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Product and Service 
International Business |
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Service
1. EXPORT
1.1 Advice Letter of credit (Advice LC)
BAAC receives a letter of credit transmitted from overseas bank and checks whether the LC is complete, correct and authentic before advising the exporter to receive the LC.
Charge
THB 800
1.2 1.2 Collect money from export
BAAC collects documents under LC or BC from exporter and sends to overseas bank for collecting money so that exporter in Thailand gets money conveniently.
Charge / LC
Starts with THB 1,000
Charge /BC (D/P, D/A)
THB 800
2. IMPORT
2.1 Issue a Letter of credit (LC) and Domestic Letter of Credit (DLC)
BAAC issues a letter of credit (LC) and Domestic Letter of Credit (DLC) to seller in favor of buyer to secure product/service payment for seller. The seller will receive money from the bank instead of getting product/service payment from the buyer.
A letter of credit also ensures that buyer receives goods he purchases as agreed in the LC or DLC.
Charge
LC 1/4 % of payment amount / 3 month (minimum THB 1,000)
DLC 1/5 % of payment amount/month (minimum THB 1,000)
2.2 Bill for collection (BC-D/P, D/A)
BAAC collects payment from importer under Bill for Collection (BC) as required by exporter. Importer receives goods as agreed in BC.
Charge
1/8 % of payment amount / 3 months (minimum THB 1,000)
2.3 Shipping guarantee (SG)
BAAC issues shipping guarantee for importer to submit to shipping company so that importer can receive goods. This shipping guarantee is used in case goods arrive in Thailand before import documents. Therefore; importer saves storage fees, time and opportunity cost of production.
Charge
THB 500/ month
2.4. Delivery Order: (D/O)
BAAC provides service in endorsing delivery order (D/O) form so that importer submits to air freight forwarder to get goods.
Therefore; importer saves storage fee, time and opportunity cost of production.
Charge
THB 500
2.5. Forward Contract
BAAC reduces the risk of buyer and seller from exchange rate fluctuation by issuing forward contract.
Customer not only reduces risk from exchange rate fluctuation but also knows the certain cost and income.
Charge
Free of charge
Document needed
Document as specified by the BAAC.
Point of contact
BAAC branches in provinces as follows: Nakornratchasima, Ratchaburi, Samutprakarn, Chonburi, and Rayong
For further Information
International Business Section, +66 2280 0180 ext 3361- 4 or BAAC call center +66 2255 0555
S.W.F.T.CODE/BIC : BAABTHBK
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