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 Straight L/C
THE BANK OF XXXX, LTD.
IRREVOCABLE CREDIT NO. |
...................................................................
ADVISED BY AIRMAIL THROUGH |
Gentlemen :
We hereby authorize you to value on
for account of
up to on aggregate amount of
available by your drafts at sight for invoice cost accompanied by
Signed Commercial invoice in indicating Import License No.
Marine insurance policy or certificate, endorsed in blank, for 110% of the invoice cost including: The Institute Cargo Clauses ( ), the Institute War Clauses and the Institute Strikes Riots and Civil Commotions Clauses.
Full set of clean on board ocean bills of lading made out to order and blank endorsed, and marked "Freight Prepaid" and "Notify
evidencing shipment of
Partial shipments are Transshipment is
Bills of lading must be dated not later than
Drafts must be presented to the drawee bank not later than
All drafts must be marked "Drawn under The Bank of xxxxx, Ltd., Office Irrevocable Credit No. dated ."
This credit must be presented, together with the draft and all relative documents, to the drawee bank and the amount of any draft drawn under this credit must be endorsed by the drawee bank on the reverse hereof.
We hereby agree with you that all drafts drawn under and in compliance with the terms of this credit will be duly honored on due presentation and on delivery of documents as specified to the drawee bank.
THIS CREDIT IS SUBJECT TO UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS ( 1993 REVISION). INTERNATIONAL CHAMBER OF COMMERCE PUBLICATION NO. 500.
Yours very truly,
THE BANK OF XXXXX, LTD |
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