Description: BCEL helps you by inspecting and approving the L/C so that you can be sure that the bank of the importer is able to pay you for the goods in accordance with the terms and conditions which you and the buyer have agreed. This allows you to export worldwide with peace of mind and without having to worry that the goods won’t be received due to risk factors associated with the reliability of the bank or country of the buyer.

Benefits:

  • You can receive notice from the bank immediately it receives an L/C.
  • The bank can help you check that the L/C is correct and offer advice.
  • You also receive support from the bank in terms of credit to export according to the special conditions and interest rates.
  • Exporters can feel certain that when they export goods in accordance with the terms of the L/C, they will be paid.

Terms of Service: Exporters simply notify the overseas buyer to apply for an L/C at the bank using SWIFT CODE: COEBLALA.

Further Queries: Should you have any further queries, contact our Letter of Credit Section on tel: 021-213200 ext. 211, 213, and 204.

Description: Packing credit is one of the policies to promote domestic production for export by providing short-term credit to provide cash flow to help you purchase raw materials and produce goods for export. Simply present documents relating your purchase agreement between yourself and the supplier, such as your L/C, purchase agreement, and quotation or purchase order, and you have the right to request packing credit so that you can export easily.

Benefits:

  • Exporters can receive financial support, allowing them the cash flow needed to run their business smoothly and with continuity.
  • Packing credit can be approved as fast as necessary.

Terms of Service: You must have a purchase agreement and a quotation and you have to inform the bank of your objectives regarding the packing credit.

Further Queries: Should you have any further queries, contact our Letter of Credit Section on tel: 021-213200 ext. 211, 213, and 204.

Description: This is another service to help exporters operate more smoothly. You can receive the payment for your goods in advance from BCEL without having to wait for the buyer’s bank to invoice the buyer in accordance with the L/C. This is an option for those who wish to use this short-term credit from BCEL while the products are being transported to the supplier or while you are waiting for payment for the goods from the buyer’s bank after receiving the payment invoiced.

Benefits: You can receive payment to use as cash flow faster without having to wait for the deadline specified in the export bill in accordance with the L/C.

Terms of Service: Exporters must deliver the goods in accordance with the L/C, which specifies the deadlinefor paymentand export documents as specified in the L/C.

Further Queries:Should you have any further queries, contact our Letter of Credit Section on tel: 021-213200 ext. 211, 213, and 204.

Description: This service makes it easy for exporters or goods and services to receive payment for their exports in advance from the bank before knowing about the results of the invoicing from the buyer’s bank. The bank buys the export documents and credits your account before proceeding with the invoicing process using the export documents.

Benefits: Exporters receive cash flow for use in the short-term while waiting for the invoicing in accordance with the export bill from the overseas buyer. The exporter therefore receives the money faster.

Terms of Service: Exporters must present an export bill in accordance with the exported goods, a request to buy the export documents in accordance with the exported goods, and a notice of the price of the goods.

Further Queries: Should you have any further queries, contact our Letter of Credit Section on tel: 021-213200 ext. 211, 213, and 204.

Description: This is a service which makes it easy to receive payment from overseas buyers for goods and services and ensures that you will be paid. The bank invoices the overseas buyer’s bank in accordance with the export documents and follows up on the payment.

Benefits:

  • The bankacts as a representative in invoicing for the exported goods.
  • This reduces the time you have to spend following up on payments.
  • You do not have to have credit from the bank.
  • You can receive payment for the exported goods fast.
  • The exporter can feel certain about the invoicing system in which the bank acts as a representative and the exporter can not receive the documents from the bank if they have not first paid the bank conducting the invoicing in full.

Terms of Service: Exporters must have a legally valid export license, put together the relevant documentation, and fill in an invoicing request form as specified by the bank.

Further Queries: Should you have any further queries, contact our Letter of Credit Section on tel: 021-213200 ext. 211, 213, and 204.

Description: This service makes it easy for you to transfer credit to make your business run more smoothly. You can transfer an L/C in the event that you are an intermediary exporter and wish to order goods from domestic and/or overseas suppliers or you are a producer but your production capacity is insufficient or too slow to meet demand. You have to transfer the goods to another affiliated producer to export in your place without having to conduct business to repay the debt.

Benefits:

  • This can make things easier for exporters and make your business run more smoothly and with more continuity.
  • Exporters can receive production support from other producers to guarantee your goods for export are sufficient.
  • This means that producers of goods for export (second beneficiary) can feel sure that they will receive payment for their goods and increases trade opportunities for exporters in the event that an exporter is unable to produce a sufficient quantity for the purchase order.

Terms of Service: Exporters must present a legally valid export license. It must be a transferable L/C with the word ‘transferable’ written on it.

Description: Exporters and buyers who have had a sales-purchase relationship for a long time and trust each other can agree for payments to be made by bank transfer into the exporter’s account. When the bank receives the transfer, the exporter will be notified immediately.

Benefits: This saves time and money and is easy to do. For exporters such as this, it is a secure method of payment.

Terms of Service: You simply need to send a request or invoice to the buyer asking them to transfer the payment to your account, giving them your account number and the following SWIFT code: COEBLALA.

Description: Our bank offers you this service to allow you to transfer the right to receive part of a payment specified in an L/C to any customer, who will become the beneficiary in your place. This service helps you to use L/Cs from buyers to make payments to suppliers or factories in the event that the L/C does not have the word ‘transferable’ written on it. When the bank invoices you in accordance with the L/C, it will transfer the amount into the account of the beneficiary as you specified, allowing you in the meantime to purchase raw materials or order the production of goods easily and you do not have to conduct business to pay for new capital.

Benefits:

  • This increases marketing opportunities for exporters.
  • You can contact domestic producers to conduct production in your place to ensure a sufficient quantity is produced on time.
  • This does away with the problem of signing transfer agreements and paying producers for the goods as the bank helps the exporter by transferring money to the producer accurately and in full according to the right to payment transfer agreement.

Terms of Service:Exporters must present a legally valid export license and hold a right to payment transfer agreement