Import Service
- Corporate
- International Banking
- Trade Finance
Import Department provides the following services for the importers.
(a) Import Letter of credit
(b) Collection
(a) Import Letter of credit
- Issuing Import Letter of Credit
- Amendment of Import Letter of Credit (L/C Extension +L/C Amount Increase +L/C Amount Decrease + L/C Cancellation)
- Import Payment under Letter of Credit
- Import Payment under Bills for Collection (DP/DA)
- Shipping Guarantee Issuance
Required Documents for Opening Import Letter of Credit
- Filling in the four LC Application Forms and stamping with MMK 200 Special Stamp duty on the original among these forms and signing on them.
- Import License (If need)
- Sale Contract/Performa Invoice
- Debit Authority Letter with Company Letter Head
- Application Letter
Service Charges
- L/C Opening Commission: 0.25% on L/C amount per 3months (or) Part thereof (Min USD 50, Max USD 1500) +Swift Charges USD 3
- Amendment: L/C Date Extension & L/C amount increase 0.25% per 3 months (or) Part thereof (Min USD 40 + Swift Charges USD 2) amount decrease
- Other Amendment: USD 40 + Swift Charges USD 3
- Bill Handling Commission: USD 50+ Swift charges USD 3
- Discrepancies: USD 50
- L/C Cancellation: USD 30 + Swift Charges USD 3
(b) Collection
The buyer sent the documents from (collecting bank) Presenting unless buyer made payment or accepted the bill of exchange as agreed.
Service Charges
- 0.50% on Bill Amount (Min USD 50) +Swift Charges USD 3
01-2302385
saleandmarketing@smedbank.com
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