ICBC (Asia) provides customers with diversified import finance supports and customized service solutions according to trade settlement model and cash flow financing needs for customers engaging in import trade to ensure the smooth and efficient transactions.
Product name | Product brief introduction |
Import L/C issuance | Issue L/C to exporter |
Back to Back or Front to back L/C | Issue the baby L/C to exporter before or upon receiving the master L/C |
L/C Financing | Provide financing under L/C |
Shipping Guarantee | Support goods delivery arrangement prior to the arrival of shipping documents |
Import Collection DA/DP Documents | Inform customer and arrange payment when supplier sends the documents |
Import Collection Financing | Provide import loan under document collection |
Import Invoice Financing | Obtain financing at the time of purchasing goods by presenting supplier’s invoice and shipping documents |
When you and the exporter agreed to settle the payments by L/C (Letter of Credit), ICBC (Asia) will issue the L/C to the exporter according to your instruction and requirements.
Applicable scenario
As an importer, you want to settle the payment with the exporter by L/C.
Product features
ICBC (Asia) can issue another L/C (known as baby L/C) involving the same goods with you as the applicant to your supplier based on the master L/C received by you as the beneficiary(back-to-back L/C) ; or the Bank may issue the baby L/C at the time of master L/C being drafted (front-to-back L/C).
Applicable scenario
As a trade intermediary, you wish to have guaranteed payment from the downstream importer’s bank, and make a payment commitment to upstream suppliers for settlement, while avoiding the disclosure of both parties to one another.
Product features
If you import goods by issuing L/C, you can get finance through the Trust Receipt Loan under it and repay the loan on the maturity date.
Applicable scenario
There is a funding need when importing goods by issuing L/C.
Product features
If you have an import L/C issued by ICBC (Asia) for your goods which arrives prior to your receipt of shipping documents you can apply for shipping guarantee which allows you to take delivery of the goods prior to the arrival of documents of L/C in order to avoid detention and demurrage, or loss due to deterioration of the goods.
Applicable scenario
Your imported goods arrive at the port prior to the original shipping documents, with an urgent pick-up requirement.
Product features
If the payment is not settled by the form of L/C, ICBC (Asia) will inform you according to the trade and freight-related documents and payment instructions sent by the exporter’s bank, and arrange payment for you . You can obtain full set of documents after payment (D/P) or at the acceptance of the usance bills of exchange (D/A).
Applicable scenario
You and your exporter agreed to settle the payment by D/A or D/P.
Product features
You can get finance from ICBC (Asia) by applying for the trust receipt loan under D/P or D/A after receiving transport documents and repay the loan on the maturity date of the trust receipt loan.
Applicable scenario
There is a financing need when importing goods under import collection.
Product features
If you wish ICBC (Asia) to pay for the goods for you in advance, you can apply for a short-term import invoice financing by presenting the commercial invoices and shipping documents provided by your exporter. The bank will pay to the exporter on your behalf in advance.
Applicable scenario
You require the Bank to pay to the exporter on your behalf in advance.
Product features
Should you have any enquiries, please contact our customer services hotline at 2533 8881 or by sending email to tradefinance@icbcasia.com.
To borrow or not to borrow, borrow only if you can repay.