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A letter of credit is a guarantee for the
payment of foreign goods issued by a bank. It is a document sent from a bank or
financial institution that guarantees that the seller will receive payment from
the buyer when the terms & condi[1]tions in the letter of
credit are fully and precisely met.
Three types of Letter of Credit are available
including Import Letter of Credit, Export Letter of Credit, and Shipping
Guarantee.
| Import Letter of Credit | |
|---|---|
| Currency |
KHR & USD |
| Tenor |
Up to 12 months |
| Collateral |
Cash Secured/Term
Deposit
|
|
Property (Credit Line)
|
|
| Transaction Amount |
No Limit |
| Issuing Fee |
Cash Secured/Term
Deposit: 1% p.a
|
|
Property (Credit Line):
1.5% p.a (Minimum USD 30.000)
|
|
| Amendment |
Wording: USD 30.00
|
|
Increase Amount/Tenor:
Same as Issuing Fee
|
|
| Cancelation |
USD 30.00 (After
transaction completed) |
| Settlement |
Settlement Fee: 0.15%
(Min USD 15.00)
|
|
Cable Fee: USD 15.00
|
|
|
Advising Payment Fee:
USD 20.00
|
|
|
Discrepancy Fee: USD
50.00
|
|
|
Reimbursement Fee: USD
50.00
|
|
| Shipping Guarantee
(Under LC) |
USD 50.00 |
| Export Letter Of Credit | |
| Advising Fee |
USD 50.00 |
| Settlement |
0.10% (Min USD 10.00) |
| Tracer/Inquires Fee |
USD 20.00 |
Note: Hattha Bank reserves the rights to change the above condition and interest rate without prior notice.
