Bills and Collections

don’t dream it. drive it!

Bhutan National Bank accepts and negotiates bills on behalf of our customers for efficient export and import payment processing.

Types and Charges of Letter of Credit

if your are applying for letter of credit, you should know.

Types of LC

  • Import Letter of Credit
  • Export Letter of Credit

Charges

Bill Charge

0.15% (Min. Nu. 250) as opening commission

Commitment Charge

0.75% on actual number of days up to the validity of the credit (Min 250)

Usance Charge

1.00% on actual number of days up to the validity of the credit (Min Nu. 250)

Requirements

for letter of credit.

  • Covering Letter requesting for Letter of Credit (LC)
  • Duly completed LC application form [download from below]
  • Confirmed Purchase order or Proforma Invoice
  • Import License (issued by MOEA)
  • Property Ownership documents for LC pledged against collateral