Export Letter of Credit (Negotiation)

Bank of China (Thai) Public Company Limited (BOCT) provides an Export L/C Service to ensure that exporters receive prompt payment from buyers through the bank credit commitments. This service is suitable for exporters who want to mitigate credit risks from L/C terms and conditions. BOCT's professionals conduct efficient document checking to verify the accuracy and completeness of all export documents and promptly inform the exporter of any errors or discrepancies to secure on-time payments.

1. BOCT can lower risks for you by conducting a pre-check of the full set of export documents to ensure compliance of the terms and conditions with Letter of Credit requirements.
2. High initiative, you can obtain an undertaking of unconditional payment from the issuing bank as long as you can guarantee the correctness of export documents.

1. Exporters who want to ensure that they receive payment for their goods and services when exporting to international customers.
2. Exporters who do not have an established relationship with their foreign customers or who are exporting to countries with high political and economic risks.

1. BOCT receives the original export documents submitted by the beneficiary.
2. BOCT checks the completeness and accuracy of the documents according to L/C terms and conditions.
3. BOCT sends the documents to the issuing bank for negotiation, tracks payment collection and updates from the issuing bank.
4. If payment is unsuccessful, BOCT tracks the matter with the issuing bank until the payment is settled.

Please refer to standard rates released by BOCT via: https://www.bankofchina.co.th/en-th/service/information/service-rates-and-tariffs/service-charges-for-export.html

1. Application for Processing Export Documents
2. Other original of documents as required by L/C
3. Original L/C