Sabadell Go Export
More products of: Documentary credits and guarantees
Guarantees and standby letters of credit
The guarantee constitutes a banking commitment to a third party on behalf of the customer to ensure fulfilment of a contractual obligation. It can provide certainty for a payment obligation, a goods delivery, a service provision, the execution of construction or engineering work, the reimbursement of an advance payment, a customs debt or any other obligation arising from a contract.
Export documentary credits
The documentary credit enables the seller to obtain certainty of payment before the shipment of the goods or even before they are manufactured. The buyer will be certain that his/her obligation to pay will only arise when the seller has provided sufficient documentation with proof of the shipment of the required goods. The credit is therefore a guarantee for both parties.