BNCTL
“BNCTL provides Documentary Credit (CD)/Letter of Credit to facilitate transactions between buyers and sellers. LC is a document from the bank that guarantees that the buyer will pay the seller on time and in the right amount.”
Letter of Credit Fee:
Provision / Commission Open LC up to USD 500,000: (0.16875%).
Provision / Commission Open LC more than USD 500,000: (0.09375%).
Cancellation LC: (USD 20).
Advice LC: (USD 10).
Amendment: (USD 25).
Charge SWIFT Message: (USD 75).
Criteria for Issuing LC:
1. There is a contract between the buyer and the seller.
2. Cash guarantee in BNCTL bank account.
3. Fill out the Letter of Credit form prepared by the bank.
4. Pay the cost of the Letter of Credit.
5. Pay the SWIFT cost.
“It is a type of guarantee that is offered to the client with the objective that the client can participate in tendering for certain projects as requirements determined by the project owner / beneficiary. Guarantee 15% of the guarantee value.”
Requirements:
1. Request letter addressed to CA members.
2. Copy of electoral card/identity card/passport.
3. Copy of company's bank account details and IBAN number.
A valid company profile:
1. Economic Activity License (SERVE).
2. Commercial business registry certificate (SERVE).
3. Debt certificate.
4. Company statutes.
5. Company structure.
6. Map of company office location.
7. Copy of tender notification (BID SECURITY).
8. A recommendation letter from the beneficiary (applicable as guarantee from another Bank).
BID Security Fee:
Up to USD 4,999.00: (USD 20.00/Month)
USD 5,000.00 – 49,999.00: 0.40%/Month
USD 50,000.00 – 99,999.00: 0.45%/Month
USD 100,000.00 – 499,999.00: 0.60/Month
USD 500,000.00 – 999,999.00: 0.95%/Month
≥USD 1,000,000.00: 1.75%/Month
NB:
Fee for urgent matters within 48 hours will be charged USD 100.00. 24 hours will be charged USD 175.00.
Taxa para os assuntos urgentes dentro de 48 horas será cobrada de USD 100.00. de 24 horas USD 175.00.
15% for cash collateral.
“A guarantee, similar to a bank guarantee, is offered to clients based on the project's requirements or beneficiary needs. This follows the implementation guidelines for the project or service as outlined in the service contract that has been signed. The guarantee covers 100% of the guarantee value.”
Requirements:
1. Request letter addressed to CA members.
2. Copy of electoral card/identity card/passport.
3. Copy of company's bank account details and IBAN number.
A valid company profile:
1. Economic Activity License (SERVE).
2. Commercial business registry certificate (SERVE).
3. Debt certificate.
4. Company statutes.
5. Company structure.
6. Map of company office location.
7. Copy of tender notification (PERFORMANCE BONDS).
8. A recommendation letter from the beneficiary (applicable as guarantee from another Bank).
Performance Bond Fee:
To'o USD 4,999.00: (USD 15.00/Month)
USD 5,000.00 – 49,999.00: 0.15%/Month
USD 50,000.00 – 99,999.00: 0.13%/Month
USD 100,000.00 – 499,999.00: 0.11/Month
USD 500,000.00 – 999,999.00: 0.09%/Month
≥USD 1,000,000.00: 0.07%/Month
NB:
The fee for urgent matters within 48 hours will be charged USD 100.00. 24 hours will be charged USD 175.00.
Taxa para os assuntos urgentes dentro de 48 horas será cobrada de USD 100.00. de 24 horas USD 175.00.
15% for cash collateral.
“It is a type of guarantee bank offered to the client for the requirements of the Project Owner/Beneficiary according to the guidance for the maintenance of the project with a determined duration of time, according to the same service contract.”
Requirements:
1. Request letter addressed to CA members.
2. Copy of electoral card/identity card/passport.
3. Copy of company's bank account details and IBAN number.
A valid company profile:
1. Economic Activity License (SERVE).
2. Commercial business registry certificate (SERVE).
3. Debt certificate.
4. Company statutes.
5. Company structure.
6. Map of company office location.
7. Copy of tender notification (RETENTION BOND).
8. A recommendation letter from the beneficiary (applicable as guarantee from another Bank).
Retention Bond Fee:
To'o USD 4,999.00: (USD 15.00/Month)
USD 5,000.00 – 49,999.00: 0.15%/Month
USD 50,000.00 – 99,999.00: 0.13%/Month
USD 100,000.00 – 499,999.00: 0.11/Month
USD 500,000.00 – 999,999.00: 0.09%/Month
≥USD 1,000,000.00: 0.07%/Month
NB:
Fee for urgent matters within 48 hours will be charged USD 100.00. 24 hours will be charged USD 175.00.
Taxa para os assuntos urgentes dentro de 48 horas será cobrada de USD 100.00. de 24 horas USD 175.00.
15% for cash collateral.