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-Advising | EUR 150 | |||
| Issuing L/C | 0.15% min. EUR 150 | |||
| Without confirmation | Non cash covered - 3% p.a. | |||
| Cash covered - 2.5% p.a. | ||||
| Confirmation | Non 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 payment | 0.2% min. EUR 150 | |||
| Payment with documents inconsistent with L/C terms | 0.2% min. EUR 150 | |||
| Amendment/cancellation | EUR 150 | |||
| Other (additional charges) | According to expenses | |||
| Export | ||||
| Pre-Advising | EUR 50 | |||
| Advising | 0.15%, min. EUR 100 -max. EUR 450 | |||
| Confirming L/C | 0.2 % p.m. | |||
| Documents inspection and payment | 0.2% min. EUR 100 | |||
| Payment with documents inconsistent with L/C terms | 0.2% min. EUR 100 | |||
| Amendment/cancellation | EUR 80 | |||
| Other (additional charges) | According to expenses | |||