RHB Singapore | Import Letter of Credit

IMPORT LETTER OF CREDIT

Enjoy the insurance of the

goods shipment

Letter of Credit (LC)

Provides payment assurance to your seller based on a stated amount, within a stipulated timeframe.

Letter of Credit (LC)

Provides payment assurance to your seller based on a stated amount, within a stipulated timeframe.

Rates & Charges

Issuance

Irrevocable / Back to Back	1/8% per month, Min 1/4% Min S$90 for both Local & Foreign
Revolving Reinstatement	1/8% per month, Min 1/4% Min S$90 for both Local & Foreign
Pre Advice	S$50 Flat
Lengthy Docs	Subject to bank discretion

Amendment

Extend Validity	1/8% per month on o/s balance, Min $90
Increase Value (Incremental Value)	1/8% per month, Min 1/4% or $90
Others - Cancellation	S$80 Flat
Others - T&C	S$80 Flat
Acceptance Commission - Usance LC	LC expiry date till maturity date 1/8% per month or part thereof min S$90
Discrepancy Fees	S$100 Flat or equivalent for Bills in Foreign Currency
Document Checking Fee	S$80 Flat

Documents Requirement

Irrevocable LC Form

Download

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Gain peace of mind as your buyer?s Letter of Credit is authenticated and verified.

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Facilitate your trade activities with our inward bill collection services.

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Import Service

Invoice financing (Purchase)

Free up your cash flow and focus on growing your business.

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Import Service

Shipping guarantee

Save time and money by taking possession of your goods

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Export Services

LC Advising & Confirmation

Gain peace of mind as your buyer?s Letter of Credit is authenticated and verified.

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Transferrable LC

Secure your goods by transferring the export Letter of Credit to the final seller.

Learn more

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Export LC Negotiation

Receive payment for your goods while you wait for payment from the issuing bank.

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Export Pre-shipment advising

Global exports become smoother with pre-shipment working capital.

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Outward Bill Collection

Collect payment efficiently from your buyer?s bank

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Standby Letter of Credit

Get peace of mind when you make payment to beneficiaries.

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Banker's Guarantee

Get peace of mind when you make payment to beneficiaries.

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Important Notice

This advertisement has not been reviewed by the Monetary Authority of Singapore.

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