1. IMPORT L/C

If you are an importer and your partners prefer a safe payment method, Indovina Bank Ltd. (IVB) will issue an L/C and transfer payments to foreign partners upon receipt of the legal set of deliver documents. This service will be provided in promptly and economically manner.

Benefits:

Free-of charge consultancy on import contracts and procedure for opening L/C.

L/C received within 8 working hours.

Free-of charge consultancy on International commercial practice and regulations as well as special conditions of L/C to minimize risks during business.

Documents checked for validity.

Financial support through import-financing programs.

Documents required:

Legal documents required by L/C.

Request letter of issuing L/C (IVB form).

Trade contracts.

Import license/ quota (for goods that require import license/quota).

2. EXPORT L/C

As a Swift system member since 1993, IVB is totally proud of its international payment reputation. Ask your L/C issuer to select IVB as the bank of L/C advice and as confirming bank, our L/C Export Service will serve you in timely and safely manner with the most competitive fees.

After exporting, your documents will be assisted in checking and making amendment (if any), negotiating for discount (in case requested) and sending the documents overseas for payment.

Benefits:

Free-of-charge consultancy on and instruction about preparing Documents against payment, ensuring the legitimacy of documents and thus, payments.

Financial support through export financing programs with preferential conditions and interest rates.

In order to inform export L/C through IVB, customer needs to provide the following information to foreign partner:

Customers can find the list of IVB correspondent banks for your reference, and then select the bank of L/C issuance in order to reduce the cost of L/C advice.

Documents required:

Legal documents.

Original copy of L/C and amendment (if any).

Trade contracts.

Documents required by L/C.

Document presenting letter/Request letter of Export Bills Negotiation.

3. IMPORT COLLECTION

For importing customers using collection method and looking for a collecting bank to receive documents from foreign country, inform customers and make payment to foreign parties as instructed, with the advantage of trade services since 1993, IVB will satisfy your needs in a timely manner with the most competitive fees.

With over-16-year experience in trade finance (joining Swift system since 1993) and with the network of about 400 correspondent banks all over the world, customers and foreign partners will be satisfied with the quality of services from IVB.

Benefits:

Free-of-charge professional consultancy in order to minimize risks and expenses.

Quick processing procedure.

Financial support through Import financing programs.

Safe and confidential service for customer.

Documents required:

Legal documents.

Sales contracts.

Import license/ quota (for goods that require import license/quota).

Documents that confirm loan registration, foreign loan payment from the State Bank in (case the due time of the contract is under 1 year).

Bill of exchange accepted for payment by customers (for D/A documents).

4. EXPORT COLLECTION

As an exporting company using collection method, you can utilize IVB export collection service. IVB will transfer your documents oversea for collection, follow up the receiving process, remind your partner for payment and credit your account upon receipt of credit advice from foreign bank.

With over-16-year experience in trade finance (joining Swift system since 1993) and with the network of about 400 correspondent banks all over the world, customers and foreign partners will be satisfied with the quality of services from IVB.

Benefits:

Free-of-charge professional consultancy in order to minimize risks and expenses.

Quick processing procedure.

Financial support through Import financing programs.

Safe and confidential service for customer.

Documents required:

Legal documents.

Request Letter for collection.

Set of importing documents.

Sales contract (if any).