Introduction
Advice of L/C means the notification of the received L/C or its amendments to the beneficiary by Corpus Bank.
Features
The product can help the beneficiary (exporter) under the L/C timely receive the L/C or its amendments verified of their genuineness.
Target Customers
Beneficiary under L/C
Application Qualifications
- The applicant shall hold a business license of legal person that has passed the annual inspection or other valid certificates which fully prove its legal operation and scope of business;
- The applicant shall have the qualification to engage in import and export trade.
Process
- After Corpus Bank receives the foreign L/C or its amendments, it will verify its genuineness by checking the specimen/stamp or test keys;
- Corpus Bank will notify the beneficiary the L/C or its amendments, advise the beneficiary of potential risks in the L/C terms.