It is our bank (issuing bank) according to the requirements of the applicant.A written undertaking to a beneficiary for a specified amount of money payable within a specified period of time against specified documents.According to different standards, letter of credit can be divided into negotiation, sight payment, deferred payment and acceptance letter of credit; sight and usance letter of credit;Special types of letter of credit include: false usance letter of credit, transferable letter of credit, back-to-back letter of credit, revolving letter of credit, back to back letter of credit.

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

2. The letter of credit emphasizes the consistency of documents and documents, and has nothing to do with the actual situation of goods.

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

4. Letter of credit replaces commercial credit with bank credit, which provides confidence and guarantee for both parties to complete the transaction smoothly.It is convenient for all parties to finance.

1. The customer shall fill in the Application for Issuing an Irrevocable Letter of Credit of our bank and affix the official seal.At the same time, the customer shall submit the following materials to our bank: import contract, filing form (if necessary), import approval (if necessary), agency agreement (If necessary), pay a deposit.

2. Our bank signs the Contract for Issuing Letter of Credit with the customer (the customer who has signed the Comprehensive Credit Line Contract with our bank does not need to sign the Contract for Issuing Letter of Credit.Contract for Opening Letter of Credit). The sub-branch shall register in the credit system of our bank and print the notice of account withdrawal.

3. Our bank will issue the letter of credit after verifying the letter of credit application and relevant materials.

4. If the customer requests to modify the import letter of credit issued by our bank, fill in the Application for Modification of Letter of Credit of our bank and affix the official seal.If the increase in the amount of the letter of credit is involved, the increased part shall be treated as the opening of the letter of credit.

5. For the foreign documents under the import letter of credit, our bank will notify the applicant after reviewing the documents.The full set of documents can be delivered to the applicant only after the applicant has made up 100% of the deposit or promised to pay.

6. External payment or acceptance/refusal of payment by our bank.