As an importer, no arrangement is better than receiving your goods before having to make payment to your supplier. However, this is rarely the case because your supplier wants to be sure of being paid. Amongst other things, you have to negotiate the payment terms and payment methods with them. Are your suppliers documents complete and in order so that you are confident to effect payment? How can you be sure of the delivery of the goods? One method of payment that provides protection to both you and your supplier is to have Standard Chartered issue a Letter of Credit for you. A Letter of Credit is a secure form of payment and Standard Chartered will only make payment if all the terms and conditions of the Letter of Credit are met. A Letter of Credit helps you control the payment terms and conditions and establish your creditworthiness with your supplier.


Turning the goods you import into cash takes time. You may need extra cash to maintain a healthy cash flow and ensure that your business runs smoothly. Standard Chartered can provide you with different kinds of financing facilities that back you up during the transaction period. A range of payment services is also available to speed up your payment process.


So you want to have some protection but not use a Letter of Credit? Import Collections can offer you and your supplier a degree of protection. Standard Chartered, with our team of experienced staff, and your supplier's bank will handle the documents for you. Collections are a safer alternative to "payments in advance" and do not require credit facilities. Standard Chartered is your helping hand for all your Import Collections.


Now comes the collection of your goods. Standard Chartered can provide Shipping Guarantees to make sure that you can collect your goods soon after they arrive, even if the Bill of Lading or other shipment documents have yet to be received.


How about import duties? Standard Chartered can help you defer your duty payment by issuing a Custom Bond in favour of the Customs Authority. You can then focus on the sale or re-export of your merchandise and remove your working capital needs.

Bank with us and you will benefit from

• over 140 years of solid experience supporting importers world-wide - Standard Chartered knows and understands your import needs
• full range of import services
• expert advice and assistance
• experienced and expert staff to handle all your import documentary needs
• efficient and speedy import document processing