Three Tips For Importing Trade Financing

< p > aiming at the lack of collateral and guarantee means, it is difficult for small and medium-sized import enterprises to get the support of traditional financing. Commercial banks have launched various financing products to better meet the needs of enterprises' < a href= > http://www.91se91.com/news/index_c.asp > short-term financing > /a > demand.

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< p > < strong > delivery guarantee > /strong > /p >

< p > This refers to the fact that when an import enterprise opens a letter of credit, sometimes it is due to the short voyage of the ocean and the goods arrive first than the documents. In order to get the goods in time for production and sale and to avoid paying the high fee, the enterprise may require the bank to issue a guarantee for the delivery of the goods, to deliver the goods to the carrier first, and to return the original bill of lading to the carrier for a guarantee business.

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< p > in this business, an enterprise only needs to make sure that the original bill of lading is paid in time, and is responsible for paying the shipping company's receivables and compensation for the losses it may suffer. It can be written or guaranteed by the bank individually or jointly with the company to ship company's goods.

Its advantage is that it can help importers to pick up goods in time and avoid stagnation of ports, which not only speeds up capital withdrawal and saves port fees, but also helps to seize market opportunities and seize market opportunities.

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< p > matters needing attention: enterprises with "a href=" http://www.91se91.com/news/index_c.asp > delivery guarantee < /a > shall have the right to operate import and export business and have better credit standing.

Before processing the guarantee, the applicant must make a commitment in writing and agree to pay or accept the bill regardless of whether there is any discrepancy in the documents.

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< p > example: a a href= "http://www.91se91.com/news/index_c.asp" > foreign trade enterprise < /a > import a batch of mineral products from Southeast Asia, the goods have arrived at the port, and the shipping documents have not yet arrived.

In order to take delivery as early as possible, the enterprise applies for a guarantee of delivery to a commercial bank with the copy of the bill of lading, and gets the support of the bank, so as to achieve prompt delivery.

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< p > < strong > import bill > /strong > /p >

< p > refers to the short-term financing business of a bank on behalf of an importing enterprise to advance the import payment under the import letter of credit or the import collection.

By way of settlement, it can be divided into import letter of credit bill and import collection bill. According to currency, it can be divided into foreign currency bill and RMB negotiation. According to the source of advance payment, it can be divided into self financing outward payment and overseas interbank loan.

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< p > as a special financing business, import bill is used to fulfill the duty of external payment under specific trade, and the proceeds from sales are the main repayment sources.

The advantage is that the importers can pay the import money in advance, so that they can not complete the processing and sale of goods and facilitate capital turnover if they do not have the pressure on capital. Moreover, importing enterprises can apply for Renminbi financing in exchange rate fluctuations and purchase foreign exchange before the sale of imported goods to avoid exchange rate risk.

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< p > note: enterprises applying for import bills must have the legal person qualification and the right to import and export business. They have a complete financial management system and a production and sales network.

At the same time, enterprises should open accounts in Renminbi or foreign currencies in the bank, maintain stable settlement business with banks, and have the ability to repay debts and payments on time. Enterprises should import commodities within the main camp, and have normal and reasonable sales channels and reliable funds to withdraw their resources.

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< p > example: a bank should apply for an open letter of credit at US $5 million at the request of an import trading company.

After the arrival of the documents under the letter of credit, the company applies for an import bill to the bank.

Upon examination, the documents arrived are full set of documents of title under the letter of credit and are in conformity with the requirements of the letter of credit.

Because the company is a key customer of bank trade financing, the bank has a credit limit of 10 million US dollars for its import bill, which can be directly handled according to the regulations.

In this case, the company issued a trust receipt to the bank and signed an import bill.

After that, the bank paid the external payment on behalf of the company.

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< p > < strong > remittance financing > /strong > /p >

< p > This refers to the short term financing of products imported by the importing enterprises on behalf of the importing enterprises in the form of cash on delivery settlement and effective documents and commercial documents under the remittance remittance.

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In terms of product advantage, remittance remittance can help importers to obtain property documents, pick up goods and resell them in time without immediate payment of goods. P

Moreover, by changing the payment term from the forward to the spot, or shortening the time limit for the forward payment, it can help importers to enhance their bargaining power with foreign exporters.

Foreign trade enterprises engaged in import business may encounter cash flow problems when importing a cargo, or find other investment opportunities before payment, and no positions can be mobilized in their hands. If these problems are encountered, remittance and remittance can be readily solved.

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Note P: the amount of the remittance financing generally does not exceed the amount of the import declaration of the goods under the import contract. If there is a prepaid clause in the import contract, the amount of the financing is deducted from the pre payment amount.

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< p > example: a foreign trade enterprise imports a batch of mineral products on the basis of cash on delivery settlement. Because there are new investment opportunities and higher expected yield, and the enterprise's own funds can not turn around, it is decided to apply for remittance financing to the bank where the bank opens to maximize the capital gains.

Audited, the bank in the credit limit for the enterprise external payment.

When the remittance financing is expired, the enterprise pays back the amount to the bank.

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