Product Definition  

　　After submitting documents under the letter of credit, HarbinBank will examine the terms and documents to identify any risks or discrepancies. We will then provide comprehensive services, including document review and forwarding for collection.

　　Product Features  

　　1. Meets exporters' needs for settlement and payment under a letter of credit by substituting the issuing bank's credit for the importer's commercial credit, thus providing exporters with a conditional payment commitment.

　　2. As long as the documents are of high quality, an unconditional payment commitment from the issuing bank can be secured, with the quality of the documents being entirely within the control of the exporter. 

　　Applicable Clients  

　　Exporters who are uncertain about or lack trust in the importer's credit status and seek a secure payment method may require an additional commitment from the importing bank.

　　Application Conditions  

　　1. Enterprises that are legally registered with a valid business license, having undergone annual inspections or possessing other valid documentation that verifies their legal operations and defined scope of business activities, and listed in the company registry.

　　2. Enterprises with strong credit standing and a genuine, legal, and compliant trade background.  

　　Processing Procedure

　　1. After the exporter (beneficiary) prepares the goods for shipment in accordance with the terms of the letter of credit, the exporter submits the export documents to HarbinBank. Following document review, HarbinBank sends them to the issuing bank or designated bank abroad for collection.

　　2. The foreign issuing bank presents the documents to the applicant of the letter of credit.

　　3. Upon maturity, the foreign issuing bank remits the payment to Harbin Bank, which then disburses the funds to the exporter.