Arrangement of import documentary credits
The best balance between the buyer's and seller's obligations
As an importer, documentary credit enables you to rest assured that your obligation to pay will only come into effect once the seller has complied with the terms and conditions expressed in the credit, and these must reflect what was established in the contract with the supplier.
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Solutions
What are your needs?
- To be sure your obligation to pay will only come into effect once the seller has provided sufficient documentation to prove the goods have been dispatched
- To confirm your creditworthiness to the seller
- To secure deferred payment with respect to your supplier
- Adaptability to the sale contract
- To benefit from maximum legal protection
How can we help you?
- Request to arrange your credits via our BS Online Companies remote banking service, including the simplified Direct LC mode which, in addition, allows you to obtain the draft SWIFT message instantly.
- Your documentary credits are set up immediately
- Close, personalised, professional management of your credits
- Immediate review of the documents by top professionals
- Subject to the "Uniform Customs and Practice for Documentary Credits (UCP600)" of the International Chamber of Commerce, providing a universal, stable and secure framework for processing your documentary credits
- Payment guarantee for your supplier
Why Banco Sabadell?- We are leaders in processing documentary credits
- Documentary credits are issued immediately
- We ensure the documentary credit meets your needs as an importer
- We offer bespoke financing
- You can take out cover for your exchange rate risks 1
1. Currency or exchange rate cover is a commitment by means of which the customer and the bank mutually undertake to exchange an amount of currency at a fixed price at a later date.
Come and see us
Write to us
- Documents and tools
Guarantees and Documentary Credit - A multimedia guide for companies that want to make their business more secure.
Find out the advantages offered by a documentary credit issued by Banco Sabadell for the importer and exporter.
Through our BS Online remote banking service, you can ask for documentary credits to be arranged quickly, easily and efficiently. This will be even easier for you with this Compliance guide.
See the features of the Direct LC service, with which we simplify the application for opening letters of credit to the utmost and which also allows you to immediately obtain the draft SWIFT message.
If you prefer, you can download the application forms from the following links to fill in and send to your Banco Sabadell branch:
Uniform Customs and Practice for Documentary Credits: the following link will take you to a summary of the current International Chamber of Commerce rules for documentary credits (UCP600). A summary of standard international banking practices for documentary credits can also be found at this other link
Before you invest…
Please take note of the Key Investor documents regarding the cover for exchange rate risk. Their aim is to provide you with clear, simple and concise information about the characteristics of the product you're going to buy.
Consult - Video tips
Our experts advise you on key issues for your business.
Vídeos:
“Documentary credit and the Incoterm EXW”
- Video of Nuria Zurita (Foreign Trade Director – East - Balearic Region)
- Flash - key ideas from the video (spanish version)
“The proper use of Incoterms: why are CIF and FOB not for containers?”
"Intermediaries and transferable documentary credit"- Video of Susana Monge (Foreign Trade Director – Madrid, Castile and Galicia Region)
- Flash - key ideas from the video (spanish version)
"Transportation insurance in the Incoterms”
- Video of Rafael Martínez (Foreign Trade Director – Madrid, Castile and Galicia Region)
- Flash - key ideas from the video (spanish version)
“Transport documentation in documentary credit”- Video of Ignacio Masa (Foreign Trade Director – North Region)
- Flash - key ideas from the video (spanish version)
"Documentary credit and Group D Incoterms"- • Video of José Vidal (Foreign Trade Director – East - Balearic Region)
- Flash - key ideas from the video (spanish version)
“Documentary credit: a balance between the interests of the seller and the buyer”
"Acceptability of forwarding documents in documentary credit"- Video of Marta Suárez (Foreign Trade Director – East - Balearic Region)
- Flash - key ideas from the video (spanish version)
"Importers and documentary credit: how to take advantage of the last chance"