TRADE FINANCE SERVICE

Woori Bank Cambodia Plc. offers you Letter of Credit, Bank Guarantee, Documentary Collection, Standby Letter of Credit, Advising & Negotiation, as well as many other services in international trade for both importing and exporting businesses.

Available Services

A letter of credit

  • is a buyer’s bank undertaking to effect payment in favour of a seller if it has fulfilled the terms and conditions of the letter of credit. This is the most secure and commonly used instrument in international trade finance.

A bank guarantee

  • is an irrevocable undertaking of the issuing bank (guarantor) to pay to the guarantee receiver (beneficiary) if certain obligations of the applicant are not fulfilled or partially fulfilled.

A documentary collection

  • is a method of trade finance in which an exporter's bank forwards documents to an importer's bank and collects payment for shipped goods. A buyer is able to receive the goods only after the payment is made or the documents are accepted to be paid in some certain dates or conditions in the future.

Benefits

Payment Security

  • The buyer bank (Woori bank) will response on the payment upon we received all documents complying with term and condition under letter of credit and reduces any risk of payment that may occur during business operations.

Convenience and Time-saving

  • Trade finance services play an important role in assisting traders in streamlining trade from one country to another smoothly and efficiently.

Fee and Charges

Import Documentary Collection
Document Handling Fee

0.15% (min. USD30)
Settlement Fee

USD25

Export Documentary Collection
Document Handling Fee

0.15% (min. USD100)
Courier Fee

USD50 each

Import Letter of Credit

Issuance Fee
Under Cash Cover: 0.10% p.m1, (min. USD30),  Cable  Charge USD30
Under Credit Line: 0.10% p.m1, (min. USD30),    Cable  Charge USD30
Amendment amount and Validity

Same as issuance fee
Amendment all other

USD50 each
Settlement Fee

0.15% (min. USD25),  plus Cable Charge USD15
Document Examination

0.125% (min. USD30)
Cancellation Fee

USD50
Acceptance Fee

Same as issuance fee
Reimbursement Fee

USD40 (Deducted from proceeds)
Discrepancy Fee

USD50 (Deducted from proceeds)

Export Letter of Credit
Advising Fee

USD30
Advising of Amendment

USD30
Document Examination

0.20% (min. USD50)
Acceptance Fee

0.12% p.m1, (min. USD30)
Courier Fee

USD50 each

Bank Guarantee/Standby Letter of Credit
Shipping Guarantee under LC

USD50
Issuance Fee
Under Cash Cover: 0.10% p.m1, (min. USD25)
Under Credit Line: 0.10% p.m1, (min. USD50)
Amendment amount and Validity

Same as issuance fee
Amendment all other

USD35 each
Cancellation Fee

USD35
Cable Charge

USD30
Payment of Claim

0.10% (min. USD100) (deducted from proceed)
  • Note * 1per month
  • Terms and conditions applied!

How To Apply

  • Please visit our Woori Bank’s Head Office with the required of Sales Contract or Pro-forma invoice, etc.
  • For more information, please contact us at 023 96 3333, 081331333 or email to international.trade@wooribank.com.kh for more details
Contact us