As an importer, you can take comfort in the fact that we are fully equipped to manage all your trade related financial services. With our strong presence in Asia Pacific and our reputed wide range of services, you can rest assure that we will be there to assist you in capturing the growing trade businesses in this region. Our services typically involve facilitating import of goods and services, clearance of goods in the event of non-receipt of shipping documents and import bills financing.

Our range of import-related services includes the following :-

A Documentary Letter of Credit (LC) is a popular instrument that gives the Beneficiary (Supplier) greater assurance of payment provided that the required compliant documents are presented. Applicant (Buyer) will be assured that payments will only be released upon presentation of stipulated documents that comply with all the terms and conditions in the LC.

Furthermore, the importers can enjoy the flexibility of a hassle-free marine insurance coverage and loads of other benefits by insuring locally when you import on FOB/CFR basis or switching of trade terms to enjoy greater benefits.

Our team of dedicated trade experts is always on hand to provide advice on any trade-related matters and even conduct briefings to educate your team on processes at your office premises.

You have our assurance that your Documentary Letter of Credit (LC) will be issued within a 24-hour turnaround time. With our strong Asia Pacific presence, we will be able to provide you with the advantages of an end-to-end-delivery. An UOB LC will be ready for collection by your supplier the moment you touch down at the supplier's destination on the same day and in all the key markets in Asia Pacific (subject to prior arrangement).

Enjoy the flexibility of applying for or amending an LC without having to come to the bank. Our UOB Business Internet Banking provides you with an up-to-date electronic solution.

If the non-receipt of shipping documents on arrival of the import vessel is a concern for you, we can issue Shipping Guarantees on a pre-arranged basis to secure the release of the goods, thus reducing demurrage and other related charges.

If you want the flexibility of import without an LC, we can assist in handling your Inward Bills Collection against payment (DP) or acceptance (DA) received from any of your suppliers' bank.

You may also be eligible for access to financing of Inward Bills to capitalise on the competitive interest rates offered on our Banker's Acceptances or Trust Receipts. These are structured with your interest and requirements in mind.

A financing facility available to a local buyer / importer and local seller / exporter at competitive prevailing money market rates. Buyers / importers can capitalise on this financing instrument to pay cash to their suppliers in order to obtain a discount and the seller / exporter can have direct access to immediate funds for working capital. Financing amount is in multiples of RM1,000 and the minimum BA financing amount is RM50,000. Financing period ranges from a minimum period of 21 days to a maximum of 365 days.

Local buyer / Importer who request for financing under Trust Receipt acts as a trustee to the bank to sell the goods on behalf of the bank. This gives the buyer / importer the flexibility to take immediate delivery of the goods and repay the bank at a later date with proceeds from the sale of the goods.

Financing may be in Ringgit. Alternatively, the importer can take advantage of lower foreign currency interest rates to request for financing in the currency of that particular import documents. Terms and conditions apply.

Increase your cash flow and working capital with Invoice Financing as it finances payables that are not eligible for financing under conventional trade instruments. Invoice Financing finances transactions which include purchases of services (freight/transport and haulage charges, advertising charges, warehousing services, custom duties, port charges, insurance premiums, utility/telco charges, computer software licenses), intangibles and other business inputs (fuel, diesel, gas) that are consumed in the course of the manufacturing process, and all relevant charges/payments incurred which are not incorporated as part of the value of the trade bill.

This innovative financing consists of Vendor Financing and Buyer Financing. It places value or premium on the stability of the trading relationship between the buyer and seller as opposed to the traditional funding models where the supplier or buyer is evaluated on a stand-alone basis. It leverages on the strength of either the anchor supplier or anchor buyer.

We discount pre-approved trade receivables of your vendors (on a recourse/non-recourse basis) against your undertaking to pay on maturity of the financing.

We finance sales to your buyers so that you can get your cash faster and generate greater sales.