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Export Trade Services
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Document Checking
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Export Financing
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Documentary
Collection
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For more information refer to the following
websites: |
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OCIPED-The
Omani Center for Investment Promotion and Export
Development |
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MOCI-Ministry
of Commerce and Industry |
Documents Checking
Our experienced and well-trained staffs offer
their expertise in the area of documents checking.
We ensure your documents are well attended to,
checked adequately and sent to their destination
free of discrepancies and within acceptable time
frame. Furthermore, we will ensure that acceptance
of documents is received on time, and payments are
made immediately or on maturity depending on the
payment terms of the Letter of Credit. In case any
discrepancy is found, we will advise you
immediately on the same day and we will also
provide assistance and advice in preparing
documents to avoid discrepancies in future.
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Export Financing
We provide financing to exporters under their
Letter of Credit or under Open Accounts. We
provide two types of financing:
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Pre
shipment- We offer finance at liberal terms
on the basis of pre-shipment guarantees issued
on behalf of credit insured customers by ECGA.
This guarantee allows exporters to get
continuous financial support in executing export
orders.
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Post
shipment- Financing of documents under LC
can either be with recourse or without recourse
to the beneficiary. We discount the bills at a
competitive rates, this provides exporters with
improved liquidity.
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Documentary
Collection
Documentary collection is a process where the
seller (drawer) forwards documents through his
bankers (remitting bank) with instructions to the
buyer’s bank (collecting bank) that the documents
be released to the buyer (drawee) on
acceptance/payment/written undertaking to pay on
due date of the bill. Documentary collections are
governed by internationally accepted guidelines
published by the ICC 522 OF 1995- Uniform Rules
for Collection (URC 522).
For further assistance please mail to:
tradefinance@bankmuscat.com
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