Letters of Credit
Letter of credit service to ensure security and reliability of settlements between parties.
Required Documents
Request letter for conducting a letter of credit transaction
Purchase and sale agreement for goods and products in accordance with the letter of credit requirements
Client's application for opening a letter of credit
Service Tariffs
Opening a letter of credit — 0.3% of the contract amount, not less than 150 Somoni
Amendment of letter of credit terms — 50 Somoni
Other amendments to letter of credit terms — 50 Somoni
Provision of letter of credit for use by other banks — 195 Somoni
Assistance in obtaining amendments to letter of credit terms — 50 Somoni
Notification to the client about a documentary letter of credit — 0.1% of the amount, not less than 100 Somoni
Early termination of the letter of credit agreement or non-utilization of the letter of credit — 150 Somoni
Confirmation of letter of credit — according to the agreement
Reimbursement obligations — 0.2% of the amount, not less than 200 Somoni
Return of letter of credit documents in case of discrepancy — 150 Somoni
International Requirements
When conducting letter of credit transactions, strict compliance with the requirements of the international document UCP 600 is ensured.