- Products & Services
- Trade Services and Remittances
- Negotiation of Letters of Credit
Negotiation of Letters of Credit
This is where, upon shipment of goods, the exporter presents related documents to the Bank for negotiation, payment or acceptance. The Bank checks the documents presented against the terms and conditions of the LC in order to determine compliance.
Advances can be given on the export LC proceeds, if the documents given by the exporter are in compliance with the LC terms and conditions and subject to the Bank’s approval.
On selective basis, pre-shipment financing may be considered where exporters are able to obtain advances against an LC which is in favor of the exporter.
|Export Documentary Collection (DADP)|
|1. Commission (Docs.Against Acceptance)||0.15% (min.$30)|
|2. Commission (Docs. Against Payment)||0.15% (min.$30)|
|3. Postage/Courier Fee (Major Asian Cities)||By arrangement|
|5. Inward TT (When getting Payment)||Waive|