Our large network of branches and experienced staff ensure that your import documents are processed and settled without any delay. Our Product range include:

Issuance of Letter of credit

Letters of Credit are issued by us for our own clients as per credit arrangement.

Click here to download LC application form.

For enquiries including opening of Customer Account and arranging to LC Issue Facility do call our Trade Credit Officials on 00852-2523-5213, 2523-0016, 2523-3168 or email : vptrade.hk@statebank.com , trade.hk@statebank.com

Import Document Collection

We handle documents drawn on our customers sent on collection basis at attractive prices and in extremely efficient manner. For enquiries do call our Trade Credit Officials on 00852-2523-0016, 2523-3168.

Buyers Credit

Short Term Finance up to 360 days from shipment date provided to Indian importers in US$ or in other major currencies at very competitive LIBOR linked rates, under Letter of Undertaking (LOU) of branches of SBI and other major Indian Banks.

The applicants Bank should send LOU by authenticated SWIFT in the given format as per Annexure I After availing the facility the LOU issuing Bank/Branch should send acknowledgement of Debt by authenticated SWIFT as per given formats: Annexure II – for branches of State Bank of India. Annexure III – for Other Banks.

Quotes may be obtained from us by Fax (00852-2868-1966) or email : vptrade.hk@statebank.com or SWIFT:(SBINHKHH) For enquiries do call our Trade Credit Officials on 00852-2523-5213, 2523-0016, 2523-3168 or vptrade.hk@statebank.com , trade.hk@statebank.com

Finance for capital goods imports to Indian Corporates

We also offer longer term Buyers Credit for import of Capital Goods as per RBI directives usually up to three years as per the terms of the underlying Letter of Credit. Pricing is attractive and depends on the tenor of the loan and the currency in which the loan is sought.

LOU and Acknowledgement of Debt are same as that used for normal Buyers Credit up to one year and formats can be downloaded from our website:

Annexure I – Letter of undertaking to be issued by Applicant Bank. Annexure II – Acknowledgement of Debt for SBI Branches. Annexure III – Acknowledgement of Debt for Other Banks.

Service Charges for Trade Finance – Imports

Item Existing Charges Revised Charges LC Opening Charges ¼% for validity period of every 6 months or part thereof, Min. USD 60.00 0.25% for validity period of every 6 months or part thereof, Min. USD 100.00 Processing Fee (Back to Back LCs) ¼ % of the LC Limit Max. Charge USD 2,000.00 0.25% of the LC Limit Max. USD 2,500.00 Increasing Credit Value ¼% for validity period of every 6 months or part thereof, Min. USD 60.00 0.25% for validity period of every 6 months or part thereof, Min. USD 100.00 Extension of LC Period (Including Revolving LCs) Minimum charges USD 60.00 For extension of validity over six months ¼% for validity period of every 6 months or part thereof For extension of validity < 6 months Only minimum charge to be recovered 0.25% for validity period of every 6 months or part thereof, Min. USD 100.00 Revolving LCs Minimum charges USD60.00 Same as per LC opening charges plus on each reinstatement, ¼% for validity period of every 6 months (or part thereof) would be recovered on the reinstated amount Same as LC Opening Charges. On each reinstatement, 0.25% for validity period of 06 months or part thereof (on reinstated amount), Min. USD 100.00 LC Amendment (other than validity period or increase in LC Value) Flat commission of USD 60.00 USD 100.00 per amendment Discrepancy Fee USD 40.00 for each discrepancy USD 80.00 per discrepancy Retirement of Bills under LC Minimum charges USD 60.00 ¼% on the first USD 50,000 and 1/8% on the balance 0.25% upto USD 50K and 0.125% on the balance, Min. USD 100.00 Inward Bills for Collection Minimum charges USD 60.00 ¼% on the first USD 50,000 and 1/8% on the balance 0.25% upto USD 50K and 0.125% on the balance, Min. USD 100.00

For enquiries do call our Trade Credit Officials on 00852-2523-5213, 2523-0016, 2523-3168. email : vptrade.hk@statebank.com