Examination of L/C Documents

Bank provide combined service, including examination of documents and sending of the document for payment to the issuing bank.

The product is for the needs of exporters for settlement and collection of payments under L/Cs.

1. Less hassle. The product meets the requirement of the exporters by entrusting Bank of China for settlement and collection of payment under L/C.
2. Low risk. The importer's commercial credibility is replaced by the issuing bank's credibility, ensuring a better payment commitment for the exporter.
3. High initiative. As long as the compliance of document  is ensured, the unconditional payment undertaking will be granted by the issuing bank, while the compliance of document  is under the full control of the exporter.

Exporters who are not familiar or confident with the credibility of the importers, and require additional commitment from the bank of the importers.

1. The exporter (beneficiary) presents the export documents to Bank of China after the preparation and shipment of the goods under the L/C.
2. After examining the documents, Bank of China despatch the documents to the issuing bank or the nominated bank to claim for payment/reimbursement.