Letters of Credit

Comfortable payment method to reduce transaction risk in international trade!

Advantages

  • A popular way of payment in international trade

  • Minimized transaction risk

  • Scheduled payments and receipt of goods/services on time

  • Compliance with international rules 


How to issue?

  • Agree about the terms with your business partners

    The seller and the buyer sign a agreement providing for payment under a Letter of Credit

    1

  • Visit our branch

    Arrange a meeting in advance with the bank specialist or come to our nearest branch for advice at a time convenient for you.

    2

  • Submit an application

    Submit a completed application for the issuance of documentary Letters of Credit and other documents related to the issuance of a Letter of Credit

    3

  • Receive a confirmation of a Letter of Credit issued by the bank

    The bank will deposit the buyer's funds in a special account or grant a credit line for issuing Letters of Credit in exchange for the mortgage or other assets acceptable to the bank, and shall issue and transfer the Letter of Credit to the seller's bank

    4

  • Accept documents or goods (services)

    The seller's bank notifies the seller of the Letter of Credit > The seller sends the goods (renders the services) to the buyer and submits to the bank the documents specified in the terms and conditions of the Letter of Credit > The seller's bank sends the documents to the buyer's bank > The buyer's bank verifies the documents and if they meet the terms of the Letter of Credit, transfer them to the seller's bank and hands over the documents to the buyer > The seller's bank credits the funds to the seller.

    5

Price-list

Import Letters of Credit

Service

Fee

Issue of the Letter of Credit

Depositing the Client’s funds

90 EUR

Issue of the Letter of Credit

Without depositing the Client's funds

90 EUR + commitment fee as per agreement

Change of terms of the Letter of Credit

30 EUR

Checking the documents of the Letter of Credit

For each set of documents

0.15% of the amount, min. 60 EUR

Payment of documents

0.1% of the amount, min. 30 EUR, max. 60 EUR

Cancellation or non-use of the Letter of Credit

30 EUR

Supervision of deferred payment

30 EUR

Non-compliance of documents with the terms and conditions of the Letter of Credit

For each set of documents

100 EUR

Return of unpaid documents

30 EUR

Inquiry at Client’s request or notice transfer

30 EUR

Service

Issue of the Letter of Credit

Depositing the Client’s funds

Fee

90 EUR

Service

Issue of the Letter of Credit

Without depositing the Client's funds

Fee

90 EUR + commitment fee as per agreement

Service

Change of terms of the Letter of Credit

Fee

30 EUR

Service

Checking the documents of the Letter of Credit

For each set of documents

Fee

0.15% of the amount, min. 60 EUR

Service

Payment of documents

Fee

0.1% of the amount, min. 30 EUR, max. 60 EUR

Service

Cancellation or non-use of the Letter of Credit

Fee

30 EUR

Service

Supervision of deferred payment

Fee

30 EUR

Service

Non-compliance of documents with the terms and conditions of the Letter of Credit

For each set of documents

Fee

100 EUR

Service

Return of unpaid documents

Fee

30 EUR

Service

Inquiry at Client’s request or notice transfer

Fee

30 EUR

Export Letters of Credit

Service

Fee

Notification of the received Letter of Credit or change of the terms

30 EUR

Verification of documents

For each set of documents

0.15% of the amount, min. 90 EUR

Confirmation of the Letter of Credit

By agreement, min. 90 EUR

Payment of documents

Performing the Letter of Credit at UAB Medicinos Bankas

0.05% of the amount, min. 50 EUR

Prepayment of documents

Discount by agreement

Supervision of deferred payment

30 EUR

Transfer of the Letter of Credit

0.2% of the amount, min. 90 EUR

Notification of the Client's commitment to distribute funds

50 EUR

Inquiry at Client’s request or notice transfer

30 EUR

Return of unpaid documents

30 EUR

Service

Notification of the received Letter of Credit or change of the terms

Fee

30 EUR

Service

Verification of documents

For each set of documents

Fee

0.15% of the amount, min. 90 EUR

Service

Confirmation of the Letter of Credit

Fee

By agreement, min. 90 EUR

Service

Payment of documents

Performing the Letter of Credit at UAB Medicinos Bankas

Fee

0.05% of the amount, min. 50 EUR

Service

Prepayment of documents

Fee

Discount by agreement

Service

Supervision of deferred payment

Fee

30 EUR

Service

Transfer of the Letter of Credit

Fee

0.2% of the amount, min. 90 EUR

Service

Notification of the Client's commitment to distribute funds

Fee

50 EUR

Service

Inquiry at Client’s request or notice transfer

Fee

30 EUR

Service

Return of unpaid documents

Fee

30 EUR

Your browser is out of date. For better experience please update it here: Chrome, Firefox, Opera, Safari.

The website uses cookies to ensure high-quality website performance. By clicking the button “I accept” or continuing to browse the site, you confirm your consent. To find out more about cookies please click here.

I accept