30/10/2019
TRADE FINANCE SERVICES
We are offering some Financial Instrument for the valued clients as bellows;
1. UPAS L/C ( Usance pay at sight)
2. Deferred L/C
3. Third Party L/C
4. SBLC or BG
A. Offer -1 - UPAS L/C ( for regular client)
Interest Rate : (3-5) % depends on LIBOR rate for 6 Months
Tenor (payback time) : 360 days for Machineries
180 days for Raw materials
Offered Bank : European and Asian banks are available
Refinance : Available on demand (must inform at the time of sourcing).
Requirements
1. Industrial IRC
2. Credit limit or L/C limit of ac holder
3. L/C Margin ( if required for local bank)
4. PI copy ( currency EURO is better for cheapest rate, USD is also acceptable)
Charges:
Arrangement fees – 0.50 % ( must be paid once L/C is issued and received by the beneficiary)
B1. Offer -2 – Deferred L/C for all types client
(For Importing from China)
We offer those who have deferred L/C facility in home country but buyer is not accepting the deferred L/C for Payment issue (payment after shipment). In this case you can use this instrument through our support or media bank.
Requirements:
1. Pro-forma Invoice
2. Passport copy
3. Certificate of incorporation
4. IRC copy
5. Tax and Vat Paper (if have)
Client or importer will issue the deferred L/C to our assigned bank/Company in China and this bank/Company will issue another L/C or guarantee for the beneficiary bank or supplier bank. When goods arrive the supplier bank will send the documents to our assigned bank/Company for payment clearance and our bank/Company will send the documents to the importer or client bank for acceptance. While acceptance is received payment will be cleared. The total process requires 5 to 7 days.
That’s why it’s very convenient and hassle free process.
Note: Selected banks are allowed only
Charges
Bank Interest : 5-6.5 % for 6 months (for raw materials)
10% for 1 year (for machinery)
Arrangement fees : 1% ( for 6 months or 1 years).
( must be paid once L/C is issued and received by the beneficiary)
B2. Offer -3 – Deferred L/C for all types client
(For Importing from others country)
We offer those who have deferred L/C facility in home country but buyer is not accepting the deferred L/C for Payment issue (payment after shipment). In this case you can use this instrument through our support or media bank from Malaysia.
Requirements:
1. Pro-forma Invoice
2. Passport copy
3. Certificate of Incorporation
4. IRC copy
5. Tax and Vat Paper (if have)
Client or importer will issue the deferred L/C to our assigned bank/Company in Malaysia and this bank/Company will issue another L/C ( back to back) to the beneficiary bank or supplier bank. When the goods arrive the supplier bank will send the documents to our assigned bank/Company in Malaysia for payment clearance and our bank/Company will send the documents to the importer or client bank for acceptance. While acceptance is received payment will be cleared. The total process requires 5 to 7 days.
That’s why it’s very convenient and hassle free process.
Note: Selected banks are allowed only
Charges:
Bank Interest : LIBOR + 2% for 6 months (for raw materials & Machinery)
Arrangement fees : 1.5% (for 6 months).
( must be paid once L/C is issued and received by the beneficiary)
C. Offer -3 – Third Party L/C
Some supplier accepts the third party L/C (out of Bangladesh). Actually we use this when a client face problem to issue L/C from the home country due to some banks failure or bindings. In this case we issue third party L/C (deferred, sight) from the below Banks;
1. Standard Commerce Bank
2. Europa Bank , UK
3. Pacific eagle, New Zealand
4. Bank Leumi, USA
5. Bank Winter, Austria
6. HSBC, Singapore, UK
Requirements
1. Pro-forma Invoice
2. Passport copy
3. NID copy
4. Trade license / incorporation certificate English copy
5. TIN copy
6. IRC copy English
7. SBLC APPLICATION FORM.docx
8. bank Statement -6 months
9. Draft issuance charge $200
Note that requirements may vary depends on bank.
Charges
For the bank listed above the charges are as below
• For 1-3 – charges are 6-7%
• For 4-5- charges are 7-8%
• For 6 charges are 9%
Procedure
After document submission
• We issue the Draft L/C
• Importer and Exporter will verify the draft l/c with their bank and send back to us with seal sign for confirmation.
• Processing charges will be paid in advance with the approved draft copy.
• After payment within 48-72 hours we will issue the L/c to the beneficiary bank.
• In case of failure to issue the L/C full charges will be refunded which will be followed by the agreement prior to payment.
D. Offer -4- SBLC OR BG
Some clients require Standby Letter of Credit or Bank Guarantee for the Import or Work Order or Guarantee Issues. In this case we can issue the SBLC and BG from the third party below Banks;
1. Standard Commerce Bank
2. Europa Bank , UK
3. Pacific eagle, New Zealand
4. Bank Leumi, USA
5. Bank Winter, Austria
6. HSBC, Singapore, UK
Requirements
1. Pro-forma Invoice or Verbiage from Bank with work order details
2. Passport copy
3. NID copy
4. Trade license / incorporation certificate English copy
5. TIN copy
6. IRC copy English
7. SBLC APPLICATION FORM.docx
8. bank Statement -6 months
9. Draft issuance charge $200
Note that requirements can vary depends on bank.
Charges
For the bank listed above the charges are as below
• For 1-3 – charges are 6-7%
• For 4-5- charges are 7-8%
• For 6 charges are 9%
Procedure
After document submission;
• We issue the Draft BG/ SBLC
• Importer and Exporter will verify the draft l/c with their bank and send back to us with seal sign for confirmation.
• Processing charges will be paid in advance with the approved draft copy.
• After payment within 48-72 hours we will issue the final L/c through swift MT760 to the beneficiary bank.
• In case of failure to issue the L/C full charges will be refunded which will be followed by the agreement prior to payment.
