Frequently Asked Questions about Our Financial Services

1. General Questions

Q1. What is a Letter of Credit (LC)?
→ An LC is a secured bank document guaranteeing payment to the seller if the presented documents comply with the contract terms.

Q2. Are there any upfront fees for obtaining an LC or SBLC?
→ No. All fees are paid after receipt of the document.

Q3. What is the difference between an SBLC and an LC?
→ An LC guarantees payment in the context of an international trade transaction.
→ An SBLC is a bank guarantee used for performance, rental, or payment guarantees.

Q4. How are fees calculated?
→ Fees depend on:

The type of service (LC, SBLC, BG).
The project value.
The associated risk.
The duration of the contract.
Alignment with the SDGs (5-10% discount).

2. Pricing & Costs

Q5. What are the fees for a $10M LC Sight?
→ 0.5–8% → $50K–$800K (e.g., 0.75% → $75,000).

Q6. What are the fees for a $20M SBLC (Payment)?
→ 8–12% + 2% commission → $1.6M–$2.6M.

Q7. Are there any hidden fees?
→ No. Fees are transparent and inclusive:

Issuance via SWIFT.
Document validation.
Technical support.

Q8. What discount do I receive for a green project?
→ A 5–10% discount if the project is certified SDG/ESG (e.g., LC Sight → 0.75% → $75K → $67.5K after discount).

Q9. What are the fees for an urgent transaction?
→ An additional +2–5% of standard fees (e.g., LC Sight → $75K + 5% → $78,750).

3. Banking Services & SWIFT

Q10. What is an MT700/MT710?
→ Standard SWIFT messages for issuing LCs.

Q11. What are the fees for an MT760 (SBLC)?
→ 8–15% + 2% commission depending on the type of SBLC.

Q12. Are SWIFT fees included?
→ Yes. SWIFT communication fees (MT700, MT760, etc.) are included in the pricing.

Q13. What are the timelines for an LC Sight?
→ 3–7 days for standard projects, 24 hours to 3 days for accelerated transactions.

4. Eligibility & Process

Q14. Do I need a personal guarantee for an SBLC?
→ No. SBLCs are guaranteed by the issuing bank.

Q15. What documents are required for an LC?
→ Required:

Signed commercial contract.
Invoices and shipping documents.
Completed application form.

Q16. How long does it take to issue an SBLC?
→ 15–21 days for standard projects, 7–10 days for emergencies.

Q17. Can I obtain an LC or SBLC as an individual?
→ Yes. We offer personal SBLCs (e.g., for real estate or investments).

5. Risks & Guarantees

Q18. What is a Bank Guarantee (BG)?
→ A BG is a bank guarantee covering a client’s obligations (e.g., delivery, payment).

Q19. What are the fees for a Performance BG?
→ 1–3% (e.g., $15M → $150K–$450K).

Q20. How can I reduce currency risks?
→ Use currency hedging (0.25–1% of funds).

Q21. What is the duration of guarantees?
→ From 1 to 5 years depending on the type of service (e.g., SBLC → 1–5 years, LC → 1–3 years).

6. Emerging Markets & Sustainability

Q22. Do you offer discounts in Africa?
→ Yes. 5–10% discount for projects aligned with the SDGs.

Q23. What are the fees for a $20M LC Sight in Asia?
→ 0.5–1% (e.g., $100K–$200K).

Q24. How can a green project reduce its costs?
→ 5–10% reduction on fees (e.g., BG → 1% → $475K for $50M).

Q25. Do you provide ESG/SDG services?
→ Yes. We certify and support sustainable projects through specific discounts and guarantees.

7. Technical & Urgent Services

Q26. What are the fees for a blockchain issuance?
→ $20,000–$100,000 depending on complexity.

Q27. What are the fees for an accelerated issuance?
→ An additional +2–5% (e.g., SBLC → $2.24M + 5% → $2.35M).

Q28. Do you offer security audits?
→ Yes. Blockchain audit → $15,000–$75,000.

8. Questions for Individuals

Q29. Can I obtain an SBLC to purchase real estate?
→ Yes. Real estate SBLC → 12–15% + 2% commission (e.g., $5M → $700K–$770K).

Q30. What are the fees for monetizing a BG?
→ 0.25–2% (e.g., $5M → $12,500–$100K).

Q31. How much does a bank training session cost for individuals?
→ Starting at $2,000 (e.g., $5,000 for 1 day).

9. Questions for Banking Partners

Q32. How do bulk issuances work?
→ 0.5–2% discount for bulk transactions (e.g., $100M → 2% discount).

Q33. What are the fees for SWIFT training?
→ $5,000–$20,000 per day (e.g., 5 days → $25,000–$100,000).

Q34. Do you offer discounts for regular partners?
→ Yes. 10–20% discount on fees (e.g., LC → 0.75% → $56,250 after 25% reduction).

10. Transaction Questions

Q35. What are the fees for an export/import of $5M?
→ 0.5–2% (e.g., 1% → $50,000).

Q36. How can I obtain pre-shipment financing?
→ Use Pre-Shipment Financing → 1.5–3% (e.g., $20M → $300K–$600K).

Q37. What is a Ready, Willing, & Able (RWA) letter?
→ A document proving your ability to honor a contract → 0.5–1% (e.g., $10M → $50K–$100K).

11. Technical Questions

Q38. What is an MT799?
→ A SWIFT message for the pre-notice or confirmation of an LC/SBLC → Free.

Q39. What is UCP 600?
→ An international set of rules for LCs → Included in our services.

Q40. What is the difference between Usance LC and Sight LC?
→ Sight LC: Payment immediately.
→ Usance LC: Deferred payment (e.g., 90 days).

12. Risk Questions

Q41. What are the insurance fees?
→ 0.5–2% (e.g., $10M → $50K–$200K).

Q42. How can I mitigate geopolitical risks?
→ Use an SBLC with a geopolitical risk clause → 5% discount for SDG projects.

Q43. What is currency hedging?
→ A way to protect against currency fluctuations → 0.25–1% per year.

13. Questions for Individuals

Q44. Can I use an SBLC for a personal investment?
→ Yes. Personalized SBLC → 12–14% + 2% commission (e.g., $5M → $700K–$770K).

Q45. What are the fees for a credit audit?
→ Free for projects >$10M.

14. Ethical Partner Questions

Q46. What is an IHCC certification?
→ A compliance certification → $5,000–$20,000.

Q47. Do you offer discounts for ESG projects?
→ Yes. 5–10% discount (e.g., LC Sight → 0.75% → $67,500 after 10% discount).

15. Urgent Transaction Questions

Q48. What are the fees for an accelerated issuance?
→ An additional +2–5% (e.g., LC Sight → $75K + 5% → $78,750).

Q49. What is the timeline for an urgent SBLC?
→ 7–10 days (with an additional +5%).

16. Banking Services Questions

Q50. What is correspondent banking?
→ Partnerships with banks for offshore transactions → $5,000–$20,000.

Q51. How do I obtain a bank credit line?
→ Contact our team → Fees of 0.5–2% of the value.

Contact for Specific Questions

📧 Send your inquiries to: info@nnrvtradepartners.com

Why Choose NNRV?

✅ Total transparency on pricing.
✅ Automatic discounts for sustainable projects.
✅ Priority support for transactions >$50M.