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you are in GROUP WHOLESALE BANKING
After the Buyer and Seller establish an agreement, Buyer applies for a Letter of Credit (LC). UOB issues the LC.
Once goods are shipped, Seller submits documents to their banker. Presenting Bank checks if documents are compliant and sends documents to UOB.
UOB checks documents for compliance to LC terms. Buyer to provide settlement instruction before documents are released.
After the Buyer and Seller establish an agreement, Buyer applies for a Letter of Credit (LC). UOB issues the LC.
Once goods are shipped, Seller submits documents to their banker. Presenting Bank checks if documents are compliant and sends documents to UOB.
UOB checks documents for compliance to LC terms. Buyer to provide settlement instruction before documents are released.
Services | Fees |
Issuance of LCs | 1/8% per month, min 1/4% or S$75 whichever is higher |
LC Amendments | Increase of LC value: 1/8% per month, min. 1/4% or S$75 whichever is higher Extension of LC Expiry: 1/8% per month of outstanding balance, min. S$75 Other Amendment: S$75 |
Non SWIFT/Paper LC Issuance to Other Banks | S$100 flat (this charge is in addition to Issuance/Amendment fee) |
Inward Documentary Bills | Usance LC acceptance: 1/8% per month from LC expiry date to due date, min S$75 LC overdrawn: 1/8% per month, min 1/4% or S$75 whichever is higher Discrepancy Fee: S$100 flat |
Services |
Issuance of LCs |
LC Amendments |
Non SWIFT/Paper LC Issuance to Other Banks |
Inward Documentary Bills |
Click here for other charges applicable to all trade products.
Log in via UOB Infinity.
Select Trade Services.
Select Import Letter of Credit, complete the application and press submit
Applicant
Beneficiary
Issuing Bank
Advising Bank
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.
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