Letter of Credit (L/C) is a written undertaking from the issuing bank 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.
For importers, you may apply to the Bank of Nanjing for the issuance of an L/C in favor of your export customer. L/C can improve your bargaining position in a negotiation, give warranty of your cargo and reduce your financing costs vis-à-vis upfront payment.
For exporters, you may present your L/C to Bank of Nanjing for advice, examination and negotiation.
The following information is for your business partner and/or the related bank to issue L/C with the beneficiary of our bank. And we promise to advise you as soon as possible.
BANK OF NANJING
288# ZHONGSHAN ROAD 210008，NANJING CHINA