Dear company office ,
offer :
Product | Contract Quantity | Available | Contract Price |
JP54 | |||
2 Million BBLs X 12 | 2 Contract | NWE Platts -20% | |
D2 | |||
500,000 MT x 12 | 3 Contract | NWE Platts -15% | |
100,000 MT x 12 | 5 Contract | NWE Platts -15% | |
M 100 | 500,000 MT x 12 | min 50.000 MT | CIF 380 USD |
Download 001 here
Download 002 here
1. Origin : RUSSIA
2. Terms : C&F ASWP / FOB RUSSIA
3. Delivery : Starts in 10 Banking days after Payment Instrument.
4. Payment : Irrevocable Conditional Transferable (One time to refinery) DLC (Or Non Transferable SBLC) 5. Inspection : SGS or equivalent OPTION 1 with trial shipment without POF and POP
6. PROCEDURES
1. Buyer sends an email stating agreement with the procedures and a profile of
his company. Upon receipt of email, seller’s details will be released.
2. Buyer Issues ICPO to Seller with banking info & with these terms and
procedures.
3. Seller issues Draft contract to Buyer and Buyer signs and send to Seller by
Email.Sellers countersigns and complete all the codes in contract and send to Buyer in PDF format by email and both lodge in respective banks.
4. Upon signature of contract buyer shall within 2 banking days and prior to the
10th of XXXXXX have buyer bank issue Operational Irrevocable Conditional
Transferable DLC one time to refinery as agreed in contract for the face value of
First / Trial quantity (5% One Month’s shipment quantity) as trial shipment in
favor of Seller bank.
5. Seller will confirm schedule of shipping date along with DIP test authorization
to Buyer to nominate their SGS agent to conduct test on quality & quantity at the
time scheduled loading date at loading port, in case of Buyer needs at his expenses
additional to SGS reports which are included in shipping documents.
6. Seller shall load First / Trial quantity (5% One Month’s shipment quantity) in
vessels / tankers as per agreed schedules and submit shipping documents (As
listed below) to Buyer bank for payment through Seller bank.
7. Seller shall also send copy of POP (As listed below) for full contract
quantity.
8. Buyer bank releases payments to Seller bank against receipt of all the above
shipping documents of Trial quantity (5% One Month’s shipment quantity) in 2
days from date of receipt by TT / wire transfer.
9. Upon receipt of first shipment Documents in their counters, Buyer bank will
issue Operational Irrevocable Conditional Transferable One time to Refinery RDLC
/or/ Non Transferable SBLC, ( Text Attached ) for the face value that covers
the monthly quantity of contract. (Seller will cooperate to the best of his ability to
support Buyer to organize this INSTRUMENT from their Exit Buyer.)
10. Upon receipt and verification of above and Seller bank shall also
Place/Assign Performance Bond (PB) at 2% to Buyer bank on receipt of above TRDLC / SBLC.
11. Seller continues loading vessels / tankers and keeps submitting shipping
documents for payment to Buyer bank through Seller bank against the issued
bank instrument listed above and Buyer bank keeps releasing payment against
submitted shipping documents in (2) banking day by TT/ wire transfer to Seller
Bank.
*
Note:
1. Trial quantity is 5% of contract quantity and not less than 10,000MT for D2 And
100,000 bbl for JP54.
2. Penalty Clause will be included in contract for 1% of instrument value for covering both side Risk. OPTION 2 with POF and POP (with or without Trail shipment of 5-10%)
7 PROCEDURES
1. Buyer sends an email stating agreement with the procedures and a profile of
his
company. Upon receipt of email, seller’s details will be released.
2. Buyer Issues ICPO to Seller with banking info & with these terms and
procedures.
3. Seller issues Draft contract to Buyer and Buyer signs and send to Seller by
Email. Sellers countersigns and complete all the codes in contract and send to Buyer PDF format by email and both lodge in respective banks.
4. Upon signature of contract within 2 banking days, Buyer bank shall issue POF
(As per TEXT attached) by swift MT799 to Seller bank by 10th of November 2010.
5. Seller initiate all formalities with Russian Ministry and Transneft for
transporting contract quantity of product from refinery to ports through their refinery and issues POP and other relative documents (As per list attached )at Russian refinery standards to the Buyer by mail and copy bank to bank, in 7 to 10 banking days.
6. Upon receipt and verification above POP, within 2 banking days buyer bank
shall issue Operational Irrevocable Conditional Transferable DLC one time to refinery as agreed in contract for the face value of First Month quantity shipment /or/
agreed Trail quantity shipment in favor of Seller bank.
7. Seller will confirm schedule of shipping date along with DIP test authorization
to Buyer to nominate their SGS agent to conduct test on quality & quantity at the
time scheduled loading date at loading port, in case of Buyer needs at his expenses
additional to SGS reports which are included in shipping documents.
