Product Name

Examination of Documents and Negotiation of L/C

Product Description

Examination of Documents and Negotiation of L/C refers to the comprehensive service integrating the document examination, document mailing, and reimbursement claim provided by Bank of China Limited Karachi Branch for exporters under L/C.

Functions

The product meets the requirement of the exporters for settlement and collection of payment under L/C.

Features

1.The product meets the requirement of the exporters for settlement and collection of payment under L/C.

2.Low risk. The importer's commercial credibility is replaced by the issuing bank's bank credibility, ensuring  a better payment commitment for the exporter.

3.High initiative. As 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 the exporter.

Eligible Applicants

1.Exporters who are not familiar or confident with the credibility of the importers, and require additional commitment from the bank of the importers.

2.Exporters who want to apply for the packing loan from a local bank to finance the goods to be exported.

Application Requirements

1.The applicants hold the business license legally approved, registered and annually checked as well as other valid certificates sufficient to prove the legitimacy and scope of operation.

2.The applicants shall have the qualification to engage in import and export trade.

Procedures

1.The exporter (beneficiary) presents the export documents to Bank of China Limited Karachi Branch after the preparation and shipment of the goods under the L/C.

2.After examining the documents, Bank of China Limited Karachi Branch mails the documents to the foreign issuing bank or the nominated bank to claim for reimbursement.

3.The foreign issuing bank presents the received documents to the applicant under the L/C.

4.The foreign issuing bank makes the due payment to Bank of China Limited Karachi Branch, and accordingly the Branch pays it to the exporter.

Our Advantages

1.We are the most professional among the peers, with a high document examination level and rich experience in handling complicated clauses.

2.We are highly skilled in negotiation, and can make quick response to the disputes such as unjustified payment rejection; we can adopt the international practices to fully protect your interests.

3.We can realize efficient collection of payment. With a global network of correspondent banks, advanced technical means and rigorous system for expediting collection and appraisal, we can guarantee the timely collection of your export payment.