- Products & Services
- Trade Services
- Export Services
Advising/Confirmation of Letters of Credit.
This is where, at the request of the issuing bank, the Bank (the advising bank) receives the LC and notifies the beneficiary (the exporter). The Bank can, at the request of the issuing bank, also add its confirmation to the LC, with an undertaking to pay if all the LC terms and conditions are met. Usually, the advising/confirming bank is located in the same country as the beneficiary.
|Export Documentary Credit (LC)|
|1. Advising LC Commission||$40.00|
|2. Advising LC Amendment Commission||$25.00|
|3. Bills Handling / Negotiation Commission (Usance LC)||0.17% (min.$30.00)|
|4. Bills Handling / Negotiation Commission (Sight LC)||0.17% (min.$30.00)|
|5. Postage/Courier Fee (Major Asian cities)||By arrangement|
|6. Tracer (Inclusive of SWIFT)||$15.00|