Exports
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 customize solutions for your specific requirements.

• Export Bills Negotiation
  Alternatively, we negotiate / discount under reserve, by cabling the LC to the LC issuing bank for authorization to negotiate despite the discrepancies, and also send the documents to the LC issuing bank for approval and payment.
• Exports Bill Purchase & Discounting
  Credit facility for financing export bills not drawn under Letter of Credit.
• Export Bill Collection
  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. The Bank also handles the collection of foreign currency cheques or Traveller's cheques for its customers. In case you have an export credit line from the Bank or where the Bank agrees to purchase the instruments, an advance would be made to you upon presentation of these cheques. The Bank will in turn send these cheques to the collecting bank for payment. In the event of non-payment, the amount of the cheque would be charged back to you plus interest.
• Export LC Advising
  Authentication of an incoming Letter of Credit from an overseas branch or correspondent bank (the issuing bank).
• Export LC Confirmation
  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 .. ?
• Transfer LC
  Transfer of a Letter of Credit to a second beneficiary.