Offshore Exports
TRADE SERVICES - BOC OFFSHORE BANKING DIVISION
Counting 77 years in the Banking field with a large network of branches, locally and internationally, we cater to our nation. The import and export stream play a major role in our Bank. Our correspondent relationships with Banks worldwide have grown from strength to strength which proves our global presence. There by easing our way towards the import/export business. Our professional Trade Team expertise is there to guide our customers. Extensive hours of business, friendly atmosphere, courteous and speedy services are provided
- Business enterprises approved by the Board of Investment of Sri Lanka
- Non residents companies/Individuals
- Foreign currency Banking units/Exchange Houses
- Resident/ Companies approved by Exchange Control Department of Central Bank of Sri Lanka
Benifits to the Customers
- Free from normal Exchange control regulations
- Export tax benefits
- Free of customs duty
- Attractive interest rates on borrowings when compared to local currency
- Exchange rate fluctuations will not effect the investor
Documentary Credits (Letters of Credit)
EXPORT BILLS – NEGOTIATION / COLLECTION (ON APPROVAL BASIS)
- Export Letters of Credit are scanned and sent to customers instantly
- Documents are checked by our Professionals to ensure LC terms complied
- Processing, Authorization and dispatching of Documents are done on the same day
- Monitoring payments
- Payments received are credited to the customer’s account on the same day
- Necessary Status Reports of Buyers are obtained by reputed Companies
- Customer is informed of courier details via email
- Documents also could be tracked
Documents against Payment / Documents against Acceptance
Export Bills – Collection/Purchase/Invoice Discounting (Open account)
- Documents are checked with the Invoice and Transport Document
- Document processed, authorized and dispatched on the same day
- Customer is informed of courier details
- Payments will be monitored and customer will be informed accordingly
- Payments received are credited to the customer’s account on the same day
- Documents could be tracked
