Letter of CreditThanks to our extensive correspondent network, we offer letter of credit on behalf of our importer clients, providing competitive cost and prompt service.We eliminate the risk of non-payment of the cost of goods by adding confirmation to the letter of credit opened on behalf of our export customers. We provide financing before the date by discounting the confirmed / unconfirmed usance export letters of credit.• At Sight Payment L/C• Deferred Payment L/C• Acceptance L/C• Standby L/C• Mixed Payment L/CStandby L/CSuch letters of credit shall be opened as an assurance that payment will be made if the importer does not fulfill the obligations / payments. Standby letters of credit provide a compulsory payment guarantee upon the declaration by the beneficiary that the importer / applicant does not comply with the terms and conditions of the standby letter of credit.• Commercial Letter of Credit• Advance / Advance Payment Guarantee Letter of Credit• Performance Guarantee Letter of Credit• Other collateral letters of creditBank GuaranteesFor onshore / offshore transactions, bank guarantees are a non-irrevocable undertaking for the beneficiary located onshore / offshore that our bank, as a guarantor bank in favor of our customers, will be paid a certain amount of money if any contract / commitment is not met.If the commitment is not fulfilled within the contractual period and in accordance with the contract between the parties, the amount requested in accordance with the terms of the guarantee shall be paid by the Bank. By giving an external guarantee / guarantee letter as the bank; We aim to provide flexibility and confidence in foreign trade / domestic operations of our companies.• Bid Bond, Tender Bond / Guarantee• Performace Bond / Guarantee• Advance Payment Guarantee• Credit Guarantee• Payment Guarantee• Other GuaranteesPacking Loan / Export LoanWe provide financing for short-term needs of our distinguished exporters before and after shipment. The repayment of the loan is carried out by the collection of exports through our bank.ForfeitingWe are funding before the payment date by discounting the receivables of drafts, bonds or letter of credits issued for the deferred export transactions with forfaiting.Advantages• Provides liquidity and increases your financing power.• Your credit limit is not used as it provides irrevocable financing.• It is cheaper than alternative financing methods.
Structured L/CWe are paying at sight by discounting usance letter of credit for any deferred imports of big trader companies from their sister companies via any ICBC branch abroad.
ICBC Turkey is a member of
All right reserved.