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Trade Finance » Export LC
Export LC
General Characteristics
Export LC is extensively used in Foreign Trade to facilitate the smooth conduct of the export business. Banks play the role of intermediaries to get the transaction through, even though the buyer and the seller may not know about each other’s background.

Export LCs clear the uncertainty between the buyer and the seller with the bank undertaking to settle the obligations in time. Export LC in favor of the customer is received by the bank, which advises the LC to the customer. When the customer ships the goods as per LC terms and submits the relevant documents to the bank, the bills are either purchased or sent for collection to the LC issuing bank.

The amounts drawn against Export LCs are endorsed on the back of the original LC.
Facilities offered
Pre Shipment credit in the form of Packing Credit
FBP-Foreign Bills Purchase
FBP-local
Relation to Other Business Processes
Credit
At the request of the customer, pre shipment credit is extended to him in the form of Packing Credit for production and packing expenses.
On submission of export documents, the customer’s bills are purchased by the bank under FBP (Foreign Documentary Bills Purchased)
Local export bills are purchased under FBP-local (Inland Documentary Bills Purchased)
Treasury
Exchange rate & NOSTRO account reconciliation
Interest
Interest is charged on Packing Credit, FBP and FBP local.
Documentation Requirements
Trade License
IRC (Import Registration Certificate)
ERC(Export Registration Certificate)
VAT Registration certificate
TIN
Bonded Warehouse License
Member Certificate issued by BGMEA/BKMEA
Approval of Textile Office
Registration of Export Promotion Bureau
Fire License
Memorandum of Articles of Association and Certificate of Incorporation (Applicable for Limited Company)
Rental contract & letter of Disclaimer from Building owner for rented factory
Application for opening of L/C
Original Export L/C / Contract received from Buyer’s Bank / Buyer
L/C Advising Letter
LCAF including HS Code
IMP
Indemnity(In Prescribed Form)
Proforma Invoice/ Indent
Updated CIB report
One set of charge document including Personal Guarantee of every director/ partner
Cover note of import related products (Money receipt with photocopy of DD/ Pay-order)
Fire Policy of factory
Form XII in case of limited/ Partnership company
Declaration of income tax of previous year
Credit report of the Supplier
NOC from previous Bank(if applicable)
Collateral security documents (if applicable)
Other documents/papers directed by Bangladesh Bank/CCI&E/Related office of Bangladesh Govt.
Charges, Commissions and Fees
Commission Name When applied
LC Advising Charges Advising the LC
LC Transfer fee Transferring the LC
SWIFT charges Advising & Transfer of LC, reminders for export proceeds, opening of LC
Document negotiation charges Negotiating the documents
Postage/DHL charges Sending the documents
Document collection charges Collecting the documents
LC Amendment commission Amendment of LC
LC Cancellation charges Cancellation of LC
Discrepancy Charges Informing discrepancies
Acceptance commission Acceptance of deferred LC
DD/PO commission Local payment
Stationery charges Opening Import LC
IRC renewal fee Renewal of IRC
Other charges Any time
LC opening commission Opening of LC
FCC Opening of LC & amendment
VAT Opening of LC & amendment & Local payment
Source Tax Export proceed realization
Handling charges Export proceed realization
Business Event
Export LC Advising
Export LC Transfer
Export Bill Lodgment
Local Export
Export and Export Proceeds Realization
For any query please Contact at: Tel: (PABX) 02223381614 FAX: 880-2-9564009 or e-mail us at gsdd@pubalibankbd.com
Foreign Currency Rates
Currency Buying Selling
USD 115.50 116.00
EURO 126.50 131.75
GBP 146.25 152.50
News & Events

Date: 04 February 2024
Pubali Bank organizes ''Orientation Program'' for newly recruited Senior Officers and Officers.

 

Date: 10 December,2023
Pubali Bank PLC holds 'Annual Risk Conference-2023'.

 

Date: 12 December,2023
Pubali Bank PLC signs MoU with Air Astra.

 

Date: 01 November,2023
Pubali Bank PLC holds Managers' Conference-2023 of Chattogram Region.

 

Date: 10 September,2023
Pubali Bank Limited celebrates 1400th Board Meeting.

 

Date: 21 August,2023
Press Release.

 

Date: 23 July,2023
Press Release.

 

Date: 20 June,2023
Press Release.

 

Date: 11 July,2023
Pubali Bank Ltd. signs agreement with Bangladesh Rural Electrification Board.

 

Date: 19 June,2023
Pubali Bank Ltd. signs MoU with Bproperty.

 

Date: 08 June,2023
Pubali Bank Ltd. signs Agreement with Dutch-Bangla Bank Ltd.

 

Date: 08 June,2023
Monzurur Rahman Re-elected Chairman of Pubali Bank Ltd.

 

Date: 08 June,2023
Pubali Bank Ltd. holds 40th Annual General Meeting (AGM).

 

Date: 19 February,2023
MD & CEO sir's speech about 4IR in the Financial Express.

