Transactions between individuals

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Most often, they are used when buying real estate or other large objects. In this case, the letter of credit agreement will have a fairly simple form.

Purchase and sale transactions within one state
In addition to classic trade transactions, these include relationships between commercial organizations and shareholders. For example, buying a share in an LLC or transactions with share capital.

Export-import trade agreements
This is a special type of letter of credit, because two banks luxembourg whatsapp number act as intermediaries in it: one on the side of the exporter (beneficiary of the transaction), the second represents the interests of the importer. This type of agreement deserves special attention.


Export-import letter of credit agreement
Let's consider how you can safely carry out transactions on the international market. In this case, the counterparties - citizens of different states or legal entities registered in the territory of different countries - face an additional complication.

A bank can be under the jurisdiction of only one state. The procedure for concluding a letter of credit agreement is already quite complex. The additional bureaucratic red tape associated with having to deal with a foreign bank may discourage one of the counterparties from getting involved in such an "adventure".

But the bankers would not be bankers if they could not find a way out of such a difficult situation. After consulting in the international financial circle, they came up with an export-import scheme, adding a new participant to it. There were four of them: