• Import Trades@CIMB

 

An irrevocable undertaking by CIMB (Issuing Bank) made on your behalf (importer/buyer) in favour of your exporter/seller to honour a complying presentation.

 

An import facility extended by CIMB to finance your purchase of goods on DC or collection basis.

 

An import facility extended by CIMB to finance your purchase of goods on open account or advance payment basis.

Handling of inward documents (domestic or foreign) presented by a remitting bank or directly from your exporter for payment at sight or acceptance of usance Bills of Exchange for payment at a future date.

 

An indemnity presented by you (importer/buyer) and countersigned by CIMB, to a shipping company or its agent, to allow the release of goods to you without the presentation of the original Bill of Lading.

 

An irrevocable undertaking, subject to the URBPO, by CIMB (BPO Obligor Bank) made on your behalf (importer/buyer) in favour of the BPO Recipient Bank (your exporter/seller's bank) to honour a Dataset Match.

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