中文CN
Export Letter of Credit
Product introduction
It is based on the letter of credit issued by foreign banks and the documents handed in by customers (exporters).It is a kind of settlement business for exporters to examine, send and ask for foreign exchange.Including letter of credit advice, examination of documents, negotiation, sending documents, asking for foreign exchange, collection, settlement and other business links.
Product features

1. A letter of credit is an independent document that is not attached to a trade contract.

2. The letter of credit requires the documents to be consistent.

3. On the premise that the documents are in conformity with each other, the issuing bank shall assume the primary responsibility for payment.

4. This business replaces commercial credit with bank credit to provide confidence and guarantee for the successful completion of transactions between traders.It is convenient for all parties to finance.

Business process

1. Upon receipt of the letter of credit from abroad, our bank will notify the beneficiary to obtain evidence after examining the authenticity and terms.

2. The customer shall directly submit the full set of documents and the original letter of credit to our bank, and fill in the "Customer Delivery Contact Form".

3. Our bank will send the bill for remittance after confirming that the bill is correct.

4. After the foreign exchange is collected, handle the foreign exchange settlement or entry procedures for the customer.