Tokyo-Mitsubishi UFJ Bank

Thank you for your email and for keeping us informed regarding the LC value requirements. We kindly request that no changes be made to the LC values for Letters of Credit that have already been opened and are currently awaiting shipment. As you may understand, Sri Lanka is currently facing significant financial challenges, and on a personal level, any increase in LC values would result in excess tax liabilities that we are unable to manage at this time. We respectfully ask that you consider our situation carefully and refrain from applying any LC value revisions for units with LCs already established. We appreciate your understanding and support during these difficult times. Thank you very much for your kind consideration.