One of the most effective means of protecting your business is a Documentary letter of credit. This is a written irrevocable undertaking given by a bank on behalf of the importer to pay the exporter the value of goods or service against presentation of the documents within a specified period of time confirming that all the terms of the credit are met.

 

 

Documentary letter of credit rates

For export payments
Letter of credit advising	0.2% min. 100 Euro, max. 250 Euro
Confirming a letter of credit	0.1% min. 100 Euro  (per month or part thereof)
Receiving and checking documents	0.3% min. 100 Euro
Modification of L/C terms	150 Euro (per modification)
Cancellation of L/C	150 Euro
L/C transfer	0.4% min. 100 Euro
Other charges	As per costs
For import payments
Letter of credit advising	100 Euro
Confirming a letter of credit	0.1% min. 100 Euro (per month or part thereof)
Opening a letter of credit	0.3% min. 100 Euro
Checking documents	0.3% min. 100 Euro
Postponing the term of L/C	0.1% min. 100 Euro, max. 300 Euro
Making modifications in L/C terms	150 Euro  (per modification)
Canceling L/C	150 Euro
Additional charges	As per costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  DOCUMENTARY L/C DETAILED INFORMATION