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Documentary operations

Bank guarantees Letters of credit
Letters of credit

Commercial, Reserved Stand-by, Confirmed/Unconfirmed, Revocable/Irrevocable

Letters of credit
Tariffs
  • Please review the Bank’s fees for transactions with letters of credit

For import letters of credit

Type of service Fee rate (Note: the fees remain fixed irrespective of the currency of the transaction)
Opening of a letter of credit 0.2 % min. 100 AZN
Review of documents (per documentation pack) 0.1 % min. 50 AZN
Inquiry to foreign banks following inconsistency in documents 20 AZN
Transfer of funds under a letter of credit (per transfer) 0.1 % min. 20 AZN max. 300 AZN
Increase of amount (of the amount of increase) 0.2 % min. 50 AZN
Modification of terms or cancellation of a letter of credit (except for the increase of the amount) 50 AZN

For export letters of credit

Type of service Fee rate (Note: the fees remain fixed irrespective of the currency of the transaction)
Notification of a letter of credit (without confirmation of the Bank) 0.1% min. 50 AZN
Notification of a letter of credit (with confirmation of the Bank) 1.5 % per annum min 50 AZN (for every complete or incomplete quarter)
Review of documents (per documentation pack) 0.1% min 50 AZN
Inquiry to foreign banks following inconsistency in documents 20 AZN
Transfer of a letter of credit 0.1% min. 50 AZN
Increase of amount of a letter of credit (without confirmation of the Bank) 0.1% min. 50 AZN
Increase of amount of a letter of credit (with confirmation of the Bank) 1.5 % per annum min 50 AZN (for every complete or incomplete quarter)
Modification of terms or cancellation of a letter of credit (except for the increase of the amount) (*) 50 AZN