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Remittance

Letter of Credit Issuance​

SHWE Bank offers letter of credit issuance services to you (Importer) to facilitate the payment to your supplier for the goods or services you purchased provided your oversea supplier meet the terms and conditions stated in the issued Letter of Credit. 

Benefits

  • The most secured payment method as the payment will only be made upon the presented documents are complied with Letter of Credit terms and conditions    
  • Same day issuance service when all required documents are presented. 

Fees and Charges

  • LC Issuing Charges – 0.25% on LC amount per 3 months (Min USD 50) 
  • SWIFT charges – USD 5 

Required Documents

  • Cover Letter with Company Letterhead 
  • Completed LC application form 
  • Sales contract 
  • Proforma invoice
  • Import license (if any) issued by Ministry of Commerce 

Inward Bills for Collection

SHWE bank offers a Bill for Collection service to buyer/importer by ensuring shipping documents are only released against payment or acceptance.  

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

  • Get flexibility in timing payments to your suppliers 
  • Enhance liquidity by using credit terms for payment 

Fees and Charges

Pre-arranged fees & charges 

Required Documents

  • Sales contract 
  • Import license (if any) issued by Ministry of Commerce 
  • Original Shipping Documents  (e.g Commercial, Financial, Transport, Official and Insurance documents) 

Trust Receipt Financing

SHWE bank provides an important liquidity option in the form of a Trust Receipt ( T/R ) for buyer/ importer in which the bank advances payment for goods and services. The buyer/ importer will pay the bank on maturity date according to the T/R term. 

Benefits

  • Collect goods first and pay later 
  • Extend your payment tenor for better cash flow management on payment cycle 
  • Build business reputation with timely payments to suppliers 

Fees and Charges

Pre-arranged fees & charges 

Required Documents

  • Trust Receipt Application Form 
  • Trust Receipt Bill of Exchange 
  • Shipping documents such as Bills of lading, Air Waybill 
  • Invoice 

Shipping Guarantee

Shipping Guarantee , a written guarantee, issued by SHWE bank on the customer instruction to shipping companies for the release of goods prior to the receipt of shipping documents which can help importers to pick up the goods in time and to avoid port demurrage charges. 

Benefits

  • Able to clear the goods before receipt of the original shipping documents 
  • Eliminate demurrage or storage charges 

Fees and Charges

Pre-arranged fees & charges 

Required Documents

  • Applicant’s application form 
  • Trust receipt (if any) 
  • Supporting documents such as Commercial Invoice, Bill of Lading 
Awards

Best Retail Bank Myanmar 2024

Best Retail Bank Myanmar 2023

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