Fee for the processing of documentary credit, collection and payment which are charged to the customer.
2
Amendment commission
Fee for amendments in documentary credit and collection business (not extensions and increases of documentary credits).
3
Acceptance commission
Fee for the acceptance of draft in documentary credit and collection business which are drawn on us (also to be seen as a kind of 'guarantee commission').
4
Commission for obtaining acceptance
Fee for obtaining an acceptance under collections on the basis of 'documents against acceptance'.
5
Commission on delivery
Fee for delivery of documents without corresponding payment.
6
Advising commission
Fee for advising documentary credits (charged also in case of confirmed credits).
7
Confirmation commission
Fee for confirmation of credit.
8
Deferred payment commission
Fee for the deferred payment period under documentary credits confirmed by bank. This fee are charges for the period from presentation of the document until due date of payment.
9
Commission for taking up documents
Fee charged to the foreign bank for the processing of documentary credit.
10
Opening commission
Fee for opening revocable documentary credit.
11
Fee for payment under reserve
Fee charged to the customer for discrepancies in credit documents in the case of which the bank have to stipulate payment under reserve.
12
Discrepancy fee
Fee charged to the foreign bank for discrepancies in credit documents.
13
Domicilation commission
Fee for the domicilation of bills with the bank.
14
Commission for release of goods
Commission for the release of goods sent to the bank.
15
Collection commission
Fee for settling collections on the basis of 'documents against payments'.
16
Negotiation commission
Fee for the purchase of documents under sight credit for the first ten days.
17
Return commission
Fee for cheques, bills and collections returned unpaid and/or recalled.
18
B/L splitting charges
Fee for the splitting of bills of lading.
19
Trust commission
Fee for the handling on a fiduciary basis of imported goods that have been warehoused.
20
Transfer commission
Fee for the transfer of transferable documentary credits.
21
Commission for opening irrevocable documentary credits
Fee for opening irrevocable documentary credits. This fee is a kind of 'Guarantee commission' as compensation for the commitment into which the bank have entered on the customers behalf; similar to confirmation commission, acceptance commission.
22
Pre-advice commission
Fee for the pre-advice of a documentary credit.
23
Supervisory commission
Fee for the supervising unconfirmed documentary credits with a deferred payment period.
24
Model charges
Fee for decoding telex messages.
25
Risk commission
Commission in addition to the confirmation commission for documentary credits from sensitive countries.
26
Guarantee commission
Commission for drawing up guaranties.
27
Reimbursement commission
Fee for reimbursement of, for example, documentary credits.
28
Stamp duty
Tax payable on bills in accordance with national bill of exchange legislation.
29
Brokerage
Brokers commission arising, in trade with foreign currencies.
30
Bank charges
Charges deducted/claimed by other banks involved in the transaction.
31
Bank charges information
Charges not included in the total charge amount i.e. the charges are for information only.
32
Courier fee
Fee for use of courier service.
33
Phone fee
Fee for use of phone.
34
Postage fee
Fee for postage.
35
S.W.I.F.T. fee
Fee for use of S.W.I.F.T.
36
Telex fee
Fee for telex.
37
Penalty for late delivery of documents
Penalty imposed when documents are delivered late.
38
Penalty for late delivery of valuation of works
Penalty imposed when valuation of works is delivered late.
39
Penalty for execution of works behind schedule
Penalty imposed when the execution of works is behind schedule.
40
Other penalties
Penalty imposed for other reasons.
41
Bonus for works ahead of schedule
Bonus for completing work ahead of schedule.
42
Other bonus
Bonus earned for other reasons.
44
Project management cost
Cost for project management.
45
Pro rata retention
Proportional retention charge.
46
Contractual retention
Contractual retention charge.
47
Other retentions
Retention charge not otherwise specified.
48
Interest on arrears
Interest for late payment.
49
Interest
Cost of using money.
50
Charge per credit cover
Unit charge per credit cover established.
51
Charge per unused credit cover
Unit charge per unused credit cover.
52
Minimum commission
Minimum commission charge.
53
Factoring commission
Commission charged for factoring services.
54
Chamber of commerce charge
Identifies the charges from the chamber of commerce.
55
Transfer charges
Charges for transfer.
56
Repatriation charges
Charges for repatriation.
57
Miscellaneous charges
Not specifically defined charges.
58
Foreign exchange charges
Charges for foreign exchange.
59
Agreed debit interest charge
Charge for agreed debit interest
60
Manufacturer's consumer discount
A discount given by the manufacturer which should be passed on to the consumer.
61
Fax advice charge
Charge for fax advice.
62
Due to military status
Allowance granted because of the military status.
63
Due to work accident
Allowance granted to a victim of a work accident.
64
Special agreement
An allowance or charge as specified in a special agreement.
65
Production error discount
A discount given for the purchase of a product with a production error.
66
New outlet discount
A discount given at the occasion of the opening of a new outlet.
67
Sample discount
A discount given for the purchase of a sample of a product.
68
End-of-range discount
A discount given for the purchase of an end-of-range product.
69
Charge for a customer specific finish
A charge for the addition of a customer specific finish to a product.
70
Incoterm discount
A discount given for a specified Incoterm.
71
Point of sales threshold allowance
Allowance for reaching or exceeding an agreed sales threshold at the point of sales.