Even under the best of circumstances, selling in the global market can be frustrating, especially when you have no access to reliable information and resources. ICICI Bank offers a wide range of export services designed to assist you in building on your strengths, so that your company can seize new business opportunities around the world. Routing all your export related transactions through ICICI Bank could eliminate many of your exporting hassles. ICICI Bank customers experience fewer delays in receiving payment, require less effort in locating collection information details, gain increased control over foreign receivables and experience improved cash flows. With our expertise and experience, we can structure and customise solutions for your specific requirements.

Export Packing Credit

We provide pre-shipment finance in the form of Export Packing Credit (EPC) to assist your cash flows when you are manufacturing or packing your goods for export from India. We provide EPC both in rupees as well as in foreign currencies. At ICICI Bank, your export finance requirements are carefully taken care of around your actual trading cycle allowing you to enjoy competitive interest rates and timely credit. Our solution managers will be happy to provide more information to you.

Export Bill Negotiation

We negotiate your export bills drawn under Letter of credit, if the documents are found to be strictly in terms with LC conditions. Alternatively, we negotiate under reserve, by cabling the LC to LC issuing bank for authorisation to negotiate despite the discrepancies, and also send the documents to the LC issuing bank for approval and payment. All these facilities come to you at competitive rates and world class service standards.

Export Bill Purchase & Discounting

Do not worry when your exports are not covered under Letter of credit. Against sanctioned credit limits, we can pay you the discounted value of your invoice, immediately on shipment. The proceeds will be credited to your account if the export documents are presented before cut off time at your ICICI Bank branch.

Rupee Advance against Export Bills

If you expect the currency of your invoicing to appreciate further and do not want to surrender your forex, we can offer you rupee advance against your export bills upto the due date of the receivables, subject to limit availability and RBI rules.

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Export Bill Collection Services

Concentrating your Documentary Collection activities with ICICI Bank, you can eliminate many of your exporting hassles. Not only will your international banking become much more uniform, you can experience fewer delays in receiving payment, effortlessly access collection information details, gain increased control over export receivables and efficient cash flow management. To help speed up your cash flows, ICICI Bank can purchase/discount your export receivables tied to your export bill collections subject to availability of credit limits.

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Bank Guaranteees

We issue Bank Guarantees in foreign currency on behalf of our exporters for approved purposes as defined under FEMA, subject to availability of credit limits or against 100% cash margin.

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Export LC Advising

With a correspondent banking relationship of more than 700 leading banks across the world, you can always insist that your Letter of credit are advised through ICICI Bank. Please be assured that your export LC will always reach you on time. We can also provide you with electronic LC advising through which full copy of all your LCs and its amendments reach through email. This will help you in better logistics management and enhanced accuracy in the preparation of documents. On request, we can preadvise LCs by telephone and fax so that you can start arranging your shipment immediately without even having to collect the LC. With our expertise, we can explain complex LC terms to you and your staff. This will help you to prepare your documents easily and error free.

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Export LC Confirmation

When you are not comfortable with the credit standing of an LC opening bank or if you are worried about the political climate or credit risk of the buyer's country, we are there to assist you with our LC confirmation services. Once we add our confirmation to the LC, you are assured of payment, subject to non-discrepant documents, irrespective of non-payment by LC opening bank. Even when LC does not provide for confirmation, we can assure you payment ( silent confirmation) subject to certain conditions. So what are you waiting for .. ? Ask your buyers for Freely Negotiable Lcs so that you have the control and flexibility to select your favourite bank for managing your export receivables. With ICICI Bank's confirmation services, you can eliminate the foreign bank and country risks from your export collections.