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TT Facility for Import Fuel Oil

I. Introduction:
Use the sales invoice and oil supply agreement to apply a TT facility from ICBC if your company needs to make overseas payment for import fuel oil.

II. Features and Advantages:
This unique service is especially for shipping companies to buy fuel oil abroad but cannot produce the original of the Customs declaration. Application on TT facility for import fuel oil is not restricted by general TT facility.     

III. Target Clients:
Apply when your company needs to make payment for refill of fuel oil while overseas.

IV. Operation Guide:
Submit the following to ICBC:
1. Import TT Facility Agreement;
2. Import TT Facility Application Form;
3. Outward Remittance Application Form;
4. Sales invoice and oil supply agreement for the fuel oil;
5. Other documentations required by ICBC.

V. Application Conditions:
1. Currently, this service is only available for shipping companies;
2. Your company must obtain rating by ICBC with an approved credit line.

VI. Statement:
Information herein is for reference only. Industrial and Commercial Bank of China Limited reserves the final rights of interpretation. Refer to the announcements and regulations of local branches for further details.

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