The following are indicative charges and are subject to discretion for negotiation on case to case basis.
Import Letter of Credit

LC COMMISSION

1/4% for first quarter 1/8% for subsequent quarters Minimum USD 50.00

Amendment

Commission for LCs without addition in amount or extension of date USD 50.00

Commission for LCs with addition in amount or extension of date, will be charged as per charges given above with a minimum of USD 50.00

OTHER CHARGES

Swift - Full Cable                        USD 150.00
          Short Cable                      USD   50.00
Discrepancy Charges                  USD   50.00
Payment Cable                           USD   50.00
Amendment Cable                      USD   50.00
Acceptance  Commission  of 1/6% per month for DA LCs  and ITR commission of 1/6% pm for the sight LCs
Standby Letter of Credits
Commission of 0.25% per quarter on the LC amount

Export Letter of Credit

LC Advising Charges                         USD 150
Negotiation Charges                          1/4% of the Document Amount Min USD 75
Discrepancy Charges                        USD 50
Confirmation Charges                        1/4% per quarter
Courier                                             USD 50
Swift Charges                                   USD 35.00
Transfer/Asignment Charges              ¼% p.a Min USD 100
Cancellation of LC                             USD 50.00

FBP

Commission of 0.25% on the value of the bill and Courier charge of USD 25

Reimbursement

Reimbursement Commission         USD 105 upto USD 100,000
                                                   USD 120 from USD 100,001 to USD 500,000
                                                   USD 150 from USD 500,001 to USD 1,000,000
                                                   USD 300 more than USD 1,000,000



Bank of India, New York Branch is a member of FDIC
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