Products & Services
Our goal is to provide clients with the correct financial instruments for their needs. Ensuring all parties can trade quickly and confidently with the correct financial documentation in place.
Products We Export
Finitor International FZ LLC exports various products around the Globe with best committed time and competitive price with commitment quality of products and material.
Gold
We are the largest importer of Gold among listed corporates. The imports are made from reputed and approved Refineries and Bullion Banks and suppliers overseas.
We serve a huge network of jewellers in across the globe for their requirement of imported Gold for manufacture and export of jewellery.
In Gold, bars of 1 kilogram and 100 gm are offered. In silver, we offer 30 Kg bars and our own unique one and two kg Bars.
We offer Gold Medallions in 995 purity (24 karats) and they are made from Gold imported from internationally accredited overseas refineries in Switzerland, London, Australia and South Africa. They come with our certificate of assay and purity.
Our Silver Medallions are of 999 purity made from pure Silver imported from internationally accredited overseas refineries. They come with our certificate of assay and purity.
We have tied up with renowned international market for our imports. We have launched a number of cost effective schemes, keeping in mind the needs of different segments of our customers for Gold.
In order to help our customers take the right pricing decision, we will have launched SMS Price Alerts of our Gold and Silver Daily Prices together with international prices and USD/AED rates, three times a day to our registered customers.
Copper / Aluminium Ingots / Used Rail
Finitor International FZ LLC has own network and Associate in Africa and USA, Kingdom of Saudi Arabia, Mexico, Lebanon and Philippines for Copper, Aluminium Ingots and Used Rail We are a major Exporter based in Asia and catering to the diverse demands of several middle and eastern Asian countries. Our price is very competitive and Delivery is very committed.
Rice
Finitor International FZ LLC has built long-standing relationships with regional and international buyers and suppliers of various grades of rice predominantly in the Indian Subcontinent, Far East, Middle East and East Africa. Finitor International FZ LLC along with its associates currently handles about one Mn. MT of various grades of rice annually in both bulk and containerised forms in global /domestic markets.
Oil & Oil Seeds
Over the past few years, Finitor International FZ LLC has built strong relationships all major Edible oil origins (Malaysia, Indonesia, Ukraine and Argentina) and currently acts as a supply chain partner of major domestic refiners. Finitor International FZ LLC services the clients across all major ports through their storage facilities. Finitor International FZ LLC trades mainly in Oil Seed & Palm complex products.
Finitor International FZ LLC has the expertise to handle various oil seeds such as Sesame seeds, groundnut kernels, sunflower seeds, Safflower seeds etc in which we take positions from time to time and undertake imports and exports including third country trade.
Pulses
Finitor International FZ LLC is one of the leading movers of pulses and beans, we mainly supply to consumers in Turkey, Egypt and UAE, East and West Africa, UK. Our key sourcing markets includes Canada, Ukraine, African continent, Australia, Indonesia, Myanmar.
Spices
Finitor International FZ LLC is actively involved in trading of various spices such as Coriander seeds, Cumin Seeds, Turmeric, Kalonji, Fenugreek Seeds, Fennel, Ajwain, Nutmeg, Mustard, Cardamom, Black Pepper, Dill Seed, Ginger, and Various grounded spices and curry powder.
We Do Corporate Project Funding
If you have need for Corporate loans, International project funding, etc. or if you have a client that requires funding for his project or business, We are also affiliated with lenders who specialize on funding against financial instruments, such as BG, SBLC, POF or MTN, we fund 100% of the face value of the financial instrument.
What we offer :
- Stand By Letter of Credit (SBLC)
- Documentary Letter of Credit (DLC)
- Bank Guaranteed (BG)
- Proof of Fund (POF)
- Ready Willing & Able (RWA)
- Export & Import
Our Services
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Finitor International FZ LLC was established to provide key financial instrument services to organisations dealing in large International trades. We provide them with the financial tools needed to carry out their business.
Financial Instruments
We are one of the leading financial instrument providers with offices all over Globe. We are major/Direct providers of Fresh Cut BG, SBLC, POF, MTN, Bonds and CDs and this financial instrument are specifically for lease and sale, our we always deliver on time and precision as Set forth in the agreement.
