Enterprise Customers
Payment on L/C
(Updated at 14:22, 15/7/2010)
This is a service offered by Agribank whereby Agribank makes payment to the beneficiary abroad in the form of L/C when the beneficiary presents complying documents in accordance with the terms and conditions stipulated in the L/C issued by Agribank. This service applies to business customers operating in international import business.

-          There are two forms of payment on L/C: sight and usance

 

Benefits

 

-          Agribank offers advice to customers in the inspection of documents to reduce risk in payment

-          Save time and costs for customers thanks to Agribank’s global network of correspondent account relationship

-          Agribank always responds promptly to demands for foreign currency for payment on L/C at maturity

 

Conditions

 

-          Documents fully conform to the terms and conditions set forth in the L/C

-          Customers make full payment or confirm to make payment 100% of invoice value into account for payment at the bank or sign

-          customers move forward enough or committed enough 100% invoice value on account of payment at the bank or sign debenture

 

Special offer

 

-          When using Agribank export documentary collection service, customers can also use Preferential loans for export activities and other Agribank’s offers.

 

Fees

 

-          Fees apply according to current Schedule of Fees and Charges of Agribank

 

Delivery channels

 

-          Agribank branches/transaction offices.

 

Technology applied

 

-          Agribank uses automated accounting system.



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