A letter of credit is a payment commitment issued by the issuing bank to the beneficiary (or exporter) at the request of importer. When the beneficiary's presentation complies with the terms and conditions stipulated in the letter of credit, the issuing bank irrevocably undertakes to make its payment obligations to the beneficiary.
Business Scope:
1. Letters of credit with real trade background.
2.Letters of credit in USD, CNY, and EUR currencies are supported. For other currencies, please inquire via email: tf@cbibank.com.
The beneficiary must open a corporate account in our bank.
Email：tf@cbibank.com
For more business questions, please send email to tf@cbibank.com, it is recommended to provide the following information in the email: your company name; contact name; contact phone number; email address; the specific questions about the letter of credit, etc.
Import Collection:
As a collecting bank, CBi Bank will receive and handle documents according to instructions of the remitting bank, and documents will be released to drawee only after the drawee has accomplished the payment or acceptance or other delivery conditions as instructed by the remitting bank.
Export Collection:
As a remitting bank, CBi Bank will send documents and instructions to the collecting bank at the request of our customers, the collecting bank will handle documents according to our instructions, documents can be released to drawee only After the drawee has accomplished the payment or acceptance or other delivery conditions as instructed by CBi Bank.
We support import collection and export collection in USD, CNY, and EUR currencies. Please inquire via email for other currencies.
Business Scope:
Import collection and Export collection in USD, CNY, and EUR currencies. For other currencies, please inquire via email: tf@cbibank.com.
1. The cost is lower than letters of credit, save money for you.
2. The procedure is easier than letters of credit, save time for you.
3. the risk is less than sales on credit, buyer can only obtain documents after payment or acceptance.
Email: tf@cbibank.com
For more business questions, please send email to tf@cbibank.com, it is recommended to provide the following information in the email: your company name; contact name; contact phone number; email address; the specific questions about the letter of credit, etc.
A letter of guarantee, also known as a "guarantee", is a written commitment issued by the guarantor bank to the beneficiary at the request of the applicant to ensure that the applicant will performs its obligations under the underlying contract signed between the applicant and the beneficiary. CBi Bank can provide advising services of letters of guarantee for our customers.
There are many types of letters of guarantee and they have a wide range of uses. They can be applied to the trade of commodity, labor service, technology; project contracting and construction; import and export customs declaration; financing from bank; leasing of large complete sets of equipment; and performance of various contractual obligations; etc.
The most used guarantee types include bid guarantees, advance payment guarantees, performance guarantees, payment guarantees, financial guarantees, etc.
Business Scope:
Advising of letters of guarantee in USD, CNY, and EUR currencies. For other currencies, please inquire via email: tf@cbibank.com.
Email：tf@cbibank.com
For more business questions, please send email to tf@cbibank.com, it is recommended to provide the following information in the email: your company name; contact name; contact phone number; email address; the specific questions about the letter of credit, etc.
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