About Adam Solutions Financial Services
We are Specialist of funds, loans, bank guarantees. We are working with large lending's affiliated to a corporate consortium group operators and providers of Bank Financial Instruments.
About usLetters of Credit (LCs)
Letters of credit are issued by banks and provide a guarantee to the exporter
Standby LC:
A standby LC is used as a backup in case the buyer fails to fulfill their obligations under the sales contract.
Documentary Letter of Credit
A DLC is similar to an LC (Letter of Credit), which is a written undertaking by a bank to pay a seller for goods or services,
Bank Guarantee
financial instrument used in international trade to provide a guarantee of payment or performance between parties involved.
What Do We Do
We Offer Financial Solutions for Intrenational trade activities for Importers and exporters mitigating risk of losses by providing Letter of Credits like DLC SBLC LC at Sight, Bank Garuntees and other financial Instruments .
Letters of Credit (LCs), .
Revocable LC: A revocable LC can be amended or canceled by the issuing bank at any time, without notice to the beneficiary. This type of LC is rarely used in international trade transactions.
Irrevocable LC: An irrevocable LC cannot be amended or canceled without the consent of all parties involved. It provides a high degree of security to the exporter, as it guarantees payment for the goods or services, as long as the terms and conditions of the LC are met.
Confirmed LC: A confirmed LC is one in which a second bank, usually in the exporter's country, adds its guarantee to the LC. This provides an additional level of security to the exporter, as it ensures that payment will be made even if the issuing bank fails to honor the LC.
Documentary Letter of Credit
It is a financial instrument that is commonly used in international trade transactions to provide a guarantee of payment to the seller (exporter) by the buyer's (importer's) bank.
A DLC is similar to an LC (Letter of Credit), which is a written undertaking by a bank to pay a seller for goods or services, provided that the seller meets certain conditions. The difference between DLC and LC is that DLCs are typically used for larger transactions, while LCs are used for smaller transactions.
Standby LC
A standby LC is used as a backup in case the buyer fails to fulfill their obligations under the sales contract. It is often used in construction and infrastructure projects, as well as in the energy sector..
- Purpose: An SBLC is often used as a backup or alternative to a traditional Letter of Credit (LC). It can be used to secure a variety of financial obligations, such as payment of debt or completion of a project.
- Parties involved: There are typically three parties involved in an SBLC transaction: the applicant (the party requesting the SBLC), the beneficiary (the party that will receive payment), and the issuing bank (the bank that issues the SBLC).
- Payment guarantee: An SBLC provides a guarantee of payment to the beneficiary if the applicant fails to fulfill their obligations under the sales contract.
Bank Guarantee,
financial instrument used in international trade to provide a guarantee of payment or performance between parties involved in a transaction..
In a trade transaction, the seller (exporter) may require a guarantee from the buyer's (importer's) bank to ensure that they will receive payment for the goods or services provided. The bank will issue a BG on behalf of the buyer, which guarantees payment to the seller if the buyer fails to fulfill their obligations under the sales contract.
01
Revocable LC
A revocable LC can be amended or canceled by the issuing bank at any time
02
Irrevocable LC
An irrevocable LC cannot be amended or canceled without the consent of all parties involved.
03
Confirmed LC
A confirmed LC is one in which a second bank, usually in the exporter's country, adds its guarantee to the LC.
04
Unconfirmed LC
An unconfirmed LC is one in which the issuing bank is the only party responsible for guaranteeing payment.
05
Standby LC
A standby LC is used as a backup in case the buyer fails to fulfill their obligations under the sales contract.
06
Transferable LC
A transferable LC allows the beneficiary to transfer all or part of the LC to another party, usually a supplier or subcontractor.
Our Other Services
Apart from Financial Services we also offer other services like Company incorporation Immigration Visas Contracting and other Support of opening Branch or Subsidaries in other Countries.
Contact
Feel free to reach out to us for any inquiries, collaborations, or questions you may have. We're here to assist you in any way we can. Whether you're looking to explore partnership opportunities, have a question about our services, or just want to say hello, we'd love to hear from you!
Our Address
Bay Square Business Bay, Dubai UAE
Email Us
info@adam-solutions.com
Call Us
+971 585152174