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    PBL
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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) 9551614 FAX: 880-2-9564009 or e-mail us at gsdd@pubalibankbd.com
    Foreign Currency Rates
    Currency Buying Selling
    USD 84.50 86.80
    EURO 99.45 104.10
    GBP 114.15 120.15
    News & Events

    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