- Trade
- Export Services
- Transferable Letter of Credit
Transferable Letter of Credit
Quick and simple way to purchase goods
- Trade
- Export Services
- Transferable Letter of Credit
Transferable Letter of Credit
Quick and simple way to purchase goods

Simple process
We transfer your received Export LC to your ultimate seller by issuing a Transferred LC

Convenient
Enjoy this service without utilising a credit facility or placing a cash deposit

Stay in the know
Monitor payment flows and ensure the outstanding balance is credited to you once paid

Advice and expertise
Access to experienced trade advisors if any technical issues arise

Secured and certified
Ensure terms of the LC match your needs before it is issued with the help of our skilled documentary specialists
- Identity of the ultimate buyer and seller would probably be disclosed from the documentation submitted by the ultimate seller
- If the ultimate seller is unable to submit all documents required, there is a risk of non-compliance. This can result in non-payment from the Export LC issuing bank
The Export LC should state that it is ‘transferable’ and that DBS is authorised to do this.
The terms and conditions of the Export LC and the Transferred LC should be identical, except for:
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Credit amount
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Any unit price state therein
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Expiry date
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Period for presentation
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Latest shipment date or given period for shipment
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Percentage for which insurance cover must be effected
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Name of the first beneficiary may be substituted for that of the applicant/customer
Do I need a credit facility to apply ? | |
No, you do not need a credit facility to apply for a Transferable LC. |
Can the transferred LC be further transferred again? | |
No, it can only be transferred to one or more second beneficiary, but cannot be further transferred. |
That's great to hear. Anything you'd like to add?
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