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Introduction
Advice of L/C means the notification of the received L/C or its amendments to the beneficiary by Bank of China.
Features
The product can help the beneficiary (exporter) under the L/C timely receive the L/C or its amendments verified of their genuineness.
Target Customers
Beneficiary under L/C
Application Qualifications
1. The applicant shall hold a business license of legal person that has passed the annual inspection or other valid certificates which fully prove its legal operation and scope of business;
2. The applicant shall have the qualification to engage in import and export trade.
Process
1. After Bank of China receives the foreign L/C or its amendments, it will verify its genuineness by checking the speciman/stamp or test keys;
2. Bank of China will notify the beneficiary the L/C or its amendments, advise the beneficiary of potential risks in the L/C terms.
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