IMPORT/EXPORT LETTER OF CREDIT (L/C)

Import Letter of Credit

MOB provides Sight LC and Usance LC to trade customers.

  • L/C Opening Commission 0.25% of L/C Amount per 3 Months (Min : USD/EUR/SGD 50/-)
    (Max: USD/EUR/SGD 1,500/-) with SWIFT Charges (USD/EUR/SGD -3/-)
  • Bill Handling Commission USD/EUR/SGD 50/- with SWIFT Charges (USD/EUR/SGD -3/-)
    (Bill under L/C)

Required Documents for Import L/C (Sight and Usance)

  • Application Form with Company Letter Head
  • L/C Application Form
  • Import License
  • Sale Contract (or)Proforma Invoice (or) Purchased Order
  • Sufficient Bank balance

Export Letter of Credit

MOB bank will facilitates settlement for using the Sight and Usance export LC.

  • L/C Advising Commission USD/EUR/SGD 30/-
  • Bill Handling Commission 0.25% of Bill Amount with Swift Charges(USD/EUR/SGD 3/-)
    (Min: USD/EUR/SGD 50/-) (Max: USD/EUR/SGD 1000/-)

Required Documents for Export L/C (Sight and Usance)

  • Application Form with Company Letter Head
  • Advice Form
  • Form E