How do you collect bank charges for opening L/C?
For opening L/C, bank charges are collected as follows;
1/4% per (3) month of L/C opening amount
(Minimum – USD 50/-, Maximum – USD 1500/-) equivalent MMK
- USD 50/- (equivalent MMK) for L/C Amendment
- USD 1/4% per (3)month of L/C Balance Amount (equivalent MMK) for L/C Extension
- USD 30/- (equivalent MMK) for L/C Cancellation
