EXPORT SERVICE

L/C Advising

Speed and reliability are what make our L/C advising stand out, supported by our links with the Bank of China in the mainland and our worldwide correspondence banking coverage. Simply ask your buyer to choose Bank of China (Hong Kong) Ho Chi Minh City branch as the L/C advising bank to benefit from our quality and professional service.

L/C Confirmation

What can you do if you are worried about the financial standing or the country/region risk of the L/C issuing bank?

If you are doubtful about the financial standing or the country risk of the L/C issuing bank, you may request your buyer to insert the term “Add confirmation” in the L/Cs advised by us. In so doing, we may add our confirmation on it and share the same responsibilities and obligations as the L/C issuing bank.

Export Bills for Collection

With our “Export Bills for Collection” service, you simply present your documents to us and we will send them to your buyer’s banker in a timely manner. Documents will be released to your buyer upon payment or against acceptance.

There are two types of export bills for collection:

Documents against payment (D/P), where the presenting bank releases the documents to the buyer only against a cash payment in a prescribed currency.

Documents against acceptance (D/A), where the presenting bank releases the documents to the buyer against acceptance of a bill of exchange (draft) guaranteeing payment on the maturity date.

Export Bills under L/C for Collection

When you present the export documents under L/C for collection, we provide document checking service upon your request so you can avoid unnecessary discrepancies which may result in delayed payment or non-payment.

Financing of Export Bills under L/C for Collection

After the issuing bank receives the documents and our bank receives the acceptance message from the issuing bank. Then you can obtain financing from us.