EASTKING Global Services Limited
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Our core services
Support across key trade finance instruments.
Our consultancy supports commercial and documentary letter-of-credit applications, standby letter-of-credit applications and bank-guarantee applications. Support may include reviewing transaction documents, organising application materials and coordinating communication among the applicant, supplier, beneficiary and relevant banking parties.
LC and DLC terminology can overlap. Instrument wording follows the relevant bank and the underlying transaction.
01 / LC
Commercial Letters of Credit
Documentation and coordination for commercial LC requests.
02 / DLC
Documentary Letters of Credit
Application-pack preparation for document-based trade transactions.
03 / SBLC
Standby Letters of Credit
Transaction-document review and coordination for standby requirements.
04 / BG
Bank Guarantees
Documentation and party coordination for guarantee applications.
05 / POF
Proof of Funds
Documentation and coordination support for proof-of-funds requirements, subject to the verifying institution’s checks.
06 / APG
Advance Payment Guarantees
Application documentation and coordination for advance-payment guarantee requests.
07 / PG
Performance Guarantees
Documentation and coordination for performance-related guarantee requirements.
Instrument guide
What each instrument is for.
Eastking supports application preparation and coordination for trade-finance requests. The exact instrument wording, eligibility, terms and requirements depend on the transaction and the licensed bank’s review.
LC
A commercial letter of credit may link payment to presentation of documents that meet the terms set out in the instrument.
DLC
A documentary letter of credit is also document-based. Banks and transactions may use LC and DLC terminology differently, so we follow the wording used by the relevant bank.
SBLC
A standby letter of credit may provide recourse if the stated conditions are met. Its effect depends on the exact wording and the bank’s terms.
BG
A bank guarantee is an undertaking issued by a bank in favour of a beneficiary, subject to its stated terms and conditions.
POF
Proof of funds is documentation used to evidence funds for a transaction. The source and verification must be confirmed with the institution providing it.
APG
An advance payment guarantee may protect a buyer’s advance payment under the conditions set out in the guarantee.
PG
A performance guarantee may provide recourse in relation to specified contractual obligations, subject to the instrument’s terms.
Eastking is a trade-finance consultancy firm, not a bank or issuer. The licensed bank independently conducts due diligence and decides whether to approve, issue or authenticate any instrument. No approval or issuance is guaranteed.
Trade finance and risk
Understanding trade-finance protection.
Trade finance can help businesses manage some of the risks involved in international trade. When properly structured, letters of credit can link payment to the presentation of documents that meet the stated terms, while standby letters of credit and bank guarantees may provide conditional recourse if an agreed obligation is not met.
Their protection depends on the wording, the parties’ performance and the bank’s terms; they do not remove commercial, delivery or market risk. Eastking helps clients prepare and coordinate applications, while the licensed issuing bank independently reviews and decides each request.
Clarity before commitment
Frequently asked questions
What does Eastking Global Services Limited do?
Eastking is a trade-finance consultancy firm. We support clients with preliminary document review, application preparation and coordination for genuine commercial transactions.
Which instruments can Eastking support?
We provide application and documentation support for commercial letters of credit (LCs), documentary letters of credit (DLCs), standby letters of credit (SBLCs) and bank guarantees (BGs).
Does Eastking issue or authenticate bank instruments?
No. Eastking is not a bank or issuing institution. Only the licensed issuing bank can approve, issue, authenticate or transmit an instrument, subject to its own checks and final terms.
What information should I have ready?
Requirements vary by transaction and bank. An initial enquiry can include a short description of the underlying trade, the instrument requested, the proposed amount and currency, and the buyer and supplier details. The bank may request further KYC, financial and transaction documents.
How long does the process take?
Timing depends on the transaction and the issuing bank’s review, due diligence and approval process. Eastking cannot promise a fixed timeline or a particular outcome.
Is approval guaranteed?
No. Every application is assessed independently by the relevant bank. Any approval, facility, collateral requirements and issuance terms are determined by that bank.
Eastking Global Services Limited is a trade-finance consultancy firm, not a bank or issuing institution. We support application preparation and coordination for genuine client commercial transactions. All applications are subject to the relevant licensed bank’s independent due diligence, requirements and approval.
Documentation support
Trade-finance documentation support.
Eastking supports clients with preparation and coordination of documentation for trade-finance requests, including letters of credit, standby letters of credit, documentary credits, demand guarantees and bank comfort letters where applicable.
Eastking is a consultancy firm, not a bank or issuer. The licensed bank independently reviews each request and decides whether to approve or issue any instrument. Approval and issuance are not guaranteed.
Guarantees explained
Bank guarantees and their benefits
A bank guarantee is a written undertaking by a bank to pay a beneficiary if the applicant fails to meet a stated obligation, subject to the guarantee’s wording, a compliant demand and the issuing bank’s terms. It may help counterparties participate in a tender or contract with greater confidence, and it can provide conditional recourse if a covered obligation is not met.
Common types include:
- Bid or tender guarantee: may support a bid by protecting the buyer if the successful bidder fails to proceed as agreed.
- Performance guarantee: may provide recourse if a supplier or contractor fails a specified contractual obligation.
- Advance payment guarantee (APG): may protect a buyer’s advance payment if the supplier fails to meet the stated conditions for repayment.
- Payment guarantee (PG): may provide recourse if the applicant fails to pay a covered amount.
These instruments do not provide automatic payment or remove delivery, commercial or market risk. Each guarantee’s wording, demand requirements, expiry, fees, collateral or facility conditions are set or reviewed by the issuing bank. Eastking supports application preparation and coordination; it is not a bank or issuer. The licensed bank independently conducts due diligence and decides whether to approve and issue any guarantee.