Letter of Credit

In this globalized age, we understand that you may have to do business overseas. In order to assure your suppliers, BNB Letter of Credit will serve you in your business needs and facilitate easy transactions.

There are two types of Letter of Credit:

  1. Import Letter of Credit
  2. Export Letter of Credit

Documents Required:

  1. Covering Letter requesting for Letter of Credit (LC)
  2. Duly completed LC application form [download from below]
  3. Confirmed Purchase order or Proforma Invoice
  4. Import License (issued by MOEA)
  5. Property Ownership documents for LC pledged against collateral

Charges

Bill charge0.15% (Min. Nu. 250) as opening
commission
Commitment charge0.75% on actual number of days up to the
validity of the credit (Min 250)
Usance charge1.00% on actual number of days up to the
validity of the credit (Min Nu. 250)

Note: All charges are applicable at prevailing exchange rate.

Download LC Form