ANNEXURE – II Facility Clients
Letters of credit-Sight 0.35% p.q. Prior notice to RMV Rs. 3,000.00 per vehicle Each additional 30 days or part thereof.(Validity of LC) add 0.125% p.m. Minimum Commission Rs. 9,000.00 Cheque Return Charges Rs. 750.00 per Cheque (Post dated Cheques) Letters of Credit-Usance 0.5% p.q. Each additional 30 days or Inspection of vehicles Actual Expences part thereof. add 0.125% p.m. (In case of distinctive visits (Transport Cost and (Tenor plus Validity of LC) concluded for some reason Other Expences) Minimum Commission Rs. 9,000.00 or other) Plus Rs. 2,500.00 Swift charges Rs. 3,000.00 per LC Documentation Charges Rs. 3,500.00 per LC Loading / unloading of goods Rs. 2,500.00 per hour Under supervision by an officer, Bill settlement charges Rs. 4,000.00 per Bill Usance bill acceptance commission 0.5% on invoice value Pay Order/ Online payment Charges Rs. 600.00 per Payment Minimum Rs. 5,000.00 Vehicle Clearing Charges Swift Charges Rs. 1,500.00 L P S Freighters Rs. 21,000.00 per vehicle Amendments to N. R. International Rs. 17,000.00 per vehicle 0.35% p.q. or 0.5% p.q. Letters of Credit - Ace Cargo Rs. 16,000.00 per vehicle Value Enhancements Whichever is applicable. Rs. 5,000.00 Minimum Commission Handling Charges for 0.1% on total loan value. Extension of validity - Add 0.125% Commodity Imports over 3 months For each Additional (DP/LC) Documents Minumum Rs. 5,000.00 30 days or part there of brought from other banks Maximum Rs. 15,000.00 Minimum Commission Rs. 4,500.00 Extension of validity - Handling charges for Commodity Rs. 1,000.00 per release within 3 months Rs. 4,500.00 Stock releases Any other amendments Rs. 4,500.00 Inspection of vehicles Rs. 2,500.00 per Swift Charges (Vehicle pledge loans) visit For each Amendments - Rs. 2,500.00 Handling Charges for Rs. 7,500.00 flat Vehicle Pledge Loan (VPL) per request Substitution of documents Rs. 7,500.00 . (document with a higher Per document Handling Charges for documents Rs. 10,000.00 per document. value must be produced) taken away without obtaining (However, Sole Discretion of the Trade Finance facilities, Management) but LC established by FFL. Import bills collected Rs. 5,000.00 from other banks - Per Document All Bank charges not specified Add 20% to the actual in Trade Finance Tariff and bank charges, Endorsements for 0.5% on invoice value in case of increase over and Shipping Guarantees above the Spcific charges. Minimum Rs. 5,000.00 Outstanding over 30 days Rs. 6,500.00 per month Handling charges, for Rs. 7,500.00 per requirment Reimbursement of Import Bills /Customs Duty settled by the client. Cancellation of letters of credit Rs. 5,000.00 (Within 70% of the landed cost.) Note: commission/swift charges and Documentation charges will not be refunded. Air Shipments Rs. 5,000.00 (endorsement of copy Documents in the abscence of Original Import documents.) Swift Charges Rs. 2,500.00
Stock Inspection at client’s Rs. 2,500.00 Discrepant documents Rs. 4,000.00 per document Warehouse by an officer Per hour
Kindly be advised that the Management of Fintrex Finance Limited,reserves the right to revise the above charges as and when deemed necessary.
Further, this Tariff will be applied to all Facility Clients from 1st of December 2020