Introduction

The “UPAS L/C – Usance L/C Payable At Sight” can satisfy requirement of both importer and exporter. With UPAS L/C, the negotiating bank can advance funds to the exporter after their shipment and presentation of the complied documents, while the importers can pay on maturity.

Target customers

The corporate customers having demand of importing merchandise, machine, equipments and parts, and meet the conditions for opening usance L/C according to the prevailing regulation of IVB and the State Bank of Vietnam.

Benefits

To importers

- Receive goods and enjoy longer payment tenor.

- Purchase goods with lower price as seller gets payment right after shipment.

- Able to approach the low financing cost from negotiating bank.

To exporters

- Able to get payment right after shipment.

- Able to offer good sale price to buyer and thus improve market position competitively.

Please contact IVB branch for further information