You are at liberty to engage our leased facilities into Trade Programs, Project Financing, Credit Line Enhancement, Corporate Loans (Business Start-up Loans or Business Expansion Loans), Equipment Procurement Loans (Industrial Equipment, Air crafts, Ships, etc.), and many more.
Our Terms and Conditions are reasonable.
Our experienced staff can guide you through the range of financial instruments available, giving you clear sound advice on which service is best for you. Our execution, communication and delivery of our service is second to none.
Stand By Letter of Credit (SBLC)
A standby letter of credit is a guarantee of payment issued by a bank/FI on behalf of client where the bank/FI promises to pay a “beneficiary” in case of default by the applicant.
Historically, Standby letters of credit were developed because the US regulator legally limited US bank’s authority to issue guarantees.
Standby letters of credit are a very flexible tool, making them a suitable product for securing vast range of payment scenarios.
It is most commonly used for international trade as it provides assurance to the other party that the payment will come through anyway. However, a standby letter of credit involves quite a few complexities and therefore one must consult with an expert if not well acquainted with how it actually works.
A breakdown of SBLC types is provided below:
- A performance standby
- An advance-payment standby
- A bid-bond or tender-bond standby
- A counter standby
- A financial standby
- An insurance standby
- A commercial standby
- A direct-pay standby
documentary Letter of credit (DLC)
A Documentary Letter of Credit (DLC) is issued by a bank of a financial institution. It gives assurance to the supplier (beneficiary) that they will receive payment up to the amount stated in the letter of credit, provided that a compliant presentation is made under the LC.
This financial instrument is mostly used in international transactions, where the buyer and the supplier relationship is rather new and are operating in different countries.
A letter of credit is a very important financial instrument to meet the short-term needs which allows its recipient to obtain the necessary credit for financing his project with hope of generating enough return from it to settle the due amount in the given time frame. Similar to other types of debt instruments, usance letters are open to advance settlement on the behest of recipient and usually without attracting a penalty.
The letter of credit specifically states which documents and information are required by the beneficiary upon presentation, including the date and place the letter expires. By submitting a compliant presentation, the letter of credit provides the beneficiary the requisite guarantee assuring them to be paid if the required conditions for document delivery have been met.
The letter of credit specifically states which documents and information are required by the beneficiary upon presentation, including the date and place the letter expires. By submitting a compliant presentation, the letter of credit provides the beneficiary with a guarantee that they will get paid as long as certain documentary delivery conditions have been met.
The bank which writes a letter of credit on behalf of the buyer (applicant) must now make sure the conditions for all documentation under the credit are duly met with before paying the supplier. Letter of credits are usually governed by the rules of the International Chamber of Commerce (ICC). The specific rules for letters of credit are known as the Uniform Customs and practice for documentary Credit (UCP). The version currently in effect is UCP600, since July 1st, 2007.
The parties to a letter of credit are the supplier (beneficiary), the issuing bank, of whom the buyer (applicant) is a client, and usually an advising bank, of whom the beneficiary is a client.
Bank Guarantee (bG)
Guarantees can be either direct or indirect-
- Direct Guarantee – occurs when a bank is instructed to issue a guarantee by its account holder, in favour of the beneficiary.
- Indirect Guarantee – an indirect guarantee occurs when a second bank is asked to issue a guarantee in return for a counter guarantee. In case the second bank suffers losses in the event of claim against the guarantee, the issuing bank indemnifies any losses the second bank suffers.
A breakdown of BG types is provided below:
- Bid Bond
- Performance Bond
- Advance Payment Guarantee
- Warranty Bond
- Letter of Indemnity (LOI)
- Payment Guarantee
- Rental Guarantee
- Confirmed Payment Order
The bank’s guarantee to pay may be subject to conditions which stipulate that bank would be obligated to pay the beneficiary the fixed promised amount on behalf of its client if the conditions are fulfilled.
POF & RWA
It is a document is issued by banks or financial institutions on behalf of clients, demonstrating intent and capability (both financially and legally) to enter into a financial transaction. RWA’s are often also referred to as bank comfort letters.