Types of Letter of Credits
CONTENTS OF LETTER OF CREDIT 1. 2. 3. 4. 5. 6. Name and Complete address of opening bank, with other contacts etc. Test Code. Number of Letter of Credit. Date of issue of Letter of Credit. Sequence of Total (Number of L/Cs being transmitted) Form of documentary credit. Revocable or Irrevocable. 7. Applicable rules. Latest UCP 8. Date and place of expiry. 9. Applicant’s Name and Complete address. 10.Beneficiary’s Name and Complete Address. 11.Currency Code and amount. EUR 50000 12.Bill of Exchange. Sight or Usance. 13.Drawee of Bill of Exchange. Habib Bank Ltd. 14.Partial Shipment. Allowed/Not Allowed. 15.Transshipment. Allowed/Not Allowed 16.Port of loading/ dispatch. London 17.Port of destination. Karachi. 18.Latest Date of Shipment. Not after that date. 19.Complete Description of Goods. 20.Documents Required. a) Signed Commercial Invoice in Octuplicate, not exceeding the amount of credit made out in the name of opener and certifying merchandise of German origin. b) Insurance Covered by opener, all shipment under this credit must be advised by you immediately after shipment direct to M/s Adamjee Insurance Company, 49-Hadi Road, Lahore, Pakistan and applicant, referring to their Cover Note # ADM/HBL/GM/2523/07 giving full detail of shipment. A copy of this advice must accompany with full set of documents. c) Full set of Clean Shipped on Board Bill of Lading, drawn or endorsed in the favour of Habib Bank Ltd, Showing Freight Pre-Paid. d) Weight and packing list required in duplicate. e) Certificate of origin in duplicate, certifying goods to be of German Origin.
Additional Conditions. 1. Shipping documents must evidence shipment according to the terms of L/C 2. Stale, Claused, Blank Back Bill of Lading not acceptable. Bill of Lading prior to the date of this L/C not accepted. Shipment/Transshipment on Israeli Flag, Vessel not allowed. 3. Goods are imported under L/C Number GM/0299/1355/07 H.S. Code Number 0801.1990 which should appear on Bill of Lading,
Additional Conditions. 1. Shipping documents must evidence shipment according to the terms of L/C 2. Stale, Claused, Blank Back Bill of Lading not acceptable. Bill of Lading prior to the date of this L/C not accepted. Shipment/Transshipment on Israeli Flag, Vessel not allowed. 3. Goods are imported under L/C Number GM/0299/1355/07 H.S. Code Number 0801.1990 which should appear on Bill of Lading,