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What do you need help with?
you are in GROUP WHOLESALE BANKING
LC is issued by a AA- rated Issuing Bank.
Payment is made upon seller's fulfilment of the terms and conditions.
Option to apply for Trust Receipt Financing to improve cashflow.
After the Buyer and Seller establish an agreement, Buyer applies for a Letter of Credit (LC). UOB issues the LC.
Once goods are shipped, Seller submits documents to their banker. Presenting Bank checks if documents are compliant and sends documents to UOB.
Buyer may apply for post-shipment financing and take possession of the goods on trust.
UOB checks documents for compliance to LC terms. Buyer to provide settlement instruction before documents are released.
After the Buyer and Seller establish an agreement, Buyer applies for a Letter of Credit (LC). UOB issues the LC.
Once goods are shipped, Seller submits documents to their banker. Presenting Bank checks if documents are compliant and sends documents to UOB.
Buyer may apply for post-shipment financing and take possession of the goods on trust.
UOB checks documents for compliance to LC terms. Buyer to provide settlement instruction before documents are released.
Upon receipt and verification of a complying presentation, the Issuing Bank will make payment.
Upon receipt and verification of a complying presentation, the Issuing Bank will provide acceptance and make payment on maturity date.
A simple way for resellers to purchase goods by transferring the Issuing Bank's original LC to another beneficiary.
A solution involving two LCs to secure financing for a single transaction - one favouring the middleman, another favouring the ultimate seller.
Upon receipt and verification of a complying presentation, the Issuing Bank will make payment.
Upon receipt and verification of a complying presentation, the Issuing Bank will provide acceptance and make payment on maturity date.
A simple way for resellers to purchase goods by transferring the Issuing Bank's original LC to another beneficiary.
A solution involving two LCs to secure financing for a single transaction - one favouring the middleman, another favouring the ultimate seller.
| Services | Fees |
| Issuance of LCs | 1/8% per month, min 1/4% or S$75 whichever is higher |
| LC Amendments | Increase of LC value: 1/8% per month, min. 1/4% or S$75 whichever is higher Extension of LC Expiry: 1/8% per month of outstanding balance, min. S$75 Other Amendment: S$75 |
| Non SWIFT/Paper LC Issuance to Other Banks | S$100 flat (this charge is in addition to Issuance/Amendment fee) |
| Inward Documentary Bills | Usance LC acceptance: 1/8% per month from LC expiry date to due date, min S$75 LC overdrawn: 1/8% per month, min 1/4% or S$75 whichever is higher Discrepancy Fee: S$100 flat |
| Services |
| Issuance of LCs |
| LC Amendments |
| Non SWIFT/Paper LC Issuance to Other Banks |
| Inward Documentary Bills |
Click here for other charges applicable to all trade products.
Log in via UOB Infinity.
Select Trade Services (BIBPlus).
Select Import Letter of Credit, complete the application and press submit
Applicant
Beneficiary
Issuing Bank
Advising Bank
You may submit your application or collect your trade documents at any of our Trade Counters. Click here to find the Trade Counter nearest to you.
Receive shipping documents securely and swiftly for acceptance and/or payment.
Maximise your working capital and better manage your cash flow.
Obtain goods at port swiftly and convert to sales before receiving shipping and transport documents.
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