Import bills:
Under the import letter of Loan, import agency, and cash-on-delivery import commercial invoice, our bank is a short-term financing facility for the importer to advance the import payment on behalf of the importer with valid vouchers and commercial documents. It is used to meet the short-term financing needs of importers under import letter of Loan, import collection, or cash on delivery import commercial invoice.
Handling process:
1. Our bank shall approve the Loan line for the importer upon application.
2. Our bank receives the documents submitted by the exporter.
3. The importer submits an import bill application form to our bank.
4. Our bank advances the bill payment on behalf of the importer and delivers the documents to the importer.
5. The importer pays our bank when it is due to return the bill payment.
Tips:
1. The applicant needs to submit a written application for import bills;
2. The applicant has approved a Loan line or a single Loan line in our bank;
3. The applicant signs a formal billing agreement with our bank to determine the amount, term, interest rate, repayment date, etc.;
4. Import bills are a kind of special financing, which can only be used to perform external payment obligations under specific trade items;
5. The time limit of the bill is generally matched with the time limit for the resale of imported goods, and the sales return is used as the main source of repayment of the bill.
