Import

Documentary credit is one of the most secure payment methods in international trade, offering the exporter a conditional payment guarantee from the importer’s bank.

As an importer, using documentary credits to pay for goods or services offers you several commercial and operational advantages.

The security of this payment method should be more appealing to the seller and you may be able to negotiate discounts as a result.

 

Import Documentary Credits

Documentary credits provide a number of advantages when paying for imported goods or services.

  • No obligation to pay until all the conditions of the documentary credit are fulfilled.
  • Using documentary credits with extended credit terms may be an alternative to traditional forms of bank finance such as overdrafts.
  • An opportunity to negotiate a discount from the exporter because of secure and fast payment.
  • Multiple payments can be made.
  • Your credit reputation is enhanced by providing suppliers with documentary credits.
  • Shipment of goods may be more prompt.

To request a documentary credit, fill out an application and send it to Danske Bank. If your company has the Trade Finance module in Business eBanking, you can also request a documentary credit through this channel.

Go to Details

Want to know more?

Become a customer
Professional support as your financial partner.

Become a customer
Download fact sheet
Contact
0345 850 9515

Contact us

Customer information Useful numbers Book Appointment Become a customer

Chat with us

Customer Support

Find out more

Find a business Centre