Introduction

Examination of documents under L/Cs refers to comprehensive services with integration of document examination, document mailing, and reimbursement claiming provided by Bank of China for exporters under L/C.

Functions

The product is for the needs of exporters for settlement and collection of payments under L/Cs.

Features

1.The product is for the needs of exporters for settlement and collection of payments under L/Cs;

2.Low risks. The issuing bank's bank credit substitutes the commercial credit of importers and provides a conditional payment undertaking for exporters;

3.High initiative. So long as the document quality is ensured, the unconditional payment undertaking will be granted by the issuing bank, while the document quality is under the full control of exporters;

4.Passing on costs. Banking fees related to issuance of the L/C may be borne by importers, which is advantageous for exporters.