Export
Export Letter of Credit
Product / Service Features
uab bank is acting as Advising Bank to authenticate your Letter of Credit before releasing the LC to you for your assured of the authenticity of LC.
With export letter of credit, you can be assured that you will receive payment for export goods when your documents meet the terms & conditions of LC from the LC issuing bank.
- Secured and reduced financial risk
- Payment is guaranteed by the LC issuing bank
- Ensure your documents are processed on the same day with uab bank
- uab will notify to you when we receive your export LC
- Ships out goods upon receive of the LC and presents trade documents to uab
- uab forwards trade document to LC issuing bank(Buyer bank)
- Issuing bank makes payments at sight “sight LC”.(or)Issuing bank accepts to honour the payment at the maturity date for “usance LC”.
- uab pays to your company when receive the payment from issuing bank.
Trade Finance Department’s standard fees and charges
- For Export LC Advising : Request letter for Export LC
- For Export Bill Handling : Export Bill Application Form
- Export Bill Application Form
- Terms and Conditions Governing Export Bill
Export Documentary Collection
uas bank is acting as trustee and intermediary to collect payments and release your trade documents to your buyer through their bank. Documents against Payment (DP)
buyer bank releases the import documents once the buyer is paid. Documents against Acceptance (DA)
buyer releases the import documents upon buyer acceptance of the bills of exchange/draft for payment at later date.
- Less banking fees and easy to use as compared with LC
- Trusted agent (bank) to handle in collection
- Enjoy same day processing of your documents
- You ship out goods
- You submit trade documents with Export Bill Application Form to uab
- uab sends trade document to buyer bank.
- uab will notifies you for payment or acceptance of the bill of exchange.
- uab pays to your company when receive the payment from buyer bank.
Trade Finance Department’s standard fees and charges
Export Bill Negotiation Form
- Export Bill Application Form
- Terms and Conditions Governing Export Bill