FAQ
International trade is an exchange of capital, goods and services across international borders or territories.
Ziraat Finance Group is represented in 18 countries: Turkey, Azerbaycan, Germany, Montenegro, Kazakhstan, Uzbekistan, Georgia, Bosnia and Herzegovina, Turkmenistan, Russia, United Kingdom, Greece, Bulgaria, Iraq, Saudi Arabia, Turkish Republic of Northern Cyprus, Kosovo, Bahrain
Foreign Trade Portal is an innovative digital platform, which main goal is connecting and supporting exporters and importers from Azerbaijan and Turkey. Importers and exporters from other counties, where Ziraat Finance Group is located, will be able to joint the Foreign Trade Portal at the earliest possible date.
Letter of guarantee, letter of credit, cash advances, documentary collections and open account sales are instruments used by exporters and importers participating in international trade.
According to URDG, demand guarantee or guarantee means any signed undertaking, however named or described, providing for payment on presentation of a complying demand.
Letter of guarantee is widely used in international trade to secure exporter from non-payment risks, while importer gains a chance to participate in international trade as a reliable partner.
Letter of credit is a payment tool secured for the both sides participating in international trade.
Exporter receives increased assurance of receiving payment in time, while importer secured from non-delivery of goods. The rules of a letter of credit are issued and defined by the International Chamber of Commerce through their Uniform Customs & Practice for Documentary Credits (UCP 600).