The Bank is entrusted by a foreign agency bank or union bank to collect the import money from the importer according to instructions of the foreign agency bank or union bank and to deliver relevant commercial bills to the importer.
It refers to the short term fund accommodation of paying the import cargo for the importer under import letter of credit or import collection based on effective voucher and commercial bills.
It meets the demand of short term fund...
It is a kind of payment promise made by the Bank to foreign exporter upon the application of the domestic importer. It promises to fulfill the responsibility of paying the exporter when all articles specified in the letter of credit are met.