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   BOC Singapore >> Information >> Type of Charges

Trade Finance Commission Charges (with effect from 1 July 2016)


 

Import Bills Charges

1. Documentary Credit Charges

LC Issuance Commission 1/8% per Month or part thereof, minimum two Months but not less than S$80.00
LC Amendment Commission -Increase in LC Value 1/8% per Month or part thereof, minimum two Months but not less than S$80.00
LC Amendment Commission -Extension of Validity Date 1/8% per Month or part thereof, minimum S$80.00
LC Amendment Commission -Change in Static Information S$80 Flat
LC Cancellation Fee S$80 Flat
LC Acceptance Commission 1/8% per Month or part thereof, minimum S$80.00

2. Bank Guarantee

Non-Financial BG Issuance (Standard Format) 1% per annum, subject to a minimum charge of S$100.00
Non-Financial BG Issuance (Non-Standard Format) 1% per annum, subject to a minimum charge of S$120.00
Non-Financial BG Amendment-Increase in Amount / Extension Same as issuance, subject to a minimum charge of S$100.00
Financial BG Issuance 2% per annum, subject to a minimum charge of S$150.00
Financial BG Amendment-Increase in Amount / Extension Same as issuance, subject to a minimum charge of S$150.00
BG Amendment-Others S$80.00
Advising of BG / Amendments S$80.00 per guarantee
BG Vetting Fee (Non-Standard Text) Minimum S$100.00
Handling Fee ( where applicable, including BG application withdrawn) S$80.00
Claim Processing Fee S$150.00 flat

3. Import Documentary Collection


Collection Commission
Inward Collection 1/8%, minimum S$80.00
Release Documents Free of Payment 1/8%, minimum S$80.00
Presentation Fee First Presentation Free of Charge
Subsequent Presentation S$30.00 Flat per presentation
Protest of Bills   S$100.00

4. Invoice/Open Account Financing

Invoice/Open Account Financing Commission

1/8%, minimum S$100.00

5. Shipping Guarantee

Shipping Guarantee Commission Document Handled by us Free, Except for a Handling fee S$50.00
Documents not handled by us 1/8%, minimum S$80.00 plus S$50.00 handling fee
Shipping Guarantee not returned for cancellation within 2 months from issuing date 1/2%, Minimum S$80.00 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 Subject to arrangement, minimum S$100

3. Export Negotiation/Collection

Export Negotiation Payment/Negotiation Commission 1/8%, minimum S$80.00
Acceptance Commission 1/6% per month or part thereof, minimum S$80.00
Export Collection Outward Collection Commission 1/8%, minimum S$80.00
Release Documents Free of Payment 1/8%, minimum S$80.00
Handling Commission-Change in Collection Instruction S$40.00 flat

4. LC Transfer

Transfer Commission Transfer of LC 1/8%, minimum S$100.00
Increase in LC Value 1/8%, minimum S$100.00
Extension of Validity Date S$100.00 Flat
Change in Static Information S$100.00 Flat

5. Back to Back Arrangement Fee

Back-to-Back Arrangement Fee Subject to prior arrangement


Outward Remittance

Telegraphic Transfer *

Debit from SGD Account 1/8% (Subject to a minimum charge of S$10 or a maximum charge of S$100)
Debit from Foreign Account 1/8% (Subject to a minimum charge of S$18, or a maximum charge of S$120 equivalent)
*Cable charges apply and may incur agent Bank’s charges

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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