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If you are learning about L/C Upas, this article will help you discover the outstanding benefits of this payment method.
L/C Upas was born as an optimal solution, helping importers solve the problem of safe and effective payment, while optimizing cash flow and improving competitiveness. So, what is L/C Upas? Let's find out more in the detailed article below of SeABank.
L/C Upas (Usance Payable At Sight Letter of Credit) is a form of deferred payment letter of credit issued by SeABank in which the Exporter can receive money immediately or at a certain time in the future when presenting a suitable set of documents. Currently, this is a form of payment that satisfies the needs of the buyer and seller, allowing import enterprises to pay the exporter immediately or at a time agreed upon by both parties, while still enjoying the deferred payment period.
L/C Upas is a deferred payment letter of credit but can be paid immediately.
To better understand Upas L/C, you can refer to some more information about the characteristics of this payment method as follows:
Upas L/C is a combination of the advantages of sight L/C and deferred payment L/C.
Using L/C Upas in international transactions can bring benefits to both Exporters, Importers and banks. Specifically, the benefits for each party participating in the L/C Upas method are as follows:
For Exporters, Upas L/C brings the following benefits:
When Importers use the Upas L/C payment method, they will also receive the following benefits:
Using Upas L/C can help Importers increase payment terms
For banks participating in Upas L/C, they can diversify products and services, expand market share and enhance domestic and international payment reputation.This helps attract more customers and contributes to sustainable development in the future.
Depending on each bank, the conditions and procedures for registering to issue Upas L/C will be different. However, you can refer to the conditions, process and procedures for registering L/C Upas at Southeast Asia Commercial Joint Stock Bank - SeABank, is being evaluated by many customers as one of the top credit institutions in issuing UPAS L/C quickly, with simple and flexible documents.
Accordingly, when registering for L/C Upas at SeABank, you need to meet the following conditions and procedures:
Conditions for registering L/C Upas
Documents to register L/C Upas
Procedures for opening L/C Upas
Conditions and procedures for registering L/C at SeABank are simplified for customers.
L/C Upas has been affirming its position as the optimal and safe international payment solution for businesses in the era of economic globalization. With its outstanding advantages, L/C Upas helps businesses optimize cash flow, minimize risks, improve competitiveness and expand import and export markets.
If your business is in need of registering for L/C Upas, please refer to SeABank's services immediately. SeABank is proud to be one of the leading banks in Vietnam providing L/C Upas services with many attractive benefits such as competitive fees, long funding periods, and a streamlined and simplified L/C Upas registration process, creating convenience for customers.
To learn more about SeABank's UPAS L/C service, please visit the website or contact Hotline 1900.555.587 (Customer Service) or 1900.599.952 (Business Service).