liable for the payment.)
3) Credit is separate from any performance guarantee that the buyer requires.