 

Date: 11 February,2023
Pubali Bank Ltd. holds 'Annual Managers' Conference-2023'.

 

Date: 29 January,2023
Pubali Bank Ltd. holds Managers' Conference.

 

Date: 24 January,2023
Pubali Bank Ltd. gets Remittance Award by the Centre for NRB.

 

Date: 21 January,2023
Press Release.

 

Date: 16 January,2023
Pubali Bank Ltd. donates Tk. 04(Four) Crore to Home Construction Project of Prime Minister.

 

Date: 08 January,2023
Pubali Bank Ltd. signed agreement with Bangladesh Bank.

 

Date: 13 November,2022
Pubali Bank Ltd. signs MoU with ICAB.

 

Date: 16 November,2022
Pubali Bank Ltd. inaugurates Zinzira Sub-branch.

 

Date: 20 October,2022
Pubali Bank Ltd. inaugurates Boro Moghbazar Sub-branch.

 

Date: 17 September,2022
Pubali Bank Ltd. holds Managers' Conference.

 

Date: 23 August,2022
Pubali Bank Ltd. signs MoU with Yashoda Hospitals, Hyderabad of India.

 

Date: 31 May,2022
Monzurur Rahman Re-elected Chairman of Pubali Bank Ltd.

 

Date: 31 May,2022
Pubali Bank Ltd. holds 39th Annual General Meeting (AGM)

 

Date: 05 January,2022
Press Release

 

Date: 02 January,2022
Pubali Bank Ltd. gets ICMAB Best Corporate Award

 

Date: 08 December, 2021
Press Release.

 

Date: 09 December, 2021
Press Release.

 

Date: 19 December, 2021
Press Release.

 

Date: 24 November,2021
Pubali Bank Limited inaugurates transaction service with bkash

 

Date: 31 October,2021
Pubali Bank Ltd. donated blankets to Prime Minister’s Relief fund

 

Date: 23 September,2021
Pubali Bank Ltd. signs Agreement with Bangladesh Bank

 

Date: 06 September,2021
Pubali Bank Ltd. inaugurates ATM Booth at Kishoreganj

 

Date: 17 August,2021
Condolence.

 

Date: 03 August,2021
Pubali Bank Ltd. holds countrywide 3rd Virtual Conference 2021.

 

Date: 06 July,2021
Article published on Prothom Alo News paper on 05.07.2021 written by our Honorable Managing Director & CEO, Safiul Alam Khan Chowdhury,Pubali Bank Ltd.

 

Date: 27 June,2021
Pubali Bank Ltd. inaugurates ATM Booth at traditional Sadarghat Launch Terminal, Dhaka.

 

Date: 03 June,2021
Monzurur Rahman Re-elected Chairman of Pubali Bank Ltd.

 

Date: 03 June,2021
Pubali Bank Ltd. holds 38th Annual General Meeting (AGM).

 

Date: 18 April,2021
03 (Three) new DMDs in Pubali Bank Ltd.

 

Date: 12 April,2021
Safiul Alam Khan Chowdhury, Managing Director of Pubali Bank Ltd.

 

Date: 05 April,2021
Pubali Bank Ltd. holds 1st Managers’ Conference-2021 of Mymensingh Region.

 

Date: 17 January,2021
Pubali Bank Ltd. awarded by Dhaka WASA.

 

Date: 11 November 2020
M. Azizul Haq, present Independent Director and Chairman of the Audit Committee & former Chairman of the Board of Directors of Pubali Bank Limited, passed away.

 

Date: 09 August 2020
Pubali Bank Ltd. donated a Bus to Bangabandhu Sheikh Mujib Medical University (BSMMU).

 

Date: 04 August 2020
Press Release.

 

Date: 30 July 2020
Monzurur Rahman elected Chairman of Pubali Bank Ltd.

 

Date: 30 July 2020
Pubali Bank Ltd. holds 37th Annual General Meeting (AGM).

 

Date: 21 July 2020
Pubali Bank Ltd. holds 2nd Conference-2020(Virtual) of Regional and Corporate Branch Managers.

 

Date: 07 July 2020
Pubali Bank Ltd. holds countrywide online conference with all branch managers’ participation

 

Date: 30 June 2020
Mohammad Ali new Additional Managing Director of Pubali Bank Ltd

 

Date: 11 February 2020
Pubali Bank Ltd. holds 1st Managers’ Conference-2020 of Moulvibazar Region

 

Date: 27 January 2020
"Dhaka Angel Lions Club" distributed cloths among cold stricken people

 

Date: 24 December 2019
Pubali Bank Limited inaugurates 480th branch at Sonargaon Janapath, Uttara

 

Date: 12 December 2019
Pubali Bank Limited inaugurates 476th branch at Kalihati, Tangail

 

Date: 05 December 2019
Pubali Bank Ltd. organizes CLS Agent Conference 2019

 

Date: 28 November 2019
Pubali Bank Ltd. inaugurates Islamic Banking Window At Gulshan Corporate Branch, Dhaka

 

Date: 13 July 2019
Pubali Bank Ltd. holds 2nd conference-2019 of Regional and Corporate Branch Managers

 

Date: 20 May 2019
M. Azizul Huq elected Chairman of Pubali Bank Ltd.

