Documentary Settlements and Guarantees

1. DOCUMENTARY COLLECTION

1.1. Export collection:

 

1.1.1. Collection of documents

0.15 % (min. EUR 40.00 max EUR 250.00)

1.1.2. Amendment of collection instructions

EUR 20.00 

1.1.3. Notice or preparation of information upon the customer’s request / SWIFT system

EUR 30.00

1.1.4. Sending of documents

According to service fees applied for sending of  clients' correspondence

1.2. Import collection:

 

1.2.1. Advice of receipt of collection

EUR 30.00

1.2.2. Advice of receipt of an amendment of collection instructions

EUR 20.00

1.2.3. Settlement of documents

0.15 % (min. EUR 40.00 max EUR 250.00)

1.2.4. Custody of documents (in case of non-payment or non-acceptance within 15 days from sending advice of receipt of collection to the client)

EUR 30.00  (per month or its part)

1.2.5. Custody of documents (in case of non-payment or non-acceptance within 15 days from payment date)

EUR 30.00 (per month or its part)

1.2.6. Custody of the accepted bills of exchange until payment date

EUR 30.00

1.2.7. Notice or preparation of information upon the customer’s request / SWIFT system

EUR 30.00

1.2.8. Return of unpaid documents (paid by a collection applicant) or transfer without a settlement

0.15 % (min. EUR 40.00 max EUR 250.00)

1.2.9. Protest

EUR 70.00 and fees of notary public

1.2.10. Release of goods (for the account of principal)

EUR 30.00 

1.2.11. Sending of documents

According to service fees applied for sending of clients' correspondence

2. DOCUMENTARY LETTERS OF CREDIT

2.1. Export letters of credit:

2.1.1. Advice of Letter of Credit

EUR 40.00

2.1.2. Advice of amendment to Letter of Credit

EUR 30.00

2.1.3. Confirmation of Letter of Credit

subject to an agreement (min. EUR 100.00)

2.1.4. Verification / acceptance of documents (per set)

0.2 % (min. EUR 100.00)

2.1.5. Taking up of documents (Letter of Credit available with Šiaulių bankas AB)

EUR 30.00

2.1.6. Advice of assignment of proceeds under Letter of Credit

EUR 45.00

2.1.7. Transfer of Letter of Credit

0.2 % (min. EUR 100.00)

2.1.8. Supervision of the deferred payment

EUR 30.00

2.1.9. Remittance of funds to another beneficiary

EUR 30.00

2.1.10. Discounting of documents under Letter of Credit

EUR 45.00 and interest subject to agreement

2.1.11. Verification of documents in advance (per set)

EUR 45.00

2.1.12. Notice or preparation of information upon the customer’s request / SWIFT system

EUR 30.00

2.1.13. Sending of documents

According to service fees applied for sending of  clients' correspondence

2.1.14. Advice of  Letter of Credit to other banks' clients 

EUR 100.00

2.1.15. Advice of amendment to Letter of Credit to other banks' clients

EUR 100.00

2.2. IMPORT LETTERS OF CREDIT

 

2.2.1. Issue of a Letter of Credit1

EUR 100.00

2.2.2. Amendment to Letter of Credit / Documentary Credit Issuance Agreement Amendment

EUR 30.00

2.2.3. Verification of documents (per each set of documents)

0.2 % (min. EUR 100.00)

2.2.4. Cancellation or non-utilization of Letter of Credit

EUR  30.00

2.2.5. Notice or preparation of information upon the customer’s request / SWIFT system

EUR 30.00

2.2.6. Discrepancy fee (for the account of beneficiary)

EUR  100.00

2.2.7. Supervision of the deferred payment

EUR 30.00

2.2.8. Sending of documents

According to service fees applied for sending of clients' correspondence

3. BANK GUARANTEES

3.1. Guarantee issuance2:

 

3.1.1. if the guarantee period does not exceed 1 year

0.5 % (min. EUR 90.00) 

3.1.2. if the guarantee period is longer than 1 year

0.5 % of annual interest (min. EUR 90.00) 

3.1.3. urgent provision of guarantee / amendment to guarantee conditions3

Commission fee for issue of the guarantee and EUR 100.00

3.2. Issue of a guarantee (non-standard text of the guarantee)

Commission fee for issue of the guarantee and EUR 50.00

3.3. Preparation and / or arrangement of the draft guarantee4

EUR 50.00

3.4. Guarantee amendment

EUR 30.00

3.5. Guarantee amendment (extension of validity, increase of amount)5

3.5.1. if the guarantee period does not exceed 1 year

0.5 % (min. EUR 30.00)

3.5.2. if the guarantee period is longer than 1 year

0.5 % of annual interest (min. EUR 30.00)

3.6. Handling of demand for payment under guarantee

0.1 % (min. EUR 150.00)

3.7. Advice of guarantee or its amendment

EUR 30.00

3.8. Remittance of demand for payment under guarantee

EUR 55.00

3.9. Cancellation of Guarantee issuance application

EUR 30.00

3.10. Confirmation of authenticity of guarantee or its amendment

EUR 30.00

3.11. Notice or preparation of information upon the customer’s request / SWIFT system

EUR 30.00

3.12. Sending of documents

According to service fees applied for sending of clients' correspondence

3.13. Notification of the received guarantee or change of its terms to other PSP customers EUR 100.00

1 If a letter of credit issued without depositing the Customer's funds, a commitment  fee is charged additionally Interest shall not be paid for the funds deposited for the issue of the letter of credit.

2 If a guarantee is issued without depositing the Customer's funds, a commitment  fee is charged additionally Interest shall not be paid for the funds deposited for the issue of the guarantee.

3 Urgent guarantee provided / urgent guarantee amendment is made no later than the next business day after the submission of a correctly completed and duly signed application; all the conditions of the guarantee agreement must be fulfilled at the time of application.

4 If the guarantee is granted this commission fee shall not apply.

5 In case of extension of the guarantee, when the new guarantee period does not exceed 1 year from the date of granting the guarantee, a fee of 30 EUR is applied.