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

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

A trade finance solution that OCB grants credit to Clients who buy goods or services from Local Sellers under Domestic LC
Targeted clients
Client buy Goods or Services from Seller in Vietnam territory with payment term is L/C

Features of product

Usance Letter of credit with term of payable at sight
Usance Letter of credit with term of payable at sight which allow the Seller receives payment at sight  while the Buyer can make deferred payment  

Documents required

  • Application for issuing UPAS L/C  (as OCB’s form)
  • Sales contract and Annexes (if any)/Purchase Order
  • Other documents

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(84) 28 7305 6678