INTERNATIONAL BUSINESS

 Introduction:

Customers shall apply to open an import letter of credit with our bank after having signed the contract under L/C. Our bank shall open an L/C to a local bank of the seller’s country which would advise the seller. The seller shall post documents specified in per L/C to our bank, the examination of per documents shall be advised to the customer in line with the rules of “document to document consistency, document to L/C consistency” by our bank.

Feature:

i.A letter of credit shall be opened in compliance with international standard in the form, procedure and specifications;

ii.Banks shall be based on processing documents;

iii.Quick settlement, basically L/C is opened through SWIFT which saves much time for both two parties;

iv.Experienced and professional business personnel, advanced and quick SWIFT system ensure the safety and efficiency of fund;

v.Moderate charge, flexible.

Service object:

Corporate customers that have the operating right on import and export.

Business process:

i.Customer shall present《Irrevocable documentary credit application》and related trade contract;

ii.Our bank opens L/C according to that specified on《Irrevocable documentary credit application》;

iii.L/C amendment(if needed);

iv.Our bank receives and examine the documents under L/C;

v.Redemption of documents shall be made after payment or acceptance.