IMPORT LETTER OF CREDIT

Name: RHB bank
Address: 90 Cecil Street RHB Bank Building, Level 1, Singapore, 069531, SG
Telephone: 1800 323 0100

Facilitate secure and efficient international trade transactions

Mitigate risk in your international trade transactions

Importers such as your business can mitigate the risk of non-delivery or delayed shipments of goods as sellers are compelled to fufil the LC terms in order to receive payment.

Negotiate improved terms with sellers

As payment obilgations are undertaken by RHB upon fufilment of the LC terms, risk of payment default are removed, allowing you to negotiate better pricing or credit terms with your sellers.

Mitigate risk in your international trade transactions

Importers such as your business can mitigate the risk of non-delivery or delayed shipments of goods as sellers are compelled to fufil the LC terms in order to receive payment.

Negotiate improved terms with sellers

As payment obilgations are undertaken by RHB upon fufilment of the LC terms, risk of payment default are removed, allowing you to negotiate better pricing or credit terms with your sellers.

Rates & Charges

Issuance

Irrevocable / Back to Back	1/8% per month, Min 1/4% Min S$90 for both Local & Foreign
Revolving Reinstatement	1/8% per month, Min 1/4% Min S$90 for both Local & Foreign
Pre Advice	S$50 Flat
Lengthy Docs	Subject to bank discretion

Amendment

Extend Validity	1/8% per month on o/s balance, Min $90
Increase Value (Incremental Value)	1/8% per month, Min 1/4% or $90
Others - Cancellation	S$80 Flat
Others - T&C	S$80 Flat
Acceptance Commission - Usance LC	LC expiry date till maturity date 1/8% per month or part thereof min S$90
Discrepancy Fees	S$100 Flat or equivalent for Bills in Foreign Currency
Document Checking Fee	S$80 Flat

Payment of Local LCS Issued By The Bank

Local LC in SGD

1/8% on bill amount, Min S$90 or equivalent

Local LC in Foreign Currency
Payment in SGD	1/8%, Min S$90
Payment in Foreign Currency	1/8%, Min S$90 +1/8% in lieu of exchange Min S$80 or US$60

Documents Required

Irrevocable LC Form

Download

Enquire about our Import Letter of Credit services now.

Important Notice

This advertisement has not been reviewed by the Monetary Authority of Singapore.

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Save time and money by taking possession of your goods

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Get peace of mind when you make payment to beneficiaries.

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Connect with Us

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IMPORT LETTER OF CREDIT

Highlights & Benefits

Mitigate risk in your international trade transactions

Negotiate improved terms with sellers

Mitigate risk in your international trade transactions

Negotiate improved terms with sellers

Rates & Charges

Documents Required

Enquire about our Import Letter of Credit services now.