2

Trade services

2.1.

Import

2.1.1.(a)

Import Letters of Credit from Birr Account

a) Exchange Commission

2.5%

b) Opening Commission

4% Min USD 250

c) Service Charge

5.5%  Min USD 200 (For 3 months or part thereof)

d) Additional service charge (If LC is opened at Margin)

5% Min USD 250 on unpaid balance (For 3 months or part thereof)

e) Confirmation commission

5% (For 3 months or part thereof)

f) Amendment commission

USD 150

g) Cancellation commission

USD 150

h) SWIFT charge 

USD 100 - For Full L/C text USD 50 - Amendment per page

i) Correspondent charge 

Per debit advice

j)  Photocopy

Birr 200

k) Foreign Exchange Applications for Imports

Birr 100

l) Discrepancy document charge for Import (From Beneficiary Account)

USD 200

m) Interest on advance on Import L/C

Advance on Import Bills rate

2.1.1(b)

Import Letters of Credit from FCY Denominated Account

a) Opening Commission

2%  Min USD 250 (For 3 months or part thereof)

b) Service Charge

3.5% Min USD200 (For 3 months or part thereof)

c) Additional service charge (If LC is opened at Margin)

5% Min USD 250 on unpaid Balance (For 3 months or part thereof)

d) Confirmation commission

5% (For 3 months or part thereof)

e) Amendment commission

USD 150

f) Cancellation commission

USD 150

g) SWIFT charge 

USD 100 - For Full L/C text  USD 50 - Amendment per page

h) Correspondent charge 

Per debit advice

i) Photocopy

Birr 200

j) Interest on advance on Import L/C

Advance on Import Bills rate

2.1.2(a)

 Extension on LC from Birr Account 

a) Extension Commission

4.0% (For Three months or part thereof)

b) Service Charge

5.5% Min USD 200 (For 3 months or part thereof)

c) Additional service charge (If LC is opened at Margin)

5% Min USD 250 on unpaid Balance (For 3 months or part thereof)

d) Confirmation commission(only for confirmed Letter of Credit)

5% (For 3 months or part thereof)

e) SWIFT charge 

USD 50

2.1.2(b)

 Extension on LC from FCY Denominated Account

a) Extension Commission

2.0% (For Three months or part thereof)

b) Service Charge

3.75%  Min USD200 (For 3 months or part thereof)

c) Additional service charge (If LC is opened at Margin)

5% Min USD 250  on unpaid Balance (For 3 months or part thereof)

d) Confirmation commission(only for confirmed Letter of Credit)

5% (For 3 months or part thereof)

e) SWIFT charge 

USD 50

2.1.3 

Partial Shipment for LC opened.

Partial Shipment on LC 

Free for 1st partial, 5% Min USD 250 for all shipments thereafter

2.1.4 (a)

Excess Drawings (Increase of amount on FOB Value or Freight) from Birr Account 

a) Exchange Commission

2.5%

b) Opening Commission

4% Min USD 250

c) Service Charge

15% Min USD 200

2.1.4(b)

Excess Drawings (Increase of amount on FOB Value or Freight) from FCY Denominated Account

a) Opening Commission

2% Min USD 250 (For 3 months or part thereof)

b) Service Charge

3.75% Min USD 200

2.1.5(a)

Increase in L/C Amount from Birr Account

a) Opening Commission

4% on increased amount (For three months or part thereof)

b) Service Charge

15% Min USD 200 on increased amount

c) Additional Service Charge (If the increase is on LC opened at Margin)

5% Min USD 250  on Unpaid Balance (For Three months or part thereof)

d) Confirmation commission

5% on increased amount

2.1.5(b)

Increase in L/C Amount from FCY Denominated Account

a) Exchange Commission

Free

b) Opening Commission

2% on increased amount

c) Service Charge

3.75% Min USD 200 on Increased amount

d) Additional Service Charge (If the increase is on LC opened at Margin)

5% Min USD 250 on unpaid Balance of increase amount

e) Confirmation commission

5% on increased amount

2.1.6

Suppliers Credit 

a) Exchange Commission

Free

b) Opening Commission

2% Min USD 250 

c) Service Charge

5% Min USD 200 

d) Acceptances LCs Issuance of Acceptance L/C (By special arrangement)

Ordinary LC charges at the time of LC opening Plus 0.5% at the time of settlement

2.1.7 (a)

Treatment of Expired LC from Birr Account

a) Extension Commission

4%

b) Service Charge

5.5% Min USD 200

c) Confirmation Commission, if any

5%

d) Additional Service Charge (If the increase is on LC opened at Margin)

5% Min USD 250 on unpaid Balance of increase amount

2.1.7 (b)

Treatment of Expired LC from FCY Denominated Account

a) Extension Commission

2%

b) Service Charge

5%  Min USD 200

c) Confirmation Commission, if any

5%

2.1.8

Guarantee under L/C Delivery order (DO)

 a)

Issuance of Delivery order under LC with 110% payment Guarantee issued for missing B/L or Airway Bill under sight L/C (Customers must deposit the invoice value of goods plus 10% & present appropriate foreign exchange permit)

