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Trade Finance Services Fees

Trade Finance Services Fees

All rates, commissions and charges are subject to change without prior notice. Incidental charges and other service or transaction fees not stated here will be levied on a case-by-case basis.

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Import LC Services

Import Letters of Credit (LC) Fees
Issuance of LCs 1/8% per month,
min 1/4% or S$75 whichever is higher
LC Amendments Increase of LC value:
1/8% per month,
min 1/4% 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 Fees
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 Fees
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

Export LC Services

Export LC Advising & Confirmation Fees
Advising Original LC UOB Customers:
S$30 flat

Non-UOB Customers:
S$50 flat
Pre-Advice of LC (Brief Cable) S$30 flat
Advising LC Amendment UOB Customers:
S$30 flat

Non-UOB Customers:
S$50 flat
Confirmation of Letters of Credit (LC) Subject to bank arrangement
Negotiation under Letters of Credit Fees
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 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 Fees
Handling Commission Min. S$500, subject to bank arrangement
Packing Credit Loan under Export Letters of Credit Fees
Handling Fee S$75 flat

Documentary Collection

Import Bills for Collection Fees
Handling Commission 1/8%, min. S$75
Presentation Fee First Presentation: Free

Subsequent Presentation: $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 Fees
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 Fees
Handling Commission 1/8%, min. S$75
 
Handling Commission
Export Invoice Financing Fees
Handling Commission 1/8%, min. S$75
 
Handling Commission

Banker’s Guarantee / Standby Letters of Credit

Issuance Fees
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 Fees
Amount Same fees as issuance
Tenor Same fees as issuance
Other Amendments S$75 flat
Advising Fees
Advising Fees UOB Customers:
S$30 flat

Non-UOB Customers:
S$50 flat

Other Charges

Services Fees
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

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