Export letter of credit
The service of receiving the letter of credit issued by the buyer’s bank and advising to the exporter.
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If you want to expand your business by exporting your goods and products to foreign countries, Golomt Bank offers you the opportunity to receive claimed payments against complying documents using the Export Letter of credit service.
L/C payments are available
- By payment (at sight payment)
- By deferred payment
- By negotiation
- By acceptance
- By mixed payment
L/C payment sources
- Covered Letter of Credit – L/C is paid using customer’s cash margin, placed with the bank before issuance of L/C
- Uncovered Letter of Credit – L/C is paid under bank credit approval
Export L/C scheme
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Import L/C charges and fees
- Advising a L/C – 30 USD
- Checking documents and dispatch for claiming payment – 0.15% (75 USD – 350 USD)
Additional service charges (requested by customer)
- Amendment – 10 USD
- Cancellation – 50 USD
- SWIFT Inquiry – 25 USD
- Courier charge of dispatching documents – as per DHL charge
Other charges and commissions required by international banks will be collected from Applicant as per L/C terms and conditions.
Required documents:
- A bank application form PDF download
- Trade contract (commercial invoice)
- In terms of uncovered L/C, the loan origination documents will be required
Contact:
- Address: Head office of Golomt Bank, Trade and structured finance department
- Phone number: 7575 1111 /1554, 1380/
- Email: tf@golomtbank.com
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