IMPORT LETTER OF CREDIT-i (MURABAHAH/WAKALAH)
Assures payment when the seller’s documents meet the conditions in the Letter of Credit-i
If you have a trade finance facility with OCBC Al-Amin
Please log in to OCBC Velocity to apply for an Import Letter of Credit-i.
For new customers
If you do not have a trade finance facility with OCBC Al-Amin.
Provides assurance to the seller
Assures the seller of payment by relying on OCBC Al-Amin’s credit worthiness.
Assures the seller of payment by relying on OCBC Al-Amin’s credit worthiness.
Documents check
Leverage on OCBC Al-Amin’s expertise to check documents.
Leverage on OCBC Al-Amin’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 an Import Letter of Credit-i 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.
Don’t have OCBC Velocity?
Apply for OCBC Velocity and manage your trade finance portfolio on-the-go.
or call us at +603 8314 9090
Operating hours are from 9am to 6pm,
Monday to Friday (Excluding public holidays)
Shipping Guarantee-i/Air Waybill Endorsement-i
Take the delivery of the goods before receipt of the Bill of Lading/Air Waybill.
Trust Receipt-i
Free up your funds for business purposes
Invoice Financing-i (Purchase)
Finance your purchases to improve your cashflow.