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COMMERCIAL
INVOICE: IN ORIGINAL AND
COPIES DULY SIGNED BY BENEFICIARY
STATING THE FULL NAME AND ADDRESS OF THE MANUFACTURER /
PRODUCER CERTIFYING THE ORIGIN OF
GOODS AND CONTENTS TO BE TRUE AND CORRECT. ORIGINAL OF
WHCH MUST BE LEGALISED BY U.A.E.
EMBASSY / CONSULATE IN THE COUNTRY OF BENEFICIARY.
FULL
SET OF “ON BOARD” MARINE BILL OF LADING ISSUED TO THE ORDER OF
EMIRATES BANK INTERNATIONAL PJSC MARKED FREIGHT
AND NOTIFY “APPLICANTS’. THE BILL OF
LADING MUST CONTAIN NAME,
ADDRESS AND TELEPHONE NUMBER OF CARRYING VESSEL’S AGENT AT PORT OF
DESTINATION.
TRUCK
WAYBILL EVIDENCING GOODS CONSIGNED TO EMIRATES BANK INTERNATIONAL
PJSC/ MARKED FREIGHT
NOTIFY APPLICANT
AIRWAY
BILL EVIDENCING GOODS CONSIGNED TO EMIRATES BANK INTERNATIONAL PJSC
MARKED FREIGHT
NOTIFY APPLICANT. A COPY OF INVOICE, PACKING LIST AND CERTIFICATE OF
ORIGIN
MUST ACCOMPANY THE CONSIGNMENT.
FORWARDER’S CERTIFICATE OF RECEIPT (FCR): ISSUED BY THE SHIPPING AGENTS M/S
CONFIRMING RECEIPT OF GOODS
DESCRIBED IN THIS LETTER OF CREDIT FOR ONWARD
DELIVERY TO
(MARINE/AIR/LAND) INSURANCE POLICY OR CERTIFICATE, ISSUED TO THE ORDER OF EMIRATES BANK INTERNATIONAL PJSC / IN THE CURRENCY OF THIS CREDIT FOR AT LEAST 110% OF CIF INVOICE VALUE
COVERING RISKS AS PER INSTITUTE OF LONDON CARGO CLAUSE(A), WAR, STRIKE, RIOTS AND CIVIL
COMMOTION FROM WAREHOUSE TO WAREHOUSE AND EXPRESSLY STATING THAT CLAIMS IF ANY ARE PAYABLE
IN
(SPECIFY OTHER REQUIREMENTS)
CERTIFICATE OF ORIGIN IN DUPLICATE ISSUED/CERTIFIED BY JOINT ARAB CHAMBER OF COMMERCE OR IN ITS
ABSENCE BY ANY CHAMBER OF COMMERCE / CHINA COUNCIL FOR THE PROMOTION OF INTERNATIONAL TRADE
/ MINISTRY OF INDUSTRY AND TRADE OR ITS AFFILIATE IN INDONESIA. ORIGINAL OF WHICH MUST BE
LEGALISED BY UAE EMBASSY / CONSULATE IN THE COUNTRY OF BENEFICIARY CERTIFYING THAT THE GOODS
ARE OF
ORIGIN STATING FULL NAME AND ADDRESS OF THE MANUFACTURER /PRODUCER
OF THE GOODS AND ALSO NAME OF THE EXPORTER AND NAME OF THE EXPORTING COUNTRY.
INSURANCE COVERED LOCALLY BY APPLICANT UNDER COVER NOTE
/POLICY NO
WITH
TLX NO.
FAX NO
TEL.NO
SHIPMENT ADVICE QUOTING THE NAME OF THE CARRYING
VESSEL/AIRCRAFT/TRUCK NUMBER, DATE OF SHIPMENT/ DESPATCH, NUMBER OF PACKAGES, MARKS,AMOUNT,LC
NUMBER, COVER NOTE POLICY NUMBER MUST BE SENT TO ABOVE INSURANCE COMPANY AND APPLICANT
EITHER BY FAX/TELEX/REGISTERED AIRMAIL/COURIER SERVICE. COPY(S) OF TRANSMITTED SHIPMENT ADVICE
(S)ACCOMPANIED BY FAX ACTIVITY REPORT (S) / REGISTERED AIRMAIL RECEIPT(S) COURIER RECEIPT(S) MUST
ACCOMPANY THE DOCUMENTS.
PACKING LIST
COPIES
WEIGHT LIST
OTHER DOCUMENTS/CERTIFICATES
OTHER TERMS/CONDITIONS ARE AS PER THE LAWS AND REGULATIONS OF THE COUNTRY GOVERNING IMPORT OF GOODS WHERE GOODS ARE LANDED.
DOCUMENTS TO COVER SHIPMENT/DELIVERY OF :
SHIPPING MARKS: (MUST BE INDICATED ON AWB/BL/TRUCK WAY BILL AND PACKING LIST)
SPECIAL INSTRUCTIONS (IF ANY)
ALL BANK CHARGES
AND COMMISSIONS ( POSTAGE, COURIER, TELEX INCLUDED) PAYABLE OUTSIDE
ISSUING BANK ARE TO THE ACCOUNT OF
DOCUMENTS TO BE
PRESENTED WITHIN
DAYS AFTER THE DATE OF
ISSUANCE OF THE TRANSPORT DOCUMENT(S) AND WITHIN THE VALIDITY OF
THIS CREDIT.
