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What do you need help with?
you are in GROUP WHOLESALE BANKING
Receive payment upon presentation of compliant documents.
UOB will check documents if requested, and notify beneficiary on discrepancies if any.
Receive discounted funds once buyer provides their acceptance, even before maturity date.
| Services | Fees |
| Handling Commission | UOB Customers: 1/8%, min S$75 Non-UOB Customers: 1/8%, min S$150, subject to bank arrangement |
| Bank Acceptance | Subject to arrangement |
| Counter-sign Letter of Indemnity to Other Banks | 1/8% for two months, min. S$75, subject to bank arrangement |
| Services |
| Handling Commission |
| Bank Acceptance |
| Counter-sign Letter of Indemnity to Other Banks |
Click here for other charges applicable to all trade products.
It is important to ensure that the wordings in all documentation submitted to the Bank are accurate and consistent to avoid subsequent disputes or discrepancies.
Common documentary discrepancies include
• presentation of documents after LC expiry date,
• shipment of goods made after the stipulated latest shipment date, and
• documents presented after the stipulated presentation period or more than 21 days after the shipment date (if presentation period is not indicated in the LC).
If the seller anticipates that the terms and conditions of the LC may not be fulfilled, he should request the buyer to amend the LC prior to shipment to avoid discrepancies.
You may submit the required documents together with the application for 'Handling of Documents under Letter of Credit' at any of our Trade Counters. Click here to find the Trade Counter nearest to you.
Receive an authenticated export LC, with the option to add confirmation.
A simple way for resellers to purchase goods by transferring the Issuing Bank's original LC to another beneficiary.
Secure your shipment with confidence by issuing a Letter of Credit to your supplier.
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