Upas LC (Usance Payable At Sight L/C)

Upas LC (Usance Payable At Sight L/C)

UPAS (Usance LC payable at sight) is a deferred payment method of documentary credit, in which the customer (the importer) can purchase goods with defered payment (up to 180 days) but the beneficiary (the exporter) can immediately get paid.
Discounting bill of exchange (B/E) with export documents.

Discounting bill of exchange (B/E) with export documents.

Discounting bill of exchange (BL) with export documents is a export financing method for customers, in which Vietbank will buy B/E wih recourse before the due date.
Import Letter of Credit (Import LC)

Import Letter of Credit (Import LC)

Based on customer’s (the applicant/the importer) application, the Vietbank issues the L/C in order to undertake to pay to the beneficiary (at sight/maturity) upon receipt of complied documents presented by the beneficiary.