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Advice of L/C

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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