Speed and reliability is what makes our L/C advising stand out, supported by our networks in the Mainland and our worldwide correspondent banking coverage. Simply ask your buyer to choose Chiyu Banking Corp. Ltd. as the L/C advising bank to benefit from our quality and professional service.
If you are doubtful about the financial standing or the country/region risk of the L/C issuing bank, you may request your buyers to insert the term “Add Confirmation” in the L/Cs advised by us. In so doing, we may add our confirmation on it and share the same responsibilities and obligations as the L/C issuing bank.
A Transfer L/C is an ideal solution. You can wholly or partially transfer the L/C to your suppliers at your request, provided the L/C is“transferable”. Under such circumstances, the name of the buyer and that of the supplier must be disclosed.
There are two types of transfer L/Cs:
With our “Export Bills for Collection” service, you simply present your documents to us and we will send them to your buyer's banker in a timely manner. Documents will be released to your buyer upon payment or against acceptance.
There are two types of export bills for collection:
When you present the documents to us for collection, we can provide you with a cash advance against your export bills so you can meet your cash flow requirements.
With our export collection services, you can benefit from our extensive correspondent network in the Mainland of China and overseas to speed up payments to you and reduce your expenses.
When you present documents for collection, we provide Document Checking Services upon your request so you can avoid unnecessary discrepancies which may result in delayed payment or non-payment.
Upon receipt of your export documents, we will advance the bill if the documents are in full compliance with the terms and conditions of the L/C. If discrepancies are found, we can still provide financing “under reserve”.
You may need pre-shipment financing to settle production costs, such as that incurred to buy raw materials and pay shipping or manufacturing fees. You might want to consider taking up our packing loan facilities against the security of the L/C.
After delivering the goods to your buyer, we can provide you with a short-term loan against your invoice and evidence of delivery of goods.
To borrow or not to borrow? Borrow only if you can repay!