Commercial Letter of Credit (L/C)– Export
Bank of China U.S.A. provides comprehensive Letter of Credit services, including examination of documents, mailing and courier of documents, as well as payment services for exporters.
This service is primarily designated for the needs of exporters and importers for settlement and collection of payments under L/Cs.
Features & Benefits
Lower payment risk
L/Cs allow the exporter to lower payment risk with the payment commitment from the issuing bank and/or confirming bank, while also protecting the importer from performance risk of the exporter given the strict conditions attached to the payment under the
Document control is in the hands of the exporters while an irrevocable payment obligation rests on the issuing bank, as long as the clearly stipulated conditions of the L/C are met.