Import Letter of Credit

UOB can help importer to make payment via L/C.
Description
Benefits
Special Privileges
Applicant Requirements
Supporting Documents
Rates & Fees
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 :

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Full S.W.I.F.T./ Telex
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Brief S.W.I.F.T./ Telex
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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.
   Rates & Fees
  • Subject to arrangement.

Contact

Head Office :
  Customer Service   Tel. 0-2620-5071-74
    Fax. 0-2260-7715, 0-2204-2221, 0-2204-2229

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