Buyer (Import Finance)

As a buyer, your main concerns are:

Securing your deals and getting your shipment

Depending on the agreement between both parties, you may choose to use one of the following trade finance services: Import Letter of Credit, Documentary Collection or Banker’s Guarantee / Standby Letter of Credit.

Import Letter of Credit
(Import LC)

Assures payment to your supplier if their documents meet the terms and conditions of your LC.

More about Import LC

Documentary Collection

Works well if both parties have a trusted relationship. Your supplier's bank sends the shipping documents to OCBC, which will be released to you under the terms described by the supplier's bank.

More about Documentary Collection

Banker's Guarantee /
Standby Letter of Credit

Assures your seller that you will fulfil contractual obligations.

More about Banker's Guarantee/Standby LC

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Avoiding demurrage charges

If your goods arrive in Singapore ahead of the shipping documents, you can collect the goods without the shipping documents and avoid costly demurrage charges.

More about Shipping Guarantee / Airway bill Endorsement

Managing your cash flow

Get financing for your purchases with our Trust Receipt or Invoice Financing (Purchase).

Trust Receipt

Pay for your shipments under Import LC or Import Documentary Collection at a later date.

Invoice Financing (Purchase)

Pay for your shipments under cash terms at a later date.

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