 

Date: 19 May 2019
Pubali Bank Ltd. holds 36th Annual General Meeting (AGM).

 

Date: 25 April 2019
36th (Thirty Sixth) Annual General Meeting(AGM) of Pubali Bank Limited will be held on 19 May 2019.

 

Date: 11 April 2019
Pubali Bank Ltd. inaugurates its Renovated `Chairman’s Secretariat’, `Board Room’ and `MD’s Secretariat’.

 

Date: 21 March 2019
Pubali Bank Ltd. inaugurates ATM Booth at Agricultural University, Mymensingh.

 

Date: 17 February 2019
Pubali Bank Ltd. holds 1st Managers’ Conference-2019 of Rangpur Region.

 

04 January 2019
Pubali Bank Ltd. holds 1st Managers’ Conference-2019 of Chattogram South Zone.

 

03 January 2019
Pubali Bank Ltd. holds 1st Managers’ Conference-2019 of Chattogram North Zone.

 

December 31, 2018
Safiul Alam Khan Chowdhury re-appointed as Additional Managing Director of Pubali Bank Ltd.

 

December 05, 2018
Pubali Bank Ltd. organizes “Orientation Program” for newly recruited Armed Guards.

 

November 13, 2018
Pubali Bank Limited awarded as the highest tax-payer by NBR.

 

October 18, 2018
A training course on ‘Foundation Training for Senior Officers & Officers’.

 

October 17, 2018
Pubali Bank Ltd. organizes Fire Safety Training & Fire Drill.

 

October 11, 2018
Pubali Bank Ltd. holds 2nd Managers’ conference-2018 of Mymensingh Region.

 

September 30, 2018
Pubali Bank Ltd. donates 15 lac taka to Shahjalal University for Research Purpose.

 

August 12, 2018
Pubali Bank Ltd. holds 2nd Managers’ Conference-2018 of Dhaka North.

 

August 09, 2018
Pubali Bank Ltd. donated an Ambulance to Dhaka National Medical Institute Hospital.

 

July 25, 2018
Disclosure relating to un-audited Half-Yearly (Q2) Financial information.

 

July 16, 2018
A training course on ‘Foundation Training for Senior Officers & Officers’

 

July 16, 2018
Pubali Bank Ltd. appointed Muhammad Mijanur Rahman Joddar as AMD-1.

 

May 20, 2018
Vice-Chairman of Pubali Bank Ltd. elected.

 

May 10, 2018
Pubali Bank Ltd. holds 35th Annual General Meeting (AGM)

 

May 10, 2018
Chairman of Pubali Bank Ltd. Re-elected for 02(two) years

 

April 30, 2018
Pubali Bank Limited honoured with plaque by the Centre for NRBs

 

April 17, 2018
Pubali Bank Ltd. signs MoU with BRAC Services Ltd

 

April 15, 2018
Pubali Bank Limited donated Tk.5 (five) crore to the Honourable Prime Minister’s Relief & Welfare fund.

 

February 22, 2018
Pubali Bank Ltd. signed agreement with Bangladesh Bank.

 

January 22, 2018
Pubali Bank Ltd. donated a Pick-up to DMP.

 

January 15, 2018
Pubali Bank Ltd. signed agreement with Bangladesh Bank.

 

November 28, 2017
Pubali Bank Limited donated 50,000 blankets to Prime Minister’s Relief fund.

 

November 27, 2017
Pubali Bank Ltd. inaugurates 458th branch at Melandaha Bazar, Jamalpur.

 

November 08, 2016
A training course on ‘Foundation Training for Senior Officers & Officers’ was held recently under the auspices of Pubali Bank Training Institute.

 

November 03, 2016
Pubali Bank Ltd. holds 4th conference-2016 of Regional and Corporate Branch Managers .

 

November 03, 2016
Pubali Bank Ltd. holds 4th conference-2016 of Regional and Corporate Branch Managers .

 

November 02, 2016
Pubali Bank Limited donates Tk. 20(Twenty) Lac to Dhaka Bar Association .

 

October 27, 2016
Pubali Bank Ltd. organizes Follow up Meeting with the CLS Agents on Consumers Credit Scheme .

 

October 23, 2016
Pubali Bank Ltd. gives bicycle to girls of Monir Ahmed Academy, Sylhet .

 

October 19, 2016
Pubali Bank Ltd. inaugurates its shifted Gulshan Model Town Corporate Branch.

 

March 01, 2015
Pubali Bank Ltd. recommended for 10% Cash Dividend for the year 2014.

 

February 23, 2015
Md. Abdul Halim Chowdhury new Managing Director of Pubali Bank Ltd.

 

February 22,, 2015
1st Managers’conference-2015 of Dhaka South Region of Pubali Bank Ltd. held.

 

All News