LC Advising Services
We undertake advising of LC’s issued by Indian Branches of State Bank of India, Associate Banks and several Public and Private Sector Banks to beneficiaries located in Hong Kong, Taiwan, China and in fact any where in the World. Our volumes are quite large and Banks / Applicants and Beneficiaries are satisfied with our services. We have an efficient enquiry desk which helps in tracking the LCs for the applicants and beneficiaries. We specialize in advising LCs to Banks/ Beneficiaries in Hong Kong, China, Macau, Taiwan, Thailand, and Korea through extensive network of test key arrangements with Banks in these centers.

For LC Advising Enquiry and Support Desks do call us on 00852-25971251, 25971255.

Confirmation of LCs

Confirmation by SBI Hong Kong reduces significantly the Credit Risk for Beneficiary and their Bankers. We add our confirmation to LCs issued by branches of SBI and other Indian Banks at a nominal charge.

For enquiries do call our Credit Officials on 00852-25971251, 25971255 or email: vptrade.hk@statebank.com , avptrade1.hk@statebank.com

Export LC Negotiation

We undertake negotiation of documents drawn under LCs of branches of State Bank of India in India and Abroad, all major Indian Banks, Banks located in other countries in Asia and rest of the world at attractive pre-negotiated prices depending on size of individual transactions and/or receptiveness of transactions requiring negotiation.

For enquiries do call our Trade Credit Officials on 00852-25971251, 25971255 or email: vptrade.hk@statebank.com , avptrade1.hk@statebank.com

Bills Discounting

Documents drawn under LCS of State Bank of India and other Indian Banks in India and other Banks located in South and South East/North Asia sent through us to the issuing Bank on approval basis are discounted by us on acceptance. Facility provided at most competitive LIBOR linked Interest Rates.

For enquiries do call our Trade Credit Officials on 00852-25971251, 25971255 or email: vptrade.hk@statebank.com , avptrade1.hk@statebank.com

Transfer of LC facility

Transferable LCs issued by reputed Banks are transferred by us to 2nd beneficiary and negotiations under the security of Master LC or Standby LCs issued by reputed Banks subject to credit arrangement.

For enquiries do call our Trade Credit Officials on 00852-25971251, 25971255 or email: vptrade.hk@statebank.com , avptrade1.hk@statebank.com

Issue of LC against LC (Back to back LC)

Back to Back LCs are issued under the security of Master LC or Standby LCs Issued by reputed Banks subject to credit arrangement.

For enquiries do call our Trade Credit Officials on 00852-25971251, 25971255 or email: vptrade.hk@statebank.com , avptrade1.hk@statebank.com

Credit facilities against LOU/ Bank Guarantees

Firms in Hong Kong/ Taiwan which are a Branch/ subsidiary/ associate of an Indian Company are given combination of various credit facilities under LOU/Guarantee given by Bankers of the parent company.

For enquiries do call our Trade Credit Officials on 00852-25971251, 25971255.