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Trade Services

Service

1. EXPORT

1.1 Advice Letter of credit (Advice LC)

Service Features
The Bank received the L/C that opened or advised from Oversea Bank(Issuing Bank) performs by verifying the original of L/C before notifying the Beneficiary under L/C (Exporter) for acknowledging to get the L/C or An amendment L/C in order to further the process.
Benefits
To ensure that the Bank has already verified the L/C opened from Oversea is actually real before notifying to the Exporter.

Fee Charge
THB 800

1.2 Export Bill sent for Collection under L/C (EBLC) or Export Bill sent for Collection (EBC)

Service Features
BAAC provides a service, EBLC or EBC for receiving documents under L/C or B/C for the Exporter and sending the Bill for Collection to Oversea Bank, including follow up the payment then transfer to the Exporters Bank Account later.
Benefits
To facilitate the Exporter to submit the documents under L/C or B/C for collection from the Importers Bank Overseas.

Fee Charge
Beginning from THB 1,000 per L/C
THB 800 Per D/P and D/A


2. IMPORT

2.1 Letter of Credit (L/C) or Amendment L/C

Service Features
BAAC provides a service, opening Letter of Credit (L/C) for Import Business to ensure the payment to the Exporter abroad in which all terms and conditions specified in the L/C correctly completed and complied. The Bank will have obligation to make the payment to the Exporter.
Amendment L/C service will be occurring that the Importer has already opened the L/C. After that it may be necessary to edit or change some details such as to add/reduce the amount of price, number of product, extended delivery period or the expiry date on the L/C terms and conditions of delivery etc.
Benefits
For Importer: To ensure getting the goods under the terms and conditions specified in the L/C
For Exporter: To guarantee receiving the payment under the terms and conditions specified in the L/C completely accurate.

Fee Charge
The Fee for L/C is 1/4% of the amount per period (3 months) (Minimum THB 1,000))
The Fee for DL/C is 1/5% of the amount per one month (Minimum THB 1,000)

2.2 Shipping Guarantee (S/G)

Service Features
BAAC provides a service, Shipping Guarantee for the Importer submits to the shipping company if the goods arrives the port before the bank received the original Bill of Lading.
Benefits
To reduce the cost of ports storage expenses.
To reduce the period of time and increase the opportunity of production and distribution when the goods arriving.

Fee Charge
THB 500 per month.

2.3 Delivery Order: D/O

Service Features
BAAC provides a service, Delivery Order for the receiving the goods by air cargo. Importer may request the Banks endorsement to submit to the airline company.
Benefits
To reduce the cost of Airports storage expenses.
To reduce the period of time and increase the opportunity of production and distribution when the goods arrive.

Fee Charge
THB 500 each.

2.4 Import Bill Under L/C

Service Features
BAAC provides a service, Import Bill Under L/C is the payment tool of the Importer. The Bank will collect payment from the Importer under the L/C to make the payment to the Exporter abroad that in which all terms and conditions specified in the L/C correctly completed and complied.
Benefits
The Importer can receive the goods to process the Business activity under the specific terms and conditions in the L/C that has been agreed with the Exporter.

Fee Charge
No Charge.

2.5 Import Bill Under B/C

Service Features
BAAC provides a service, Import Bill Under B/C is for the Importer to receive the Bill. The Bank will collect the payment from the Importer or the Importer have to accept the bill under the B/C when the Bank receive the documents from Oversea Bank.
Benefits
The Bank Fee Charge is cheaper than opening the L/C and the procedure is not complicated.
The Importer can inspect the goods before making a payment (in case of Documents against Acceptance: D/A)
The Importer cant make the payment immediately until the goods arrive to accept the Bill or payment.

Fee Charge
For Bill Under B/C (D/P and D/A) 1/8% of Bill amount (Minimum THB 1,000)

Forward Contract

Service Features
BAAC provides a service, Forward Contact for reducing the Importer or Exporters risks from the Foreign exchange rate fluctuations to help the customers managing the certain income/cost from international trade business. The Bank agrees the forward exchange rate with the customers by defining the currently fixed rate so the payment and purchasing will be done in a certain time in the future according to the agreement.
Benefits
To prevent risks from Foreign exchange rate fluctuations.
To acknowledge the certain(fixed) income/cost from the international business.

Fee Charge
No Charge.


Export Insurance

Service Features
BAAC provides a service, Export Insurance for preventing the risks from non-payment to the Exporter due to buyers bankruptcy, banning by the government, revolutionary wars and riots etc. If the Exporter has an export insurance, the goods will be covered up to 90 percentage of damage occurred. The Exporter can buy the several type of export insurance policies.
Benefits
To prevent the risks from non-payment to the Exporter due to buyers bankruptcy, banning by the government, revolutionary wars and riots etc.
To allow the seller gains more competitiveness because of term of payment more flexible than other seller. And also the payment will be paid as agreed.

Fee Charge
For Buyers analysis information (Depend on the insurance policy)
Premium Rate (Depend on the insurance policy)


Document needed
Document as specified by the BAAC.


Professional Service / Point of Contact / Customer Service Point
All BAAC Branches in the provinces: Chiang Rai, Tak, Udon Thani, Nakhon Phanom, Nakhon Ratchasima, Ubon Ratchathani, Phra Nakhon Si Ayutthaya, Sa Kaeo, Chonburi, Rayong, Samut Prakan, Chanthaburi, Ratchaburi, Chumporn, Ranong, Yala, Songkhla, Trang and Bangkok.


For further Information
International Business Section, Banking and International Business Department Tel. +66 2558 6100 ext 6039-41


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