🌏 Open Account Facility – China
🏢 What Is the Open Account Facility?
The Open Account Facility is a trade financing solution allowing qualified importers to receive goods from Chinese suppliers and pay the balance at a later date, under agreed credit terms — no Letter of Credit (LC) required.
❌ Not available for petroleum products or energy commodities.
Import with Confidence | Pay Later | Trade Smarter
✅ Benefits at a Glance
| 🌟 Feature | 💡 Benefit |
|---|---|
| No LC required | Streamlines import operations |
| Fast approval | Quicker supplier engagement |
| Up to $30M annual volume | Suitable for medium & large buyers |
| Flexible repayment | Improve your cash flow |
| KYC-compliant | Global trade compliance & risk mitigation |
| Works with any Chinese supplier | Not restricted to a single network |
🧾 Required Documents
To apply, provide the following:
Customer Information Sheet (CIS)
– Must include a valid passport and company registration certificateCompleted Application Form
– Specific to the Open Account FacilityBill of Lading from Prior Trade
– From a past transaction with a supplier in China
📊 Who Is Eligible?
To qualify for this facility, your company must meet the following:
✅ Annual import volume:
– Minimum: USD 300,000
– Maximum: USD 30,000,000✅ Previous import history with Chinese suppliers
✅ Clean compliance record (AML/KYC)
🔁 Step-by-Step Application Process
1️⃣ Submit Your Application
Complete the form and upload all required documents.
2️⃣ Pay Assessment Fee
Pay the non-refundable USD 130 credit evaluation fee to begin.
3️⃣ Credit Line Evaluation
Our finance team conducts a thorough creditworthiness review.
4️⃣ Receive Pro Forma Invoice
Your supplier issues a Pro Forma Invoice for confirmation.
5️⃣ Deposit Payment
Upon confirming the invoice, pay the deposit to secure goods.
6️⃣ Goods Shipment
Your supplier ships the goods as agreed.
7️⃣ Shipping Documents Released
All relevant shipping documents are delivered to you.
8️⃣ Final Payment at Maturity
Pay the remaining balance on the maturity date per the schedule.
🧮 Example Scenario
| Description | Amount (USD) |
|---|---|
| Goods value | $100,000 |
| Required deposit (30%) | $30,000 |
| Remaining balance | $70,000 |
| Maturity period | 60 days |
| Payment on maturity | $70,000 |
💬 Testimonials
💼 Ali B. – Importer, Dubai
“Thanks to this facility, I was able to double my order volume from China without tying up my capital in advance. It’s fast, flexible, and reliable.”
📦 Martina R. – Trader, Kenya
“We couldn’t qualify for traditional LC, but this solution helped us grow our Chinese supplier relationships with confidence.”
🔍 Chen H. – Sourcing Agent, Guangzhou
“It gives overseas buyers the confidence to do bigger deals. Everyone wins.”
❓ Frequently Asked Questions (FAQ)
Is this a Letter of Credit?
No. The Open Account Facility is a flexible credit-based arrangement without LC requirements.
How long does approval take?
Typically within 3–5 business days after complete submission and payment of the credit assessment fee.
What happens if payment is late?
Late payments incur penalties and may result in suspension from the facility.
Can I use any Chinese supplier?
Yes, as long as we can verify the supplier and shipping documents.
What currency is used?
All transactions are processed in USD.
📥 Get Started Now
📄 [Download Application Form]
📎 Prepare your documents
💳 Pay the $130 assessment fee
🚀 Start your first transaction
👉 Need help? Contact us at [email/contact form/chat].
🔐 Trusted by Global Importers
✔️ Fully compliant with KYC/AML regulations
✔️ Used by 2,000+ importers worldwide
✔️ Secured document handling
✔️ Dedicated support team in China and internationally