| Irrevocable Documentary Credit |
Credit Number |
of Issuing Bank
M1301510NS11122 |
of Advising Bank
102 |
| Advising Bank |
Applicant |
Seattle-First National Bank
xxxxx, xxxxxx, xxxxxx |
Daejoon Moolsan Co.,Ltd.
C.P.O. Box 6156 xxxxx, xxxxx |
| Beneficiary |
Amount |
xxxxx International
576 Industry Drive, xxxx Wa, 98188
xxxxx |
U.S, Dollars One Million Only
(U $ 1,000,000) |
| Expiry |
Date September 20.19xx
in the counters of the Advising Bank |
Dear sir(s)
We hereby issue in your favour this documentary credit, which is available by acceptance of your draft at 90 davs after sight drawn on the advising bank accompanied by the following documents marked "X"
(X) Full set of clean on board ocean bills of lading issued to the order of xxxx Institute Bank marked "Freight Collect" and "Notify Accountee."
(X) Signed commercial invoice in quintliplicate.
(X) Packing list in duplicate.
O Other documents required:
Covering 1,000 Cases of Cashmere Wool Yarn, xxxx. Origin @$ 1,000 F.O.B. xxxxx xxxx
Each draft accompanying documents must state: "drawn under credit No. M1801510NS11122 of xxxxx Exchange Bank and No. 102 of the advising bank"
|
| Documents must be presented within 10 days after the date of issuance of bills of lading or other transport documents. |
Despatch/Shipment from xxxx
to xxxx Latest: September 10,19xx |
Partial Shipments
allowed |
Transhipments
allowed |
| Special Conditions : You may negotiate the drafts on a sight basis. |
We hereby engage that drafts drawn in conformity with the terms of this credit will be duly accepted on presentation and duly honoured at maturity.
Yours faithfully,
xxxx Exchange bank
Authorized Signature |
|
Advising Bank's Notification
Place, Date, Name and Signature of
the Advising Bank |
|
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