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Letter of Credit

Letter of Credit is an obligation undertaken by the bank to pay your supplier the cost of goods or services within a certain period of time. Payment will be made only if the supplier presents a full package of requested documents within the specified time and in the specified form.

LETTER OF CREDIT
Import
Pre-AdvisingEUR 150
Issuing L/C0.15% min. EUR 150
Without confirmation Non cash covered - 3% p.a.
Cash covered - 2.5% p.a.
ConfirmationNon cash covered - 4.8% p.a. min. EUR 120 p.m.
Cash covered - 4% p.a. min. EUR 120 p.m.
Inspection of cocuments and payment0.2% min. EUR 150
Payment with documents inconsistent with L/C terms0.2% min. EUR 150
Amendment/cancellationEUR 150
Other (additional charges)According to expenses
Export
Pre-AdvisingEUR 50
Advising0.15%, min. EUR 100 -max. EUR 450
Confirming L/C0.2 % p.m.
Documents inspection and payment0.2% min. EUR 100
Payment with documents inconsistent with L/C terms0.2% min. EUR 100
Amendment/cancellationEUR 80
Other (additional charges)According to expenses