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Advice of Export of Letter of Credit

2021-04-30

Introduction

Advice of L/C means the notification of the received L/C or its amendments to the beneficiary by Bank of China (Central and Eastern Europe) Limited Bucharest Branch.

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 (Central and Eastern Europe) Limited Bucharest Branch 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 (Central and Eastern Europe) Limited Bucharest Branch 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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