To provide greater security in international transactions by guaranteeing that payment will only be made if the instructions are strictly followed.The guarantee of payment of the goods will be provided by BFA on the instructions of its customer (Importer) in favour of the Exporter and at the Exporter’s request at the time when the sale and purchase agreement is entered into.
• Greater agility in transactions with foreign companies
• Security in international transactions
• Guarantees receipt of the goods within the agreed time
• Replaces surety bond
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• Pro forma invoice, contract or order form
• Original of the Insurance Certificate, in the name of BFA, where this is the customer’s responsibility
• Document showing that the transaction as been dully approved the competent body
• Guarantees established in the terms of approval