Terms and Conditions

  • The transactions not mentioned in this 'Terms & Conditions List' are subject to special arrangement.
  • We reserve the right to charge extra commissions for the operations requiring special handling.
  • The commissions in this list may be reduced under certain circumstances which is subject to negotiation.
  • Documentary Credits are subject to the "Uniform Customs and Practice for Documentary Credits" published by International Chamber of Commerce, Paris, in its prevailing issue.
  • Documentary Collections are subject to the "Uniform Rules for Collections" published by International Chamber of Commerce, Paris, in its prevailing issue.
  • The charges and commissions earned will not be returned in case a documentary credit cancelled or partially or totally non-utilized and if a transaction is not realized or executed.
  • All other expenses such as swift, telex, cable, postage, courier fee etc. as well as taxes and stamp duties (if any) will be charged additionally.