Export Letter of Credit

1. Introduction

With the service of Export letter of credit , DongA Bank  will implement the procedures for charging, tracking of money collection and  payment right after receiving of notice from foreign bank for import and export activities of Corporate. DongA Bank assures to inform the export letter of credit at soonest so that companies can stay abreast in business and planning.

2. Product features

• Be informed in a fast way via DongA bank system in the whole country.
• Be consulted about principles, custom of international trading,  conditions of L/C  to prevent of arising risks.
• Fast and accurate checking of documents, as well as informing at soonest to Corporate for document adustment ( if any)
• Export financing in form of documents discount, high discount rate and reasonable  interest rate.
• Simple procedure, with fast demanding the return of money.
• Low charge

4. Documents

• Emport L/C and adjustments (if any)  
• Representation letter of export documents ( according to form by DongA Bank), Bill of exchange (if any, form by DongA Bank)
• Export document of corporate
• Contract of discount for export documents ( if discount, according to form of  DongA Bank) 
   

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Other Products and Services

• Outward Remittance
  
• Inward Remittance
  
• Import Collection
  
• Export Collection
  
• Import Letter of Credit
  
• Transferable Export Letter of Credit