CAPE VERDE LETTER OF CREDIT

CAPE VERDE LC ISSUING BANK CONFIRMING BANK CHARGES

CAPE VERDE LETTER OF CREDIT CONFIRMATION FEE

For Cape Verde, when an exporter has concluded a commercial export contract with a Cape Verdean importer and the two parties do not know each other, the irrevocable and confirmed letter of credit is the most appropriate instrument to mitigate the risks.

The Cape Verdean importer will ask the Cape Verdean bank to issue a letter of credit for the benefit of the exporter who will have previously named the name of the notifying and confirming bank to be accepted by the exporter.

For Cape Verde, the exporter must choose a confirming bank that has in its network of correspondents the Cape Verdean bank that is proposed by the importer but also the one that has an acceptable credit rating so that there is no default of payment from the confirming bank.

A letter of credit issued in Cape Verde is usually confirmed by a big number of banks which are prepared to take the risks of Cape Verdean banks and make sure the beneficiary of the LC or exporter obtain his payment.

LIST OF CAPE VERDEAN BANKS ISSUING LETTERS OF CREDIT AND WHICH ARE ACCEPTED BY THE BANKS OF EXPORTERS

  • Bank of Cape Verde

  • Banco Cabo-Verdiano de Neg├│cios

  • Banco Internacional de Cabo Verde

  • Banco Inter-Atl├óntico

  • Ecobank Cape Verde

CONFIRMING BANKS FOR LETTER OF CREDIT ISSUED THROUGH CAPE VERDEAN BANKS

Banks which are confirm the letters of credit issued in Cape Verde by Cape Verdean banks are: (please contact us to obtain the list or to be listed as confirming bank).

CAPE VERDE: CONFIRMATION FEE FOR LETTER OF CREDIT FROM A CAPE VERDEAN BANK

Confirmation charges and fees for letters of credit issued through Cape Verdean banks can be obtained on demand by emailing: info@tradefinance.africa.

TRADEFINANCE.AFRICA COUNTRIES OF EXPERTISE