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Import Relationship of Bank of Ceylon

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Documentary Credits
This is an undertaking by a Bank to make the payment against compliant documents giving comfort to the buyer with payment being assured to the seller if documents are presented in terms of the Documentary Credit.
Our international presence all over the world through over 1000 correspondent Banking relations with Branches being located in London, Male and Chennai will help you to carry out your International Trade transactions confidently with BOC.L/Cs established with BOC also carry our financial strength giving comfort to the Seller.
L/Cs are established to suit your requirements while complying with local exchange regulations, Sri Lanka standards etc. and our team of experts will advise you of the best trade solutions for your deal.

Foreign Funded Projects
Our expertise in executing Banking arrangements with the designated Banks in donor country will facilitate the implementation of Grants/Loan Agreements between the donors and the Govt. of the Democratic Socialist Republic of Sri Lanka.

Documentary Collections
A payment method in which the goods are shipped to the importer and the bank retains the documents and deliver them against payment or on acceptance.

Shipping Guarantees
This is an indemnity given to the shipping agent by the bank jointly with the importer in consideration of the delivery of the goods shipped for which no original bill of lading has been received. Indemnity could be cancelled on receipt of original Bill of Lading and submission to the shipping line.Shipping guarantee is a common instrument among importers due to the improved transport systems and cargo handling procedures.

Financial Facilities for Importers.
The Importer may need financial assistance to clear the consignment and differ the payment until imported goods are sold out .
Facilities could be arrange expeditiously to avoid any additional costs by way of demurrage etc.
The products available are hypothecation/Trust Receipts/ Series of Loans/ Pledge Loan.
In the case of Pledge Loans, the goods will be under duel control and releases can be obtained by making the payments as and when required for your production process or sale.
Repayment of loans could be arranged to suit your cash flows up to maximum of 06 months.

Organization Information

Bank of Ceylon

No.1, Bank of Ceylon Mawatha

Bank of Ceylon Square
Colombo 1
Sri Lanka

Mr. S.M.Paranagama
Telephones:+94-11-2446790-811/+94-11-2338741 –55
Fax Nos:+94-11-2321160

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Last Updated On: 2009-11-10 16:40:24
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