Vietcombank negotiates with or without recourse your export bills under sight L/C or usance L/C not exceeding 360 days.
L/C export bills negotiation with recourse
Vietcombank advances at your request; and repayment is expected to come from foreign bank. In case the foreign bank does not effect payment at due date, you will pay Vietcombank the advanced amount.
L/C export bills negotiation without recourse
Vietcombank purchases the bills on the terms agreed with you. In case the foreign bank does not pay at due date, you are free from repayment.
Receive money immediately when presenting documents to Vietcombank;
Enhance competitiveness through granting credit to importers;
Have competitive prices, interest rates and advance percentages from Vietcombank;
Simple and convenient procedures;
Get advises on making sure the documents are compliant with the terms and conditions of the L/C and international practices, thus minimizes the possibility of dispute.