Letter of Credit

In this globalized age, we understand that you may have to do business overseas. In order to assure your suppliers, BNB Letter of Credit will serve you in your business needs and facilitate easy transactions.

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