HSBC Bahrain - Commercial - Trade Services (Imports)

The world's local bank

Trade Services (Exports)

DC Opening Commission
Standard Irrevocable DC	0.125% per month or part of a month thereafter (minimum 3 months)
Minimum charge	BHD 37
Special types of DC's
Revolving DC opening commission (also payable at each reinstatement)	0.155% per month or part of a month thereafter (minimum 3 months)
Minimum charge	BHD 37
Revolving DC reinstatement fee	BD 25 per reinstatement
Back to Back DC opening commission	0.155% per month or part of a month thereafter (minimum 3 months)
Minimum charge	BHD 67
Standby DC opening commission	0.155% per month or part of a month thereafter
Minimum charge	BHD 40
Charges for amending DC's after issuance
Increase the DC amount or extend the expiry date	Commission payable on the increased amount or extended period according to the scale for opening DC's
Minimum charge	BHD 20
Other amendment processing fee	BHD 20
Processing and transmission fees - For all types of DCs and amendments
Processing and transmission fee for DC's by SWIFT/Mail	BHD 35
Processing and transmission fee for DC's by HSBC net (Internet Trade Services)	BHD 25
Additional charge for DC's over four pages	BHD 10 per additional page
Amendment processing and transmission fee SWIFT / Mail	BHD 20
Processing fee for amendments received through HSBCnet	BHD 15
Additional charge for amendments over one page	BHD 10 per additional page
Charges for usance Import DC bills
Acceptance commission (from date of bank's acceptance to maturity)	0.155% per month or part of a month thereafter
Minimum charge	BHD 25
SWIFT advice of acceptance	BHD 10
Charges for sight DC bills
Sight DC bills processing fee	BHD 20
Handling charges for discrepant bills
Discrepancy fee recovered from exporter	USD 100
SWIFT advice of discrepancies	BHD 12
Additional SWIFT messages	BHD 12 per message
Charges for import collection bills
Handling commission (a)	0.15% of bill value
Minimum charge	BHD 25
Avalization of drafts	Additional 0.155% per month or part of a month thereafter from acceptance to maturity
Minimum charge	BHD 40
SWIFT acknowledgment to remitting bank	BHD 12 will be charged to drawer unless specified
SWIFT advice of acceptance	BHD 12
Processing fee for collection bill amendments	BHD 12
Bills returned unpaid, cancelled due to direct settlements, released on free of payment and transferred to other banks	BHD 25
Charges for shipping guarantees, delivery orders
Commission on shipping guarantees and delivery orders (b)	0.125% of invoice value for the first month and 0.25% of the invoice value per month or part of a month on subsequent months
Minimum charge	BHD 25
Penalty Charges	Guarantees not redeemed after one month from date of issuance will be subject to a fee of BHD 10 per week until redemption.
Charges for financing import bills
Import loans under DC bills	BHD 15
Open account import loan commission	0.0625% of loan amount- Minimum BHD 25
Finance interest	As per arrangements
Extension to import loan tenor	BHD 25
Prepayment of import loans	BHD 20
Charges for payment of import bills under DC and collection (d)
Charges per SWIFT	BHD 12
Notes: 1. The above charges are applicable for DCs / amendments established by SWIFT. For DCs / amendments established other than by SWIFT, HSBC reserves the right to levy additional transmission fee. 2. All other charges for special types of DC as as per normal irrevocable DCs. 3. When import bills are received under expired and purged DCs, an additional charge of BHD 25 will be charged per bill. (a) Handling commission is charged regardless of whether documents are released against payment/ acceptance or released free of payment. (b) If guarantees are secured by full cash margin, only the minimum BHD 25 charge will be levied. (c) Rate of interest charged on import bills financed and loans are subject to prior Arrangement and are applicable from the date of grant to the maturity. Interest rates will be subject to subsequent revisions and if not settled at maturity, a penalty interest will be charged above the interest rate as advised to you and late payment fees as mentioned under other trade services charges will be applicable. (d) In addition to these charges a reimbursement fee of USD 40/- will be deducted from the proceeds paid to the beneficiary. Two swift messages are required to make a payment at a charge of BHD 12/- each.

Effective January 2009