Import tariffs
Documentary credits (DC)
| Issuance fee | 1. 0.5% of DC amount, minimum AMD 30,000 for DCs with validity of up to 91 days. 2. For DCs with validity over 91 days, 0.5% of DC amount for 91 days and 0.005% daily thereafter, minimum AMD 30,000. Issuance fee is collected at the time of DC issuance in lump sum and is not subject to recalculation or refund in case of DC early repayment or cancellation. |
| Deferred payment bills (DPB) issuance fee |
|
| Confirming/Discounting bank fees | All fees applied by confirming/discounting bank for DC confirmation, documents checking, deferred payment and discounting, which in any case are advised to the customer by the Bank and collected. |
| Amendment fee |
|
| Payment commission | In accordance with Tariff of Charges for Legal Entities of the Bank |
| Discrepancy fee | The Bank will charge 125 unit of DC currency for each set of discrepant documents presented under the DC. The charge is paid by the exporter - the beneficiary |
| Overdue commission | 0.1% per month calculated from the bill (presented documents) and proportionally calculated for the part of it minimum AMD 5,000 if payment/disposal instructions have not been received by the Bank within 5 working days after the date of advice of discrepancies. |
| Document checking | Free of charge |
Documentary collections
| Advising fee | 0.2% of collection amount, minimum AMD 15,000, which is collected at the time of advising |
| Amendment fee | AMD 15,000 |
| Payment commission fee | In accordance with Tariff of Charges for Legal Entities of the Bank |
1 Depends on the risks of issuing bank and country
Other tariffs
- Providing of copies of old/archived information/documents – AMD 3,000 for each document1.
- Authentication and advice of received teletransmissions – AMD 25,000 for each teletransmission.
- Telecommunication/SWIFT (AMD 3,000 each), courier charges (according to invoices), correspondent banks fees and other incidental expenses, if any, will be additionally debited to the customers' accounts, notifying customer afterwards.
- AMD 10,000 account(s) servicing one-off fee is applicable for issuance of BGs, DCs and SDCs.
- All Global Trade and Receivables Finance (GTRF) fees and charges if paid to the Bank are payable upfront in Armenian Dram.
1 Inclusive of VAT
Call us on:
+374 (60) 655 300
open hours 09:00-18:00
+374 (60) 655 000
Our phone lines are open 24/7
Last updated on: 22/11/19 18:47 UTC