Back Letter of Credit

We issue all types of irrevocable documentary credits (LC) in favor of beneficiaries from countries not subject to international sanctions and/or restrictions.

Export LCs

  • Advising and confirmation of LC authenticity
  • Transfer of LC
  • Guidance on LC terms and conditions as well as signing of respective documents
  • Confirmation of LCs issued by foreign correspondent banks
  • Checking submitted LC documents and sending them off to nominated banks
  • Confirmation of export LCs and improvement of exporter’s liquidity by swift receipt of price for goods shipped

Import LCs

  • Guidance prior to signing agreement
  • Issuance of any type of LC
  • Confirmation of LCs by first class banks
  • Issuing and discounting deferred payment LCs 
  • Checking submitted documents
  • Payment against LC, etc.
Issuance fee 0.3% (min. USD 120)

Confirmation and service commission 

Negotiable

Amendments to LC

USD120

Cancellation of LC

USD100

Full or partial transfer of LC

0.4% (min. USD 120)

Document checking and payment against LC

0.2% (min. USD 120)

Issuance and service of LC in national currency

Negotiable

 

LC advising

0.2% (min. USD 120)
LC confirmation

Negotiable

Amendments to LC

USD 120
Cancellation of LC USD 100

Full or partial transfer of LC

0.4% (min. USD 120)

Document checking and payment against LC

0.2% (min. USD 120)

Advising other banks’ customers on LCs issued by other banks

USD 50

 

Mail and communication

As applicable

Pre-advising of LC

USD 100

Other additional charges

As applicable

 

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