LETTER OF GUARANTEE
Introduction
Upon receiving the counter L/G, the Bank shall reissue the L/G according to the provisions under the counter L/G.
FEATURES
- Reissue the L/G under the counter L/G.
Target Customers
- Corporate Customer
Procedure
- The correspondent bank or the affiliated bank submits an application.
- Bank of China (Hongkong) Limited Vientiane Branch reissues the L/G after verifying the counter L/G.
- Bank of China (Hongkong) Limited Vientiane Branch charges fees for reissuing the L/G.
- Bank of China (Hongkong) Limited Vientiane Branch makes compensation for the counter L/G or cancels the counter L/G.
- After making compensation for the reissued L/G, Bank of China (Hongkong) Limited Vientiane Branch will claim for the reimbursement for the counter L/G.
Required Documents
- Certificate of enterprise legal representative or power of attorney, board of directors resolution and the articles of association.
- Valid enterprise corporate (legal person) business license (copy).