Import Service

Import Department provides the following services for the importers. 

(a) Import Letter of credit
(b) Collection 

(a) Import Letter of credit

  • Issuing Import Letter of Credit
  • Amendment of Import Letter of Credit (L/C Extension +L/C Amount Increase +L/C Amount Decrease + L/C Cancellation)
  • Import Payment under Letter of Credit
  • Import Payment under Bills for Collection (DP/DA)
  • Shipping Guarantee Issuance
Required Documents for Opening Import Letter of Credit
 
  • Filling in the four LC Application Forms and stamping with MMK 200 Special Stamp duty on the original among these forms and signing on them.
  • Import License (If need)
  • Sale Contract/Performa Invoice
  • Debit Authority Letter with Company Letter Head
  • Application Letter
Service Charges
  • L/C Opening Commission: 0.25% on L/C amount per 3months (or) Part thereof (Min USD 50, Max USD 1500) +Swift Charges USD 3
  • Amendment: L/C Date Extension & L/C amount increase 0.25% per 3 months (or) Part thereof (Min USD 40 + Swift Charges USD 2) amount decrease
  • Other Amendment: USD 40 + Swift Charges USD 3
  • Bill Handling Commission: USD 50+ Swift charges USD 3
  • Discrepancies: USD 50
  • L/C Cancellation: USD 30 + Swift Charges USD 3

(b) Collection 

The buyer sent the documents from (collecting bank) Presenting unless buyer made payment or accepted the bill of exchange as agreed.
 
Service Charges
  • 0.50% on Bill Amount (Min USD 50) +Swift Charges USD 3