Service Charges for Trade Finance
Service Charges – Imports
| Item | Current Charges |
|---|---|
| LC Opening Charges | 0.25% for validity period of every 6 months or part thereof, Min. USD 100.00 |
| Processing Fee (Back to Back LCs) |
0.25% of the LC Limit Max. USD 2,500.00 |
| Increasing Credit Value | 0.25% for validity period of every 6 months or part thereof, Min. USD 100.00 |
| Extension of LC Period (Including Revolving LCs) |
0.25% for validity period of every 6 months or part thereof, Min. USD 100.00 |
| Revolving LCs | Same as LC Opening Charges. On each reinstatement, 0.25% for validity period of 06 months or part thereof (on reinstated amount), Min. USD 100.00 |
| LC Amendment (other than validity period or increase in LC Value) | USD 100.00 per amendment |
| Discrepancy Fee | USD 80.00 per discrepancy |
| Retirement of Bills under LC | 0.25% upto USD 50K and 0.125% on the balance, Min. USD 100.00 |
| Inward Bills for Collection | 0.25% upto USD 50K and 0.125% on the balance, Min. USD 100.00 |
Service Charges – Exports
| Item | Current Charges |
|---|---|
| Bills Checking Fee | Flat charges of USD 100.00 |
| Outward Collection Bills under LC | 0.25% upto USD 50K and 0.125% on the balance, Min. USD 100.00 |
| Outward Collection Bills not under LC | 0.25% upto USD 50K and 0.125% on the balance, Min. USD 100.00 |
| Bills purchased/ Discounted | USD 390.00 Handling Charges |
| Reimbursement Finance | USD 250 handling Charges |
| Buyers Credit | USD 50 Handling Charges (min) |
Service Charges for Trade Finance – LC Advising
| Item | Current Charges |
|---|---|
| LC Transfer | 0.25% for each validity of 06 months Min. USD 100.00 and Max. USD 1000.00 |
| Advising of LCs | i) Advising through a Bank or direct advising to the beneficiary: USD 100.00 for USD LCs HKD 400.00 for HKD LCs ii) Direct advising to our customers USD 50.00 for USD LCs HKD 350.00 for HKD LCs Other currencies : equivalent USD for both i) and ii) |
| Advising of Amendments |
USD 100.00 for USD LCs. HKD 400.00 for HKD LCs. |
| Confirmation charges | 0.50% of LC amount from the confirmation date to discounting date (Min 7 days and minimum USD 250) |
Service Charges for Trade Finance – Other Trade Services
| Item | Current Charges |
|---|---|
| Commission in lieu of Exchange (chargeable when foreign currency is paid to or received from our customer) |
0.25% upto USD 50K and 0.125% on the balance Min. USD 100.00 |
| SWIFT charges | USD 80.00 |
| Tracers | USD 25.00 per item on customer request |
| Postage | USD 80.00 |
| Min. Reimbursement charges | USD 100.00 |
| Handling Charges | USD 80.00 |
Service Charges for Trade Finance – Bank Guarantees
| Item | Current Charges |
|---|---|
| Inland BGs Performance Guarantees as well as Financial Guarantees |
0.125% flat per month or part thereof (min) |
| Minimum Guarantee Commission |
USD 100.00
|
Please feel free to contact us for any clarifications required.