Is IBAtlantic merely a Trading Company?
No we are not. We are a product & services sourcing company. We can offer you solutions for setting up factories for manufacturing in a variety of Countries, especially in the emerging markets. Other solutions offered include: Aviation | Project Funding | Entertainment | I.T. | Resort & Mall construction | In many instances we own shares within our Global Manufacturing Partner companies. If you are a wholesaler we can definitely help ensure you get the best deals. WHAT IS A LETTER OF CREDIT? A Letter of Credit (LC) is a document issued by your bank that essentially acts as an irrevocable guarantee of payment to a beneficiary. This means that if you do not perform your obligations, your Bank pays. The LC can also be the source of repayment of the transaction meaning that the exporter will get paid with the redemption of the LC. Let me give you an example: For simplicity sake lets imagine that your company imports radios from a Korean manufacturer called Seoul Manufacturing, which banks
