GEO
Documentary operations

Liberty Bank offers you letters of credit, various types of local and international bank guarantees and documentary collections

Liberty Bank offers you letters of credit, various types of local and international bank guarantees and documentary collections.
Banking products related to documentary operations, safeguards you and your business partners against risks associated with international trade transactions. They also secure due fulfillment of your liabilities during tenders and other business relationships.
For the purpose of sustainable and safe development of your business, Liberty Bank offers you following banking products associated with documentary operations:

Local and International bank guarantees:

  • Tender guarantees/Bid bonds;
  • Performance guarantees/Performance bonds;
  • Advance payment guarantees;
  • Money retention guarantees;
  • Payment guarantees;
  • Customs guarantees.

Documentary letters of credit:

  • Import and export documentary letters of credit.

Documentary collections:

  • Import and export documentary collections.
  • Local bank guarantee fees

 

Local bank guarantee fees  
Issuance of the guarantee secured by cash from annual 3.6%, min. 10 units in guarantee currency per month
Issuance of the guarantee secured by the counter guarantee from annual 1.2%, min. 10 units in guarantee currency per month
Issuance of the guarantee secured by other collateral from annual 4.8%, min. 10 units in guarantee currency per month
Issuance of the non-collateralized guarantee from annual 6%, min. 10 units in guarantee currency per month
Amendment of the guarantee terms 50 units in guarantee currency per each set of amendment
Payment against demand 0.2% min. 50 units in guarantee currency
Other additional charges factual / as agreed

 

International bank guarantee and standby LC fees  
Issuance of the guarantee secured by cash from annual 3.6%, min. 100 units in guarantee currency per month
Issuance of the guarantee secured by the counter-guarantee from annual 1.2%, min. 100 units in guarantee currency per month
Issuance of the guarantee secured by other collateral from annual 6%, min. 100 units in guarantee currency per month
Issuance of the non-collateralized guarantee from annual 8.4%, min. 100 units in guarantee currency per month
Amendment of the guarantee terms 100 units in guarantee currency per each set of amendment
Payment against demand 0.2% min. 100 units in guarantee currency
Advising without any liability 100 units in guarantee currency per notification
Courier/postage fees 90 units in guarantee currency
Correspondent bank and other additional charges factual / as agreed

 

Documentary letters of credit Fees  
Issuance of LC secured by cash from annual 1.2%, min. 100 units in LC currency per month
Issuance of LC secured by other collateral from annual 6%, min. 100 units in LC currency per month
Issuance of non-collateralized LC from annual 8.4%, min. 100 units in LC currency per month
Amendment of the LC terms 100 units in LC currency per each set of amendment
Pre-advising 100 units in LC currency
Advising without any liability 100 units in LC currency per notification
Taking up of documents/Payment 0.15%, min. 100 units in LC currency per each set of documents
Fee for discrepant documents 100 units in LC currency per each set of discrepant documents
Confirmation (by sight payment, differed payment, acceptance of draft) from annual 1.2%, min. 100 units in LC currency per month
Transfer 0.15% min. 100 units max. 300 units in LC currency
Discounting of documents 400 units in LC currency plus agreed discount rate
Courier/postage fees 90 units in LC currency
Correspondent bank and other additional charges factual/as agreed

 

Documentary Collection Fees  
Issuance of the documentary collection 0.2% min 100 units in doc. collection currency
Amendment of instructions 100 units in doc. collection currency per each set of amendment
Advising to the drawee 100 units in doc. collection currency per each notification
Delivery of documents to the drawee against payment or acceptance 0.2% min 100 units in doc. collection currency
Delivery of documents to the drawee without payment 0.2% min 100 units in doc. collection currency
Delivery of the goods to the drawee consigned to the bank 0.2% min 100 units in doc. collection currency
Protest Bank does not do the protest
Courier/postage fees 90 units in doc. collection currency
Correspondent bank and other additional charges factual / as agreed