Letter of Credit application
When you agree with the exporter to settle trade payments by Letter of Credit, Dongguan Bank (International) will issue a Letter of Credit to the exporter based on your application and specific requirements.
 

Applicable scenario
There is a funding need when importing goods by issuing L/C.
 

Product features:

◆Avoid detention and demurrage fees with the cargo being stuckat the port.

◆Speed up capital turnover: The loan can be repaid on the maturity date of the trust receipt financing when the cash inflow is obtained by selling the goods.

◆Reduce capital tie-up: Reduce the occupation of your own capital by issuance of an usance letter of credit.