Name: RHB bank
Address: 90 Cecil Street RHB Bank Building, Level 1, Singapore, 069531, SG
Telephone: 1800 323 0100

IMPORT LETTER OF CREDIT

Facilitate secure and efficient international trade transactions

Mitigate risk in your international trade transactions

Importers such as your business can mitigate the risk of non-delivery or delayed shipments of goods as sellers are compelled to fufil the LC terms in order to receive payment.

Assurance of payment for improved terms

With RHB undertaking payment obilgations upon fufilment of LC terms, sellers are assured of the reduced risk of payment default, providing an incentive to provide better pricing or credit terms.

Mitigate risk in your international trade transactions

Importers such as your business can mitigate the risk of non-delivery or delayed shipments of goods as sellers are compelled to fufil the LC terms in order to receive payment.

Assurance of payment for improved terms

With RHB undertaking payment obilgations upon fufilment of LC terms, sellers are assured of the reduced risk of payment default, providing an incentive to provide better pricing or credit terms.

Rates & Charges

Issuance

Irrevocable / Back to Back	1/8% per month, Min 1/4% Min S$90 for both Local & Foreign
Revolving Reinstatement	1/8% per month, Min 1/4% Min S$90 for both Local & Foreign
Pre Advice	S$50 Flat
Lengthy Docs	Subject to bank discretion

Amendment

Extend Validity	1/8% per month on o/s balance, Min $90
Increase Value (Incremental Value)	1/8% per month, Min 1/4% or $90
Others - Cancellation	S$80 Flat
Others - T&C	S$80 Flat
Acceptance Commission - Usance LC	LC expiry date till maturity date 1/8% per month or part thereof min S$90
Discrepancy Fees	S$100 Flat or equivalent for Bills in Foreign Currency
Document Checking Fee	S$80 Flat

Payment of Local LCS Issued By The Bank

Local LC in SGD

1/8% on bill amount, Min S$90 or equivalent

Local LC in Foreign Currency
Payment in SGD	1/8%, Min S$90
Payment in Foreign Currency	1/8%, Min S$90 +1/8% in lieu of exchange Min S$80 or US$60

Documents Required

Irrevocable LC Form

Download

Important Notice

This advertisement has not been reviewed by the Monetary Authority of Singapore.

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Mitigate risk and provide assurance in your international trade transactions.