I/WE AGREE THAT EXCEPT SO FAR AS OTHERWISE EXPRESSLY STATED, THIS
CREDIT WILL BE SUBJECT TO THE UNIFORM CUSTOMS AND PRACTICE FOR
DOCUMENTARY CREDIT (2007 REVISION), INTERNATIONAL CHAMBER OF
COMMERCE PUBLICATION NO.600 IN CONSIDERATION TO YOUR ISSUING THE
ABOVE MENTIONED CREDIT. I/WE HEREBY BIND MYSELF / OURSELVES IN
RESPECT OF CONDITIONS AS DETAILED OVERLEAF. I/WE AUTHORISE,
YOU TO DEBIT MY / OUR CURRENT A/C WITH YOU FOR YOUR COMMISSION,
CHARGES AND MARGINS, IF ANY.
ACCOUNT NO.
SIGNATURE
VERIFIED SIGNATURES
APPLICANT TO ALSO SIGN ALL ANNEXURES TO THE APPLICATION IN FULL.
1. 1.The
communication advising this credit shall be despatched at my/our
risk and cost and you are not to be held
liable for any delay,
agents or correspondents errors or omissions that may arise in its
transmission or delivery or
by reason of your acting upon such
defective cable nor shall you be under any responsibility for the
validity of
the documents taken in connection with this credit nor
for any error or defect of quantity, quality, value, weight,
packing or description of any goods and it is further agreed that
your right to reimbursement from me/us for bills
negotiated under
this authority shall not be prejudiced or affected by any
invalidity, insufficiency, irregularity, or
mis-description
arising in any of the documents, for delay in shipment,
transhipment, or arrival of the goods.
2. 2.At any time either on or after
opening the credit, whenever and as many times as you may deem
it necessary.
I/we undertake to pay to your office on demand such
sum as margin as you may in your absolute discretion
consider
necessary as further security for the fulfilment of my/our
obligations. You may also debit my account
with you with such a
sum if and when you deem it necessary before or after giving me
notice to that effect.
3. 3.If in consequence of any
interruption of communications with the country where the credit
is available, or due to
any other cause it cannot be ascertained
for the time being to what extent the beneficiary has availed
himself of
the credit or if any other obstruction arises. I/we
shall not be entitled to demand release of any security. I/we
may
have given, or be discharged from any of my/our obligations
herein until all difficulties have been removed
and the final
settlement of all accounts in connection with the issuance of
this credit has taken place.
4. 4.Insurance:
I/we undertake that the goods shall be fully
insured as indicated in the credit for not less than the
full
C.I.F. value thereof plus(10%) ten percent and in the currency of
the credit and insurance policy in respect
thereof shall be
assigned to you, and that, until payment by me/us of all amounts
due to you in respect of the
credit and of all my /our other
indebtedness or liabilities to you on any account, the insurance
moneys payable
are to be held as available to you and if received
by me/us, shall be paid to you forthwith and until so paid shall
be held by me / us on your behalf.
5. 5.I/we agree that in the event of any
extension of the maturity or time for presentation of drafts,
acceptances or
documents or any other modification of the terms of
the credit, at my /our request, or in the event of any
increase in
the amount of the credit at my/our request, all the provisions of
this agreement shall apply to the
credit so increased or modified and to
the drafts, documents and goods covered thereby, and to any action
taken by you, your agents or correspondents in accordance with
such extension, increase or modification.
6. 6.I/we
hereby agree duly to pay the drafts drawn under this credit on
first presentation at the option of the bank
either in Dirhams
or in the currency in which the drafts are drawn and to pay all
telegram, telephone and all other
charges and expenses of what
nature or kind whatsoever incurred by you, your agents or
correspondents,
including their and your commission , taking into
consideration however the rules laid down by the United Arab
Emirates Central Bank.
7. 7.If
default be made in due payment of the principal, commission and
charges as aforesaid you shall be entitled
without any further
consent on my /our part and without any notice to me/us to sell
the goods or the
documents of title thereto either by public or
private treaty and to act in all respects as if you had been the
direct consignees of the goods, charging such commission and being
so accountable as is usual between a
merchant and his
correspondents in ordinary cases, the proceeds to be applied in
payment of all sums disbursed
by you for freight, insurance or
other charges and of all expenses attending the sale and of the
principal sum and
commission thereon and upon any payment made
under the powers and authorities herein contained, Should
there be
any deficiency I/we will remain responsible for same until full
settlement has been obtained by you of
the amount due to you
inclusive commission, charges and expenses as mentioned above.
8. 8.We
further report that we are aware of the regulations governing the
boycott and non-dealing with enemy and
declare that the company
with whom this letter of credit is opened, is not on the
blacklist. We declare our full
responsibility of any deviation
from this.
9. 9.In
case of dispute regarding the interpretation of the terms of this
letter of credit it is understood that the
regulations laid down
in the Uniform Customs and Practice for Commercial Documentary
Credit (2007 Revision) of
the International Chamber of Commerce,
Publication No.600 will rule unless such regulations are against
the laws
of this country.
1010.If this Letter of Credit expires or
is unutilized we agree to pay the charges incurred outside
United Arab
Emirates if payment of the same is
refused by beneficiaries.
1111.I/we
are bound by the terms of the Facilities Agreement Form signed by
me/us and conditions for opening
documentary letters of credit as
detailed herein.
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Present Liability |
Authorised Limit |
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Overdraft |
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LC Sight |
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BLC |
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Doc.Awaited |
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SPL.LC SIGHT/Usance |
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LC USANCE |
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Acceptance |
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LTR/LAM |
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LBD |
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Sub Total |
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Add this LC |
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Total |
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Excess by
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