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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.
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.
UOB checks documents for compliance to LC terms. Buyer to provide settlement instruction before documents are released.
Services | Fees |
Issuance fee | 0.1% p.m. or part thereof with min RM100.00 |
Amendment Fee involving increased amount and/or extended validity | 0.1% p.m. or part thereof with min RM50.00 |
Other Amendment fee | RM50 |
Services |
Issuance fee |
Amendment Fee involving increased amount and/or extended validity |
Other Amendment fee |
Click here for other charges applicable to all trade products.
Select Trade Services.
Select Import Letter of Credit, complete the application and press submit.
Applicant
Beneficiary
Issuing Bank
Advising Bank
You may submit your application online via UOB Infinity or submit your application at any of our Trade Counters. Click here to find the Trade Counter nearest to you.
For collection of your trade documents, please refer to your designated Trade Counter.
You may refer to the Product Disclosure Sheet under Trade Services section.
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