Import Guarantee
Import Guarantee provides payment guarantee to foreign suppliers and assists local manufacturers in the purchase of facilities, equipment, spare parts, and raw materials from abroad.
I.Applicants
Duly registered local manufacturers or trading companies of scale
II.Guarantee Conditions
- Method of Guarantee: Issuance of letter of guarantee or stand-by L/C
- Guarantee Amount: To be determined on a case-by-case basis by Eximbank depending on the applicant’s transaction contract.
- Guarantee Fee Rate: Determined on a case-by-case basis depending on the guarantee amount, guarantee period, and customer credit.
- Currency: According to the currency stipulated in the transaction contract.
- Security: Collateral or guarantor approved by Eximbank.