DOCUMENTARY CREDITS. Advising of Documentary Credits

Transcription

1 DOCUMENTARY CREDITS No Description Charges on Issuance of Documentary Credit (for validity up to 6 months or part thereof) Sight LC i. above Usance LC i. above 1 ii. Usance of % per month Revolving LC i. above ii. Usance of % per month for usance LC iii. ⅛ % over the face value of the LC with minimum of USD50.00 Standby LC i. 1/8 % for each month or part thereof with minimum USD Plus SWIFT/ Courier Charges as applicable 2 Reimbursement clause USD50.00 (If LC to be issued with reimbursement clause, in addition to LC opening charges, USD50.00 to be recovered) 3 on Amendment to LC i. General Amendment (without change in value or tenor of LC) USD SWIFT Charges ii. Increase in value as per scale in force for new LC. iii. Increase in tenor of LC (Original period plus extension within 6 months) USD SWIFT Charges iv. Increase in tenor of LC (Original period plus extension exceeds 6 months) As per LC issuance charges 4 on LC ¼ % on the overdrawn amount with minimum USD Overdrawn 5 on Drawings under expired LC (In addition to discrepancy Fee of USD100.00) ¼ % on Bill amount with minimum of USD (In addition to discrepancy Fee of USD100.00) 6 Discrepancy Fee USD for presentation of each set of discrepant Documents 7 SWIFT Documentary Credits (up to 3 Pages) USD50.00 / HKD For Each additional page over 3 pages USD15.00 / HKD Advising of Documentary Credits 1 Advising fee for Documentary Credit HKD USD Direct Advising to Customer For Bank of Baroda Customers For Non Customers Advising through other Banks For Banks in Hongkong (By SWIFT) For Banks in Hongkong (By Hard Copy) For Banks outside Hongkong (By SWIFT) For Banks outside Hongkong (By Hard Copy) Advising Fee for Same as applicable to LC Advising Amendment to LC 3 LC Confirmation Charges 1/16% per month or part thereof for the validity period of credit with Minimum USD50.00 For deferred reimbursement credits additional charges of 1/16% per month or part thereof to be charged from credit s expiry date to the latest date on which deferred payment may be received. Page 4 of 8

2 Transfer of LC 1 Simple Transfer of the LC as a whole USD260.00/HKD Partial transfer/ transfer requiring alteration to the terms and conditions As per schedule of LC issuance charges. 3 Amendment HKD / USD65.00 Import Loans 1. For TR Loans (Considered under LC/ Non LC Inward Bills) for each Loan 2 in 3 Direct Settlement of Loans ⅛ % with a minimum of HKD For Loans in currency other than HKD 1/16 % with a minimum of USD30.00 NIL ¼ % with a minimum of USD (Applicable when the loan is paid from outside remittance proceeds. If the Loan is settled from corresponding/ back to back Export Bill submitted to us, the charges may be waived.) 2. For Import Invoice Finance / Miscellaneous Loans for each Loan 2 Remittance Charges 3 in 4 Direct Settlement of Loans For Loans in currency other than HKD As Applicable for OUTWARD Remittances (In addition to this Foreign Bank charges, if any, to be recovered from customer account.) above ¼ % with a minimum of USD (Applicable when the loan is paid from outside remittance proceeds. If the Loan is settled from corresponding/ back to back Export Bill submitted to us, the charges may be waived.) 3. For Remittance from Overdraft Account (Applicable for each Remittance) 2 Remittance Charges 3 in For HKD Currency For Currency other than HKD As Applicable for OUTWARD Remittances (For remittance instruction with charges as applicant, actual foreign Bank charges will be recovered.) above payment of a debt or obligation in the same currency) NOTE: The Drawdown and CLE is Applicable for Trade Transactions only. For Payment towards expenses only Remittance charges will be recovered. Page 5 of 8

