信用证和外贸出口流程.doc

Export letter of Credit -Export settlement tool with lower risksWHATWhat is export letter of credit?A series of service provided to the exporter by the bank in exporters country after it received L/C from issuing bank, including advising L/C, taking up and examining documents, presentation, reimbursement etc.The contents of export L/C include checking up the authenticity of export L/C and amendment of L/C, advising the domestic exporter; transfer L/C, examining transport documents surrendered by the exporter and presentation of documents ; deal with trade financing such as negotiating, bill purchase, discounting on the request of clients; forward-sold of exchange in RMB; inquiry, urging, recourse short payment and interest, by-sending documents; check the credit of importer. WHYWhy to choose export letter of credit?Lower risks - bank credit of the issuing bank replaces commercial credit of the importer, the issuing bank provides undertaking of conditional payment to exporter;High initiative - exporter will obtain the undertaking of unconditional payment from the issuing bank as long as the exporter can guarantee the quality of documents which is completely under control of the exporter;Fee transfer - banking charges such as opening L/C etc. are usually for the importers account. WHENWhen to choose export letter of credit?The exporter has no awareness of or confidence in the credit status of the importer and needs additional undertaking from the importers bank;Needs to apply to the local bank for packing loans, so as to finance preparing for the goods to be exported. HOWHow to handle export letter of credit operation?The Operation flowAttentions:1.When discussing business terms with importer, “soft clauses” L/C should be avoided. At the same time a safe and convenient way of reimbursement should be confirmed to guarantee a safe collection of payment;2.Before the negotiating bank examines documents, the exporter needs to present: a. full set of documents stipulated in L/C; b. Origin of L/C;3.If insisting on sending documents with discrepancies, it is difficult to handle trade financing;4.The bank will deal with operations such as collection of payment, settlement of payment, credit account according to the state regulations concerning foreign exchange control;5.If exporter wants to withdraw L/C, he needs to present: a. trust instrument in written form; b. full set of original L/C.ADVANTAGESthe advantages of Bank of ChinaPredominant reputation BOC has a long history of over 90 years and has been awarded “the Best Bank in China” by “Euromoney” for successively 8 times. With the progressively improved system of corporate governance, overall integration of operation flow, wholly-upgraded service efficiency and rich financial products, BOC has continued to advance toward its goal of becoming a leading universal international bank;Client first To provide clients with the most efficient service in shortest period is our continuous aim;First-class professional service BOC, as the first bank in china to provide international settlement business, has absorbed a pool of talented experts. The bank has maintained the largest share of the domestic market and has always been the best against its Chinese peers in this regard;Overall services Provide direct investigation or consulting service including credit status of the importer and issuing bank, the risks of the import country, the going trend of the products in the international market, terms of L/C, quality of documents, foreign exchange control, financing policy etc;Effectively risk-evading system The first bank in china to offer Renminbi forward purchases and sales for foreign exchange, BOC accumulated rich experiences in helping the clients to dissolve overall exchange risks.Safe and timely clearing business With four major clearing center, that is US dollar clearing center- New York Branch; Hong Kong dollar clearing center- Bank of China (Hong Kong); Euro clearing center -Frankfurt Branch and Japanese yen clearing center-Tokyo Branch, BOC stands as the leader in domestic market for foreign currency clearing businesses;Advanced technology level BOC became one of the first bank to participate SWIFT in 1993. Sophisticated SWIFT system provides our clients with robust guaranty of convenient and high-speed collection service.Global network With 12529 domestic branches, 560institutions scattered in