Import Trade Finance

Mainly includes Import Bill Advance and Shipping Guarantee


Import Bill Advance
Import bill advance is a kind of short-term finance offered by the bank to the importer according to his demand upon receiving the bills under the letter of credit and the import collection items;
Based on the fundamental settlement methods, import bill advance can be classified into import collection bill advance and the import bill advance under the letter of credit。

Shipping Guarantee
Shipping guarantee is a written guarantee signed by the bank and issued to the importer for picking up the goods from the shipping company in the case of arrival of cargo prior to the shipping documents.
Such a kind of trade finance is especially applicable in the case of short shipping voyage and arrival of cargo prior to the documents.