Huitong International Trading (Dongguan) Co., Ltd. has a professional trading team in the domestic financing and L/C opening department.
HUITONG INTERNATIONAL TRADING (DONGGUAN) CO., LTD. is the financing and L/C opening department in China, with experienced trading team. We also have a branch in Hong Kong WSIN INTERNATIONAL TRADING COMPANY LIMITED to facilitate financial mobilization transactions.
Our services include financing, L/C opening, resource integration, risk assessment, procurement consultancy and other services to help domestic enterprises to develop and purchase foreign commodity.
We are ready to assist and simplify your needs. Our team of experienced consultants has provided services in many countries. Our international reputation is unrivalled, reinforcing our trusted position in the marketplace. We will provide you with first-class consulting answers.
Our aim is to simplify your transactions with absolute transparency. Whether you are looking to purchase, sell or do business in the US/Brazil, please do not hesitate to contact us. Our commitment to ethics and transparency has made us a benchmark in Asia.
A Standby Letter of Credit (SBLC) is a guarantee of payment by a bank on behalf of its customer; it is a legal document that guarantees the bank's commitment to pay the seller if the buyer or the bank's customer fails to honour the agreement. Standby letters of credit help facilitate international trade between companies that do not know each other and have different laws and regulations.
How a standby letter of credit works: A company usually obtains a contract by applying for a standby letter of credit. The contract is a‘standby’ agreement because the bank only needs to pay in the worst case scenario. Although the standby letter of credit guarantees payment to the seller, the agreement must be strictly adhered to.