Schedule of Letter of Credit Fees and Charges under Credit Agreement
This document outlines the fees and charges associated with various types of letters of credit, including import, export, and standby letters of credit, as part of a broader credit agreement. It details the costs for issuance, amendments, negotiation, acceptance, transfers, assignments, discrepancies, and other related services. The schedule specifies when payments are due and sets minimum charges for each service. The parties involved are the financial institution issuing the letters of credit and the client utilizing these services. The terms are effective as referenced in the related credit agreement.
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 |
