Trade finance guide
How trade-finance instruments work.
Eastking Global Services Limited is a Nigeria-registered trade finance consultancy firm supporting businesses engaged in cross-border commerce. Eastking guides clients through documentation and coordination for LC, DLC, SBLC and bank-guarantee applications. All approval and issuance decisions belong to the licensed bank.
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.
Instrument guide
What each instrument is for.
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.