International Trade Services
Simplify Your Imports and Exports
Whether you are doing business with trusted partners overseas or exploring opportunities in new markets, Arvest will help you find the most secure and efficient method of fulfilling your contract requirements. By facilitating payment for the transaction, Arvest will help to ensure that goods are shipped as required.
Our International Trade Services include:
Import Letters of Credit
Designed to operate as a mechanism of payment for the purchase of goods, our certified documentary credit specialists will assist you with drafting a letter of credit to ensure timely shipment of goods while meeting the specifications of the seller. Arvest will review shipping documents presented and will notify you of any potential issues with the transaction before effecting payment on your behalf.
Export Letters of Credit
Arvest understands the importance of making certain that payment is received as quickly as possible for goods and services sold to foreign buyers. We will assist you with reviewing the terms of the letter of credit to ensure that they are in accordance with international standard banking practice while meeting the stipulations of your contract. Our Trade Services staff will advise the letter of credit to you, examine documents presented and will work with you to correct any discrepancies in order to expedite payment and mitigate transactional risks.
Import/Export Documentary Collections
Do you trust your buyer/supplier enough to step away from using Letters of Credit, but aren’t quite ready to make the commitment to move to open account sales? Ask one of our associates about Documentary Collections. Using this method of payment, the banks add an additional layer of security, not releasing transport documents until payment has been made.