Letters of Credit | Import Solutions | HSBC Business Banking

 

Solutions for importers

Import Letters of Credit

It's vital that your suppliers meet your agreed contract terms before you release payment. Help secure your orders, minimize risk and improve your cash flow with an HSBC Import Letter of Credit.

Man reading a clipboard | HSBC Import Letters of Credit

A comprehensive solution your suppliers will trust

Help guarantee payment. Expedite shipment.
  • HSBC offers variable terms
  • Protects you as a buyer
  • Improves cash flow management
  • Minimizes financial risks to your business
Risk characteristics

Under a Letter of Credit, you are obligated to pay if the supplier presents compliant trade documents, even if the goods are damaged or do not meet your expectations. You can take additional steps to enhance protection by:

  • Verifying the supplier's reputation, financial standing and ability to produce the goods required
  • Obtaining samples of goods
  • Ensuring your Letter of Credit calls for a certificate of inspection from an independent inspection agency, certifying that goods meet the criteria of a clearly defined standard
  • Shipping Guarantee/Air Waybill Release. Take control of goods without presenting original copies of transport documents when goods arrive before the documents, avoiding additional storage fees or demurrage charges.
  • Pre-Set Exchange Rates and Forward Contracts/Options. Protect your business against future currency fluctuations by fixing an exchange rate upfront.
  • Import Loans. Allow you to bridge the gap between payment for imported goods and receipt of funds through subsequent sales.
  • Bankers Acceptances. Marketable and cost-effective, these time drafts provide an unconditional promise by the accepting bank to pay the face amount of the draft.

Contact an HSBC Trade and Supply Chain Specialist today.

Email us

The forms found on this page are only intended to provide you with an alternative to the printed forms currently supplied to you by the Bank. These forms can be completed and printed here on our web site. After the form is printed, it should be signed by an authorized signatory of your company and either faxed or mailed to:

HSBC Bank USA, National Association
Trade and Supply Chain Department
2 Hanson Place
Brooklyn, New York 11217

United States persons (including entities) may be subject to U.S. taxation on their worldwide income and may be subject to tax and other filing obligations with respect to their U.S. and non-U.S. accounts. U.S. persons and entities should consult a tax advisor for more information.

1 Customer service hours of operation are 6:00AM ET to 12:00AM ET.

Trade and Supply Chain transactions may be subject to credit approval. Other restrictions, including specific country regulations may apply. Foreign currency exchange rates may apply to certain trade transactions. Certain products and solutions may not be offered in every market.

Get started

When you are ready to begin, download the form below.

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Or call our dedicated Business Banking Customer Service1 at
877.472.2249

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800.898.5999

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