Payment Standby Letters of Credit

INTRODUCTION

A Payment Standby Letters of Credit is a written document issued by Bank of China U.S.A. at the request of the buyer to the seller under the contract, guaranteeing the buyer will fulfill the payment obligations under the contract to purchase goods, technology, patent or labor.

FEATURES & BENEFITS

Act as a guarantor

Bank of China U.S.A. acts as a guarantor to ensure a smooth transaction, including fulfilment of contractual obligations.

Timely and accurate

Timely and accurate payment for goods

Broad application

Broad application from merchandise trade to construction projects.