Ask for import letter of credit template 30, how to open an import letter of credit

Import letter of credit refers to the guarantee document issued by our bank to the beneficiary according to the application of the applicant for the issuance of the letter and the fulfillment of the payment obligation due with the prescribed documents. 1. Have the right to operate import and export, and be in the "Import Foreign Exchange Payment List" or hold the "Import Foreign Exchange Payment Record Form". 2. Have the capacity for civil conduct and the right to dispose of property, have a sound financial system, good credit, and strong performance ability.

3. Imported commodities comply with relevant national regulations, and corresponding approval documents must be provided if they are state-controlled commodities. 4. Provide a specified proportion of deposit. Required materials 1. Application for issuance.

2. Business license (required for the first issuance), import and export contract (** issuance agreement), import license 3, deposit entry certificate, Song family Liang Ming or other guarantee documents and other materials. Suggestions and Tips 1. The approval process can be simplified within the credit line of ** financing customers. 2. The import issuance business with full margin is regarded as low risk.

3. For eligible customers, our bank can reduce or exempt the issuance deposit. 4. It can be described as import bills, without occupying the new credit line of the enterprise.

Article 13 of the Measures for the Settlement of Domestic L/C The issuing bank and the applicant shall sign an agreement clarifying the rights and obligations of both parties before issuing the L/C. The issuing bank may require the applicant to deposit a certain amount of deposit, and may require the applicant to provide legal and effective guarantees such as mortgage, pledge and guarantee according to the applicant's credit standing. To apply for a letter of credit, the applicant must submit the ** contract signed with the beneficiary.

The issuing bank shall, in accordance with the ** contract and the application for issuance, reasonably and prudently set the payment term, validity period, document delivery period and effective point of the L/C.

1. The differences between export L/C and import L/C are as follows.

Import letter of credit refers to the letter of credit issued by the issuing bank to the beneficiary (foreign exporter) according to the application of the importer.

Export L/C refers to a series of services provided to the exporter by the bank where the exporter is located after receiving the L/C from the issuing bank, including notification of receipt of the certificate, receipt of orders, examination of documents, sending of documents, and request for foreign exchange.

Second, a specific overview of export letters of credit and import letters of credit.

Import letter of credit.

It mainly refers to the written commitment to ensure that within a certain period of time, with a full set of documents sent by the negotiating bank and the sender bank that meet the provisions of the letter of credit, and make external payments in accordance with the terms of the letter of credit. L/C is a relatively perfect international settlement method, due to the intervention of bank credit, for the exporter to collect money safely, the importer with qualified documents to pick up the goods provides a guarantee.

Export letter of credit.

There are three main applicable objects, one is to open various letters of credit, such as: sight letter of credit, deferred letter of credit, acceptance letter of credit, negotiation letter of credit, transferable letter of credit, confirmation letter of credit, revolving letter of credit, split letter of credit, etc.; The second is the business processing including: the third is the issuance, modification, document review, payment acceptance or refusal to pay, etc. (among them, there are two kinds of issuance: credit issuance and issuance with deposit); Financing business such as import bill billing, delivery guarantee, etc.; Assist importers in conducting exporter credit investigations, stocking and ship inquiries.

Legal basis

Administrative Measures for the Export Letter of Credit Business of the Industrial and Commercial Bank of China

Article 1 These Measures are formulated in accordance with China's laws and regulations, the relevant provisions of the People's Bank of China, the China Banking Regulatory Commission and the State Administration of Foreign Exchange, and with reference to international practice, in order to strengthen the management of export letter of credit business.

Article 2 The export letter of credit business mentioned in these measures includes the examination and notification of export certificates, the examination and processing of documents under the letter of credit, the sending of documents for foreign exchange and collection, the transfer of letters of credit and other related businesses and their processes and links. The Administrative Measures for Financing Business under Export Letters of Credit shall be provided separately. These measures do not apply to the processing of standby letter of credit business.

Article 3 These Measures are applicable to the export L/C business handled by the domestic branches of the Bank. The branches of our bank that have been approved to open international settlement business can handle the export letter of credit business. In order to prevent out-of-system operations, business review and approval items must be processed by the CM2002** financing subsystem, and business operations must be carried out in the international settlement business processing system.

1. The importer submits an application for issuance to our bank and fills in the Application for Issuance.

2. The importer shall provide recent financial statements, business licenses, import and export contracts, import licenses, and certificates of registration and other materials.

3. After the documents arrive, if there are inconsistencies between the documents or between the documents and the letter of credit, the importer shall make a decision to accept or not accept the documents in a timely manner.

4. After the documents arrive, if the provisions of the letter of credit are met, the importer shall pay to the bank in time.

Go to your issuing bank, he will give you a sample, make some adjustments according to your requirements, and then confirm it with the issuing bank.

Rest assured, the bank's people will be very helpful, but we must also understand the terms and conditions.

The letter of credit is not written casually, if you want to open a letter of credit, your issuing bank will naturally provide you with a sample format.