- External and local documentary credits (open to our benefit).
- The open credits are reviewed in our favor in accordance with the terms of the contract with the customer - accepted by us or request to amend it in accordance with the contract.
- Preparation of shipping documents (invoice & certificate of origin & bill of lading & package identification & insurance policy & certificate of guarantee & test certificate) and according to the text of the contract and the initial invoice (ie there are no differences in documents) for the speed of disbursement of our receivables.
- Follow-up of the proceeds of the documents of the credit with the external banks (Bank L / C) and the correspondent bank for accreditation.
Second: External and local documentary credits (issued by us).
- The processing of documents opening credits such as (opening request from the company includes terms and method of payment and shipping documents and the request to open from the bank).
- Review the appropriations issued by the bank and send them to the client abroad.
- Request amendments to the appropriations after the request of the client from abroad, such as (extension of the period of shipment or allow for partial shipment etc ...). Follow-up adjustments
- Review the shipping documents received from abroad for lack of differences according to the text of the contract.
- The disbursement of the amounts of external and local appropriations according to the contract text and the value of the goods to be supplied.
- Follow-up credit balances with banks until the expiration of external and local credits.
Third: letters of guarantee (initial / final / advance payment).
- Issuing letters of guarantee required according to the contract and methods of payment by means of credits or orders of supply.
- Preparation of the initial guarantee letter (according to the bank request) to enter the tenders. And return it after landing.
- Processing the final letter of guarantee after the assignment in accordance with the text of the contract and issuance and delivery to the client, and return after expiration or end of supply or after the warranty period.
- Processing the letter of guarantee advance payment according to the text of the contract and issuance and review and the payment and follow-up entry of the value of the advance payment to our account, and return after the end of the period of supply or reduce the delivery date
- Refund or confiscation of final letters of guarantee or advance payment - according to the date of delivery after approval by the technicians.
Fourth: Credit from banks.
- Processing documents required to request credit from banks with coordination with the financial sector, and the company's plan.
- Follow-up activation of credit after issuance and review of its assets (for credits & letters of guarantee / loans).
- All transactions with foreign companies and foreign and local banks via e-mail and personal contact in coordination with the head of the economic sector
