Karlovačka banka issues guarantees by order of its clients in favour of beneficiaries at home and abroad and receives guarantees issued by foreign or local guarantors in favour of its clients.
Karlovačka banka offers the following types of guarantees:
For the issuance of guarantees, the client pays the fee in accordance with the Decision on fees for performing banking services.
Karlovačka banka offers its clients the possibility of opening documentary letters of credit.
Documentary letter of credit is a payment instrument in international trade, in which the Bank, in accordance with the client’s request and instructions (importer or exporter) assumes the obligation of payment or requests a payment through a bank which is a participant in the letter of credit.
If you are the buyer/importer, the Bank opens an import letter of credit at your order and forwards it abroad.
Payment by letter of credit gives you security because Karlovačkabanka will effect the payment only upon receipt of the valid letter of credit documents that indicate that the delivery of goods has been made according to required quantity and quality.
If you are the seller/exporter, letter of credit gives you security in the collection of delivered goods or supplied services under the condition that you have presented to Karlovačka banka all documents in accordance with conditions of the letter of credit.
The documents related to a documentary letter of credit are; commercial invoice, transport documents, documents of insurance and other documents (certificate of origin of the goods, certificate on the quality of the goods, etc.).
Depending on the payment method a letter of credit can be the one with deferred payment, which means that the payment is postponed according to predefined and pre-agreed settlement period and upon presentation of proper documents and fulfillment of other conditions of the letter of credit.
For the issuance of a letter of credit with deferred payment, the client pays a fee in accordance with the Decision on fees for performing banking services.
The Bank credits the client’s account after receiving cover from abroad.
For payment of such discount bill it is necessary to submit the accompanying memo with the following data:
A bill should previously be endorsed.
The Bank will charge fees for all documentary operations in accordance with the Decision on fees for performing banking services.