• Identity of the ultimate buyer and seller would probably be disclosed from the documentation submitted by the ultimate seller
• If the ultimate seller is unable to submit all documents required, there is a risk of non-compliance. This can result in non-payment from the Export LC issuing bank

The Export LC should state that it is ‘transferable’ and that DBS is authorised to do this.

The terms and conditions of the Export LC and the Transferred LC should be identical, except for:

• Credit amount

• Any unit price state therein

• Expiry date

• Period for presentation

• Latest shipment date or given period for shipment

• Percentage for which insurance cover must be effected

• Name of the first beneficiary may be substituted for that of the applicant/customer

Please refer to the Trade Pricing Guide.

Submit your application form to any of our Trade Document Counters at Marina Bay Financial Centre and Jurong Gateway (Toh Guan).

Reassure your buyers or sellers of payment no matter what happens with our Banker's Guarantee / Standby Letter of Credit (SBLC).