Type of L/C charges

Type of L/C

Typical charges

 

Import and domestic

 

 

 

 

1/8 of 1 percent of transaction with a minimum of $75 to $100.

Amendments: 1/8 of 1 percent flat, minimum $70.

Payment fee: 1/4 of 1 percent flat, minimum $90 per draft.

Acceptance fee: per annum (360-day) basis, minimum $75 for each draft accepted.

Discrepancy fee: $40.

 

Export

Advising: $60.

Confirmation: subject to country risk conditions, minimum $75.

Amendments: $55.

Assignments of proceeds/transfers: 1/8 of 1 percent of transaction, minimum $75.

Discrepancy fee: $45.

Payment/negotiation: 1/10 of 1 percent, minimum $85 to $95.

 

Standby

Issuance fee: an annual percentage (360 day basis) based on credit risk considerations, minimum $250.

Amendment: risk-related fee, minimum $250.

Payment fee: 1/4 of 1 percent flat, minimum $90 per draft.

 

Collections-documentary

Incoming: sight, $75; time, $95.

Outgoing: sight, $75; time, $95.

Note: The data are just for your reference