International payment procedures
Drakon Enterprises is using Hypo Vereinsbank Munich, a member of UniCredit Group, for its financial transactions. We are familiar with L/C (letter of credit) payments which is the most common payment instrument used in international trading contracts.
L/C payments are the safest method to ensure that contractors stick to their original corporate offer and deliver the goods within the announced quality, time frame and originally agreed price. We would always recommend L/C payments to our clients. However there are some other payment procedures that may apply sometimes and for certain business transactions. We will advise you properly in regards to all your questions about payment procedures.