You won't need to issue an LC to buy goods against an Export LC.
Let UOB pass your Export Transferrable LC to the final seller.
Enhance your business proposition and secure deals with confidence.
|Advising of Letters of Credit (LCs)||Account holder||S$30 flat|
|Non-account holder||S$50 flat|
|Confirmation of LCs||Confirmation of Letters of Credit (LC)||Subject to arrangement|
|Negotiation under LCs||Export Bill Negotiation||1/8%, minimum S$75|
|Bank Acceptance||Subject to arrangement|
|Countersign Letter Of Indemnity To Other Banks (subject to arrangement)||1/8% for two months, minimum S$75|
(Subject to approval)
|Full Transfer (without substitution)||Subject to arrangement|
|Partial Transfer||Subject to arrangement|
|Advising of Letters of Credit (LCs)|
|Confirmation of LCs|
|Negotiation under LCs|
(Subject to approval)
The LC can be transferred only in accordance with the terms and conditions stipulated in the original LC, with the exception of the following which may be changed:
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 Infinity.
Submit the completed Transfer LC Form together with the Original Export LC to any UOB Group Branch.
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:
60 Albert Street #09-01
OG Albert Complex Singapore 189969
156 Cecil Street,
Level 5 Far Eastern Bank Building, Singapore 069544
1 Tampines Central 1
#02-01 UOB Tampines Centre Singapore 529539
30 Tai Seng Street
#01-01 Breadtalk IHQ Singapore 534013
251/253 Upper Thomson Road
#02-00 Singapore 574375
6 Woodlands Square
#08-02 Woods Square Tower 2 Singapore 737737
8 Jurong Town Hall Road
The JTC Summit #26-01
Access new markets with UOB's comprehensive export solutions to grow your business.
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Save more with US$38 outward telegraphic transfer fees and low trade financing fees.