Import Trade
To expand your reach by finding potential sellers throughout the world, we are providing your importation solution in one place with a complimentary consulting service with our trade experts. We are now in the midst of attempting, with earnest efforts, to be one of the best banking service providers for the mutual benefit of our traders and ourselves.
Import Trade Services
- Import LC Issuing
- Amendment
- Cancellation
- Bill Collection
Features and benefits
- Secured and reduced financial risk
- Enhanced cash flows since you do not need to make upfront payment to the supplier
- Same day LC issuance
Requirements
- LC application form
- Request Cover Letter with Company Letterhead
- Sales contract
- Proforma invoice
- Import license issued by Ministry of Commerce (both original and copy)
- Undertaking for non-license (if necessary)
BILL COLLECTION SERVICES (DP/DA)
MD Bank is also providing bill collection services (DP/DA) to Importer.
BENEFITS
- Do not need to effect payment immediately when documents are presented under documentary collection
- Financing can be subject to approved trade facility credit limit
- Enjoy credit terms pre-approved by the Bank
- Applicant’s working capital or cash flow is not tied up and can be deployed for other business purposes
Rates and Fees
- Pre agreeable rate