Import L/C
Benefits for the customers
- Payment ability from Exporters is guaranteed by VietinBank;
- Access to import financing;
- Assurance that L/C transactions being handled directly, quickly and through the least number of intermediary banks;
- With L/Cs issued by credible bank such as VietinBank, the documents of exporters/sellers will easily receive confirmation or discounts by many banks;
- Access to bank expert consultation on contracts, complicated projects and solving commercial disputes.
Features
- Upon request of the Corporates (the importer/buyer), VietinBank issues import L/C, commits not to withdraw the contract and will pay for the beneficiaries (the exporter/seller) upon their presentation of documents meeting the terms and conditions of the L/C. The import L/C services of VietinBank include:
- Issuance of import L/C;
- Amendment of import L/C;
- Shipping guarantee issuance under L/C/Authorization to take the delivery under L/C/Bill of Lading endorsement before shipping documents are presented to VietinBank;
- Advising, checking and refusing (if applicable) the documents presented under L/C;
- Import L/C settlement and acceptance;
- Import L/C cancellation.
Eligibility conditions
- Customers are granted Credit limit at VietinBank.
- The trading contract stipulates payment method by letter of credit,
- Comply with foreign exchange management regulations, law on anti-money laundering, and regulations by countries.