Letters of credit

Import letters of credit


Letter of credit issuance (1)	€100
Letter of credit amendment	€50
Letter of credit cancellation	€35
Checking of documents (for each set of documents) (2)	0.18% of the amount, min. €80
Payment of documents	€60
Deferred payment administration	€30
Letter of credit non-utilization (not applicable to standby letter of credit)	€35
Documents discrepancy fee (paid by beneficiary of the letter of credit)	€125
Return of unpaid documents	€30
Assignment of goods	€30
Preparation of letter of credit or it's amendment draft	As agreed, min. €50
Preparation of inquiry or information at the customer's request	€30
Documents handling and sending by courier abroad / locally	€55 / €17
Agreement/Agreement amendment	As agreed

(1) If a letter of credit issued is not fully secured by cash cover, interest indicated in the agreement is calculated additionally.
The Bank does not pay any interest for funds reserved as cash cover.
The same fees and interest apply for the issuance or amendment of standby letter of credit as for the issuance or amendment of a guarantee.
(2) If Luminor Bank AS Lithuanian branch is both the issuing and advising bank for the same letter of credit, and documents are submitted directly to Luminor Bank AS Lithuanian branch, the checking of documents fee is 0.09%, min. €40.

More information about Letters of credit can be found here.

Export letters of credit


Advice of letter of credit	€50
Advice of letter of credit amendment	€35
Handling/Checking of documents (for each set of documents) (1)	0.18% of the amount, min. €80
Payment of documents	€30
Pre-checking of documents (for each set of documents)	€50
Deferred payment administration	€30
Return of unpaid documents	€30
Confirmation of letter of credit	As agreed, min. €100
Transfer of letter of credit	0.3% of the transferred amount, min. €150
Checking of documents substituted under a transferable letter of credit	€30
Discounting of letter of credit documents	As agreed, min. €100
Reimbursement claim	€25
Advice of assignment of proceeds	€45
Assignment of proceeds	0.1%, min. €100
Preparation or review of letter of credit or it's amendment draft	As agreed, min. €50
Preparation of inquiry or information at the customer's request	€30
Documents handling and sending by courier abroad / locally	€55 / €17
Fees for customers of other banks:
Advice of letter of credit	€100
Advice of letter of credit amendment	€100

(1) If Luminor Bank AS Lithuanian Branch is both the issuing and advising bank for the same letter of credit, and documents are submitted directly to Luminor Bank AS Lithuanian Branch, the handling/checking of documents fee is 0.09%, min. €40.

More information about Letters of credit can be found here.