NLB offers all the main services to help your work, including bank guarantees and documentary credits:


Confirmation of Opening of Documentary Credit

The opening of documentary credit (credoc) is a payment commitment which is taken on by the purchaser's bank abroad in the exporter's favour, on the presentation of documentation. Credit confirmation means the exporter's bank takes on the commitment to pay.


Issuing of Bank Guarantees for International Trading

Payment Guarantees
A payment commitment by the bank to the vendor/provider of goods/services as coverage for import operations, the provision of services, the supply of goods etc.


Advanced Payment Bond
A bank commitment to return the contractual advance paid by the purchaser in the event of the vendor's failure to fulfil the contractual obligations. The vendor can benefit from the advance and the purchaser has the guarantee that it will be reimbursed if the vendor fails to fulfil the contractual obligations.


Performance Bond
Guarantee of the satisfactory fulfilment of the contract which the bank of the supplier of goods and/or services issues in favour of the buyer; it guarantees the buyer a coverage of the risks deriving from the supplier's failure to fulfil its contractual obligations.


Bid Bond
The Bid Bond, or Tender Bond, is an instrument required for participation in bids for tenders abroad. The bank undertakes to reimburse the beneficiary of the guarantee if the tenderer does not fulfil the contractual obligations once the tender has been awarded. The bank guarantees the reliability of the tendered which can participate in the bid; the beneficiary has the guarantee that amount will be returned in the event of non-fulfilment of tender terms.