Most common questions about international trade

How much do export letters of credit cost?

You pay a fee:

  • 0.10% for the notification – €20 minimum charge
  • 0.25% for the confirmation per indivisible quarter – €35 minimum charge
  • 0.40% for the execution or settlement – €35 minimum charge
  • 0.20% for transfer to another beneficiary – €20 minimum charge

Moreover, you pay:

  • €20 for cancellation or non-execution
  • €15 for amendment
  • €30 for reimbursement instructions
  • €40 per document pre-checking

Have a look at the commissions and other charges.

How much do import letters of credit cost?

You pay a fee:

  • 0.30% for the issuance – €40 minimum charge
  • 0.20% for confirmation per indivisible quarter – €30 minimum charge
  • 0.80% for guarantee or unsecured letter of credit – €45 minimum charge
  • 0.45% for the execution or settlement – €40 minimum charge
  • 0.30% for deferred payment undertaking – €20 minimum charge

You get 30% discount on issuance, confirmation and execution or settlement with a Smart Save sight account

Moreover, you pay:

  • €30 for amendment
  • €30 for cancellation of non-executed letter of credit

Have a look at the commissions and other charges.

What documents do I need to apply for a letter of guarantee?

Participation in tender

  • Tender notice
  • Call
  • Call for expression of interest

Performance

  • Contract you have signed or draft contract
  • Letter of project award
  • Award decision

Payment

  • Invoices
  • Proforma invoices
  • Order
  • Quote
  • Contract

Advance payment

  • Contract
  • Proforma invoices
  • Order or quote

Retention

  • Contract
  • Letter of project award
  • Award decision