| Business : Start-Up
Business > Trade
Financing - Import |
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Long distance trading
can be a risky business. But with Maybank, you can reduce
or eliminate risk and develop trusting relationships with
your foreign trading partners at the same time when you
choose one of these facilities.
Trust
Receipt
This facility allows you to take delivery of your imports
before paying for them. You can then use the proceeds from
the sale of your goods to pay the Trust Receipt.
This offers you:
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- Increased control
over payment timing
- Improved cashflow
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Letter
of Credit
Maybank's Letter of Credit (LC) is a major payment
method in international trade because it benefits both parties
in the transaction. As the buyer, you don't have to pay until
the documents are received in good order. Your seller is also
comfortable because they will definitely be paid if they have
complied with the terms of the LC. |
- Trust because
payment will only be made if:
- All stipulated
documents are received in good order
- All the terms
and conditions of the LC are complied with
- Financing, which
can be arranged for bills under LC
- Reduced risk
for both commercial and foreign exchange
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Invoice
Financing
Maybank can finance your purchase/import invoices, which may
not be LC or Collection based, so you benefit from: |
- Easy financing
even though bills are neither LC nor Collection based
- Privacy as the
arrangement is between you and Maybank, and will not be
disclosed to the seller
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Shipping
Guarantee
If your original transport documents are not yet available,
Maybank can issue Shipping Guarantees to your shipping
and forwarding companies to release your goods first. This
is particularly useful for imported perishable goods, as you
can then take delivery quickly to: |
- Reduce or minimise
loss due to delays in the clearance of goods
- Avoid unnecessary
expenses like storage and warehousing charges
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Inward
(Import) Collection Bills
This payment method gives you flexibility at the negotiation
table as you agree on the payment terms directly with your
supplier. Maybank will then work closely with your supplier's
bank and acts as your representative in the transaction. In
addition, by financing your purchase through a Trust Receipt,
you may enjoy an extended period before paying for the imported
goods, ensuring: |
- Uncomplicated
and inexpensive transactions
- Pro-buyer situation
as you defer the payment until the goods arrive - or even
later if delayed payment arrangements are agreed upon
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| With
import financing made simple and friendly, your company can
grow healthily, because Maybank is always here for you. |