I. Introduction ICBC offers credit when your company and importer agree to settle on a term of credit sale. To apply, submit the commercial invoice and documents to ICBC to proceed.
II. Features and Advantages 1. Receive the payment of goods in advance, speed up the cash turnover; 2. Settle the F/X in advance, lock down the risk in exchange rate.
III. Target Clients After the shipment of your goods.
IV. Operation Guide Your company has to sign the Export Invoice Credit Agreement with ICBC one time and submits the following: 1. Export Invoice Credit Application Form; 2. Import/export contract, stated in the Contact that your company has to submit full set of commercial documents (commercial invoice and full set of bill of lading).
V. Application Conditions 1. Your company must be rated by ICBC with an approved credit line;
VI. FAQ 1. ICBC will grant a short-term loan in a ratio of the amount you claimed from the counterparty.
VII. 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.