Hotline : 

  • 0061-2-8235 5888(From Overseas)
  • 1800 095 566(Within Australia)
Current Position : Home > BOC Australia > Information > Fees and Charges
Online Banking

Standard Fees and Charges for Trade Finance Products

(2016 Rev.)

2017-12-21

STANDARD FEES & CHARGES FOR TRADE FINANCE PRODUCTS (2016 Rev.)
      % Min Max Flat Remarks:
IMPORT IMPORT LETTER OF CREDIT (INCL BACK TO BACK L/C)  
New L/C Issuance   0.150 AUD 300 No max.   On L/C amount for period of 6 months
Swift     USD 100  
Amendment Increase amount 0.150 AUD 150 No max.    
Extend of Validity 0.150 AUD 150 No max.   On L/C balance if L/C is extended with total period to be more than 180 days from original issuing date
Other amendments       AUD 100  
Swift       USD 50  
Documents Handling Fee   0.250 AUD 100 No max.    
Discrepancy Fee         USD 110 For beneficiary's a/c
Acceptance Commission   0.125%/30 days AUD 100 No max.   Charged for one month if acceptance period is less than 30 days;
Favorable rate can be applied upon approval.
Reimbursement Fee         USD 100 For beneficiary's a/c
L/C Cancellation         AUD 100  
Return Documents         AUD 100  
L/C Application Service/Consultation Fee         AUD 110 Including for Back to Back L/C
Correspondence Handling Fee       USD 100  
Swift       USD 50  
Drawing under expired L/C         AUD 100 For applicant's a/c, if drawing exceeds 3 months after expiry date
             
IMPORT DOCUMENTARY COLLECTION  
Document Handling Fee   0.250 AUD 100 AUD 1,000    
Protest of Unpaid Bill         AUD 100 Plus actual protest fees
DOCS Released Free of Payment         AUD 200 For drawee's a/c
Return Documents         AUD 100 Plus delivery charges
IMPORT DOCUMENTARY COLLECTION          
Avalisation Fee   0.125%/30 days AUD 100 No max.   For drawee's a/c;Charged for one month if acceptance period is less than 30 days
Additional Handling Fee         AUD 100  
Correspondence (Including Acceptance Notice) Handling Fee       USD 100 Acceptance Notice Fee for drawer's a/c
Swift       USD 50  
Document Representation Fee         USD 100 For drawer's a/c
             
EXPORT EXPORT LETTER OF CREDIT    
Advice of L/C         AUD 110 (Inc. GST) Advising fee will be waived if documents are presented through our bank
Advice of Amendment         AUD 55 (Inc. GST)  
L/C Transfer   0.250 AUD 300 AUD 3,000    
Swift       USD 100  
Tranfer L/C Amendment Increase amount 0.250 AUD 150 AUD 3,000    
Other amendments       AUD 100  
Swift       USD 50  
Confirmation/Negotiation without recourse to Beneficiary     USD 100     Price on application
Assignment of Proceeds         AUD 300  
Documents Handling Fee   0.250 AUD 100 AUD 1,000    
Discrepancy Fee       USD 110 Applicable for transferable L/C and for second Beneficiary's a/c
Documents Re-examination Fee         USD 50 Beneficiary submits documents after 2nd fixing
Cable Negotiation Handling Fee       USD 100  
Swift       USD 50  
Tracer Handling Fee       USD 50  
Swift       USD 50  
EXPORT LETTER OF CREDIT    
L/C Cancellation Handling Fee       USD 100  
Swift       USD 50  
Reimbursement Claim Fee Handling Fee       USD 100 For beneficiary's a/c
Swift       USD 50  
Correspondence Handling Fee       USD 100  
swift       USD 50  
E-Document pre-check         USD 50  
Discrepancy Correction Fee (Minor problem)         USD 50  
             
EXPORT DOCUMENTARY COLLECTION  
Documents Handling Fee   0.250 AUD 100 AUD 1,000   Chargeable even uncollected or docs returned
Amendment to Export Collection Instruction         AUD100  
Tracer Handling Fee       USD 50  
Swift       USD 50  
Correspondence Handling Fee       USD 100 Upon request
Swift       USD 50  
             
BANK GUARANTEE BANK GUARANTEE (INCLUDING STAND-BY L/C)            
Issuance/Annual fee   1% p.a. AUD 500 No max.   Charged upon issuance and can be paid quarterly or half yearly
Swift       USD 100  
Postage*         Courier fee, if any
Amendment Increase amount 1% p.a. AUD 500 No max.    
Extention of Validity       AUD 100  
Other amendments       AUD 100  
Swift       USD 50  
Advising of Bank Guarantee         AUD 110 (Incl. GST)
Advice of Amendment         AUD 55 (Incl. GST)
BANK GUARANTEE (INCLUDING STAND-BY L/C)            
Release Fee         AUD 100  
Cancellation Fee         AUD 100 Plus Swift charge, if any
BANK GUARANTEE (INCLUDING STAND-BY L/C)            
Claim Handling Fee       USD 500  
Swift       USD 50  
Shipping Guarantee Issuing fee       AUD 150  
Surcharge: If Original S/G is not returned to us within 2 months after issuance       AUD 200 Charged on the first day of 2 months after issuing date
Surcharge: If Original S/G is not returned to us after 2 months, then every sebsequent month       AUD 200 Charged on the first day of 3 months after issuing date and so forth
If Original B/L is not presented to us through Beneficiary's Bank 0.250 AUD 100 AUD 1,000    
OTHER Swift fee  (excluding L/C issuance, Bank Guarantee issuance and L/C transfer)         USD 50  
Correspondence fee         USD 100  
Courier - international (Exclude Remote area)         USD 45 For remote area, additional fees will be applied
  Courier - domestic         USD 30  
TRADE FINANCE Trade Finance Interest           Corresponding Libor/BBSY plus interest margins
OB/IB loan change currency         USD 100 Charged per item
Interest Margin           Price on application
NOTES: - Fees applicable to equivalent in other currencies.
- We reserve the right of interpretation and the right to change relevant fees/charges without prior written notice