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Common terms of LC

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Core Tip:1.B/l showing costs additional to freight charges not acceptable.

      1.B/l showing costs additional to freight charges not acceptable.


2.THIS CERTIFICATE IS NOT REQUIRED IF SHIPMENT IS EFFECTED THRU N.S.C.S.A/U.A.S.C.


3.Extra copy of invoice for issuing bank"s file is required.


4.A ConFIRMATION CERTIFICATE ISSUED BY THE APPLICANT’S REPRESENTATIVE, WHOSE NAME WILL BE INTRODUCED BY THE ISSUING BANK.


5.SHOULD THE APPLICANT WAIVE THE DISCREPANCY (IES)WE SHALL RELEASE documentS.


6.documentS TO BE AIR COURIERED IN ONE LOT TO NEDBANK LTD.


7.THIRD PARTY documentS ARE ACCEPTABLE.


8.SIGNED COMMERCIAL INVOICE IN TRIPLICATE.ORIGINAL LEGALIZED AND CERTIFIED BY C.C.P.I.T.


9.SIGNED COPY OF THE BENEFICIARY"S LETTER ADDRESSED TO US ACCOMPANIED WITH COPY OF D.H.L .RECEIPT.


10.B/l showing costs additional to freight charges not acceptable.


11.BENEFICIARY MUST COURIER ONE SET OF NON-NEGOTIABLE documentS TO THE APPLICANT.

      12.ONE ORIGINAL BILL OF LADING PLUS COPY OF SHIPPING documentS HAVE BEEN SENT TO US DIRECTLY BY D.H.L WITHIN 7 DAYS FROM BILL OF LADING DATE.


13.documentS PRODUCED BY REPROGRAPHIC SYSTEMS, AUTOMATED OR COMPUTERIZED SYSTEMS OR AS CARBON COPIES IF MARKED AS ORIGINAL ARE ACCEPTABLE.


14.A HANDING FEE OF USD80。00 TO BE DEDUCTED FOR ALL DISCREPANT.


15.please advise beneficiaries by telecommunication.


16.If documents presented under this credit are found to be discrepant,we shall give notice of refusal and shall hold document at your diposal.


17.PACKING LIST IN THREE COPIES MENTIonING THE GROSS AND NET WEIGHT OF EACH PACKAGE AND THE MARKS.


18.NOTWITHSTANDING THE PROVISONG OF UCP500, IF WE GIVE NOTICE OF REFUSAL OF documentS PRESENTED UNDER THIS CREDIT WE SHALL HOWEVER RETAIN THE RIGHT TO ACCEPT A WAIVER OF DISCREPANCIES FROM THE APPLICANT.


19.if dated and signed after this date by competentauthorities it must bears the mention issued retrospectively.


20.we hereby engage with drawers and/or bona fida holders that drafts drawn and negotiated in conformity with the terms of this credit.


21.Third party,Short From,and Chartered party B/L bill not acceptable.


22.except as far as otherwise expressly stated , this credit is subject to the uniform customs and practice for documentary credits, international chamber of commerce pubication no.500 currently in force.

 

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