How much do export letters of credit cost?
You pay a fee:
- 0.10% for the notification – €20 minimum charge
- 0.25% for the confirmation per indivisible quarter – €35 minimum charge
- 0.40% for the execution or settlement – €35 minimum charge
- 0.20% for transfer to another beneficiary – €20 minimum charge
Moreover, you pay:
- €20 for cancellation or non-execution
- €15 for amendment
- €30 for reimbursement instructions
- €40 per document pre-checking
Have a look at the commissions and other charges.