SCHEDULE 3.07
to Credit Agreement
Letter of Credit Fees and Charges
Import Letters of Credit | Timing of Payment | |
Issuance | 1/10%; minimum $120 | Up-front |
Amendment to increase | 1/10%; minimum $100 | Upon advice |
Amendment - no increase | $75 | Upon advice |
Negotiation | 1/10%; minimum $100 | Upon advice |
Acceptance | 2%; minimum $100 | Upon advice |
Transfer | 1/4%; minimum $125 | Upon advice |
Assignment | 1/8%; minimum $120 | Upon advice |
Discrepancy | $75 | Upon advice |
Air Way Bill | $100/month | Upon advice |
Expiry/Amount Unused | $100 | Upon advice |
Cancellation | $100 | Upon advice |
Export Letters of Credit | ||
Pre-Advice | $50 | Upon advice |
Advice | $90 | Upon advice |
Amendment | $75 | Upon advice |
Amendment - confirmed | 1/10%; minimum $100 | Upon advice |
Negotiation | 1/10%; minimum $100 | Upon advice |
Docs sent unexamined | $120 | Upon advice |
Acceptance | By arrangement; minimum $100 | Upon advice |
Reimbursement | $90 | Upon advice |
Deferred Payment/Confirm L/C | 3%/annum; minimum | $100 Up-front |
Deferred Payment/Unconfirmed L/C | $100 | Upon advice |
Discrepancy | $60 | Upon advice |
Transfer | 1/4%; minimum $125 | Upon advice |
Assignment - Pay Proceeds | 1/4%; minimum $125 | Upon advice |
Documentary Collections | ||
Software | Free | N/A |
Usance | $120 | Upon advice |
Sight draft | $85 | Upon advice |
Direct Collection Letter | $75 | Upon advice |
Export/Direct | $50 | Upon advice |
Amendment | $25 + Cable fees | Upon advice |
Tracer | $25 | Upon advice |
Protest | $250 + Expenses | Upon advice |
Activity fees (per letter of credit) | ||
Cable/SWIFT | $30 | Upon advice |
Courier | $20 (or interoffice mail @ no cost) | Upon advice |
Fed wire | $35 (no charge on incoming collections) | Upon advice |
Tracer | $30 | Upon advice |
Standby Letters of Credit | Timing of Payment | |
Issuance | 2%/annum | Up-front |
Amendment to increase | 1/10%; minimum $100 | Upon advice |
Amendment - no increase | $75 | Upon advice |
Negotiation | 1/10%; minimum $100 | Upon advice |
Acceptance | 2%; minimum $100 | Upon advice |
Transfer | 1/4%; minimum $125 | Upon advice |
Assignment | 1/8%; minimum $120 | Upon advice |
Discrepancy | $75 | Upon advice |
Air Way Bill | $100/month | Upon advice |
Expiry/Amount Unused | $100 | Upon advice |
Cancellation | $100 | Upon advice |