IMPORT LETTER OF CREDIT
Assures payment when the seller's documents meet the conditions in the Letter of Credit
Provides assurance to seller
Assures the seller of payment by relying on OCBC's credit worthiness.
Assures the seller of payment by relying on OCBC's credit worthiness.
Documents check
Leverage on OCBC's expertise to check documents.
Leverage on OCBC's expertise to check documents.
Pay only against complying documents
Stipulate documents to be presented and other terms and conditions as per the sales contract.
Stipulate documents to be presented and other terms and conditions as per the sales contract.
Step 1
Pre-shipment
Step 2
Pre-shipment
Step 3
Pre-shipment
Step 4
Post-shipment
Step 5
Post-shipment
Step 6
Post-shipment
Apply for Import Letter of Credit online
Save time with your templates. Customise transaction templates for regular transactions with your suppliers and buyers.
Track transactions in real time
Get an overview of your trade finance portfolio and obtain status updates of your trade finance applications submitted via OCBC Velocity.
Quicker processing without the need for hardcopy documents
Submit your supporting documents online for quicker processing.
View your transaction history instantly
Retrieve an electronic version of your advices anytime, anywhere on OCBC Velocity.
Go Digital
Don't have OCBC Velocity?
Apply for OCBC Velocity and manage your trade finance portfolio on-the-go.
Trade transaction application
Log on to OCBC Velocity to apply or submit your completed application form to our Business Banking Service Desk.
Fees and charges
Fees and charges would depend on various factors such as transaction amount, tenor, currency and so forth.
Trade services cut-off time
Same day processing if your application is submitted by 5pm (for application that are in order).
or call us at +603 8317 5200.
Monday to Friday 9am to 6pm
(Excluding public holidays)
Shipping Guarantee / Air Waybill
Take the delivery of the goods before receipt of the Bill of Lading / Air Waybill
Trust Receipt
Free up your funds for business purposes
Invoice Financing (Purchase)
Finance your purchases for better cash flow management
Best Services (Asian Banks) 2021
Asiamoney Trade Finance Survey
Best in Treasury and Working Capital-SMEs – Malaysia 2021
The Asset Triple A Treasury, Trade, SSC and Risk Management Awards
Best Sustainable Trade Finance Solution in Malaysia 2020
Alpha Southeast Asia Best Deal & Solution Awards
If you have a trade finance facility with OCBC
Please log in to OCBC Velocity to apply for an import Letter of Credit