Agribank offers a comprehensive suite of export L/C services through its nationwide branch network, including:
L/C and L/C amendment advice: Agribank receives L/Cs and amendments from the issuing bank or the first advising bank, verifies the apparent authenticity, and advises it to the beneficiary or a second advising bank.
L/C and L/C amendment confirmation: Upon request, Agribank adds its confirmation to L/Cs, thereby undertaking to honour, accept, or negotiate payment provided that the documents presented are fully compliant with the terms and conditions of the L/Cs and relevant amendments.
L/C transfer: Upon instruction from the first beneficiary, Agribank transfers the transferable credit, either in whole or in part, to one or more second beneficiaries, in accordance with the original credit terms and applicable provisions of UCP 600.
Document examination and presentation under L/C: Agribank examines the presented documents to ensure compliance with the L/C and applicable international standard banking practices, then forwards the documents to the nominated bank along with a covering schedule and credits the beneficiary’s account upon receipt of proceeds.
Negotiation of documents under L/C: Agribank negotiates eligible documents presented under sight or usance L/Cs (with a maturity not exceeding one year), offering negotiation with or without recourse.
Agribank offers a comprehensive suite of export L/C services through its nationwide branch network, including:
L/C and L/C amendment advice: Agribank receives L/Cs and amendments from the issuing bank or the first advising bank, verifies the apparent authenticity, and advises it to the beneficiary or a second advising bank.
L/C and L/C amendment confirmation: Upon request, Agribank adds its confirmation to L/Cs, thereby undertaking to honour, accept, or negotiate payment provided that the documents presented are fully compliant with the terms and conditions of the L/Cs and relevant amendments.
L/C transfer: Upon instruction from the first beneficiary, Agribank transfers the transferable credit, either in whole or in part, to one or more second beneficiaries, in accordance with the original credit terms and applicable provisions of UCP 600.
Document examination and presentation under L/C: Agribank examines the presented documents to ensure compliance with the L/C and applicable international standard banking practices, then forwards the documents to the nominated bank along with a covering schedule and credits the beneficiary’s account upon receipt of proceeds.
Negotiation of documents under L/C: Agribank negotiates eligible documents presented under sight or usance L/Cs (with a maturity not exceeding one year), offering negotiation with or without recourse.
Customer benefits
Competitive fee structure
Secured, efficient, and expeditious processing
Extensive network of correspondent banks worldwide
Expert advisory team with deep experience in trade finance
Financing solutions to support exporters' working capital needs
