Import Finance
1. Credit line for issuing L/Cs
- BOC can establish letter of credit limit for the client basing on their repayment capacity, performance record and terms of guarantee, you may apply for a credit line for opening an L/C or keep certain balance in your margin deposit account with BOC. The Credit line will be adjusted according to your financial status changes and normally it will be reviewed once a year.
2. Advance payment on Inward Bills
- BOC can provide you import bill advance according to your demand upon receiving the bills under the letter of credit or the import collection items on the conditions that you have signed Master Agreement for Bills Transactions and Trade Finance with BOC.
3. Issue a shipping guarantee under L/C
- An effective financing method taken in the case of arrival of cargo prior to the documents;
- BOC issue a Shipping Guarantee at the importer's request to assist picking up the goods from the shipping company before the relative shipping documents arrives at the importer's hand;
- Such kind of trade finance is especially applicable in the case of short shipping voyage;
- With the Shipping Guarantee, importer can save port charges, storage demurrage charges etc.