Letter of Credit Advising

SHWE Bank offers Letter of Credit advising service by ensuring the authenticity of the LC issued in your favour so that you can peacefully proceed trading with your counter party. 

Our Trade Specialists will check the documents presented against the LC terms to ensure all documents are in line with the LC terms as required under the applicable UCP rules. 

Benefits

  • Your export LC can be advised with authenticity
  • Our Trade Advisory team will help you understand the requirements in the LC
  • Our Trade Specialists will scrutinize the presented documents in order to comply with LC terms and conditions

Fees and Charges

Pre-arranged fees & charges 

Required Documents

  • Cover letter (with company’s letter head) requesting release of Export LC. 
  • The original copy of export license (if any) 
  • Original Shipping Documents stated in the export LC (e.g Commercial, Financial, Transport, Official and Insurance documents) 

Outward Bills under Letter of Credit

SHWE bank offers collection service after the exporter delivers the goods and presents the documents to the Bank. The Bank will examine the documents to comply with the shipping documents as per L/C terms and conditions, and dispatch them to L/C issuing banks. 

Benefits

  • Enhance financial liquidity and improve working capital management 
  • Monitor the export proceed payment 

Fees and Charges

Pre-arranged fees & charges 

Required Documents

  • Export LC SWIFT Message 
  • The original copy of export license (if any) 
  • Original Shipping Documents stated in the export LC (e.g Commercial, Financial, Transport, Official and Insurance documents) 

Outward Bills for Collection

SHWE Bank offers export bills for collection service to exporters who ship the goods to the importer and present the shipping documents to the bank , after examining , further dispatching to the importer’s bank. 

Normally, there are two types of payment conditions which are 

  • Document against Payment (D/P) : document will be released to importer upon payment  
  • Document against Acceptance (D/A) : document will be released to importer upon acceptance 

Benefits

  • Enhance financial liquidity and improve working capital management 
  • Be assured to receive the payment through our collection service 

Fees and Charges

Pre-arranged fees & charges 

Required Documents

  • Original Shipping Documents 

(e.g Commercial , Financial, Transport, Official and Insurance documents)