Transferable Letter of Credit (LC)

The name of the Applicant can be substituted with the name of the first Beneficiary, unless the original LC stipulates that the name of the Applicant be used in any document other than the invoice. If all or part of the LC is transferred, the first Beneficiary retains the right to substitute their own drafts and invoices for those of the second Beneficiary, if they so require. Instructions must also be provided on whether the bank is allowed to make any amendments to the original LC to the second Beneficiary.

UOB can consider transferring the LC if it is stipulated and requested by the Issuing Bank. LC Transferring fees are normally charged to the account of the Beneficiary (Seller) unless otherwise agreed.
If you currently do not have any facilities with UOB, but wish to apply for the Transfer of a Letter of Credit by the Bank, please indicate interest via our callback form and one of our Sales staff will be in contact shortly.

If you have any existing credit facilities with us, please contact your Relationship Manager, or apply for BG online via UOB SME app or online.

Submit the completed Transfer LC Form together with the Original Export LC to any UOB Group Branch.

• The form is to bear signatures of the authorised Company Signatories and Company stamp.
• The Original Export LC must be advised through UOB.

Upon successful application/approval, the application for Transfer LC will be processed.

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