SEQUENCE OF TATAL *27:1/1
FORM OF DOC.CREDIT *40 A:IRREVOCABLE
DOC. CREDIT NUMBER *20 : XXXXXX
DATE OF ISSUE 31C:XXXXXX
EXPIRY 31D:XXXXXX
APPLICANT 50:XXXXXXX
BENEFICIARY 59:XXXXXXX
AMOUNT 32B:CURRENCY USD AMOUNT XXXX
POS./NEG.TOL.(%) 39A:10/10
AVAILABLE WITH/BY 41D:ANY PRIME BANK IN CHINA BY NEGOTIATION
DRAFTS AT ... 42C: SIGHT
DRAWEE 42D:OUSELVES
PARTIAL SHIPMENTS 43P:ERMITTED
TRANSSHIPMENT 43T:NOT PERMITTED
LOADING IN CHARGE 44A:ANY CHINA PORT
FOR TRANSPORT TO 44B:NHAVA SHEVA INDIA
LATEST DATE OF SHIP 44C:XXXXX
DECRIPT. OF GOODS 45A:XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
DOCUMENTS REQUIRED 46A:
DRAFTS ARE TO BE ACCOMPANIED BY THE FOLLOWING DOCUMENTS IN ENGLISH , IN DUPLICATE, UNLESS OTHERWISE SPE CIF IED:
1.presentation of sight draft should bear the clause drawn under bank of baroda , station road,adress XXXXX CREDIT NO. XXXXXX
2.signed commercial invoices,in seven , quoting import not included in the negative list of export-import policy(2002-2007) and specifications of goods are as per proforma invoice no.XXXdated XXX of COMPANY NAME AND ADDRESS.
3.certificate of China origin issued by a chamber of commerce.
4.full set , signed clean on board ocean bills of lading made out to order and blank endorsed markedfreight prepaid and calused notify bank name and also applicant name indicationg letter of credit number and date and evidencingcurrent shipment of merchandise state above.
5.marine insurance policy covering inter-alia transit (wearhouse to wearhouse)clause pertaining to current shipment/dispatch covered by transport documents called for herein onto order and blank endorsed for 10 percent over invoice value covering institute cargo clause "a" institute war clause(cargo) and institute strike clause(cargo) with claims payable in ,address,India.
6.class certificate certifying that shipment by sea worth vessels which are not more than 25 years old classed 100 A1 by LLOYDS or equivalent classification society and approved by general insurance corporation of India.
7.test certificat/inspeciton certificate date not later than B/L date and issued by as per invoice.
8.packing list with details as per invoice.
ADDITIONAL COND. 47A:
1.all bank charges outside India are for beneficiary’s account.
2.the gross CIF value of the goods before deduction of agents commission if any, must not excessds the credit amount.
3.third party bills of lading are not acceptable.
4.any documents called for herein produced by reprographic process/computerised system are acceptable provided such original documents are manually signed.
5.transport documents bearing reference by stamp of otherwise to costs additional to the freight charges are not acceptable.
6.seller will provide certificate: micron 32and above.
7.L/C to allowe tollernce +/- 10percentage over weight and value.
8.L/C to allow negotiation through any prime bank in China
9.shipment sample to be sent within seven days after date of shipment
