HomeTrade & FSCMImport/BuyerImport Letter of Credit
Import Letter of Credit

Import Letter of Credit

Secure your shipment with confidence by issuing a Letter of Credit to your supplier.

  

Benefits

Creditworthy

Creditworthy

LC is issued by a AA- rated Issuing Bank.

Payment security

Payment security

Payment is made upon seller's fulfilment of the terms and conditions.

Financing your import needs

Financing your import needs

Option to apply for Trust Receipt Financing to improve cashflow.

Transactional Flow for Letter of CreditTransactional Flow for Letter of Credit

UOB Infinity Trade

Apply for a Letter of Credit on our Infinity Trade Platform
Step 1

Step 1

Log in via UOB Infinity.

Step 2

Step 2

Select Trade Services.

Step 3

Step 3

Select Import Letter of Credit, complete the application and press submit

Ready to apply?

Ready to apply?

Get in touch

Frequently asked questions

Who are the parties involved in a Letter of Credit?
chevron

Applicant

  • The Applicant is typically the buyer and the party that initiates the request to the Issuing Bank to issue an LC on its behalf.

Beneficiary

  • The Beneficiary is typically the seller and the party who will receive payment if it fulfills all the terms and conditions of the LC.

Issuing Bank

  • The Issuing Bank is the Bank that issues the LC in favour of the seller, at the request of the buyer/applicant.
  • By issuing an LC, the Issuing Bank undertakes to pay the beneficiary if all the terms and conditions of the LC are complied with.

Advising Bank

  • The Advising Bank authenticates the LC received from the Issuing Bank and advises/ notifies the Beneficiary that there is an LC issued in his favour.

You may submit your application or collect your trade documents at any of our Trade Counters. Click here to find the Trade Counter nearest to you.

You may also like

Import Documentary Collection

Import Documentary Collection

Receive shipping documents securely and swiftly for acceptance and/or payment.

    Invoice Finance

    Invoice Finance

    Maximise your working capital and better manage your cash flow.

      Shipping Guarantees

      Shipping Guarantees

      Obtain goods at port swiftly and convert to sales before receiving shipping and transport documents.

        We are here to help

        Have questions?

        Have questions?

        Speak with us

        Speak with us

        Visit your nearest branch

        Visit your nearest branch