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Examination of Documents

2021-04-30

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 (Central and Eastern Europe) Limited Bucharest Branch 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.

Target Customers

1.Exporters who are unfamiliar or not confident with the credit standing of importers, thus requiring additional commitment from the bank of importers;

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

Application Qualifications

1.The applicant shall be approved and registered in accordance with the law, and hold a business license 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.The exporter (beneficiary) presents export documents to Bank of China (Central and Eastern Europe) Limited Bucharest Branch after the preparation and shipment of the goods under the L/C terms;

2.After examining the documents, Bank of China (Central and Eastern Europe) Limited Bucharest Branch mails the documents to the foreign issuing bank or the nominated bank to claim reimbursement;

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

4.The foreign issuing bank makes due payment to Bank of China (Central and Eastern Europe) Limited Bucharest Branch and Bank of China (Central and Eastern Europe) Limited Bucharest Branch will pay the exporter.

Our Advantages

1.High quality of document examination and experienced in handling complicated articles, most professional among the peers.

2.Highly skilled negotiation skills and effective response to and disposal of disputes such as unjustified payment rejection; skillful application of international practices to protect your interests to the maximum extent.

3.Fast collection of payment. With a global network of correspondent banks, advanced technical means and rigorous system on expediting collection and appraisal, we guarantee timely collection of your export payments.

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