Product Definition  

　　Packing loan refers to a type of pre-shipment financing provided by Harbin Bank based on the applicant's request under a letter of credit where the bank offers financial support within the credit limit granted to the client and with sufficient collateral, using the letter of credit as a control mechanism and the export proceeds under the letter of credit as the primary source of repayment to support the organization of goods for export.

　　Product Functions  

　　Provides a dedicated loan for preparing goods under the letter of credit before the submission of documents, with repayment derived from the export collections under that letter of credit.

　　Product Features  

　　1. Increases trade opportunities. If you have limited funds or prefer to minimize the use of your own capital, and foreign importers are unwilling to make advance payments, utilizing a letter of credit for settlement can enhance your transaction opportunities.

　　2. Relieves financial pressure. You can use a small portion of your own funds along with a packing loan from Harbin Bank to cover expenses for procurement, processing, transportation, and other pre-export costs. The loan can be repaid after receiving the export proceeds, allowing you to conduct large operations with limited capital.

　　Processing Procedure

　　1. You are required to provide a loan application, the original letter of credit and any amendments (with the authenticity of the original letter of credit and amendments confirmed by the notifying bank), the trade export contract, the upstream purchase and sales contract, necessary export permits or licenses, and any additional materials requested by Harbin Bank.

　　2. Upon assembling the documents under the letter of credit, you are required to submit them to Harbin Bank. Subsequently, you may utilize the export proceeds, export collections, or financing mechanisms such as export negotiation, forward letter of credit drafts discounting, receivables purchases, or forfaiting to repay the loan.