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Export L/C Delivery/Negotiation
2021-11-25
Definition of product
Our Bank accepts the entrustment of the client (exporter) to review the documents under the L/C according to the international practice, and send the documents in conformity with the L/C to the issuing bank or its nominated bank for remittance.
Scope of application
Individual clients engaged in export trade.
Characteristics:
·Professionally pre-review documents and assist in making documents, so as to effectively save clients’ time and reduce the refusal rate.
·Professionals provide review and consulting guidance, so as to protect the interests of our clients and reduce trade disputes.
·In case the payment is not collected on time after the documents are sent, we will assist the client to collect the payment from the overseas issuing bank or confirming bank.
Handling procedure:
1. Clients make the documents according to the export L/C and delivers them to our counter;
2. Our Bank reviews documents according to the Uniform Customs and Practice for Documentary Credits of the International Chamber of Commerce and the principle of “compliance among documents and uniformity among letters”;
3. Send documents according to the L/C;
4. Receive remittance.
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