Letter of Credit is a written undertaking by the issuing bank given to the seller (exporter) at the request of the buyer (importer) to pay at sight or at a determinable future date up to a stated sum of money within a prescribed time limit and against complying stipulated documents.
Import Letter of Credit
Fee Charge(s)
Issuing Fee
0.125% per month Min. USD100
Swift
USD50 flat
Usance Fee
0.125% per month Min. USD30
L/C Settlement Commission
0.20%, Min. USD30
SWIFT Advising Fee
USD20 flat
Reimbursement
USD30 flat
Amendment Fee
USD50 flat (other than validity/amount)
Product Features and Conditions
Type
• Confirmed LC
• Sight payment LC
• Time, Usance payment LC
• Transferable LC, etc.
Currency
Any Currency
Tenor
Up to 12 months
Acceptable Collateral
• Cash/Fixed Deposit
• Accept all types of real estate soft/hard title within 25 provinces & cities in Cambodia
• Accept third parties (Corporate or Bank Guarantees)
Benefits
Very competitive fee charge(s)
Fast approval process
Free of charge on property evaluation
Free of charge on legal fee
Free of charge on CBC checking
Able to access transaction banking with more than 60 branches nationwide and can perform Mobile Banking and Internet Banking