Trade Finance and Services

Import Services

I. OPENING DOCUMENTARY CREDIT(L/C) AND AMENDMENTS

Items Charges Minimum Charges for General L/C Minimum Charges for Back-to-Back
L/C
A. Opening L/C 1/4% on L/C amount for each validity period of six months HK$500 HK$900
B. Amendment(s) Applicable to amendment(s) other than Extension of validity and Increase in L/C amount HK$400 HK$500
C. Extension of validity
  1. If the extension is still within the six-month period which had been charged.
  2. If the extension is beyond the six-month period, 1/4% on L/C outstanding amount for each validity period of six months

HK$400

 


HK$500

HK$500

 


HK$900

D. Increase in L/C amount On the same basis as for opening of a new L/C HK$500 HK$900

 

II. IMPORT BILLS AND OTHER CHARGES / COMMISSIONS

Items Charges / Commissions Minimum
A. H.K. Dollar Import Bills under
L/C
1/4% on bill amount HK$350
B. Foreign currency bills / collection settled in original currency Commission in lieu of exchange:
1/4% on bill amount
HK$350
C. Acceptance commission for usance import bills under L/C 1/16% on bill amount per month for the validity of acceptance HK$350
D. Drawing commission for revolving L/C 1/8% on bill amount per drawing shall be charged after the original amount of the L/C has been drawn HK$500
E. Import collection 1/8% on bill amount HK$350
F. Shipping guarantee
  1. Commission on each guarantee issued
  2. In case the original transport documents are not ultimately received through our Bank or not received by our Bank within the first three months, an additional commission shall be charged at 1/4% on invoice value
  3. Commission shall be charged for each consecutive two months until our Bank receives the original transport documents

HK$300

HK$350

 



HK$300

G. Import invoice financing 1/4% on bill amount HK$450

Export Services

I. EXPORT BILLS AND OTHER CHARGES / COMMISSIONS

Items Charges / Commissions Minimum
A. Advising L/C or amendment(s) BOCHK CUSTOMERS

NON- BOCHK CUSTOMERS
HK$300

HK$400
B. Confirming L/C 1/8% on L/C amount for each validity period of one month(May vary by country / district) HK$500
(May vary by country / district)
C. Export collection 1/8% on bill amount HK$350
D. Negotiation / purchase / advance under H.K. Dollar Export Bills 1/4% on bill amount HK$350
E. Foreign currency bills paid in original currency Commission in lieu of exchange: 1/4% on bill amount HK$350
F. Checking documents under L/C Shall be charged per each set of documents(If documents contain two sets or more transport documents or L/Cs , an addition of HK$150 per each set of transport documents or L/C will be charged.) HK$300
G. Packing loan 1/8% on Packing Loan amount HK$350
H. Pre-shipment Financing
  1. General Commission: 1/4% on Financing amount
  2. Other Commission (repayment with non-relevant export bill(s)):1/8% on Financing amount

HK$450


HK$350

I. Export invoice discounting 1/4% on bill amount HK$450

 

II. TRANSFER OF DOCUMENTARY CREDITS

Items Charges / Commissions
A. Fully transfer
  1. Commission: HK$500
  2. Amendment: HK$500
B. Partial transfer
  1. Commission: 1/4% on transfer amount shall be charged with a minimum of HK$800

  2. Amendment

2.1 Increase of credit amount: 1/4% on transfer amount              shall be charged with a minimum of HK$800
2.2 Other terms and conditions: HK$500

Other Services

I. ISSUANCE OF GUARANTEE OR BOND / STANDBY LETTERS OF CREDIT(SBLC)

Items Charges / Commissions Minimum
A. Issuance of Guarantee or Bond or Standby L/C Calculated based on the guaranteed amount and the validity: 1/8% per month HK$800
B. Amendment(s) Amendments excluding scenario mentioned in C & D below HK$400
C - 1. Extension of validity (equivalent or less than 6 months)

HK$400

 

 

C - 2. Extension of validity (longer than 6 months) Calculated based on the balance of the guaranteed amount and the extension period: 1/8% per month HK$800
D. Increase in amount Calculated based on the increased amount and the remaining validity: 1/8% per month HK$800
E. Payment against H.K. Dollar demand 1/4% on demand amount HK$350
F. Seal Charges Applied as applicable: HK$1,000  
G. Collection of demand 1/8% of demand amount HK$1,000
H. Advising Guarantee or Bond or Standby L/C or amendment(s) BOCHK Customers
Non- BOCHK Customers
HK$300
HK$400

 

II. FACTORING

Items Charges / Commissions Minimum
Service fee

Subject to negotiation

-
Discounting interest

Subject to negotiation

-
On-site survey fee Fixed amount per on-site visit HKD1,000

 

III. Supply Chain Solution

Items Charges / Commissions Minimum
Service fee

Subject to negotiation

-
Discounting charges

Subject to negotiation

-

Other Charges / Interest

Items Charges / Commissions
A. Telecommunication charges Charges will be levied at current rates
B. Postal charges Charges based on mailing weight, method and location
C. General bills interest rate Subject to negotiation

 

REMARKS:

  1. Calculation of the validity period:
    For validity period of six months, a period of less than six months is also charged as one validity period.
    For validity period of one month, a period of less than a full month is also charged as one validity period.

  2. The charges detailed in the schedule are general charges only and are subject to change without prior notice. If customers request other services, additional charges may be levied.

  3. If you have any questions or require special arrangements, please contact our Trade Products Hotline at +852 3988 2288.

     

Reminder: To borrow or not to borrow? Borrow only if you can repay!