Our branches in Hong Kong provide all types of services to meet your requirements of import finance.
Opening of Import L/Cs (Sight / DA)
If you are an importer, we offer range of services on documentary credits like opening of Letters of Credits (LCs) both on sight and on usance/DA basis. We also open back-to-back LCs under Master LC issued by buyer of our customers. Our LC will provide assurance of a well known international bank when you are dealing with unknown suppliers.
Trust Receipt Loans
TR loans are provided to bridge the gap between payment for goods imported under LC or documentary collection bills and receipt of funds through subsequent sales, thus giving our customers greater flexibility and liquidity. The goods are released to customers under trust receipts.
Import Invoice Financing
For customers who wish to import their products on Open Account terms, we provide Invoice Financing facilities. Such facilities are tailored to customers’ needs to carry out their import activities without using a Documentary Credit.
Collection of Import bills
By advising your supplier to send shipping documents to Bank of Baroda, you are ensuring efficient handling of your import documents with us and at competitive prices.
Credit facilities against LOU/Standby L/C
Firms in Hong Kong which are a branch/ subsidiary/ associate of an Indian Company can be granted credit facilities for meeting their export/import requirements, under LOU/SBLC given by bankers of their parent company.
To operate your business efficiently, it is vital that your goods be cleared expeditiously. By issuing a shipping guarantee in favour of shipper, Bank facilitates prompt clearance of goods until your bill of lading is received.
Bank of Baroda on behalf of importers/ other customers issues guarantees in favour of beneficiaries abroad. The guarantees can be both Performance and Financial.
For relevant forms, please see the Downloads page.
For enquiries, please contact
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