Letter of Credit (L/C) is a written undertaking that a bank is to pay the beneficiary an amount of money within a specified time, provided that the documents under the L/C are in compliance with the terms and conditions thereof are presented. 

Import L/C 

You may apply to the China Merchants Bank for the establishment of an L/C in favour of your export customer.

In case your goods arrive at the port prior to the documents, you may for our Shipping Guarantee.

Export L/C

L/C Advising:

·	CMB provides L/C examination for free, which may help you a safe and smooth reception of proceeds after the shipment.
·	Advising commission can be waived if documents under the LC are presented to us for negotiation.

L/C Bills Discount and Negotiation

·	You may present document under the L/C to CMB after shipment of the goods, and CMB will claim reimbursement after checking the documents and send tracers when necessary.
·	We may purchase a future payment due to you under the L/C. If documents are complied with the terms and conditions of the L/C, the advance that we make will not be deducted from your credit facility limit, nor do you need to provide extra security.
·	Even in case of documents not conforming to the provisions of L/C, CMB may still consider to grant you an advance if you have sufficient credit limit with the bank.