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1 |
| Handling commission |
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Fee for the processing of documentary credit, collection and payment which are charged to the customer. |
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2 |
| Amendment commission |
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Fee for amendments in documentary credit and collection business (not extensions and increases of documentary credits). |
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3 |
| Acceptance commission |
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Fee for the acceptance of draft in documentary credit and collection business which are drawn on us (also to be seen as a kind of 'guarantee commission'). |
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4 |
| Commission for obtaining acceptance |
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Fee for obtaining an acceptance under collections on the basis of 'documents against acceptance'. |
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5 |
| Commission on delivery |
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Fee for delivery of documents without corresponding payment. |
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6 |
| Advising commission |
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Fee for advising documentary credits (charged also in case of confirmed credits). |
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7 |
| Confirmation commission |
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Fee for confirmation of credit. |
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8 |
| Deferred payment commission |
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Fee for the deferred payment period under documentary credits confirmed by bank. This fee are charges for the period from presentation of the document until due date of payment. |
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9 |
| Commission for taking up documents |
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Fee charged to the foreign bank for the processing of documentary credit. |
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10 |
| Opening commission |
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Fee for opening revocable documentary credit. |
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11 |
| Fee for payment under reserve |
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Fee charged to the customer for discrepancies in credit documents in the case of which the bank have to stipulate payment under reserve. |
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12 |
| Discrepancy fee |
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Fee charged to the foreign bank for discrepancies in credit documents. |
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13 |
| Domicilation commission |
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Fee for the domicilation of bills with the bank. |
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14 |
| Commission for release of goods |
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Commission for the release of goods sent to the bank. |
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15 |
| Collection commission |
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Fee for settling collections on the basis of 'documents against payments'. |
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16 |
| Negotiation commission |
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Fee for the purchase of documents under sight credit for the first ten days. |
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17 |
| Return commission |
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Fee for cheques, bills and collections returned unpaid and/or recalled. |
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18 |
| B/L splitting charges |
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Fee for the splitting of bills of lading. |
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19 |
| Trust commission |
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Fee for the handling on a fiduciary basis of imported goods that have been warehoused. |
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20 |
| Transfer commission |
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Fee for the transfer of transferable documentary credits. |
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21 |
| Commission for opening irrevocable documentary credits |
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Fee for opening irrevocable documentary credits. This fee is a kind of 'Guarantee commission' as compensation for the commitment into which the bank have entered on the customers behalf; similar to confirmation commission, acceptance commission. |
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22 |
| Pre-advice commission |
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Fee for the pre-advice of a documentary credit. |
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23 |
| Supervisory commission |
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Fee for the supervising unconfirmed documentary credits with a deferred payment period. |
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24 |
| Model charges |
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Fee for decoding telex messages. |
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25 |
| Risk commission |
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Commission in addition to the confirmation commission for documentary credits from sensitive countries. |
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26 |
| Guarantee commission |
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Commission for drawing up guaranties. |
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27 |
| Reimbursement commission |
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Fee for reimbursement of, for example, documentary credits. |
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28 |
| Stamp duty |
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Tax payable on bills in accordance with national bill of exchange legislation. |
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29 |
| Brokerage |
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Brokers commission arising, in trade with foreign currencies. |
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30 |
| Bank charges |
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Charges deducted/claimed by other banks involved in the transaction. |
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31 |
| Bank charges information |
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Charges not included in the total charge amount i.e. the charges are for information only. |
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32 |
| Courier fee |
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Fee for use of courier service. |
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33 |
| Phone fee |
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Fee for use of phone. |
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34 |
| Postage fee |
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Fee for postage. |
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35 |
| S.W.I.F.T. fee |
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Fee for use of S.W.I.F.T. |
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36 |
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37 |
| Penalty for late delivery of documents |
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Penalty imposed when documents are delivered late. |
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38 |
| Penalty for late delivery of valuation of works |
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Penalty imposed when valuation of works is delivered late. |
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39 |
| Penalty for execution of works behind schedule |
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Penalty imposed when the execution of works is behind schedule. |
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40 |
| Other penalties |
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Penalty imposed for other reasons. |
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41 |
| Bonus for works ahead of schedule |
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Bonus for completing work ahead of schedule. |
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42 |
| Other bonus |
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Bonus earned for other reasons. |
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43 |
| Penalty refund |
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Self explanatory. |
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44 |
| Project management cost |
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Cost for project management. |
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45 |
| Pro rata retention |
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Proportional retention charge. |
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46 |
| Contractual retention |
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Contractual retention charge. |
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47 |
| Other retentions |
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Retention charge not otherwise specified. |
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48 |
| Interest on arrears |
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Interest for late payment. |
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49 |
| Interest |
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Cost of using money. |
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50 |
| Charge per credit cover |
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Unit charge per credit cover established. |
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51 |
| Charge per unused credit cover |
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Unit charge per unused credit cover. |
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52 |
| Minimum commission |
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Minimum commission charge. |
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53 |
| Factoring commission |
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Commission charged for factoring services. |
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54 |
| Chamber of commerce charge |
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Identifies the charges from the chamber of commerce. |
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55 |
| Transfer charges |
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Charges for transfer. |
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56 |
| Repatriation charges |
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Charges for repatriation. |
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57 |
| Miscellaneous charges |
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Not specifically defined charges. |
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58 |
| Foreign exchange charges |
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Charges for foreign exchange. |
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59 |
| Agreed debit interest charge |
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Charge for agreed debit interest |
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60 |
| Manufacturer's consumer discount |
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A discount given by the manufacturer which should be passed on to the consumer. |
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61 |
| Fax advice charge |
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Charge for fax advice. |
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62 |
| Due to military status |
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Allowance granted because of the military status. |
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63 |
| Due to work accident |
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Allowance granted to a victim of a work accident. |
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64 |
| Special agreement |
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An allowance or charge as specified in a special agreement. |
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65 |
| Production error discount |
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A discount given for the purchase of a product with a production error. |
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66 |
| New outlet discount |
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A discount given at the occasion of the opening of a new outlet. |
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67 |
| Sample discount |
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A discount given for the purchase of a sample of a product. |
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68 |
| End-of-range discount |
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A discount given for the purchase of an end-of-range product. |
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69 |
| Charge for a customer specific finish |
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A charge for the addition of a customer specific finish to a product. |
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70 |
| Incoterm discount |
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A discount given for a specified Incoterm. |
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