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 You Are Here: ICBC Phnom Penh Branch >Products & Services >Corporate Banking >International Settlement
International Settlement
 

(1)Export Letter of Credit Advising
ICBC is able to provide prompt advice via Email upon receipt of documents and efficient payment according to the instructions, when business inform their supplier to send their shipping documents to ICBC.

(2)Export Documentary Collection
The exporter submits all the commercial documents to ICBC once the exporter’s goods are shipped. ICBC immediately checks the documents and sends for collection via the importer’s bank and get payment from the importer. The documents can be delivered against payment (D/P) or against acceptance (D/A).

(3)Import Letter of Credit
Import Letter of Credit gives assurance when dealing with unfamiliar suppliers. As an import Letter of Credit helps control the payment terms and conditions and establish creditworthiness with the supplier, businesses can be confident that payment will not be made until the documents are received and verified to be in order. Our service includes the opening and modification of L/C, examination under L/C, import payment, acceptance, dishonor and inquire.
Transferable L/C allows the beneficiary to transfer the L/C in whole or in part to second beneficiary. Back-to -back L/C provides a unique solution to businesses that require end-to-end financing.

(4)Import Bills for Collection
ICBC is able to provide prompt advice upon receipt of documents and efficient payment according to the instructions when businesses inform their supplier to send their shipping documents to ICBC.

(5)Export Letter of Credit Negotiation
The exporter could submit the original L/C with all relevant documents to ICBC for verification. ICBC will timely inform the exporter to modify or exchange the documents if the documents mismatch the requirement on L/C. ICBC will also timely send all the documents to the issuing bank.


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