Trade Finance
Bank of Queensland offers a range of services, and access to our trade finance specialists, to help you with all your international trade requirements.
Documentary credit services
In many cases, an overseas supplier will require a letter of credit to confirm payment for goods prior to shipment. We have a wealth of experience in this field - in fact we have been issuing letters of credit to local and overseas suppliers for almost half a century. We also process letters of credit issued to export customers by overseas banks.
The big advantage for you is that we have a dedicated team of staff ready to assist you with international transactions servicing Queensland, New South Wales and Victoria.
Find out about import documentary letters of credit
Find out about export documentary letters of credit
Documentary collection services
Bank of Queensland can help importers and exporters with our documents for collection service. When an overseas supplier has not required prepayment for goods, they can forward the shipping documents to us via their bank. We will then release the documentation to the importer upon acceptance of the payment terms.
On behalf of export customers, we can process documents for collection to any overseas bank with specific instructions concerning collection of amount owing. The exporter is offered a moderate degree of security by maintaining control over the goods until payment has been made.
Find out about import documentary collections
Find out about export documentary collections
We can provide finance to importers and exporters for both pre and post shipment finance. We can also help exporters with their working capital requirements by advancing funds against Export Finance Insurance Corporation (EFIC) guarantees. The Export Finance Insurance Corporation (EFIC) is a government statutory body with which Bank of Queensland holds established arrangements.
Bank of Queensland Debtor Finance is a financing product that allows you to maximise your cash flow through borrowing against the outstanding value of your trade debtors.
The Bank has developed an introductory guide to importing and exporting which covers some basic definitions and methods of payment, and highlights risks to be aware of.
For assistance with trade finance and services contact one of our international services experts on 1300 55 72 72 or email the international services team.
Products issued by Bank of Queensland Limited ABN 32 009 656 740 AFSL 244616. Fees and charges are payable. The Bank's standard credit assessment criteria apply. This website contains general advice. This advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of any advice before acting on it. You should obtain and consider the relevant Product Disclosure Statement (PDS), terms and conditions, Financial Services Guide and Guide to Fees and Charges for the product before making any decision about whether to acquire or continue to hold it. You can obtain a copy of those documents from any Bank of Queensland branch or from this website.