Import Collection

Name: Ngân hàng thương mại cổ phần Phương Đông
Address: Tòa nhà 41 (tầng trệt, lửng, lầu 1, lầu 2) và tòa nhà 45 Lê Duẩn - Phường Bến Nghé - Quận 1 - TP Hồ Chí Minh, Hồ Chí Minh, HCM, 700000, VN
Telephone: +84 1800 6678
Price range: $$$

This is form in which the exporter (overseas), after delivering the goods to a partner in Vietnam, requires the bank to present a set of documents through OCB for OCB to send to the customer (importer) in Vietnam for immediate payment (Documents against payment - D/P) or deferred payment through the form of acceptance of bill of exchange (Documents against Acceptance - D/A).

CUSTOMERS

Customers who are enterprises that import goods and materials from abroad and make payments by D/A and D/P methods.

Product characteristics

Credit limit

Customers do not need OCB to grant a credit line if there is no need for payment financing

Low cost

Compared to Letter of Credit (L/C)

Delivery of documents

The collection of documents will not be given to the customer who is importing the good until that customer has either paid (if the transaction is being handled as a D/P) or signed to accept the bill of exchange at maturity (if the transaction is being handled as a D/A).

Benefits for customers

Low cost (compared to L/C).
Free consultation from OCB on request
Financial support from OCB to pay for imported goods by collection method when customers meet OCB's credit conditions.

Legal records
Foreign trade contracts
Import license/quota (for items requiring an import license/quota)
Other documents (if any)

Registration procedure

Please kindly fill in the form with your information, we will contact you in soonest time.

Categories

Letter of Credit

Domestic Letter of Credit (L/C)

Domestic UPAS L/C (Domestic Usance payable at sight Letter of credit)

Import Letter of Credit (L/C)

UPAS L/C (Usance payable at sight Letter of credit)

Bills Collection

Export Collection