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   BOC Singapore >> Information >> Notices

Notice of Revision of Trade Finance Commission Charges (Effective from 1 September 2021)


2021-07-16

Dear Valued Customer,

We will be introducing a revised trade finance commission charges with effect from 1 September 2021. Details are as below:

Product
产品
Existing Charges
现行费率
Revised Charges
调整后费率
Shipping Guarantee
提货担保
Under LC issued by BOC Free, Except for a Handling fee S$50 Handling fee S$80
Under collection 1/8%, min S$80 plus S$50 handling fee 1/8%, min S$80
LC Transfer
信用证转让
Transfer of LC 1/8%, min S$100 0.25%, min S$300
Increase in LC Value 1/8%, min S$100 0.25%, min S$300
LC Advising
信用证通知
Advising of LC S$40 Flat BOC customer: S$40 flat /
Non-BOC customer: S$50 flat
Advising of LC amendment S$40 Flat BOC customer: S$40 flat /
Non-BOC customer: S$50 flat
Export Negotiation
出口信用证项下交单
Payment/Negotiation Commission 1/8%, min S$80 BOC customer: 1/8%, min S$80 /
Non-BOC customer: 1/8%, min S$100
Import Documentary Collection
进口代收
Protest of Bills  S$100 S$100 plus legal fees
Holding fee (for unaccepted/unpaid bill) N.A. S$50 per month (after two months' grace)
Commission-in-lieu-of-exchange 1/8%, min S$40 1/8%, min S$75
Import Letter of Credit
进口信用证
Discrepancy fee N.A. Subject to internal pricing
Excess drawing N.A. 1/8% per month on the excess portion, min 2 months but not less than S$80
Standby Letter of Credit
备用信用证
Standby Letter of Credit N.A. Same as BG price guide
Banker's Guarantee
保函
Non-Financial BG Issuance (Standard Format) 1% per annum, subject to a min charge of S$100 Tenor ≤ 2 years: 1% p.a.
Tenor > 2 years: 1.5% p.a.
subject to a min charge of S$100
Non-Financial BG Issuance (Non-Standard Format) 1% per annum, subject to a min charge of S$120 Tenor ≤ 2 years: 1% p.a.
Tenor > 2 years: 1.5% p.a.
subject to a min charge of S$120
Issuance - Indirect N.A. Subject to internal pricing
Advising of BG / Amendments S$80 per guarantee BOC customer: S$50
Non-BOC customer: S$100
Handling Fee ( where applicable, including BG application withdrawn) S$80 S$100
Claim Processing Fee S$150 flat S$200 flat
Presentation of Demand under BG/SBLC issued by another bank N.A. 1/8% flat, min S$300
Acknowledgement of Notice of Assignment or Transfer of BG/SBLC N.A. 1/8% flat, min S$300

Should you require any clarification, please contact our 24-Hour Customer Service Hotline at 1800 66 95566 (Singapore) or +65 677 95566 (overseas).

Bank of China Limited Singapore Branch
16 July 2021

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