1. Export L/C Advice

Bank of Communications provides the service of advising LC/ Guarantee/ Standby LC and their amendments to the beneficiary after verifying the authenticity with the fastest method and most convenient way.

2. Export L/C Transaction

Bank of Communications (BOCOM) provides the service of receiving export documents under L/C from your company, and then based on L/C terms and international banking practice, BOCOM will send documents to the issuing bank’s appointed bank or to issuing bank itself for payment. As soon as received the proceeds, BOCOM will credit the amount to the beneficiary’s account as per its instructions and relative policies.

3. Export Collection

Bank of Communications (BOCOM) provides the service of representing exporter to present the export documents with or without drafts through a collecting bank for payment. BOCOM will periodically follow up and press for the payment procedure for free.

4. Import L/C Transaction

Bank of Communications (BOCOM) provides the service of opening Letter of Credit for your company to the Beneficiary. By a broad relationship with many international banks and a massive network of branches, BOCOM can perform import L/C transactions to everywhere in the world for our customers. Based on the specific strength of customers, BOCOM will grant different opening L/C limits, and within the limit, BOCOM will provide efficient and convenient services which can enable the customer grab every business opportunity.

5. Import Collection

Bank of Communications provides the service of receiving documents from overseas banks and advising those inward bills to the importer then delivers documents against payment or acceptance to the importer and finally effects the payment.jointly used with other instruments such as: Letter of Credit, collections, and remittances, etc.