Fees and Commissions
Should you have questions or need any advice on our Trade Finance tools, please contact ABA International Operations Team via tf(at)ababank.com.
Import LC
| Issuance under cash cover | 0.1% p.m. (min. 25 USD) plus cable fee 40 USD |
| Issuance under credit limit | 0.12% p.m. (min. 50 USD) plus cable fee 40 USD |
| Amendment of amount and validity | Same as issuance fee |
| All other amendments | 50 USD each |
| Cancellation fee | 50 USD |
| Acceptance (Usance Bill) | Same as issuance fee |
| Settlement fee | 25 USD each |
| Reimbursement fee | 40 USD (deducted from proceeds) |
| Discrepancies fee | 50 USD (deducted from proceeds) plus cable fee 20 USD |
Export LC
| Advising LC | 45 USD |
| Confirmation under cash cover | 0.1% p.m.1 (min. 50 USD) |
| Confirmation under credit limit | By agreement |
| Acceptance (Usance Bill) | 0.125% p.m. (min. 25 USD) |
| Documents examination / Negotiation | 0.20% (min. 50 USD) per set of documents |
| Courier fee | 50 USD per set of documents |
1per month
Documentary Collection
| Collection handling fee | 0.2% (min. 100 USD) |
| Collection settlement fee | 25 USD |
| Courier fee | 50 USD per set of documents |
| Delay in Payment | 40 USD (Cable fee for each delay) |
Bank Guarantee / Standby Letter of Credit
| Shipping guarantee under LC | 50 USD p.m. |
| Guarantee issuance under cash cover | 0.1% p.m. (min. 25 USD) |
| Guarantee issuance under credit limit | 0.125% p.m. (min. 50 USD) |
| Guarantee amendment of amount and validity | Same as issuance fee |
| All other guarantee amendments | 35 USD each |
| Guarantee cancellation fee | 50 USD |
| Payment of claim/drawing (deducted from beneficiary) | 0.1% (min. 100 USD) |
Others
| Foreign bank's confirmation (Indicative only, subject to revision from time to time) | 0.5% for 90 days period |
| Sourcing for international buyers/sellers | 0.1% of the contract amount in case of success (success fee) |
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