Examination and Negotiation of L/C
Introduction
Examination of L/C refers to all-round services including examination of L/C documents and delivery of such documents for reimbursement.
Features:
- To meet exporter’s settlement needs under letters of credit;
- Less risks. It provides exporters with conditional payment commitments by replacing importers’ commercial credit with bank credit of the issuing bank;
- Strong proactivity. By ensuring compliance of documents (completely under the control of exporters), customers will be able to obtain payment commitments from the issuing bank;
Target Customers
- Exporters who are unaware of or have doubt on the importers’ credit, and require additional commitments from importers’ banks;
- Exporters that apply for funding from local banks to prepare export goods.