Import Letter of Credit

UOB can help importer to make payment via L/C.
Description
Benefits
Special Privileges
Applicant Requirements
Supporting Documents
Fees and Expense
Contact

Description

The bank provides L/C issuance for the importer to make payment for goods or services. L/C provides comfort to the importer that payment will only be made upon presentation documents are complied with terms and conditions of the L/C. There are 3 methods in issuing L/C :

-	Full S.W.I.F.T./ Telex
-	Brief S.W.I.F.T./ Telex
-	Courier/ Mail

Benefits

• Provide prompt service in issuing L/C within 24 hours, customer can get the copy of L/C within the same day.
• Provide confidence to both importer and overseas supplier since L/C is an undertaking by the bank to make payment.
• Provide comfort to the importer that payment with only be made upon presentation of documents are complied will terms and condition of stated L/C.
• The more convenient and faster services are be obtained via UOB CyberBanking System

Special Privileges

When applying through UOB CyberBanking, customer will:
1. Be able to create unlimited database
2. Be able to view and print the copy of L/C issuance within the same day
3. Be informed the L/C issuance commission within the same day
4. Be able to access the information regarding L/C issuing at anytime.

Applicant Requirement

• Corporate customers.
• Maintain Savings, Current or Foreign Currency Deposit Account together with trade finance facilities with UOB.

Supporting Documents

• Application for Documentary Credit
• Evidences or other relevant documents for L/C issuing, for example Sales contract, Proforma Invoices, Purchase order etc.

Fees and Expenses

• Subject to arrangement.

Contact

Note : Any services which require credit facility(ies),
credit approval must be granted first.