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

IMPORT LETTER OF CREDIT

Enjoy the insurance of the

goods shipment

Letter of Credit (LC)

Provides payment assurance to your seller based on a stated amount, within a stipulated timeframe.

Letter of Credit (LC)

Provides payment assurance to your seller based on a stated amount, within a stipulated timeframe.

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 Requirement

Irrevocable LC Form

Download

Important Notice

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

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Free up your cash flow and focus on growing your business.

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Save time and money by taking possession of your goods

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Gain peace of mind as your buyer's Letter of Credit is authenticated and verified.

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Secure your goods by transferring the export Letter of Credit to the final seller.

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Receive payment for your goods while you wait for payment from the issuing bank.

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Collect payment efficiently from your buyer's bank

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Get peace of mind when you make payment to beneficiaries.

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Connect with Us

Please fill in your Business Contact Information below so that we can get in touch with you.

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By checking this box, I have provided my Business Contact Information and I consent to receive occasional information, updates, offers and promotions about RHB Banking Group’s products and services through voice calls, by SMS/MMS or by emails for business purposes and not for any personal purpose.
I consent to receive occasional information, updates, offers and promotions about RHB Banking Group’s products and services through voice calls, by SMS/MMS or by emails (regardless of any current or future registration on any Do Not Call Register)

By clicking Submit, I consent to allow RHB Bank Berhad (RHB), RHB Group (including its holding company, subsidiaries and associated companies resulting from merger, sale, acquisition or restructuring) and any permitted third party by RHB to collect, use, disclose or transfer any information provided by me herein in Singapore or elsewhere for the products and services offered by RHB and as may be required by law, as the case may be.

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