Export L/C confirmation
Benefits for the customers
- Payment guarantee by VietinBank even in case the L/C issuing bank is unable to pay, as long as the Corporate present documents meeting terms and conditions of L/Cs;
- Easy access to VietinBank pre-financing programs: Pre-export Financing, post-export financing (Export bill discounting);
- Enjoying consultation in receivables collection and commercial disputes in order to ensure payment security for Corporate Customers.
Features
- VietinBank additionally commits to pay L/C (in addition to payment commitment of an issuing bank) if the Exporter present documents meeting the terms and conditions of L/Cs.
Eligibility conditions
- The issuing bank of L/C is granted credit limit by VietinBank.
- L/C terms and conditions meet VietinBank’s regulations.
- Comply with foreign exchange management regulations, law on anti-money laundering, and regulations by countries.