If I choose the Metropolitan life insurance, do I have access to medical assistance by phone?
Yes. Metropolitan insurance includes the 24/7 telemedicine benefit, so you can get medical advice and recommendations from specialists, no matter ...
With the Asirom Fii Sigur insurance, can I add extra protection for accidents?
Sure. You can top up the Asirom Fii Sigur insurance with additional packages that provide financial support in difficult situations, such as hospitalization, ...
What is a letter of credit and how does it help me in my relationship with a business partner?
The letter of credit is a payment method commonly used in international trade, through which the buyer's/importer’s bank assumes the commitment ...
What is the difference between payment by letter of credit and payment by external transfer order?
For an external payment order, the buyer directly instructs the payment to the supplier. In the case of a letter of credit, the issuing bank intervenes in the transaction and ...
When will I receive the money if I deliver the goods based on an export letter of credit?
The moment of collection depends on the terms of the letter of credit. Payment can be made immediately after document verification or at a later agreed date. ...
What happens if the documents presented under a letter of credit contain discrepancies?
If the documents do not fully comply with the letter of credit conditions, the issuing bank reviews the discrepancies and requests the buyer's approval for ...
What is documentary collection and when is it recommended?
Documentary collection is a payment method whereby commercial documents are transmitted through banks. Banks act only as ...
What is the difference between documentary collection and letter of credit?
In the case of a letter of credit, the issuing bank undertakes a firm payment commitment. With collection, banks only forward documents and funds, without obligation to ...
In a collection order, can the buyer collect the shipping documents without making the payment?
Depends on the established conditions. Under Documents Against Payment (D/P), documents are released only upon payment. Other collection methods may allow ...
What is a bank guarantee letter and in which situations can it be used?
It is the bank's commitment to pay an amount to the beneficiary if the applicant fails to fulfill their contractual obligations. It is used in tenders, ...
What is the difference between a bank guarantee and a letter of credit?
The letter of guarantee protects the beneficiary against non-fulfillment of an obligation. The letter of credit is used for payment in commercial transactions ...
Can I collect the money before the maturity of an export letter of credit?
Yes. Term payment letters of credit can be discounted after the export has been completed and the documents presented, provided that the bank has a limit of ...
