DETAILS

CHARGES

LETTER OF CREDIT – EXPORT

Confirmation of Credit

0.5% Min $75.00

Advising Credit

$50.00 + costs (FBC)

Amendment to Credit

$50.00 + costs (FBC)

Acceptance of term Draft

0.5%, min $50.00 + stamps

Drawings

Up to $25,000  - 1%, Min $50.00 ¾% on excess

Letter of Credit – Import

Establishment fee

1% for period up to 90 days, Min $100.00
An additional ¼% for each 30 days over 90 days from date of establishment to date of actual payment by branch for term drafts.  Plus FBC, airmail and cable costs.

Drawings

$75.00 per drawing

Unused or Partly used Credit

¼% on the unused portion where Credits are cancelled with the consent of the beneficiary within 30 days of the date of issue OR where Credits have a validity of 30 days or less limit the charge to $250.00 Max

Amendment to Credit – Increase in amount

Same as establishment fee, Min $50.00

Amendment to Credit – Other

$50.00 + CABLE COST

Cancellation of Credit

$50.00 plus FBC

Interest

Collect at overdraft rate from date of drawing to date of payment

Standby Letter of Credit

0.5% per annum, Min $150.00

Guarantee

Shipping Guarantee

2% per annum, Min $50.00

Performance Bonds

2% per annum, Min $150.00