ACCOUNT PARTY/IMPORTER BENEFICIARY NAME AND BANK DETAILS TERMS: FOBCIFC&FOTHER TRANSFERABLE: YESNO PARTIAL SHIPMENT: ALLOWEDNOT ALLOWED TRANSHIPMENT: ALLOWEDNOT ALLOWED AGAINST PRESENTATION OF THE DOCUMENTS DETAILED HEREIN & MARKED ** ALL DOCUMENTS WILL BE MADE IN THE NAME OF ACCOUNT PARTY EXCEPT DRAFT AND/OR BILL OF LANDING/AWB. SELECT CONDITION REQUIRED SIGNED COMMERCIAL INVOICES IN 4 FOLD CERTIFYING THAT GOODS ARE OF INDIA ORIGIN SHOWING THE NAME AND ADDRESS OF THE MANUFACTURERS/PRODUCERS/ PROCESSORS AND STATING H.S.C. CODE N0 XXXXXXX YESNO PACKING UST IN TRIPLICATE TO BE ISSUED BY BENEFICIARY INDICATING DESCRIPTION, DETAILED SPECIFICATIONS, QUANTITY, GROSS WEIGHT, NETT WEIGHT, IS REQURIED TO BE SUBMITTED YESNO CERTIFICATE OF ORIGIN STATING THAT THESE GOODS ARE OF ORIGIN YESNO FULL SET CLEAN ON BOARD BILLS OF LANDING CONSIGNED TO ISSUER AND BLANK ENDORSED MARKED FREIGHT PREPAID/FREIGHT PAYABLE AT DESTINATION AND NOTIFY APPLICANT YESNO OCEAN/AIRWAY BILL CONSIGNED TO ISSUER MARKED FREIGHT PREPAID/FRIEGHT PAYABLE AT DESTINATION AND NOTIFY APPLICANT YESNO MARINE INSURANCE POLICY OR CERT IFICATE IN DUPLICATE IN NEGOTIABLE FOAM ENDORSED IN BLANK AT LEAST 110 PCT OF GROSS INVOICE VALUE IN THE CURRENCY OF THE CREDIT COVERING INSTITUTE CARGO CLAUSES (A), INSTITUTE CARGO CLAUSES (AIR), OVERLAND TRANSPORTATION ALL RISKS. INSTITUTE WAR CLAUSES CARGO (CARGO/AIR CARGO), AND INSTITUTE STR IKES CLAUSES (CARGO I AIR CARGO), CLAIMS PAYABLE AT DESTINATION IRRESPECTIVE OF PERCENTAGE. YESNO PRIOR TO NEGOTIATION, A PRE INSPECTION CERTIFICATE ISSUED AND SIGNED BY AN AUTHORISED REPRESENTATIVE OF THE LC APPLICANT WHOSE NAME AND PASSPORT DETAILS WILL BE ADVISED BY AUTHENTICATED SWIFT BY THE LC ISSUING BANK TO THE ADVISING BANK BY WAY OF AMENDMENT AND WHOSE SIGNATURE MUST BE IN CONFORMITY WITH THE LC ISSUING BANK PRIOR TO NEGOTIATION, CONFIRMING THAT THE GOODS SHIPPED HAVE BEEN INSPECTED AND FOUND TO BE IN GOOD ORDER YESNO A PRE SHIPMENT INSPECTION CERTIFICATE MUST BE ISSUED BY SGS OR ANY EQUIVALENT INDEPENDENT SURVEYORS PRIOR TO THE SHIPMENT, CERTIFYING THAT THE GOODS TO BE SHIPPED ARE FUND TO BE IN GOOD ORDER, CONDITION AND FULFILL THE INTERNATIONAL STANDARDS. THIS CERTIFICATE ALSO MUST BE ENDORSED BY THE AUTHORISED REPRENSENTATIVE OF THE LC OPENERS WHO ISSUES THE INSPECTION CERTIFICATE. YESNO "SPECIAL CONDITIONS CLAUSE" (PER TERMS & CONDITIONS INDICATED WITHIN INDEMNITY): THE BENEFICIARY MUST SUBMIT A COPY OF A TESTED TELEX OR SWIFT AMENDMENT TO THIS LETTER OF CREDIT ISSUED BY ISSUER AND DULY AUTHENTICATED BY THE ADVISING BANK, NOTIFYING THE BENEFICIARY OF THE ACCEPTANCE BY THE APPLICANT OF PRE-SHIPMENT INSPECTION OF THE SAMPLES CARRIED OUT BY APPLICANT. PLACE OF INSPECTION WILL BE ADVISED BY THE APPLICANT. OTHER TERMS AND CONDITIONS: • Complete description of the goods to be mentioned in all documents. • Beneficiary Certificate supported by relative courier receipt certifying that two sets of copy documents i.e. invoice, packing list, weight list photocopy of bill of lading and certificate of origin have been to applicant after shipment date. • Beneficiary to send on set of non-negotiable documents by prepaid DHL courier service to the credit opener within 15 days after shipment. The original courier receipt to accompany the documents for negotiation. • The number and date of this documentary credit and the name of LC issuing bank must be quoted in all documents. • Documents issued prior to the date of credit are not accepted. • Negotiation of documents with discrepancies or incomplete documents under reserve/guarantee is strictly prohibited. If beneficiary is unable to accept all the terms of this LC. They should communicate with applicant promptly through their bank. • All the documents must confirm to the terms and conditions of the LC on first presentation. • LC is transferable. • Shipment prior to LC date not acceptable. • Partial shipment allowed but maximum in 2 lots • Third party documents acceptable • The processing of documents which do not comply with the terms and conditions of this LC is subject to special handling fee discrepancy of USD 75.00 which will be deducted from the proceeds. WE AGREE TO AND ACCEPT ALL THE TERMS AND CONDITIONS STATED IN THIS APPLICATION INCLUDING THE "SPECIAL CONDITIONS CLAUSE" PER TERMS & CONDITIONS INDICATED WITHIN THE INDEMNITY ACCOMPANIED WITH THIS APPLICATION.
