Saturday, 23 September 2017, 2 Muharam 1439H Solat Time:
KL Imsak 5:37 | Subuh 5:47 | Syuruk 7:02 | Zohor 1:08 | Asar 4:14 | Maghrib 7:11 | Isyak 8:19

Letter of Credit


Subject Charges Rate / Amount
1. Sight LC Commission
0.1% of LC amount in RM equivalent per month or part thereof + 6% GST.
Min : RM53.00
2. Usance LC Commission
0.1% of LC amount in RM equivalent per month or part thereof + 6% GST.
Min : RM53.00
In addition, the acceptance commission of 0.1% per month will be charged from the acceptance date till maturity date + 6% GST.
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 + 6% GST
Min : 53.00
Extension of expiry date
0.1% of LC amount in RM equivalent per month or part thereof from extension date until new expiry date + 6% GST
Min : RM53.00
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 + 6% GST
Min : RM53.00
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 + 6% GST
Min : RM53.00
Amount decrease
RM53.00 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 + 6% GST
Min : RM53.00.
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 + 6% GST
Min : RM53.00.
Other amendment(s)
RM53.00 flat per request
4. Discrepancy Fee
Local LC
Foreign LC
Commission
RM106.00 per transaction
USD53.00 per transaction
5. Foreign/Local LC
Issuance
SWIFT MT700
RM63.60
Amendment
SWIFT MT707
RM53.00
6. Addtional : Issuance and Amendment
Local LC (LC Proper)
Courier
Actual direct cost incurred + 6% GST
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) + 6% GST
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 + 6% GST
Min : RM212.00
Amendment:

 

Refer to amendment charges as per item (3) above.
Min : RM159.00
b) Standby LC:
Issuance:  
0.125% of LC amount in RM equivalent per month or part thereof + 6% GST
Min : RM212.00.
Amendment:
Refer to amendment charges as per item (3) above.
Min : RM53.00.
c) Revolving LC:
Issuance:  
0.1% of LC amount in RM equivalent per month or part thereof + 6% GST
Min : RM53.00.
Amendment:
Refer to amendment charges as per item (3) above.
Min : RM53.00.
9. Endorsement of BL/AWB:
a) Advance Set (BL)
Handling fee
RM106.00 flat rate
Stamp Duty
RM10.00 for Indemnity Letter
b) AWB
Handling fee
0.1% of Invoice value + 6% GST
Min: RM106.00
Stamp Duty
RM10.00 for
Indemnity Letter
c) Endorsement of full set of documents No charges impose

 

Print Friendly
Bank Islam