Trade Services

    • trade and remittances services feestrade and remittances services fees

      Comprehensive trade services

    Incidental charges such as SWIFT, courier, postage, agency fees and correspondent charges will result in additional cost. Fees for other services or transactions not mentioned in the tables below will be levied on a case-by-case basis. All rates, commissions and charges stated here are subject to change without prior notice.

    Trade Services Fees - Import Services

    Import Letters of Credit (LC)

    Issuance of LCs
    1/8% per month, min ¼% or S$75 whichever is higher
    LC Amendments
    • Increase of LC value 1/8% per month, min. ¼% or S$75 whichever is higher
    • Extension of LC Expiry Date 1/8% per month of outstanding balance, min. S$75
    • Other Amendment S$75
    Non SWIFT/ Paper LC issuance to other banks
    S$100 flat (this charge is in addition to Issuance/Amendment fee)
    Inward Documentary Bills
    Usance LC acceptance 1/8% per month from LC expiry date to due date, min. S$75
    LC overdrawn 1/8% per month, min 1/4% or S$75 whichever is higher
    Discrepancy Fee S$100 flat
    Shipping Guarantees
    Issuance under Letter of Credit S$75 flat
    Issuance under Collection Bills 1/8%, min S$75
    Unredeemed Shipping Guarantee 1/2% for every 3 months, min S$75

    Trade Services Fees - Export Services

    Export LC Advising

    Export LC Advising
    Pre-Advice of LC (Brief Cable) S$30 flat
    Advising Original LC • UOB Customers: S$30 flat
    • Non-UOB Customers: S$50 flat
    Advising LC Amendment • UOB Customers: S$30 flat
    • Non-UOB Customers: S$50 flat
    Confirmation of Letters of Credit Subject to bank arrangement
    Negotiation under Letters of Credit
    Handling Commission • UOB Customers: 1/8%, min S$75
    • Non-UOB Customers: 1/8%, min S$150, subject to bank arrangement
    Bank Acceptance Subject to bank arrangement
    Counter-sign Letter of Indemnity to Other Banks 1/8% for two months, min. S$75, subject to bank arrangement
    Confirmation of Letters of Credit Subject to bank arrangement
    Transferable Letters of Credit
    Handling Commission Min. S$500, subject to bank arrangement
    Packing Credit Loan under Export Letters of Credit
    Handling fee S$75 flat

    Documentary Collection

    Import Bills for Collection
    Handling Commission 1/8%, min. S$75
    Presentation Fee
    • First Presentation
    • Subsequent Presentation
    • Free
    • $30 per presentation
    Document to be released free of payment or without endorsement 1/8%, min. S$75
    Reminders S$10 each
    Holding Fee S$50 per month (after 2 months)
    Export Bills for Collection
    Handling Commission 1/8%, min. S$75
    Unpaid & Returned Items S$75 flat
    Holding Fee S$50 per month (after 2 months)
    Amendment Fee S$30 flat

    Invoice Financing

    Import Invoice Financing
    Handling Commission 1/8%, min. S$75
    Export Invoice Financing
    Handling Commission 1/8%, min. S$75

    Banker’s Guarantee / Standby Letters of Credit

    Issuance
    Non-financial • Up to 2 years – min. 1% p.a. or S$150,whichever is higher, subject to bank arrangement
    • Above 2 years – min. 1.5% p.a. or S$150,whichever is higher, subject to bank arrangement
    Financial Min. 2% p.a. or S$150, whichever is higher, subject to bank arrangement
    Non-Standard Text S$100 flat
    (this charge is in addition to Issuance fee)
    Amendment
    Amount Same fees as issuance
    Tenor Same fees as issuance
    Other Amendments S$75 flat
    Advising
    Advising Fee • UOB Customers: S$30 flat
    • Non-UOB Customers: S$50 flat

    Other Charges (applicable to all Trade products)

    Other Charges (applicable to all Trade products)
    Commission in lieu of exchange 1/8%, min. S$75
    SWIFT Cable Charges S$30
    Lengthy Cable S$50 for 2 pages (For SWIFT message exceeding 2 pages, an extra charge of S$50 per additional page will be imposed)
    Fax message (on request) S$5 per fax
    Tracer for investigation S$30