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
- LC Application Form
- Import License (when needed)
- Sale Contract (or)Proforma Invoice (or) Purchased Order
- Sufficient Bank balance
Export Letter of Credit
MOB bank facilitates the settlement for using 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
