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Printed by customer 2012.02.04

Letters of Credit

All prices are in Latvian Lats (LVL), if it is not specified in particular position otherwise.

20 Letters of credit
20.1 Import letter of credit (L/C)
20.1.1 Charge for issuance of  L/C
- Issuing commission 0.2% from amount for 3 month, min. Ls 100
- Letter of credit commission by agreement
20.1.2 Amendment commission 0.25% from amount, min. Ls 60
20.1.3 Changes 60.-
20.1.4 Cancellation of L/C 60.-
20.1.5 Return of discrepant documents 60.-
20.1.6 Commission for deferred payment/acceptance
(applicable where L/C provides deferred payment/acceptance)
0.15% from amount for every 90 days, min. 75.-
20.1.7 Discrepancy fee (for account of the beneficiary of the L/C) 60.-
20.2 Export Letter of Credit (L/C)
20.2.1 Preliminary advice of L/C 40.-
20.2.2 Advice of L/C 60.-
20.2.3 Advice of amendment to L/C 50.-
20.2.4 Confirmation of L/C by agreement
20.2.5 Documentary commission 0.25% from amount, min. Ls 60
20.2.6 Commission for taking up documents
(applicable if credit is available with Nordea Bank Finland Plc Latvia branch)
0.15% from amount for every 90 days, min. 75.-
20.2.7 Commission for deferred payment/acceptance
(applicable where L/C provides deferred payment/acceptance):
- If L/C is not confirmed by Nordea Bank Finland Plc Latvia branch 0.15% from amount for every 90 days, min. 75.-
- if L/C is confirmed  by Nordea Bank Plc Latvia branch 0.1% from amount for every 30 days, min 75.-
20.2.8 Cancellation of L/C 60.-
20.2.9 Return of discrepant documents 60.-
20.3 Transferable L/C
20.3.1 Transfer of L/C 0.3% from amount, min. 100
20.4 Assignment of proceeds under L/C
20.4.1 Advice of a Letter of Assignment of Proceeds 50.-
20.4.2 Sum assignment of L/C 0.1% from amount, min. 50.-
20.5 Preparation of the draft of the letter of credit (applicable only if the letter of credit is not issued) 60.-