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Import Letter of Credit |
  Global Banking Trade Financing Import Letter of Credit |
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Import letter of credit is a business in which our bank issues external letter of credit according to the application of client (letter of credit applicant) after implementing full guarantee condition or within the line of credit provided by our bank to the client (herein after referred to as line of credit), and perform the payment responsibility under the letter of credit after receiving the document that conforms to the terms of letter of credit.
The applicant shall submit the following application materials to our bank:
(1) Application for Irrevocable Letter of Credit in the format prescribed by our bank;
(2) Background materials under the trade: import contracts, agency contracta, etc.;
(3) If the applicant is not included in “List of Import Entities Making External Payment of Foreign Exchange” or listed in “List of Authenticity Examination”, or the applicant is the enterprise in other place, the record table issued and signed by foreign exchange bureau shall be submitted;
(4) If the import commodity is a restricted commodity, relevant approval or promise shall be submitted in principle, and the applicant shall make written guarantee to submit relevant approval to our bank before making external payment of foreign exchange if the approval or promise cannot be submitted before the issuance in special situation;
(5) Other materils required by our bank.
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