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The principal risk for importers is not receiving goods that were ordered and paid for. While we cannot eliminate that risk completely, a letter of credit can enable you to provide your supplier with an undertaking of payment, and often specify shipping and payment dates to coincide with your inventory requirements and cash flow demands.
TRADEXPRESS elite
For businesses that use letters of credit on a regular basis, TRADEXPRESS elite provides an electronic link to our processing department via the Internet. Our fully automated service offers a full range of import letters of credit services, from application submission through to expiry, covering all related data transactions for your reports.
Contact us or visit your Scotiabank branch for more information about Importing, and how you can easily transfer your existing business to Scotiabank.
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