7.2.2 Commission and Charges for the Amendment
While amending the details of an Islamic LC, you can specify the commissions and charges that you want to levy for processing the amendment. These are effective from the date of amendment. It will not affect the booking commission in any way.
Amendment commission is computed based on the Claim Expiry Date for bank guarantee and advice of guarantee.
Refer to the chapter Commission calculation for details on how commission is calculated, for an amendment.
Parent topic: Procedure to Amend an Islamic LC