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Trade Financing
 

(1)Export Bill Purchase/Discount
Export Bill Purchase: After the exporter submits all the documents as the pledge, ICBC offers credit to the exporter before the receipt of goods payment from the importer.

Export Bill Discount: After the exporter submits all the documents and payment commitment from the L/C issuing bank, ICBC offers credit to the exporter before the receipt of goods payment from the importer.

(2)Shipping Guarantee
Shipping Guarantee:Use this guarantee to avoid high demurrage charges or price fluctuation in situations when the imported goods has arrived at the destination before shipping documents. ICBC offers guarantee for you to take delivery of goods before the original bill of lading arrives.

(3)L/C Confirmation
When the exporter is not comfortable with the financial standing of the L/C issuing bank or wishes to use ICBC fast and convenient export finance service, then submits the originals L/C advised through ICBC and request for L/C confirmation. Once the exporter ships out all the goods under the L/C confirmed by ICBC and submits all the clean bills to ICBC, ICBC will undertake to pay.