Import

Import Bills under Collection

• Bank of Baroda provides handling of import bills on collection basis and sending the import bill payment thus enabling hassle free routing of import documents by Indian customers, through its vide network of more than 220 AD branches in India as well as its world-wide correspondent bank network.

Import Letter of Credit

• Bank of Baroda’s LC carries wider acceptance, due to its wide network of overseas branches and correspondents. Bank’s Import LC provides BOB's payment assurance to overseas seller on shipment of goods to Indian Buyer at sight /usance as per terms of sale contract enabling Indian buyer to obtain better terms as well as credit period from overseas seller

UPAS LC (USANCE PAYABLE AT SIGHT LC)

• An UPAS LC is an import LC that pays overseas seller at sight and allows credit terms to Indian Importer. It promises to pay the LC amount to the seller's Bank/ financing Bank on the due date of Trade Credit along with interest. BOB customers can open UPAS LC in favour of overseas branches of BOB as well as other Banks

TRADE CREDIT THROUGH SBLC

• Through issuance of SBLC, Bank of Baroda enables its Indian importers to obtain foreign currency funding from BOB's overseas branches at competitive rates to finance their imports, up to the operating cycle.