Having contacted a number of mainsteam UK banks, and asked them about their current appetite/ willingness to underwrite/confirm Lithuanian bank risk, I am sorry to report that none of them have any appetite to do so at the current time. One of the banks contacted, often has the ability to add their confirmation to territories that may be perceived as more challenging, in terms of political/economic/soveriegn risk, but unfortunately at this moment, they are unable to assist with Lithuania. Since I am not aware of the amount or regularity of this business, I am unable to contact any of the more specialist banks/trade finance houses who may be able to accommodate Lithuanian risk.
In my opinion, I would suggest the possibility of using a Standby Letter of Credit, issued by a Lithuanian bank to support regular, on-going sales. Although it is unusual to request a UK financier to add their confirmation to a Standby Letter of Credit, it is entirely possible, but as mentioned above, the challenge is to find a suitable one, who is able to do so, at an acceptable cost. If this does not prove possible, it is still feasible to seek the comfort of a Standby Letter of Credit, but it must be understood that the risk sits with the Lithuanian bank and any associated political and economic risks
Happy to provide mer asistance if you wish - our specialist is Richard Casburn on email@example.com more information on Richard at http://www.strongandherd.co.uk/webpage.php?pid=10587&page=Associates