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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.-