Types of LC available:
- Sight LC
Issuing Bank (UOB) will pay your seller upon presentation of trade documents from their bank. - Usance LC
Issuing Bank (UOB) will pay your seller on a fixed future date after receipt and acceptance of trade documents from their bank.
How it works:
- Documents against Payment (DP)
We release the import documents to you upon your payment. - Documents against Acceptance (DA)
We release the import documents to you upon acceptance of the bills where you agree to pay the seller on a fixed future date.
How it works:
Shipping Guarantee
Take possession of your goods when they arrive at the port prior to receipt of the original shipping documents.
Our Shipping Guarantee Endorsement helps you to avoid incurring demurrage charges.
- Invoice Financing
Financing for the import payments according to your trade cycle, so you can better manage cash flow and obtain favourable credit terms from suppliers.
- Trust Receipt
Short-term financing which allows you to settle your import payments and take possession of goods on trust for resale before paying the bank at maturity.
