Letters of Credit

Letters of credit allow your company to build relationships, gain trust, and grow. Mainstream banks are increasingly unwilling to offer this service as part of their lending package. This poses a significant problem for importers that require Letters of Credit to fund their imports.

By using our services, your business can get letters of credit opened quicker and more easily allowing you to focus on building your business.

Why Choose Us?

We make letters of credit easier

At Conance Limited, we are dedicated to providing you with efficient, effective services for opening the L/C and dealing with the presentation of documents. Our experienced team will guide you through every step of he L/C, making what can be a difficult and time-consuming task, simple. We only require the most essential information from you, no complicated forms necessary.

We offer documentary guidance

Supplier errors can cause major problems for you and your customers. Late shipments can result in costly fines or even leave you with the goods as a result of a cancelled order. We’ll help you avoid any potential issues by dealing with any discrepant document negotiations.

We offer post shipment finance

One of the benefits of using Conance for your letter of credits is our ability to provide post shipment finance on a bill of exchange. We offer terms of up to 120 days from the bill of lading date, allowing you sufficient time to take delivery, process the order, deliver the order to your client, and get paid.

We handle foreign currency exchange

Our internal FX team can handle the forward cover necessary to protect your purchase cost. This ensures that your margin is locked in, providing added security to the transaction at the time of receiving the order from your customer.

Documentary Collections

Our documentary collection service allows your suppliers to securely send shipping documents to be released only against payment. The process works by having your supplier submit commercial documents to us through one of our banks, at which point, once you are happy, we can release payment and take up the documents. This allows your supplier to transfer the documents without risk to either party. The process also cuts out the paperwork, time and cost involved with letters of credit, while still maintaining a sufficient level of security.

Why Choose Us?

Flexibility

With the documents presented to the counters of one of our efficient banks, we can make sure that any urgent documents are taken up in timeous manner. We can also arrange for bills of lading to be sent directly to your freight forwarders. Conversely, if a shipment arrives which has been shipped either too early or late, we can advise you on the best ways of negotiating with your supplier.

We offer great finance terms

We offer terms of up to 120 days from the bill of lading date, allowing you more than enough time to take delivery, process, deliver the order to your client, and get paid.

We handle foreign currency exchange

Payments to Suppliers

With our supplier payment service you can pay your suppliers earlier, without compromising your working capital. In most transactions, your suppliers are forced to finance the period between order placement and payment. By using us to pay your suppliers once the goods are ready to be shipped, they can eliminate any potential risk. This helps you maintain a great relationship your supplier, allowing you to negotiate from a position of strength and possibly even a reduction in the costs of goods purchased.

Why Choose Us?

Easy same day service

In most cases, we offer same day service for payments. All you need to do is provide the essential suppliers bank information, as well as copies of commercial invoices, packing lists, and bills of lading or other transport documentation if available. Submit your request by email, phone, or in person and we’ll take care of the rest.

We offer great finance terms

We offer terms of up to 120 days from the bill of lading date, allowing you more than enough time to take delivery, process, deliver the order to your client, and get paid.

We handle foreign currency exchange

Foreign Exchange

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Spot contracts allow businesses to exchange currencies immediately at the current market exchange rate, providing a simple and efficient solution for immediate international payment requirements. They are ideal for businesses needing to manage short-term currency needs while accessing the prevailing exchange rate at the time of transaction.

Forward contracts help businesses protect against currency market fluctuations by allowing them to lock in an exchange rate for a future transaction. This provides certainty over future costs and payments, helping businesses manage risk, maintain margins, and plan with confidence when trading internationally.

Multi-Currency Margin Protection (MCMP) helps businesses safeguard their profit margins when trading across multiple currencies. By managing currency exposure and reducing the impact of exchange rate movements, MCMP provides greater certainty over international transactions and helps protect your bottom line.