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Import tariffs

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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	4% per annum calculated on the bill (presented documents) amount and proportionally calculated for the additional period thereafter, minimum AMD 30,000, which is collected after advising the customer about receipt of documents by the Bank. 1% per annum for cash covered bill (presented documents) calculated on the bill amount and proportionally calculated for the additional period thereafter, minimum AMD 15,000, which is collected after advising the customer about receipt of documents by the Bank. Deferred payment bill (DPB) issuance fee is not subject to recalculation or refund in case of DPB early repayment or cancellation.
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	AMD 25,000 for each amendment issuance Additional issuance commission to be levied proportionally for amendments involving an increase in amount or extension of validity. In case of change in security type, issuance fee is reviewed accordingly based on existing tariffs Cancellation of DC is considered as an amendment
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

¹Depends 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.

¹Inclusive of VAT

Last updated on: 22/11/19 18:47 UTC

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+374 (60) 655 300

Open hours 09:00-18:00

hsbc.armenia@hsbc.com

Find out more about Imports

Imports

Import Documentary Credit

Import Documentary Collection