LC Advising & Confirmation

LC Advising & Confirmation

Receive an authenticated export LC, with the option to add confirmation.

  

Benefits

Secured and reliable

Secured and reliable

Receive LC swiftly and securely.

Mitigate documentary & cross-border risk

Mitigate documentary & cross-border risk

Payment undertaking from UOB when confirmation is added.

Supported by Leading ASEAN Bank

Supported by Leading ASEAN Bank

UOB is ranked 'Aa1' by Moody's and 'AA-' by both S&P Global and Fitch Ratings.

UOB Infinity Trade

Retrieve your Export LC from our Infinity Trade Platform
Step 1

Step 1

Log in via UOB Infinity.

Step 2

Step 2

Select Trade Services.

Step 3

Step 3

Navigate to Trade Account Services > Transactions and Reports > Advices and Notification to obtain a copy of your LC

Ready to apply?

Ready to apply?

Get in touch

Frequently asked questions

What is the role of an Advising Bank?
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The Advising Bank authenticates the LC received from the Issuing Bank and advices/notifies the Beneficiary that there is an LC issued in his favour.

It is advisable to check through the terms and conditions of the LC to ensure that it reflects what was agreed under the Sales Contract.

If in doubt on the LC terms, it is prudent to approach your banker for clarification, and if needed, request for an amendment from the Issuing Bank.

This will facilitate the document presentation stage where any discrepancies could result in a delay of payment, or non-payment.

LC Confirmation is usually requested if the seller is not comfortable with the creditworthiness of the Issuing Bank, and/or is concerned over the buyer’s country risk. In return, the seller is required to pay an LC confirmation fee to the Confirming Bank.

You may request for UOB to safe-keep your Export LCs to facilitate document presentation at a later stage.

If you need to collect the Original LC, you may do so at our Trade Counters. Click here to find the Trade Counter nearest to you.

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