信用证项下产品(国外英文资料).docVIP

信用证项下产品(国外英文资料) The l/c opening (the Issuing of the L/C) The product description The bank of China shall apply to the domestic importer to make a payment commitment to the foreign exporter. We undertake to meet the obligations of payment to exporters in compliance with the terms and conditions stipulated in the l/c. Product features Improve the negotiating position. Open the l/c is equivalent to give the commercial credit to the exporters outside the conditional promise of payment, increase the importers credit, the importer can accordingly for the reasonable price of goods; The goods are guaranteed. Commercial credit to bank credit, bank intervention can make trade itself more assured, through documents and terms, effective control of goods weight, shipping date and the quality of the goods; Reduce your financial stress. For the importer who USES the credit card, the appropriation of the funds will be reduced before the issuing of the license. For the customer The two sides hope to make certain arrangements for each others actions to enhance the credibility of trade. The importer is in the sellers market and the exporter insists on the settlement of the letter of credit. There is not enough liquidity in the import and export, and there is a plan for using trade finance. The application requirements A certificate of legal persons business license or other valid certification that is sufficient to prove its lawful and business scope; There are rights to import and export. To handle the process The importer has submitted the application for the opening of the certificate of credit. The exporter is prepared to ship the goods in accordance with the letter of credit after receipt of the letter of credit. The exporter shall submit the documents to the bank for the documents to be submitted to our bank for payment or payment. After receipt of the documents, we will pay or pay the goods to the exporter. Payment will be made on due date. The letter of credit is opened in Chi