Following charges may relate with letter of credit. All charges mentioned as under may not apply at the same time. However, here is complete list of charges that may apply.
Charges, Commissions and Fees |
|
Commission Name |
When applied |
LC Advising Charges |
Advising the LC |
LC Transfer fee |
Transferring the LC |
SWIFT charges |
Advising & Transfer of LC, reminders for export proceeds, opening of LC |
Document negotiation charges |
Negotiating the documents |
Postage/DHL charges |
Sending the documents |
Document collection charges |
Collecting the documents |
LC Amendment commission |
Amendment of LC |
LC Cancellation charges |
Cancellation of LC |
Discrepancy Charges |
Informing discrepancies |
Acceptance commission |
Acceptance of deferred LC |
DD/PO commission |
Local payment |
Stationery charges |
Opening Import LC |
IRC renewal fee |
Renewal of IRC |
Other charges |
Any time |
LC opening commission |
Opening of LC |
FCC |
Opening of LC & amendment |
VAT |
Opening of LC & amendment & Local payment |
Source Tax |
Export proceed realization |
Handling charges |
Export proceed realization |
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