TRADE SERVICES PRODUCTS FEATURES
1. Export L/C Advice:
Bank of Communications provides the service of advising LC/ Guarantee/ Standby LC and their amendments to the beneficiary after verifying the authenticity with the fastest method and most convenient way.
2. Export L/C Transaction:
Bank of Communications (BOCOM) provides the service of receiving export documents under L/C from your company, and then based on L/C terms and international banking practice, BOCOM will send documents to the issuing bank’s appointed bank or to issuing bank itself for payment. As soon as received the proceeds, BOCOM will credit the amount to the beneficiary’s account as per its instructions and relative policies.
3. Export Collection:
Bank of Communications (BOCOM) provides the service of representing exporter to present the export documents with or without drafts through a collecting bank for payment.
BOCOM will periodically follow up and press for the payment procedure for free.
4. Import L/C Transaction:
Bank of Communications (BOCOM) provides the service of opening Letter of Credit for your company to the Beneficiary.
By a broad relationship with many international banks and a massive network of branches, BOCOM can perform import L/C transactions to everywhere in the world for our customers. Based on the specific strength of customers, BOCOM will grant different opening L/C limits, and within the limit, BOCOM will provide efficient and convenient services which can enable the customer grab every business opportunity.
5. Import Collection:
Bank of Communications provides the service of receiving documents from overseas banks and advising those inward bills to the importer then delivers documents against payment or acceptance to the importer and finally effects the payment.jointly used with other instruments such as: Letter of Credit, collections, and remittances, etc.
1. Packing Loan:
Bank of Communications provides the service of a short-term financing facility against the valid original L/C, and lends money to the exporter for material purchase, production, processing and shipping of exported goods in a sum proportional to the L/C amount.
2. Export Invoice Finance:
Under the payment method of T/T, the exporter, after delivered the goods under contract, may apply to Bank of Communications for the short term receivables finance against their invoice and other shipping documents.
3. Export Bill Purchase:
Bank of Communications (BOCOM) provides the service of a short-term financing facility against the export shipping documents presented under valid original L/C. Exporters may get the money right after presenting shipping documents to BOCOM.
4. Export Collection Finance:
When exporters use D/A or D/P collection method as a payment facility, before receiving payment from overseas banks, they can apply to Bank of Communications for finance against the export collection documents.
5. Import Loan:
At the request of the L/C applicant, Bank of Communications using this trade finance product to facilitate the L/C applicant’s payment to the negotiating/presenting bank.
6. Import Collection Finance:
Bank of Communications provides this trade finance product to importers, based on their applications and using inward collection documents as collateral, so that they may use the money make payment to exporters.
7. Shipping Guarantee:
This trade finance product is a L/C import facility provided by Bank of Communications (BOCOM) to the applicant, at the applicant’s (importer’s) request, issue a Shipping Guarantee for the importer to submit to the Shipping Company for picking up arrived goods before original transport documents (Bills of Lading) arrive.
8. Forfeiting:
Bank of Communications discounts, without recourse, the exporters’ usance bills/documents accepted or guaranteed by other banks or financial institutions, so that the exporters receive the money in advance.
9. Import T/T Remittance Finance
Under the payment method of cash on delivery, when the goods arrive, the importer may apply to Bank of Communications for this short term finance, so as to effect the payment to the exporter.
10. Trade Service Fees
For more information, please visit our office or contact Customer Service here.
