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3.3. Operations with documentary letters of credit




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3.3. Operations with documentary letters of credit  
3.3.1. Operations with documentary letters of credit in Russian rubles for settlements in the territory of the Russian Federation  
3.3.1.1. Documentary letters of credit opened by the Bank of Moscow  
3.3.1.1.1. Opening of a letter of credit/increase of the amount of the letter of credit  
   - at 100% coverage 0.1%, min 1 200 rubles, max 20 000 rubles
   - on other conditions Negotiable
3.3.1.1.2. Change of the terms of the letter of credit (except for increase of the amount), cancellation of the letter of credit prior to expiry 1 200 rubles
3.3.1.1.3. Acceptance, inspection of documents on the letter of credit executed by the Bank of Moscow 0.1%, min 1 200 rubles, max 20 000 rubles
3.3.1.2. Documentary letters of credit opened by other banks  
3.3.1.2.1. Confirmation of the letter of credit/increase of the amount Negotiable
3.3.1.2.2. Advising of the letter of credit 1 200 rubles
3.3.1.2.3. Advising of changes in the conditions of the letter of credit 1 200 rubles
3.3.1.2.4. Acceptance, inspection of documents on the letter of credit executed by the Bank of Moscow 0.1%, min 1 200 rubles, max 20 000 rubles
3.3.1.2.5. Acceptance, inspection of documents on the letter of credit not executed by the Bank of Moscow (at the request of the payee) 0.1%, min 1 200 rubles, max 15 000 rubles
3.3.1.2.6. Cancellation of the letter of credit prior to expiry 1 200 rubles
3.3.2. Operations with documentary letters of credit for international settlements  
3.3.2.1. Export letters of credit  
3.3.2.1.1. Preadvising of a documentary letter of credit $ 30
3.3.2.1.2. Advising of a documentary letter of credit:  
   - in favour of beneficiaries – customers of the Bank of Moscow 0.1%, min $ 50, max $ 1000
   - to the second advising bank 0.1%, min $ 50, max $ 250
3.3.2.1.3. Confirmation of a documentary letter of credit/conformation of an increase of the amount of the letter of credit/confirmation of prolongation of the letter of credit:  
   - at 100% coverage 0.1% per quarter or any part thereof, min $ 100
   - on other conditions Negotiable
3.3.2.1.4. Advising of changes in the conditions of a documentary letter of credit, including increase of the amount of a documentary letter of credit and prolongation of a documentary letter of credit $ 50
3.3.2.1.5. Receipt, inspection, dispatch of documents  
   - related to the letter of credit for which the Bank of Moscow is not the designated bank 0.15%, min $ 50, max $ 500
   - related to the letter of credit for which the Bank of Moscow is the designated bank 0.15%, min $ 50, max $ 2000
3.3.2.1.6. Assignment of the letter of credit in favour of another beneficiary 0.1% from the amount of the letter of credit, min $ 100, max $ 800
3.3.2.1.7. Acceptance of drafts 0.1% from the amount for any month pr a part thereof, min $ 30
3.3.2.1.8. Commission for receipt of documents containing discrepancies with the conditions of the letter of credit, in case the letters of credit of the Bank of Moscow are employed $ 50
3.3.2.1.9. Cancellation of the letter of credit, reimbursement obligation prior to expiry $ 50
3.3.2.1.10. Issue, increase of the amount, prolongation of a reimbursement obligation:  
   - at 100% coverage 0.1% per quarter or any part thereof, min $ 100
   - on other conditions Negotiable
3.3.2.1.11. Performance of the functions of the reimbursement bank with no issue of reimbursement obligations $ 60
3.3.2.1.12. Introduction of changes in a reimbursement obligation $ 150
3.3.2.1.13. Payment on a reimbursement obligation or reimbursement instructions $ 30
3.3.2.1.14. Early cancellation of a reimbursement obligation $ 30
3.3.2.1.15. Sending of a SWIFT (telex) message $ 5
3.3.2.2. Import letters of credit  
3.3.2.2.1. Opening of a letter of credit  
   - at 100% coverage 0.1% per quarter or any part thereof, min $ 50
   - on other conditions Negotiable
3.3.2.2.2. Change of the conditions of a documentary letter of credit $ 50
3.3.2.2.3. Inspection of documents /acceptance/payment (in case of execution of the letter of credit) 0.15%, min $ 50, max $ 2000
3.3.2.2.4. Commission for discrepancy in the documents presented $ 50
3.3.2.2.5. Cancellation of the letter of credit prior to expiry $ 50
3.3.2.2.6. Sending of a SWIFT (telex) message $ 5

Notes.
  1. At increase of the amount of the letter of credit the commission is charged from the amount of the increase.
  2. The mail costs, commissions and expenses of third party banks are charged additionally at their actual cost.
  3. The commission indicated in p. 3.3.2.1.3. is charged for a period from the confirmation date of the letter of credit till the date of expiry of the period for the submission of documents /date of last payment (in view of payment by instalments). At increase of the amount of the letter of credit the commission is charged from the amount of the increase.
  4. The commission indicated in p. 3.3.2.1.8. and p. 3.3.2.2.4. is always charged from the beneficiary having submitted the documents with discrepancies.
  5. In case of increase of the amount/prolongation of the letter of credit the commission indicated in p. 3.3.2.2.1. is charged for a period from the opening date till the date of expiry of the period for the submission of documents /date of last payment (in view of payment by instalments) taking into account the sum of the increase and prolongation of the letter of credit. At prolongation of the letter of credit within a quarter for which the commission was already withheld no additional fee in accordance with p. 3.3.2.2.1. shall be charged.
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