8. Seller shall commence loading in vessels / tankers as per agreed schedules
and submit shipping documents (As listed below) to Buyer bank for payment through Seller bank.
9. Buyer bank releases payments to Seller bank against receipt of all the above
shipping documents in 2 days from date of receipt by TT / wire transfer.
10. Upon receipt of first shipment Documents in their counters, Buyer bank will
issue Operational Irrevocable Conditional Transferable One time to Refinery RDLC
/or/ Non Transferable SBLC, ( Text Attached ) for the face value that covers
the monthly quantity of contract. (Seller will cooperate to the best of his ability to
support Buyer to organize this INSTRUMENT from their Exit Buyer.)
11. Upon receipt and verification of above and Seller bank shall also
Place/Assign Performance Bond (PB) at 2% to Buyer bank on receipt of above TRDLC / SBLC.
12. Seller continues loading vessels / tankers and keeps submitting shipping
documents for payment to Buyer bank through Seller bank against the issued
bank instrument listed above and Buyer bank keeps releasing payment against
submitted shipping documents in (2) banking day by TT/ wire transfer to Seller
Bank.
SHIPPING DOCUMENTS FOR PAYMENT
a. SELLER’S SIGNED COMMERCIAL INVOICES IN 3 (THREE) ORIGINAL AND 3
(THREE) COPIES; AND EVIDENCING FULL PRICE CALCULATION.
b. FULL SET OF 3/3 ORIGINAL CLEAN ON BOARD OCEAN /MARINE BILLS OF
LADING (B/L) ISSUED TO THE ORDER, MARKED “FREIGHT PAID” PLUS 3 NON-NEGOTIABLE COPIES. EACH ORIGINAL TO BE ORIGINALLY SIGNED BY MASTER OR VESSEL’S AGENT.
c. 1 ORIGINAL AND 3 COPIES OF CERTIFICATE OF QUALITY OF THE GOODS
ISSUED BY “SGS” OR “SAYBOLT”;
d. 1 ORIGINAL AND 3 COPIES OF CERTIFICATE OF QUANTITY OF THE GOODS
ISSUED BY “SGS” OR “SAYBOLT”;
e. 1 ORIGINAL AND 3 COPIES OF CERTIFICATE OF ORIGIN OF THE GOODS
SIGNED BY CHAMBER OF COMMERCE IN COUNTRY OF ORIGIN.
f. MASTER’S RECEIPT (ORIGINAL) CONFIRMING RECEIPT OF BOTTLES
CONTAINING ARBITRATION QUALITY SAMPLES OF GOODS LOADED BY VESSEL.
g. CARGO RELEVANT DOCUMENTS PROOF OF PRODUCT DOCUMENTS (POP)
a. COPY OF LICENSE TO EXPORT ISSUED BY THE RUSSIAN MINISTRY
b. RESOURCE NOTICE FROM OIL COMPANY CONFIRMING CONTRACTUAL
VOLUME OF GOODS, FREE FOR EXPORT / COMMITMENT LETTER
c. THE LETTER OF THE TRANSSHIPMENT-PETROLEUM COMPANY OAO «AK
TRANSNEFT» ABOUT PUMPING OF VOLUMES OF GOODS
d. COPY OF STATEMENT OF AVAILABILITY / TRANSACTION PASSPORT
e. CHARTER COMPANY AGREEMENT FOR SHIPPING THE CONTRACT QUANTITY
1. Buyer sends an email stating agreement with the procedures and a profile of
his company. Upon receipt of email, seller’s details will be released.
2. Buyer Issues ICPO to Seller with banking info & with these terms and
procedures.
3. Seller issues Draft contract to Buyer and Buyer signs and send to Seller by
Email.Sellers countersigns and complete all the codes in contract and send to Buyer in PDF format by email and both lodge in respective banks.
4. Upon signature of contract buyer shall within 2 banking days and prior to the
10th of XXXXXX have buyer bank issue Operational Irrevocable Conditional
Transferable DLC one time to refinery as agreed in contract for the face value of
First / Trial quantity (5% One Month’s shipment quantity) as trial shipment in
favor of Seller bank.
5. Seller will confirm schedule of shipping date along with DIP test authorization
to Buyer to nominate their SGS agent to conduct test on quality & quantity at the
time scheduled loading date at loading port, in case of Buyer needs at his expenses
additional to SGS reports which are included in shipping documents.
6. Seller shall load First / Trial quantity (5% One Month’s shipment quantity) in
vessels / tankers as per agreed schedules and submit shipping documents (As
listed below) to Buyer bank for payment through Seller bank.
7. Seller shall also send copy of POP (As listed below) for full contract
quantity.
