Documentary Credits

For safer international transactions, on behalf and order of the Customer, Moza undertakes the commitment to pay the beneficiary immediately or on a set future date, based on the documental proof approved between the parties

With the Documentary Credit, the payments risks are reduced, guaranteeing the safety of foreign trade transactions and enabling and consolidating new commercial relationships. It is not just a Credit but an irrevocable engagement on the part of the issuing Bank, evidenced by a SWIFT message and proven by documents that certify the commercial transaction and that constitute the Credit counterpart for the financial institutions.

Advantages for the Exporter:

• Allows obtaining a guarantee of payment;
• Allows obtaining or granting Funding;
• Moza ensures the issuing Bank obligation (confirmation);
• Banking process in accordance to the Uniform Customs and Practice (U.C.P) of the International Chamber of Commerce ;
• Potentiates and consolidates commercial relationships, reducing the payment risk.

Advantages for the Importer:

• The shipping demands/conditions and formalization are an integrating part of the Credit;
• Guarantee immediate or on a set future date refund for the exporter;
• Allows avoiding advance payment;
• Allows obtaining funding;
• Allows controlling the merchandise;
• Banking process in accordance to the Uniform Customs and Practice (U.C.P) of the International Chamber of Commerce;
• Potentiates and consolidates commercial relationships, reducing the non-receiving risk.