HomeTrade & FSCMImport/BuyerImport Letter of Credit
Import Letter of Credit

Import Letter of Credit

The bank provides L/C issuance service for the importer to make payment for goods or services.

Overview

By using L/C instrument, importer can be assured that payment will only be made upon presentation documents are complied
with terms and conditions of the L/C.

Benefits

Provide confidence

Payment assurance to both importer and supplier, secured by the issuing bank.

Importer can be assured

Payment is made only if documents comply with L/C terms and conditions.

At a glance

  • Features
  • Descriptions
Features Descriptions
Key features • L/C issued by UOB is well regarded and trusted both in Thailand and internationally. • Provide prompt service in issuing L/C within 24 hours, customer can get the copy of L/C within the same day. • Convenient and secure online service via BIB Plus
Features
Key features

Ready to apply?

Ready to apply?

Leave us your details and we will get in touch with you as soon as possible. Alternatively,
you may call Corporate Care Centre.

Additional information

Quick product overview
chevron

Download the product fact sheet for Import Letter of Credit

Terms and Conditions

1. Opening an L/C
chevron
  • Applicants must hold a business account with UOB and pass the bank’s credit assessment.
  • Complete details are required, including seller’s name, contract value, currency, maturity date, and delivery terms.
  • The bank will make payment to the seller only when all required documents are complete and comply with the L/C terms.
  • The bank verifies documents only and does not inspect the actual goods.
  • Opening an L/C and related services are subject to fees as determined by the bank.
  • The applicant is responsible for all charges, including SWIFT or courier fees if applicable.
  • For Irrevocable L/C, any amendment requires the seller’s consent.
  • Cancellation or amendment may incur additional fees according to the bank’s terms.
  • Must reimburse the bank within the agreed period after payment to the seller.
  • Late payment may result in interest charges and legal action.
  • The bank is not responsible for the quality or quantity of goods.
  • Buyers should verify the supplier and delivery terms before opening an L/C.

You may also like

Import Bills for Collection

Receive shipping documents securely and swiftly for acceptance and/or payment.

Shipping Guarantee

Shipping Guarantee

Issuing shipping guarantee to release the goods before receiving transport documents.

Outward Remittance

Outward Remittance

Transferring money abroad for payment of goods and services or other purposes to recipients worldwide.

We are here to help

Have questions?

Have questions?

Speak with us

Speak with us

Visit your nearest branch

Visit your nearest branch