8. Buyer bank releases payments to Seller bank against receipt of all the above
shipping documents of Trial quantity (5% One Month’s shipment quantity) in 2
days from date of receipt by TT / wire transfer.
9. Upon receipt of first shipment Documents in their counters, Buyer bank will
issue Operational Irrevocable Conditional Transferable One time to Refinery RDLC
/or/ Non Transferable SBLC, ( Text Attached ) for the face value that covers
the monthly quantity of contract. (Seller will cooperate to the best of his ability to
support Buyer to organize this INSTRUMENT from their Exit Buyer.)
10. Upon receipt and verification of above and Seller bank shall also
Place/Assign Performance Bond (PB) at 2% to Buyer bank on receipt of above TRDLC / SBLC.
11. Seller continues loading vessels / tankers and keeps submitting shipping
documents for payment to Buyer bank through Seller bank against the issued
bank instrument listed above and Buyer bank keeps releasing payment against
submitted shipping documents in (2) banking day by TT/ wire transfer to Seller
Bank.
*
Note:
1. Trial quantity is 5% of contract quantity and not less than 10,000MT for D2 And
100,000 bbl for JP54.
2. Penalty Clause will be included in contract for 1% of instrument value for covering both side Risk. OPTION 2 with POF and POP (with or without Trail shipment of 5-10%)
7 PROCEDURES
1. Buyer sends an email stating agreement with the procedures and a profile of
his
company. Upon receipt of email, seller’s details will be released.
2. Buyer Issues ICPO to Seller with banking info & with these terms and
procedures.
3. Seller issues Draft contract to Buyer and Buyer signs and send to Seller by
Email. Sellers countersigns and complete all the codes in contract and send to Buyer PDF format by email and both lodge in respective banks.
4. Upon signature of contract within 2 banking days, Buyer bank shall issue POF
(As per TEXT attached) by swift MT799 to Seller bank by 10th of November 2010.
5. Seller initiate all formalities with Russian Ministry and Transneft for
transporting contract quantity of product from refinery to ports through their refinery and issues POP and other relative documents (As per list attached )at Russian refinery standards to the Buyer by mail and copy bank to bank, in 7 to 10 banking days.
6. Upon receipt and verification above POP, within 2 banking days buyer bank
shall issue Operational Irrevocable Conditional Transferable DLC one time to refinery as agreed in contract for the face value of First Month quantity shipment /or/
agreed Trail quantity shipment in favor of Seller bank.
7. Seller will confirm schedule of shipping date along with DIP test authorization
to Buyer to nominate their SGS agent to conduct test on quality & quantity at the
time scheduled loading date at loading port, in case of Buyer needs at his expenses
additional to SGS reports which are included in shipping documents.
8. Seller shall commence loading in vessels / tankers as per agreed schedules
and submit shipping documents (As listed below) to Buyer bank for payment through Seller bank.
9. Buyer bank releases payments to Seller bank against receipt of all the above
shipping documents in 2 days from date of receipt by TT / wire transfer.
10. Upon receipt of first shipment Documents in their counters, Buyer bank will
issue Operational Irrevocable Conditional Transferable One time to Refinery RDLC
/or/ Non Transferable SBLC, ( Text Attached ) for the face value that covers
the monthly quantity of contract. (Seller will cooperate to the best of his ability to
support Buyer to organize this INSTRUMENT from their Exit Buyer.)
11. Upon receipt and verification of above and Seller bank shall also
Place/Assign Performance Bond (PB) at 2% to Buyer bank on receipt of above TRDLC / SBLC.
12. Seller continues loading vessels / tankers and keeps submitting shipping
documents for payment to Buyer bank through Seller bank against the issued
bank instrument listed above and Buyer bank keeps releasing payment against
submitted shipping documents in (2) banking day by TT/ wire transfer to Seller
Bank.
SHIPPING DOCUMENTS FOR PAYMENT
a. SELLER’S SIGNED COMMERCIAL INVOICES IN 3 (THREE) ORIGINAL AND 3
(THREE) COPIES; AND EVIDENCING FULL PRICE CALCULATION.
b. FULL SET OF 3/3 ORIGINAL CLEAN ON BOARD OCEAN /MARINE BILLS OF
LADING (B/L) ISSUED TO THE ORDER, MARKED “FREIGHT PAID” PLUS 3 NON-NEGOTIABLE COPIES. EACH ORIGINAL TO BE ORIGINALLY SIGNED BY MASTER OR VESSEL’S AGENT.
c. 1 ORIGINAL AND 3 COPIES OF CERTIFICATE OF QUALITY OF THE GOODS
ISSUED BY “SGS” OR “SAYBOLT”;
d. 1 ORIGINAL AND 3 COPIES OF CERTIFICATE OF QUANTITY OF THE GOODS
ISSUED BY “SGS” OR “SAYBOLT”;
e. 1 ORIGINAL AND 3 COPIES OF CERTIFICATE OF ORIGIN OF THE GOODS
SIGNED BY CHAMBER OF COMMERCE IN COUNTRY OF ORIGIN.
