PROCEDURE

 

STEP 01

 

APPLICATION PROCESS

 

SBLC application to be completed and returned along with the sales contract and/or proforma invoice.

 

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STEP 02

 

DRAFT ISSUANCE

 

The documents are analysed and an SBLC draft verbiage is issued for your reference.

 

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STEP 03

 

FINAL REVIEW AND INSTRUMENT CHARGES

 

Any amendments to the SBLC draft will be done and confirmed.

Final SBLC draft will be provided by us and then signed and stamped from your company and supplier. 

We will issue an invoice for the SBLC charges.

 

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                                                                                 STEP 04     (This Step Can Be Skipped)

 

ISSUANCE OF PRE-ADVICE (MT799)

 

Our bank will issue a pre-advice swift to your supplier's bank.

The supplier's bank responds to the swift with an RWA (Ready, Willing and Able) swift giving their acceptance to receive the SBLC

 

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STEP 05

 

ISSUANCE OF SBLC (MT760)

 

Our bank issues SBLC to your supplier's bank.

We will provide you with a swift copy confirming the issuance.

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