Back to Back Letter of Credit
After receiving a letter of credit (master L/C), our bank can issue another letter of credit (back-to-back L/C) for customer who is a trade intermediary and the principal beneficiary of master L/C, in accordance with the terms of the master L/C, to its supplier for the same lot of goods, so as to provide customers with a flexible payment solution.
Features and Advantages:
- With our dedicated bills team and the worldwide network of Bank of Communications, we can provide comprehensive, suitable and professional services tailored to our clients' needs in international trade transactions.
- Experienced bills team can help clients on the letters of credit / collection and other professional issues, to help resolve disputes on the bills, providing customers with reliable and flexible trade related services.
- By import and export trade financing, our bank helps importers improve the cash flow of and maintain the smooth operation of supply chain, and allows export enterprises to smoothly use the payment of goods received in the earliest possible time and at the same time transfer the risk on receipt and payment of funds.