Export documentary letters of credit
If you are an exporter, your customer can arrange for a documentary letter of credit in your favour, with instructions to advise to Bank of Queensland. Depending on who issues the letter of credit and nature of the goods, Bank of Queensland may then be able to advance funds as pre-shipment finance against that letter of credit. You simply prepare your documents under the letter of credit and present them to Bank of Queensland who will arrange payment in terms of the letter of credit.
More information about these arrangements can be found in the section about trade finance.
Features and benefits
- exporter will receive payment for their shipment of goods (provided they meet the conditions of the letter of credit)
- can be used as a financing tool for exporters
- provides security for both importers and exporters as banks must adhere to the International Chamber of Commerce uniform rules for Letters of Credit (UCP 500).
Fees and charges
- export negotiation: 0.2% of AUD value, minimum $100, plus outlays
- export letter of credit: advised to non-customer $75.
How to apply
Contact one of our international services experts on 1300 55 72 72 or email the international services team
Important information
Products issued by Bank of Queensland Limited ABN 32 009 656 740 AFSL 244616. Fees and charges are payable. This website contains general advice. This advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of any advice before acting on it. You should obtain and consider the relevant Product Disclosure Statement (PDS), terms and conditions, Financial Services Guide and Guide to Fees and Charges for the product before making any decision about whether to acquire or continue to hold it. You can obtain a copy of those documents from any Bank of Queensland branch or from this website.