Import Letter of Credit

Assures payment to your seller
if their documents meet the terms
& conditions of your LC


  • Tap on OCBC's reputation to give your seller assurance of payment when the documents meet the terms and conditions of the LC
  • Get your transport documents checked by OCBC's trade experts
How to apply


Available options & issuance fees

Without trade credit facility with OCBC
0.125% of LC value monthly
Minimum of 2 months but not less than S$200 per LC
If the LC value is less than S$20,000, a S$100 fee applies

With trade credit facility with OCBC

  • 0.125% of LC value monthly
  • Minimum of 2 months but not less than S$75 per LC

Amendment and other fees

For increasing the LC amount

0.125% of the additional LC amount monthly, minimum of 2 months but not less than S$75

For extending the LC expiry date

0.125% of the LC amount monthly, minimum fee of S$75

For other amendments

S$60

Draft acceptance for usance LC

0.125% of the bill amount monthly, minimum fee of S$75

Cancellation fees

S$50




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Service commitment

Same-day LC issuance
(when your application is in order).

Late cut-off time

Cut-off time at 6pm allows greater flexibility.
(Mon to Fri, excluding public holidays)

Electronic submission

Business internet banking provides increased convenience with same commitment to service turnaround.



How to apply

If you have trade credit facility with OCBC

or
Download and complete the following forms:




Submit the completed form at a Trade Service Centre near you.


If you do not have trade credit facility with OCBC

Download and complete the following forms:

Submit the completed form at a Trade Service Centre near you.

All applications are subject to bank's acceptance and approval.

Find nearest trade service centre

Locate

Add-on services

Shipping guarantee

Take delivery of the goods before the receipt of the bill of lading / airway bill.

Trust receipt

Get financing for your purchases under LC.



Need help?

(65) 6318 7777

or contact us online