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Import bills charges
1、Documentary Credit Charges
| LC Issuance Commission |
1/8% per Month or part thereof, minimum 1/4% but not less than S$60.00 |
| LC Amendment Commission -Increase in LC Value |
1/8% per Month or part thereof, minimum 1/4% but not less than S$60.00 |
| LC Amendment Commission -Extension of Validity Date |
1/8% per Month or part thereof, minimum S$60.00 |
| LC Amendment Commission -Change in Static Information |
S$60 Flat |
| LC Cancellation Fee |
S$60 Flat |
| LC Acceptance Commission |
1/8% per Month or part thereof, minimum S$60.00 |
2、Bank Guarantee
| BG Issuance |
1% per annum, subject to a minimum charge of S$80.00 |
| BG Amendment-Increase in Amount / Extension |
1% per annum, subject to a minimum charge of S$80.00 |
| BG Amendment-Others |
S$80.00 |
| Advising of BG/Amendments |
S$80.00 per guarantee ( not including GST) |
| BG Application (Non standard text) |
Additional S$100.00 |
| Handling Fee ( where applicable, including BG application withdrawn) |
S$80.00 |
| Claim Processing Fee |
S$100.00 flat |
3、Import Documentary Collection
| Collection Commission |
Inward Collection |
1/8%, minimum S$60.00 |
| Release Documents Free of Payment |
1/8%, minimum S$60.00 |
| Presentation Fee |
First Presentation |
Free of Charge |
| Subsequent Presentation |
S$20.00 Flat per presentation |
| Handling Commission* |
Protest of Bills |
S$60.00 Flat |
4. Invoice/Open Account Financing
| Invoice/Open Account Financing Commission |
1/8%, minimum S$60.00 |
5. Shipping Guarantee
| Shipping Guarantee Commission |
Document Handled by us |
Free, Except for a Handling fee S$30.00 |
| Documents not handled by us |
1/8%, minimum S$60.00 plus S$30.00 handling fee |
| Shipping Guarantee not returned for cancellation within 3 months from issuing date |
1/2%, Minimum S$60.00 and thereafter on a quarterly basis until Shipping Guarantee is cancelled. |
Export bills charges
1、LC Advising
| LC Advising Commission |
Preliminary LC |
Free of Charge |
| Operative LC |
S$40.00 Flat |
| Operative Amendment |
S$40.00 Flat |
2. LC Confirmation
| LC Confirmation Commission |
1/8% per month or part thereof, minimum S$80 |
| indicative, subject to prior arrangement |
3、Export Negotiation/Collection
| Export Negotiation |
Payment/Negotiation Commission |
1/8%, Minimum S$60.00 |
| Acceptance Commission |
1/6% per month or part thereof, minimum S$60.00 |
| Export Collection |
Outward Collection Commission |
1/8%, Minimum S$60.00 |
| Release Documents Free of Payment |
1/8%, Minimum S$60.00 |
| Handling Commission-Change in Collection Instruction |
S$25.00 flat |
4、LC Transfer
| Transfer Commission |
Transfer of LC |
1/8%, Minimum S$60.00 |
| Increase in LC Value |
1/8%, Minimum S$60.00 |
| Extension of Validity Date |
S$60.00 Flat |
| Change in Static Information |
S$60.00 Flat |
5. Back to Back Arrangement Fee
| Back-to-Back Arrangement Fee |
1%, minimum S$200.00 |
| Indicative, subject to prior arrangement |
Remarks:
a. Payment of bills in foreign currency is subject to a commission in-lieu of exchange @ 1/8%, minimum S$40.00.
b. Telephone, telex/swift, postage and other miscellaneous charges as well as fees levied on the bank by third party are determined on an individual transaction basis.
c. Charges quoted herein apply to standard transactions only and are subjected to changes without prior notice.
d. Fees for services or transactions not mentioned herein will be levied on a case-by case basis.
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