Home > Trade Finance > Exports Exports Advising of Letter of Credit Transfer of Letter of Credit Export Bill Negotiations Export Bills Purchased Bills for Collection     Advising of Letter of Credit   BEA acts as the advising agent to authenticate and advise letters of credit of correspondents to their beneficiary in Singapore.     Transfer of Letter of Credit   Upon receipt of a transferable L/C from BEA (acting as the advising bank), the customer may instruct BEA to transfer the L/C to the final seller.  The L/C can be transferred in whole or in part but can be transferred once only.     Export Bill Negotiations   After receipt of the L/C and upon shipment, the beneficiary can present the stipulated documents to BEA for negotiation.  After negotiation, BEA will claim reimbursement from the reimbursing bank and pay the exporter upon receipt of the proceeds.     Export Bills Purchased   With prior arrangement, the exporter can request BEA to discount its export bills (for both collection and L/C) and provide immediate credit.  Upon approval, discounting will be made with full recourse to the customer in case of non-payment. By special arrangement, BEA can also finance account receivables for valued customers who provide advances against their sales invoices.     Bills for Collection   As the collecting bank, BEA will send the export documents to its agent in the importer’s country for presentation to the buyer for acceptance and / or payment.  Upon receipt of the proceeds, BEA will credit the customer’s account after deduction of charges. For further enquiries, please contact our Branch, call our Business Development Department on (65) 6602 7848 / (65) 6602 7849 or Trade Services Department on (65) 6602 7911 / (65) 6602 7917, or email us at info@hkbea.com.sg.