Trade

Import

Documentary Credit Issuance

We understand your wish to make payments only after receipt of the required documents. We can help you by issuing a documentary credit on your behalf and only making payment after receipt of titles and other documents that comply fully with the terms of the credit.

You can enjoy:

·	Same-day service - documentary credit issued on application date if received before 4 pm on a working day
·	Our special services - we can help you draft documentary credit terms and conditions and fax you a copy of the documentary credit if required on issuance date
·	Online application - you can send a documentary credit application to us by Business e-Banking or Hang Seng HSBCnet. You can save the $100 commission on every new issuance of import documentary credit made via Business e-Banking ^* !
*The offer is subject to change without prior notice. Hang Seng Bank Limited reserves the right to change the terms and conditions of the offer from time to time.

Back-to-back Documentary Credit

If you want to extend the guarantee of your export documentary credit to your supplier, we can help by issuing a Back-to-Back Documentary Credit against your export documentary credit. Once you submit your own draft and invoice, together with the other shipping documents presented by your supplier to secure payment under the export credit, you can quickly receive the export proceeds to pay your supplier and the balance credited to your account.

At Hang Seng Bank, we offer:

·	Professional advice - we will advise you of any hidden problems behind the terms of the master documentary credit and of the ways to mitigate the potential risks
·	Expertise service - we will help you tailor the terms of the back-to-back documentary credit to avoid possible documentation risks

Standby Credit

Hang Seng can help to provide payment assurance to your suppliers for open account trade by issuing a standby documentary credit. Your supplier (the beneficiary) can draw under the credit if necessary by simply providing a certificate of statement that a specific agreement has not been complied with.

A standby documentary credit may be used for many purposes, including:

·	to cover non-performance or default on a contract
·	as a form of guarantee by a parent company for credit facilities given to its subsidiaries
·	to support an importer's open account purchases
·	to serve as bid or tender bonds
·	to cover advance payment of a trade transaction

We can offer you:

·	Professional advice - we will give you advice on the risks and liabilities associated with different types of standby documentary credit
·	Expertise assistance - help you design standby documentary credit terms and conditions

Import Collection Bills

We can help you handle your collection bills and remit proceeds to your supplier through his/her banker for settlement.

You can enjoy:

·	A simple and cost-effective alternative to documentary credit
·	Prompt advice on receipt of documents and prompt fund transfer to your supplier
·	Availability of finance (import loan) from us for you to retire the bills (subject to approval)

Shipping Guarantee

We understand you may want to take delivery of goods before arrival of documents. We can help you by issuing a Shipping Guarantee to the shipping company. You can then take immediate possession of the goods for your business.

You can apply for and collect shipping guarantees at three conveniently located Trade Services Offices:

·	Hang Seng Tower, Kowloon Bay
·	Head Office, Central
·	Kowloon Main Branch, Mongkok

Benefits you can enjoy include:

·	Cost savings - Avoid storage and demurrage charges
·	Efficient service - Guaranteed to be issued within 12 minutes of receipt of application
·	Convenience - You may fax your application to us in advance and collect the guarantee at any one of our Trade Service Offices

Import Finance

We are pleased to help you with financing no matter what instrument you use - documentary credits, collections or T/T remittances.

We can extend an import loan to you for settlement of a bill drawn under documentary credit or collection. You can pay off the loan at a later date from the sales proceeds of the goods as agreed.

Benefits that you can enjoy with the import loan:

·	Flexibility - You may choose to book your loan in foreign or local currency
·	Improved cash flows – Helping you expand your business
·	Increased negotiation power – Helping you offer better payment terms
·	Caring service - We will remind you by mail before maturity and by phone on the due date for arrangement of funds to help you avoid unnecessary overdue payment interest

Simply open a Bills Account to experience our professional trade services. Click here to know more.

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