3 1. INWARD BILLS INWARD BILLS 1 Handling commission Inward NON LC Bills (For Sight Bills to be recovered at the time of Payment and for Usance Bills to be recovered upon acceptance) Inward Bills Under our LCs For HKD Bills presented by Banks in ¼ % with Minimum of HKD Hongkong For Bills in currency other than HKD i. For Bills Negotiation without recourse ¼ % for first USD50, and ⅛ % for balance amount above ii. For Bills Negotiation with recourse 1/8% for first USD50, and 1/16 % for balance amount above iii. For Bills Approval & Payment 1/8% for first USD50, and 1/16 % for balance amount above USD50, with a minimum of USD50.00 Inward Bills Under our LCs presented by Banks outside Hongkong (To be recovered as per LC Terms) ¼ % with Minimum HKD Acceptance Charges SWIFT Charges as applicable (For USANCE Bills only) 3 in Lieu of Exchange 4 Handling Fee on Long Outstanding Import Bills 5 Payment of Bills under USANCE LC from outside Remittance payment of a debt or obligation in the same currency) USD per quarter (To be recovered on quarterly basis after one month from due date of Bill) ¼ % with a minimum of USD and Max USD (Applicable where Bill is paid from outside remittance. The Charges may be waived if the payment is made from TR Loan/ corresponding/back to back Export Documents submitted to us) 6 Direct Settlement of Bills ¼ % with a minimum of USD and Max USD (Applicable if the Bill is settled directly between drawer and Drawee and requested to close/return the Bill.) 7 on Extension, Amendment of terms and 1. Outward NON LC BILLS 1 Handling Charges NON LC BILLS for Collection NON LC BILLS for Purchase / Discount (To be recovered at the time of Lodgement) 2 Purchase/ Discounting of Small value NON LC Bills Outward Bills (To be recovered at the time of Lodgement) ¼ % of Bill Amount with a minimum of HKD HKD50.00 (Applicable for Bills Less than USD1,000.00) Page 6 of 8

4 2 in Lieu of Exchange (To be recovered at the time of crediting funds to customers account) 3 on Extension, Amendment of terms and 4 Handling Fee on Long Outstanding Bills 5 Direct Settlement of Bills / Refund / Return of Bills payment of a debt or obligation in the same currency. In case of retirement of corresponding/ back to back Import Loan it may be waived) USD50.00 or HKD Plus applicable SWIFT / Postage charges USD per quarter (To be recovered on quarterly basis after one month from due date of Bill) ¼ % with a minimum of USD and Max USD (Applicable where payment not received by us directly from the drawee bank. Also applicable when Bill is settled directly between drawer and drawee and any bill returned unpaid or released free of payment) 6 Foreign Bank Charges Actual charges to be recovered 7 SWIFT / POSTAGE As Applicable in schedule for General Charges for each set of documents/ Message 2. Outward Bills Under LCs (For Collection/ Negotiation/ Discounting of Bills under LC) 1 Handling Outward Bills Under LCs presented to Banks in Hongkong Outward Bills for Under LCs presented to Banks outside Hongkong 2 in Lieu of Exchange For HKD Bills ¼ % with Minimum of HKD For Bills in currency other than HKD i. For Bills Negotiation with recourse ¼ % for first USD50, and ⅛ % for balance amount above USD50, with a minimum of USD ii. For Bills Negotiation without recourse 1/8% for first USD50, and 1/16 % for balance amount above iii. For Bills Approval & Payment 1/8% for first USD50, and 1/16 % for balance amount above USD50, with a minimum of USD50.00 ¼ % of Bill Amount with a minimum of HKD payment of a debt or obligation in the same currency. In case of retirement of corresponding/ back to back Import Loan it may be waived) 3 Checking of Documents USD Foreign Bank Charges As Actual 5 Reimbursement Claim Fee USD50.00 (Applicable for LC with reimbursement claim) 6 Advising Acceptance USD10.00 (For USANCE Bills Only) 7 SWIFT / POSTAGE As Applicable in schedule for General Charges for each set of documents/ Message 8 Amendment of terms and Page 7 of 8

5 3. For Export Invoice Finance (For Each Loan) 1 Handling 2 in Lieu of Exchange (To be recovered Upfront) 3 Direct Settlement of Loans 4 on Extension, Amendment of terms and conditions For Loans other than HKD above payment of a debt or obligation in the same currency. In case of retirement of corresponding/ back to back Import Loan it may be waived) ¼ % with a minimum of USD and Max USD (Applicable where it is settled directly settled between drawer and drawee and not from realization of corresponding/ back to back Export Bill routed through us) Page 8 of 8