USD 200

2.1.9

Documentary Collection (Inward Bills for Collection-IBCo or Cash Against Document (CAD)

a) Exchange Commission

2.50%

b) Service Charge

9.50% Min USD 250

c) SWIFT  

USD 50

d) Photo Copy  

Birr 200

e) Unpaid Items/ to be/ Returned

Service Charge USD 100 + SWIFT Charge + Courier charge - per cost

f) Unpaid Items held in Safe Custody (Trust)

Custody charge - USD 100 flat per month for more than 1 months

g) Delivery of documents without or free of payment

USD 50

i) Purchase Order Extension Commission (Extension is allowed for a maximum of 3 months)

9.50% Min USD 250

j) Amendment of Purchase Order and Permits

USD 100 per Amendment

k)Permit splitting Charge

USD 100 per split

2.1.9.1

Guarantee under Documentary Collection Delivery order (OD)

 a)

Issuance of Delivery Order Under Documentary Collection with 110% payment  Guarantee for missing/presentation of B/L (Customers must deposit 110% of the invoice value of goods & present appropriate foreign exchange permit)

USD 200

 b)

Acceptances CADs  Short term guarantee or acceptance of draft to cover suppliers credit

Ordinary CAD charges at the time of opening Plus 0.5% at the time of settlement

2.1.10

Freight Charges

a) Exchange Commission

2.50%

b) Service Charge

9.50% Min USD 250

Service Charge (From Importers - Against Debit of FCY Denominated Accounts : 4.5%

2%

2.1.11

Additional Charges

 a)

Shipments made before the approval of purchase order

7% Min USD 150

 b)

Shipments made after the expiry of purchase order

11% Min USD200

 c)

Partial Shipment on CAD

Free for 1st partial, 5% Min USD 250 for all shipments thereafter

2.2

Export-Letter of Credit

2.2.1

Letter of Credit

2.2.1.1

Service Charges

a) Advising

USD 50     for advice to other Bank; otherwise FREE

b) Extension

USD 50     for advice to other Bank; otherwise FREE

c) Amendment  

USD 50     for advice to other Bank; otherwise FREE

d) Extension & Amendment

USD 50     for advice through other Bank; otherwise FREE

e) Confirmation Commission

USD 50     for advice through other Bank

f) Cancellation Commission

 USD 50  

2.2.2.

Negotiation of documents     (Outward Documentary Bills Purchased - ODBP)

a) Negotiation Commission (Service Charge)

Free

b) Postage

As per receipt of Courier Service Provider

c) SWIFT

USD 50

d) Advance on Export Bills ( After 30 Days - If the proceeds of the document is not credited to our A/C)

Interest to be collected at the prevailing lending rate for Advance on Export Bills

e) Purchase of Export documents from exporters who have pre-shipment financing and if the proceeds of the document is not credited to our A/C within 30 days) 

10% per month (The date will be counted starting from the Date of Negotiation)

f) Photo Copy 

Birr 200

g) Our Bank LC Authentication Charge

Birr 1500

h) Other Bank LC Amendment Authentication Charge

Birr 1000

i) Other Bank Authentication Charge

As per the debit advice

Export Documentary Collection

2.2.3

Outward Documentary Bills Collection (ODBC)

a) Service Charge

Free

b) Postage

As per receipt of Courier Service Provider

c) Photocopy

Birr 200

d) SWIFT

USD 50

Advance payment for export through bank transfer

Free

Service Charge on issuance of Export permit for which advance payment has been received 

Free

Export on consignment basis at the issuance of permit

Free

Issuance of Export permit against deposit of foreign currency cash note

Free

3

Letter of Guarantee (Foreign)

Type A:

3.1

Bid bonds as well as performance bonds issued at the request of Correspondent banks abroad with their counter guarantee

Up to USD 200,000

1.75%  Min USD 150

From USD 200,001 - 400,000

1.5% Min USD 150

From USD 400,001 - 600,000

1.25% Min USD 150

Above 600,000

1.25% Min USD 150

3.2 

Amendment

3.2.1.

Increase in Amount of guarantee opened or confirmed by our bank

1.75% Min USD 200

3.2.2.

Extension of validity date of guarantee opened or confirmed by our bank

Price indicated on 3.1 applied for the extended period of days

3.2.3.

Other terms of guarantee

USD 100

Type B:

Bid bonds issued by correspondent bank passed by with our authentication without our counter guarantee

Br 1500

Type C:

Indirect Foreign bid bond at the request of local customer

Against 100% deposit

0.75% Min USD 150

With other collaterals

1% Min USD 150

4.

Incidental and other charges

Small Item Export Permits

USD 85

Cost of Cheque Books 

As per cost

Sale of Daily Exchange Rate Summary Sheet

Daily Exchange Rate Summary

Birr 50 per Copy

Annual Subscription Fee

Birr 500 Per Copy

Provision of Foreign Exchange Rate

Exchange Rate of any particular date with in one (1) year

Birr 100

Exchange Rate of over 1 year old

Birr 200 per page

Issuance of Additional Bank Statement from FCY and Retention Account

Statement to be sent by fax

USD 20

Statement to be sent by mail

USD 10 + Courier charge