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Документ поруч зі стрілкою, яка вказує на глобус із монетками та поштовою коробкою
Documentary letter of credit

About the documentary letter of credit

A letter of credit is a reliable international trade instrument in which the bank acts as an intermediary between the buyer and the seller. The buyer’s bank guarantees the seller that payment will be made as soon as all terms of the agreement are met.

Benefits of use

  • Transaction security

  • Minimisation of financial risks

  • Global trade without borders

  • Payment assured upon fulfilment of terms

Letter of credit terms

Currency

UAH, USD, EUR

Сovered letter of credit

Opening:
1% per annum + 0.2% of the amount
(min. UAH 1,000 / EUR 100)


Confirmation:
from 1% per annum

Uncovered letter of credit

Opening:
3.5% per annum + 0.2% of the amount
(min. UAH 1,000 / EUR 100)


Confirmation:
from 3.5% per annum

Making agreed amendments to terms (amount increase)

0.2% of the increase amount (min. UAH 500 / EUR 50)

Advising / document verification operations

UAH 850

Other agreed amendments to terms

UAH 1,000

Apply for a letter of credit

Letter of credit

Кругова схема, що показує етапи здійснення документарного акредитиву між покупцем, продавцем і банками

  • 1

    Contract

  • 2

    Letter of credit application (agreement)

  • 3

    Letter of credit

  • 4

    Advising the letter of credit

  • 5

    Shipment of goods

  • 6

    Presentation of documents under the letter of credit

  • 7

    Payment under the letter of credit upon proper document presentation

  • 8

    Document transfer

Letter of credit application

+380