Letters of credit - general conditions

Form of L/C: Irrevocable, and subject to the Uniform Customs and Practice for Documentary Credits (1993 revision), ICC Publication No 500

Bank: Credit must be advised (and confirmed) through
HSBC Bank PLC
Trade Services
Unit 2
Centre 27 Business Park
Bankwood Way
Birstall
WF17 9TB

Telex 888401
Swift MIDLGB22

Method: Teletransmission

Deferred Payment: No

Payment Terms: Sight of Documents

Currency: Pound Sterling

Shipment Terms: CIP (Carriage and Insurance paid to Place of Destination/airport)

Shipment: Not more than 28 days after Issue of L/C

Part Shipment: Allowed

Transhipment: Allowed

Presentation: Documents must be presented within 28 days after Issue of L/C

Description: Quantity & Description of Goods

Suggested Docs:
Signed Invoice plus 2 copies
Packing list plus 2 copies
Insurance Certificate Blank Endorsed for 110% of the Invoice value
Airwaybill plus 2 copies
Certificate of Origin plus 2 copies

Charges:
Bank charges outside of UK for the account of Applicant/Importer
Bank charges inside of UK for the account of Nte Ltd

For more information please do not hesitate to contact us

   
Updated 25/7/05
  © 2005 nte ltd all rights reserved