| Letter of credit is an official letter from a bank allowing a person to take money from another bank.
|
1. Who is the buyer? 2. Who is the seller? 3. Which is the opening bank? 4. Which is the advising bank? 5. What kind of letter of credit is it? 6. What kind of draft will be attached to the transport documents?
| ROYAL BANK
London, England
| Letter of Credit
|
| Applicant
Shah Import Co.
176 Stepney Road
London SE23 7HL U.K.
| Beneficiary
Rajah Tea Company
65 Gandhi Road
Bombay 297645, India
| Advising bank
Anglo-Indian Bank
Governor’s Bldgs.
Bombay 273645, India
|
| Reference no.
HFDS9876
| Date and place of issue
20 June 1999, London
| Date and place of expiry
27 July 1999, Bombay
|
| Transhipment
[ ] Allowed
[x] Not allowed
Partial shipment
[ ] Allowed
[x] Not allowed
| Amount
Rs. 75,000 (seventy-five thousand rupees)
|
| Credit available with
Anglo-Indian Bank, Bombay by negotiation against the documents named herein and beneficiary’s draft at 60 days sight drawn on Royal Bank, London, UK
|
| Shipment/dispatch
from Bombay
| For transportation to
London
| Not later than
6 July 1999
|
| Documents to be presented
Commercial invoice in 6 copies indicating L/C number
Full set of clean bills of lading made out to order of issuing bank of L/C marked prepaid and notifying applicant also indicating this L/C number
Certificate of origin
Packing list
These documents to be presented within … days of the issue of the transport documents but within the validity of the credit.
|
| Instructions for advising bank
Please advise beneficiaries of the opening of this credit, adding your confirmation.
Method of reimbursement
At maturity we will reimburse you according to your instructions
Documents should be forwarded to us by air mail.
James Anderson
for ROYAL BANK
|
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