Sunday, 23 September 2018, 13 Muharam 1440H Solat Time:
KL Imsak 5:37 | Subuh 5:47 | Syuruk 7:02 | Zohor 1:08 | Asar 4:14 | Maghrib 7:11 | Isyak 8:20

Letter of Credit


Subject Charges Rate / Amount
1. Sight LC Commission
0.1% of LC amount in RM equivalent per month or part thereof
Min : RM50.00
2. Usance LC Commission
0.1% of LC amount in RM equivalent per month or part thereof
Min : RM50.00
In addition, the acceptance commission of 0.1% per month will be charged from the acceptance date till maturity date
3. Amendment : Commission
Amount increased
0.1% of the increased amount in RM equivalent per month or part thereof from the date of amendment until expiry date
Min : 50.00
Extension of expiry date
0.1% of LC amount in RM equivalent per month or part thereof from extension date until new expiry date
Min : RM50.00
Amount increase and extension of expiry date
0.1% of the outstanding LC amount plus increased amount (new amount) in RM equivalent per month or part thereof from the extension date until new expiry date
Min : RM50.00
Amount decrease and extension of expiry date
0.1% of LC amount in RM equivalent per month or part thereof from the extension date to the new expiry date on the decreased or remaining balance
Min : RM50.00
Amount decrease
RM50.00 flat
Amount increase and shorten expiry date
0.1% of the increase amount (new amount) in RM equivalent from the amendment date to new expiry date
Min : RM50.00.
Remaining balance (as a result of partial negotiation) and extension of expiry date.
0.1% of remaining balances of LC amount in RM equivalent per month or part thereof from the old expiry date to new expiry date
Min : RM50.00.
Other amendment(s)
RM50.00 flat per request
4. Discrepancy Fee
Local LC
Foreign LC
Commission
RM100.00 per transaction
USD50.00 per transaction
5. Foreign/Local LC
Issuance
SWIFT MT700
RM60.00
Amendment
SWIFT MT707
RM50.00
6. Addtional : Issuance and Amendment
Local LC (LC Proper)
Courier
Actual direct cost incurred
7. Negotiation of LC Expired

Commission
0.1% of the negotiation amount in RM equivalent per month or part there of from the expiry date until the negotiation date (without grace period)
8. Other types of LC Commission
a) Back to Back LC:
Issuance:  
0.1% of LC amount in RM equivalent per month or part thereof
Min : RM200.00
Amendment:

 

Refer to amendment charges as per item (3) above.
Min : RM150.00
b) Standby LC:
Issuance:  
0.125% of LC amount in RM equivalent per month or part thereof
Min : RM200.00.
Amendment:
Refer to amendment charges as per item (3) above.
Min : RM50.00.
c) Revolving LC:
Issuance:  
0.1% of LC amount in RM equivalent per month or part thereof
Min : RM50.00.
Amendment:
Refer to amendment charges as per item (3) above.
Min : RM50.00.
9. Endorsement of BL/AWB:
a) Advance Set (BL)
Handling fee
RM100.00 flat rate
Stamp Duty
RM10.00 for Indemnity Letter
b) AWB
Handling fee
0.1% of Invoice value
Min: RM100.00
Stamp Duty
RM10.00 for
Indemnity Letter
c) Endorsement of full set of documents No charges impose

 

Print Friendly