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For companies with annual turnover up to 1 mln BGN

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For companies with annual turnover above 1 mln BGN

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For agri producters

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For freelancers with annual turnover below 1 mln BGN

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Export Letter of Credit

Export Letter of Credit is being issued in your favour in your capacity as our client. This is an irrevocable commitment of the bank of the buyer  for payment of an agreed sum upon provision of commodity disposal documents, under determined terms, conditions and deadlines.


  • Certainty that the buyer will receive his/her/its money upon provision of regular documents
  • Guarantee that the bank -issuer of the L/C - will pay, regardless of the buyer’s willingness
  • The buyer cannot refuse payment under any pretext whatsoever
  • Suitable for exporters, penetrating new markets with unknown to them trade partners
  • Recommendable upon settlement with counter parties from countries of higher risk profile
  • Amendments to the terms and conditions under the Letter of Credit cannot be made without the seller’s explicit consent
  • UBB ensures confirmation of L/Cs, issued in your favour
  • UBB adds its commitment for payment to that of the issuing bank, which provides you with double security. The confirmation is an independent commitment for payment by UBB.
  • The export Letter of Credit may also be used as means of payment in the cases when sold goods are being delivered directly by a third party
  • The L/C may be used as a credit instrument in the cases when there is a negotiated deferred payment for the shipped goods. In such cases UBB offers discounting of L/Cs.


Through discounting of receivables under an export L/C we enable you to:

  • Cover your needs of financial resources over the deferred payment period
  • Be sure that UBB is going to fully take the risk of the issuing bank and is going to discount up to 100% the amount of the confirmed payment
  • Be rendered the service within a day

Terms and Conditions

  • As an advising bank UBB processes only authentic export L/Cs
  • Transaction-related claims are to be settled outside the L/C
  • Discounting of receivables should be documented in an assignment agreement, under which the future receivable is being transferred to the bank
  • The expenses for discounting the receivables equal an annual discount percentage, which is being accrued on the actual number of days, for which the discounting has been made.

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Import Letter of Credit

The Import Letter of Credit is an irrevocable commitment of UBB for payment of pre-agreed amounts to your supplier upon presentation of credit comfort documents.

Cargo Insurance

Cargo Insurance through UBB Insurance Broker is an efficient way to spend your time and insurance-related funds

Products For Large Corporate Clients

Aimed to finance large-scale projects through the entire product range of UBB. Applicable to implementation of large and key investment projects.