• ImportTrades@CIMB

 

It is a commitment by a Bank on behalf of it customer (importer/buyer) that payment will be made to the exporter/seller provided that the terms and conditions of the Documentary Credit-i have been met.

It is the handling of inward documents (domestic/foreign) received from a Remitting Bank and/or seller for presentation to a buyer/importer, for either payment on sight or acceptance of usance Bills of Exchange for payment at a future date.

 

Is is an indemnity given by the customer, countersigned by the Bank, to a shipping company or its agent to allow the shipping company to release the goods to the customer without the presentation of the original Bill of Landing.

A service provided to buyers/importers by the Bank to facilitate clearance of goods from the airport or port of discharge.

The AB-i is a financing facility
extended by the Bank to a
customer to finance his
purchases.

A short term trade financing facility offered to customers to finance the purchase/import of goods

Contact Us
tradecontactcentre@cimb.com
1300 888 068