Documentary Letter of credit

Letter of Credit

Inecobank Letter of Credit reduces transaction related risks. The letter is issued as proof that the transaction amount will be transferred to the seller once all the contractual obligations are fulfilled, and the relevant documentation is presented.


Import Letters of Credit
Letter of Credit issuance fee
0.15%, minimum AMD 40 000
Checking of documents
  • Without discrepancies: AMD 15 000
  • With discrepancies: AMD 25 000
Amendment fee
AMD 30 000
Cancellation fee
AMD 30 000
Letter of Credit service fee
upon agreement
Payment for Letter of Credit
based on the transfer tariffs defined by the Bank
Export Letters of Credit
Letter of Credit advising fee
AMD 25 000
Amendment advising fee
AMD 25 000
Confirmation fee
  • In case of cash collateral: 0.5% annually, minimum AMD 40 000
  • In case of other collateral: upon agreement
Checking of documents
AMD 25 000
Payment for Letter of Credit
0.2%, minimum AMD 30 000
Standby Letters of Credit

Updated as of 10.05.2024 15:40