Export Letter of Credit

Assures you payment
when your documents meet
the terms & conditions in the
Letter of Credit


  • Payment is guaranteed by the LC issuing bank when your documents meet the terms and conditions of the LC
  • Reduce the payment risks with Export LC Confirmation
  • Better manage your cash flow with Export LC Discounting
How to apply


Export LC Advising

S$50

Issuance fee

If you have a corporate
account with OCBC

S$30


Export LC Confirmation / Discounting

Varies

Depending on the
LC issuing bank

Export LC bills processing

Handling fee:

0.125%

of the bill amount (minimum S$75)

 

Commission-in-lieu-of-exchange:

0.125%

(minimum S$50)



Service commitment

Same-day processing of your application and checking of your trade documents (when your application is in order)

Late cut-off time

Cut-off time at 5pm allows greater flexibility.
(Mon to Fri, excluding public holidays)



How to apply

Download and complete the following form:

Submit the completed form with your trade documents at a Trade Service Centre near you.

Find nearest trade service centre
Locate


Need help?

(65) 6318 7777

or contact us online