Financing for ImportsFinancing for Imports

If you know your trading partner or if you operate in neighbouring markets, clean payment is an appropriate method of payment. However, if you import from further afield, your trading partner will probably propose payment by collection or documentary credit.

Your risks as the importer are often related to advance payments. You may encounter the risk of the seller's failure to deliver the goods and to refund the down payment. Therefore, you should demand an advance payment guarantee from the seller. If you are the buyer for a project-type contract, a performance guarantee will provide you with security against the seller's inability to deliver or perform.

Services for ImportersServices for Importers

Import Documentary Credits

An import documentary credit is a mode of payment in which payment is effected against documents specified in the documentary credit.
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Import Collection

The payment for import collection takes place against documents received by Sampo Bank.

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Guarantees for Importers

Guarantees and securities for various purposes in import trade.

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Standby Letters of Credit

A standby letter of credit is a bank guarantee in the form of a documentary credit.

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Compare different services for importers.

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