| A) |
LC OPENING COMMISSIONS: |
CORPORATE / COMMERCIAL / BUSINESS |
| 1 |
Sight / Time / Local LCs |
Corporate/Commercial Segment Customers
1/8% Per Month (Min. 3 Months) up to
AED 100,000/-
On the Balance 1/16% Per Month (Min. 3 Months)
With Minimum Commission Per LC AED 300/-
Plus Handling Fee
Business Segment Customers
1/6% Per Month (Min. 3 Months) up to
AED 100,000/-
On the Balance 1/8% Per Month (Min. 3 Months)
Minimum Commission Per LC AED 500/-
Plus Handling Fee |
| 2 |
Revolving LCs |
Same as Sight/Time/Local LCs Min. AED 500/-
Plus Scrutiny Fee AED 500/-
Plus 1/8% Flat Commission on Each
Revolved Amount
With Minimum Commission Per Revolve
AED 300/-
Plus Handling Fee |
| 3 |
Back to Back LCs |
Same as Sight/Time/Local LCs
Plus AED 500/- Scrutiny Fee |
| 4 |
Standby LCs |
1/8% Per Month (Min. 3 Months)
With Minimum Commission Per LC AED 250/- |
|
| B) |
LC AMENDMENT COMMISSION: |
| 1 |
Amendment Commission for Increase in LC Amount |
Additional Commission Charged on Increased Amount Same as LC Opening Commission
With Minimum Commission Per Amendment
AED 200/-
Plus Handling Fee |
| 2 |
Amendment Commission for Extension in Expiry Date |
Additional Commission Charged for Extended Period Same as LC Opening Commission
With Minimum Commission Per Amendment
AED 200/-
Plus Handling Fee |
| 3 |
Other Amendments
(Changes in LC Terms & Conditions, Clauses etc.) |
AED 200/-
Plus Handling Fee |
|
| C) |
LC HANDLING FEES: |
| 1 |
Handling Fee for LC Opening Services
(Including Swift/Courier etc.) |
AED 300/- |
| 2 |
Handling Fee for LC Amendment Services
(Including Swift/Courier etc.) |
AED 150/- |
| 3 |
Handling Fee for LC Cancellation Services (Before Expiry) |
AED 300/- |
| 4 |
Additional Handling Fee for LCs with Excessive Details |
AED 100/- per additional page. |
| 5 |
Additional Handling Fee for LC Amendment with Excessive
Details |
AED 100/- per additional page. |
|
| D) |
LC ADMINISTRATION FEES / COMMISSIONS: |
| 1 |
LC Expiration Commission
(When Documents negotiated after LC Expiry Date) |
Additional Commission Charged for
Expired Period Same as LC Opening Commission
With Minimum Commission AED 100/-
Plus Handling Fee |
| 2 |
LC Overdrawing Commission
(When Documents negotiated in excess of LC Value) |
Additional Commission Charged for Over Drawn Amount Same as LC Opening Commission
With Minimum Commission AED 200/-
Plus Handling Fee |
| 3 |
LC Discrepancy Fee (Per Presentation) |
USD 80/-
Plus SWIFT Charges |
| 4 |
Return of Discrepant Documents Unpaid / Unaccepted |
USD 80/-
Plus Courier/SWIFT Charges |
| 5 |
Documents (Discrepant/Clean) Safe Custody Fees
(Held Unpaid/uncleared after one month of Presentation to customer) |
AED 200/- Per Month |
| 6 |
Interest recovered from the date of negotiation of documents abroad to the date of settlement |
Rate as Per Arrangement |
|
| E) |
LC ACCEPTANCE COMMISSION: |
CORPORATE / COMMERCIAL / BUSINESS |
| 1 |
LC Acceptance Commission |
1/8% Per Month from Date of LC Expiry till maturity date of Bill
With Minimum Commission AED 200/-
Plus Swift Charges |
|
| F) |
SHIPPING GUARANTEES: |
| 1 |
For Sight LCs against Full Cash Margin Only |
AED. 150/-
Additional AED 100/- If Guarantee remains outstanding beyond One Month |
| 2 |
For Time LCs |
1/8% Min. AED. 150/-
Additional AED 100/- If Guarantee remains outstanding beyond One Month |
|
| G) |
TR / LAD / LCD HANDLING FEES: |
| 1 |
TR / LAD / LCD Booking |
AED 200/- Per Transaction |
| 2 |
TR / LAD / LCD Pre Settlement |
AED 200/- Per Settlement |
| 3 |
TR / LAD / LCD Extension |
AED 200/-
Plus Additional 2%p.a. Interest for Extension Period |
| 4 |
TR / LAD / LCD Past Due |
Additional 2%p.a. Interest as Past Due Interest |
|
| H) |
LC RELATED OTHERS CHARGES: |
| 1 |
Reimbursement Fee |
USD 80/- |
| 2 |
Negotiation Commission |
1/8% Min. AED 200/- |
| 3 |
Exchange Compensation Fee for Settling LC Documents in Foreign Currency |
1/4% Min. AED 150/- |
| 4 |
Courier Charges - Local |
AED 50/- |
| 5 |
Courier Charges - International |
AED 150/- |
| 6 |
SWIFT Charges -Local |
AED 50/- |
| 7 |
SWIFT Charges - International |
AED 100/- |
| 8 |
Reminder Charges - Local |
AED 25/- Per Letter Plus Courier/Fax Charges &
AED 50/- Per SWIFT |
| 9 |
Reminder Charges - International |
AED 25/- Per Letter Plus Courier/Fax Charges &
AED 100/- Per SWIFT |
| 10 |
Fax Charges - Local |
AED 25/- |
| 11 |
Fax Charges - International |
AED 50/- |
| 12 |
Manager's Cheque for Agents Commission |
AED 100/- |
