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LETTER OF CREDIT (L/C)
Import Letters of Credit
CAB
issues L/C for account of its client, (the applicant/ importer)
in
favor of the beneficiary (the seller/ exporter).
Product Features & Charges
| |
Issuance |
|
| |
Issuance
Commission |
015%/ mo.(Min
USD 50) |
| |
Telex |
USD 50 |
| |
Amendment |
|
| |
Amendment
Commission |
|
| |
Extension |
0.15%/ mo.(Min
USD 60) |
| |
Text Repair |
USD 20 |
| |
Telex |
USD 30 |
| |
Cancellation,
if unused within validity |
USD 50 |
| |
Shipping
Guarantee* |
0.1%(Min
USD 30) |
| |
Endorsement
of Airway Bill* |
USD 20 |
| |
Negotiation
Commission |
0.15%(Min
USD 50) |
| |
Document
Handing Fee |
USD 50 per
set of documents |
| |
Acceptance
Commission (Usance LC) |
0.15%/mo.(Min
USD 50) |
| |
Telex Advice |
USD 20 |
| |
Settlement |
USD 30 |
* Subject to Trust Receipt arrangement if without cash margin.
Export Letters of Credit
CAB Accepts L/Cs issued by other banks for advising to
beneficiary.
Export L/Cs can be tied up with a short term loan facility
that may
be availed by the beneficiary/ exporter for additional
capital requirements.
Product Features & Charges
| |
Advising
Commission |
|
| |
- Relay of
pre-advice telex |
USD 20 |
| |
- Full Text
Advising of L/C |
USD 30 |
| |
- Amendment |
USD 20 |
| |
Negotiation
Fee or documents handing |
0.15%/mo.(Min
USD 50) |
| |
Courier |
USD 30 within
0.5 Kg. |
| |
Telex |
USD 30 |
Benefits
| |
Transactions
are documents-based and there is more certainty of payment. |
| |
Instrument
is flexible to suit the requirements of all parties |
| |
Irrevocable
L/Cs cannot be amended or cancelled without the agreement of
all parties. |
| |
Export
loans, negotiation or financing for import L/C
(Trust Receipts
Discounting of Draft) can be arranged. |
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