Exports

Discounting of bill under letters of credit issued by various banks of good market standing as per Banker’s Almanac – for customers.
Purchase of bills for those customers where Limits are sanctioned.
Sending bills on collection basis for customers to various banks.

Types of Facilities for Exports

Negotiation of Bills under L/C
UCO Bank is active in negotiation/discounting of sight / usance international export bills under L/Cs opened by foreign banks as well as branches of Indian banks abroad. UCO offers the most competitive rates. These transactions are undertaken by our branches within the Bank/Country Exposure ceilings prescribed by UCO.
Export Bill Rediscounting:
UCO provides financing of export by way of discounting of export bills, as a post shipment finance to the exporters at competitive international rate of interest. This facility is available in four currencies i.e. US$, Pound Sterling, Euro and JPY.Exporters can avail this facility from UCO to cover the bills drawn under L/C as well as other export bills.
Bank Guarantees:
UCO, on behalf of exporter constituents, issues guarantees in favour of beneficiaries abroad. The guarantees may be Performance and Financial. For Indian exporters, guarantees are issued in compliance to RBI guidelines.

SCHEDULE OF CHARGES FOR EXPORT DEPARTMENT W.E.F. 01 May 2021

CHARGES at the time of Lodgement/ Purchase / Negotiation	For PURCHASE/ NEGOTIATION of Bills (UNDER LC as well as NOT UNDER LC)		For Bills Sent on COLLECTION
	USD	HKD	Same for USD / HKD
COMMISSION	0.25% ON 1ST USD 50,000 0.125% ON BALANCE Min - 100 USD Max - 2500 USD	0.25% ON 1ST HKD 400,000 0.125% ON BALANCE	0.125% ON WHOLE AMOUNT Min - 100 USD Max - 2500 USD
CHECKING FEE	USD 50	HKD 400	NA
POSTAGE / Courier Charges(varies depending upon the weight of the documents and also destination)	AS APPLICABLE	AS APPLICABLE	AS APPLICABLE
SWIFT (In case swift is required to be sent for Bills under LC to report discrepancy or for acceptance/ due date confirmation)	Min USD 50 for each swift msg fixed	Min HKD 400 for each swift msg
CHARGES at the time of Realisation of Export Bills : COMMISSION IN LIEU OF EXCHANGE	0.125% flat in case the proceeds are credited to USD Call A/c of the party concerned. This is not charged in case the proceeds are converted to HKD and credited to the HKD Current A/c of the party.	This is not charged in case of HKD bills as proceeds are received in HKD.	a. No charged for HKD Bills. B. In case of non HKD Bill, 0.125% flat in case the proceeds are credited to USD Call A/c of the party concerned. This is not charged in case the proceeds are converted to HKD and credited to the HKD Current A/c of the party.
Advising of Inward DC: Comm. Charged in USD 100 or HKD 800 depending upon the currency of the DC.