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1. My company has signed an import contract with payment by deferred L/C. Could we issue L/C UPAS at SeABank? What is the maximum term for L/C UPAS financing at seabank
1. In this case, you can use the special L/C UPAS product to take advantage of the L/C UPAS financing period and the deferred payment period to partners. 2. SeABank allows up to 365 days for debt under L/C UPAS
What are the requirements to be financed for pre-shipment export?
To qualify for pre-shipment export financing, customers must meet the following conditions: - The customer must be an enterprise engaged in export activities and legally authorized to conduct import-export business under the law. - Possess an export contract or a valid Letter of Credit (L/C) that has been issued, or a compliant set of export documents. - The enterprise must have a good credit history and meet the bank’s financial criteria. - Satisfy the bank’s requirements regarding collateral (if applicable).
What is export document discount with recourse?
This is a credit product provided by the bank to export enterprises, enabling them to receive an advance payment equivalent to the value of the export shipment immediately upon presenting a compliant set of export documents that meet the bank's requirements.
What benefits does L/C bring to import businesses? Does SeABank require customers to deposit money when issuing L/C?
a. L/C brings great benefits to importers such as: - Only pay when receiving the goods, ensuring peace of mind and avoiding the risk of payment before goods arrival. - Control the transaction process and exporter compliance with the terms in L/C. If the set of documents is invalid, the importer has the right to refuse payment. - Get loan support from the bank to pay when due. b SeABank's deposit rate is very flexible and competitive. For good customer groups, SeABank can remove the requirement for cash deposit from customers.
1. Which businesses are the users of domestic L/C? | 2. What are the benefits when issuing domestic L/C at SeABank?
1. Domestic businesses that want to pay by L/C instead of traditional transfer method. 2. When issuing domestic L/C at SeABank, businesses will receive many benefits such as: - Only pay upon receiving the goods - Enhance the position of the businesses when negotiating purchases because the Seller is guaranteed payment by a reputable bank such as SeABank. - Get loan support from SeABank to pay when due.
What payment purposes does business require international money transfer for?
International money transfer for businesses at SeABank meets all payment purposes in accordance with the regulations of the State Bank such as: - Transferring money to pay for imported goods and services - Transferring money to pay for fees to participate in exhibitions and seminars abroad, - Transferring money to pay expenses according to contracts signed with foreign partners and other purposes"
What information does a business need to provide to its partners to receive money from abroad?
To receive money from abroad quickly and economically, the Enterprise provides the partner with the following minimum information: - Name and Beneficiary Account opened at SeABank - Name and Swiftcode of SeABank
What types of guarantees can SeABank provide?
With extensive experience and long-standing reputation, SeABank is proud to be the top choice for customers in providing a wide range of guarantees, including bid bonds, advance payment guarantees, performance guarantees, payment guarantees, warranty bonds, housing development guarantees, and many other specialized guarantees. We are committed to fast processing, simple procedures, convenience, and competitive costs.
What is the guarantee issuance fee at SeABank?
The guarantee issuance fee depends on the type of guarantee, the collateral, and various factors that may change over time. You can refer to the detailed fee schedule here for more information.
Can corporate customers pay online bills (electricity, water, telecommunications charges...) at SeABank?
Corporate customers can pay bills on the e-Banking application anytime and anywhere.
