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Import Services

Import Services

Leverage on our import services to give your business greater flexibility and liquidity.

Make international payments in a simple and cost-effective way via UOB SME.

Comprehensive trade finance solutions to support smooth import deliveries

Extend your connections

Extend your connections

Enjoy direct links with worldwide trading parties through UOB Group's network of regional offices and worldwide correspondent relationships.

Get in-country expert advice

Get in-country expert advice

Gain direct access to advisory expertise on trade solutions, local market knowledge, and regulations.

Improve your cash flow

Improve your cash flow

Manage your working capital with financing solutions.

Leverage UOB's strong credit rating

Leverage UOB's strong credit rating

Enhance your business proposition and secure deals with confidence.

Manage trade risks

Manage trade risks

Mitigate potential foreign exchange and interest rate exposure with our full suite of products such as FX Deliverable Forwards etc.

Manage trade transactions anytime

Manage trade transactions anytime

Submit and manage trade bills digitally with UOB SME online and sign up for UOB eAlerts to be notified on your transaction status.

Import trade services

  • Service
  • Details
  • Rates & Fees*
Service Details Rates & Fees*
Import Letter of Credit (LC)
  • Sight LC
    Issuing Bank (UOB) will pay your seller upon presentation of trade documents from their bank.
  • Usance LC
    Issuing Bank (UOB) will pay your seller on a fixed future date after receipt and acceptance of trade documents from their bank.
  • Issuance of LCs
    1/8% per month, min ¼% or S$75 whichever is higher.
  • LC Amendments
    Increase of LC value: 1/8% per month, min. ¼% or S$75 whichever is higher.
    Extension of LC Expiry Date: 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).
  • 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.
Import Documentary Collection (DA/DP)
  • Documents against Payment (DP)
    We release the import documents to you upon your payment.
  • Documents against Acceptance (DA)
    We release the import documents to you upon acceptance of the bills where you agree to pay the seller on a fixed future date.
  • Handling Commission
    1/8%, min. S$75.
  • Presentation Fee
    First Presentation: Free.
    Subsequent Presentation: $30 per presentation
  • Document to be released free of payment or without endorsement
    1/8%, min. S$75.
  • Reminders
    S$10 each.
  • Holding Fee
    S$50 per month (after 2 months).
Import Financing
  • Invoice Financing
    Finance your invoices according to your trade cycle for favourable credit terms and better cash flow management.
  • Trust Receipt
    Short-term financing to settle your import payments and obtain your goods on trust for resale, before paying the bank at maturity.
  • Handling Commission
    1/8%, min. S$75.
Shipping Guarantee Possess your goods at port prior to receiving the original shipping and transport documents to avoid demurrage charges.
  • Issuance under Letter of Credit
    S$75 flat.
  • Issuance under Collection Bills
    1/8%, min. S$75.
  • Unredeemed Shipping Guarantee
    1/2% for every 3 months, min S$75.
Service
Import Letter of Credit (LC)
Import Documentary Collection (DA/DP)
Import Financing
Shipping Guarantee

*In the event of any inconsistency between the rates and fees in this Schedule and the rates and fees listed on the Trade Pricing Guide, the rates and fees on the Trade Pricing Guide will prevail.

Submit trade bills on UOB SME with 3 simple steps

/Step 1

Step 1

Log in via UOB SME online

/Step 2

Step 2

Select Trade Services (BIBPlus)

/Step 3

Step 3

Select trade product, complete the respective online form and press submit

Submit trade bills on UOB SME with 3 simple steps

Plan your trade financing

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Key in your monthly figures in SGD to calculate your loan.

Sales Operating Receipts

Expenses (Up to 1mil)

Salaries Payout (Up to 1mil)

Rental Expense (Up to 1mil)

Utilities Expense (Up to 1mil)

Loan Repayments (Up to 1mil)

You might prefer our UOB Business Loan.

Disclaimer:

  1. Proposed tenor shown on the result is based on 120 days
  2. Miscellaneous debits (defaulted to 25% of Total Salary, Rental, Utilities expenses)

We'll help you get started

We'll help you get started

    Frequently asked questions

    How does an import Letter of Credit (LC) work?
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    You may collect trade documents or submit application forms at any of the following Trade Counters:

    Albert Street
    60 Albert Street #09-01
    OG Albert Complex Singapore 189969

    Cecil Street
    156 Cecil Street,
    Level 5 Far Eastern Bank Building, Singapore 069544

    Tampines
    1 Tampines Central 1
    #02-01 UOB Tampines Centre Singapore 529539

    Tai Seng
    30 Tai Seng Street
    #01-01 BreadTalk IHQ Singapore 534013

    Thomson
    251/253 Upper Thomson Road
    #02-00 Singapore 574375

    Woodlands
    6 Woodlands Square
    #08-02 Woods Square Tower 2 Singapore 737737

    West Hub
    8 Jurong Town Hall Road
    The JTC Summit #26-01
    Singapore 609434

    • The 2g gold bar reward is limited to the first 100 existing UOB trade customers, and the 5g gold bar reward is limited to the first 30 new UOB trade customers^
    • Eligible funded trade bills are LC, TR, TR-IF, TR-DA/DP, TR-Pre-shipment, SG, BEP-EIF (against corporate line) and BEP-DA/DP (against corporate line)
    • Only new trade bills submission to UOB during the promotion period are eligible for the promotion reward
    • Each customer is entitled to 1 reward under the promotion
    • The reward is available on a first come first served basis, whilst stocks last

    Other terms and conditions apply.

    Terms and conditions of UOB Trade Services apply.

    *Terms and Conditions Governing UOB Business Banking Go for Gold Promotion (the "Promotion") apply. Visit uob.com.sg/tradeQ4 for more information.

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