Bunna Bank

IBD Terms and Tariffs  

SNDescriptionTariff
1Commission and Charges: Export Service
1.1All service charges and commissionsFree
1.2Swift chargesAs per carrier cost /per bill/claim
1.3Delivery of Documents / postage carrier
2Incoming Transfer /Bank to Bank transfer
2.1Exchange commission payable to NBEFree
2.2Service ChargeFree
2.3Repatriation /Re-transfer of Foreign Transfer of Funds deposited to customer account and / or keep under payable account1% or a minimum of USD 40 whichever is higher
3Commission and Charge Against Local Account or Cash
3.1Outgoing Transfer – EFT /and Bank Draft8% or a minimum of USD 250 whichever is higher per period (i.e. 90 days or part thereof)
3.2Import letter of Credit (L/C)
3.3Purchase order issuance and / or outstanding purchase
3.4Extension commission if additional period is involved for LCs, PO and EFT/TT
3.5Excess Drawings (increase of amount of FOB Value or Freight)
3.6Settlement of Expired L/Cs and IBCs shipped after its validity date
3.7Exchange commission against local account or Cash2.50%
3.8Confirmation commission for LCs5.5% and Min. USD 250
3.9Service charge for LCs opened at margin against local account5.5 %
4Commission and Service Charge on: NR-FCY and Retention
4.1Outgoing Transfer5.9% or a minimum of USD 250 whichever is higher per period (i.e. 90 days or part thereof)
4.2Import letter of Credit (L/C)
4.3Purchase order issuance and / or outstanding purchase
4.4Extension commission if additional period involved for LCs POs
4.5Excess Drawings (increase of amount of FOB value or Freight)
4.6Settlement of expired L/Cs and IBCs shipped after its validity date
4.7Confirmation Commission for LCs4% and Min USD 250
4.8Exchange Commission against NR and Retention AccountFree
SNDescriptionTariff
5Commission and Charges on: Freight Charge collection to Ethiopian Shipping and Logistics Enterprises
5.1Freight payment made in foreign currency or invoices presented in foreign currency8% or a min of USD 250 whichever is higher or part thereof
5.2Exchange commission payable to NBE2.50%
6Other Charges/Fees
6.1Amendment charge on LCs/POs for charge of quantity/Price/ supplier, any other amendment as the case may beUSD 250 per request
6.2SWIFT chargesUSD 80 per page
6.3Delivery of Documents / postage carrierAs per carrier cost/per bill
6.4Cancellation of LCs and POsUSD 250
6.7LCs received via SWIFT and authenticated by Bunna Bank for other Banks and / or authenticated SWIFT message received from other BanksAs per respective Bank’s rate/charge
6.8Guarantee issued for missing bill of lading or airway bill under sight LC-handling charges against customer deposit of the invoice value of good plus 10% 1% of document value or minimum of USD 250 whichever is higher
6.9Partial shipment 1st and 2nd free, however 3rd and above partial shipment 3% of document value or minimum of USD 250 whichever is higher
6.10Issuance of Delivery order against customer deposit of the invoice value of goods plus 10%2.5% of document value or minimum of USD 250 whichever is higher
6.11Service charge on sale of foreign currency cash notes8%
6.13Document presentation after 30 days for settlement of expired LCs and IBSs (i.e., For expired POs) but shipped within its validity date8% a minimum of USD 250 whichever is higher
7Service charge on: Foreign Letter of guarantee
7.1Incoming foreign bank guarantee issued at the request of correspondent bank abroad with their counter guarantee0.75% or minimum of USD 200 for 90 Days or part thereof whichever is higher
7.2Extension of guarantee if additional period is involved
7.3Outgoing foreign bank guarantee at the request of local customer and NBE approval
7.4Incoming foreign bank guarantee issued by correspondent banks passed by us with our authentication onlyUSD 100 Per case
8Other
8.1Confirmation letter to various government and other organizationsBirr 500
8.2Import permit renewal for the first timeUSD 195
8.3Import permit renewal for more than one timeUSD 250
SNDescriptionTariff
8.4Permit split more than two times for advance payment3% or a minimum of USD 250 whichever is higher
8.5Import LC and CAD document examination feeUSD 250
8.6Suppliers’ Credit Handling Fee1% of the invoice value Min USD 200 (for all customers) it is collected upon issuance of LC & approval of PO
8.7Custody Charges of all DocumentsUSD 250 flat per month for documents held the bank’s custody beyond 30 days
8.8Document present direct by supplier2.50% document value USD Min 250
8.9Photocopy ChargeBirr 500

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