f. MASTER’S RECEIPT (ORIGINAL) CONFIRMING RECEIPT OF BOTTLES
CONTAINING ARBITRATION QUALITY SAMPLES OF GOODS LOADED BY VESSEL.
g. CARGO RELEVANT DOCUMENTS PROOF OF PRODUCT DOCUMENTS (POP)
a. COPY OF LICENSE TO EXPORT ISSUED BY THE RUSSIAN MINISTRY
b. RESOURCE NOTICE FROM OIL COMPANY CONFIRMING CONTRACTUAL
VOLUME OF GOODS, FREE FOR EXPORT / COMMITMENT LETTER
c. THE LETTER OF THE TRANSSHIPMENT-PETROLEUM COMPANY OAO «AK
TRANSNEFT» ABOUT PUMPING OF VOLUMES OF GOODS
d. COPY OF STATEMENT OF AVAILABILITY / TRANSACTION PASSPORT
e. CHARTER COMPANY AGREEMENT FOR SHIPPING THE CONTRACT QUANTITY
APPENDIX No 1 : TDLC TEXT
BANK PAYMENT INSTRUMENT TDLC ( TEXT )
----------------------------------------------swift message report --------------------------------
NOTIFICATION :
DELIVERY STATUS :
PRIORITY / DELIVERY / :
MESSAGE INPUT REFERENCE
-----------------------------------------------swift message header ------------------------------
Swift output Fin 700
Sender BUYER BANK <ISSUING BANK / CONFORMING BANK >
Receiver SELLER BANK < BARCLAYS BANK , DUBAI >
_____________________________message text ___________________________
27 : Sequence of Total
1/1
40A: Form of Documentary Credit
IRREVOCABLE, TRASFERABLE , DIVISIBLE
20: Documentary Credit Number
XXXXXX
31C: Date of Issue
XXXXXXX
40E: Applicable Rules
UCPURR LATEST VERSION
31D: Date and Place of Expiry
( Beneficiary bank )
50: Applicant - Name and Address
< BUYER XXXXXXXXXXXXX >
59: Beneficiary - Name and Address
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX.
XXXXXXXXXXXXXXXXXXXXXXXXXXXXX
32B: Currency Code , Amount
USD (US DOLLAR )
XXX,000,000.00 ( XXXXXXX MILLION )
39A: Percentage Credit Amount Tolerance
5/5 ( ie. +/- 5 % )
41A : Available With … By ..
BARCLAYS BANK PLS , DUBAI BRANCH / ( CONFIRMING BANK )
BY PAYMENT
42C: Drafts at …
AT SIGHT FOR 100% INVOICE VALUE
42A : Drafts to be drawn on
ISSUING BANK
43P: Partial Shipments
ALLOWED
43T: Transshipment
NOT ALLOWED
44A : Shipment from
ANY RUSSIAN PORT
44B: Shipment to
XXXXXXXXXXX port
45A: Description of Goods & / or Services
COMMODITY : D2 / JP54 / USLD
ORIGIN : RUSSIA
PRICE TERM : USD $ XXX PER MT / BBL , CIF ASWP
QUANTITY : SHOULD FOLLOW SPECIFICATIONS AS FOLLOWS :
( duplicate list in Annex “A” of SPA )
SURVEY COMPANY : SGS
QUANTITY MEASURE : IN METRIC TON (MT) / BARRELS ( BBL)
QUANTITY : X,000,000 MT / BBL
PERIOD : 2 MONTHS
46A: Documents Required
A. SELLER ‘S SIGNED COMMERCIAL INVOICES IN 3 (THREE) ORIGINAL AND 3
(THREE) COPIES; AND EVIDENCING FULL PRICE CALCULATION:
B. A FULL SET OF 3/3 ORIGINALS PLUS 3 N/N COPIES OF OCEAN BILL OF
LADING MADE OUT “ CLEAN ON BOARD “ , MARKED “ FREIGHT PREPAID”. THE
B/L TO BE SIGNED IN ORIGINAL BY THE SHIP’S MASTER AND ISSUED OR
ENDORSED TO THE SHIPPER SHOWING DESTINATION, IDENTIFICATION OF
THE LOADED CARGO WITH QUANTITY EXPRESSED IN METRIC TONS.
C. 1 ORIGINAL AND 3 COPIES OF CERTIFICATE OF QUALITY OF THE GOODS
ISSUED BY “SGS”; AT LOADING PORT
D. 1 ORIGINAL AND 3 COPIES OF CERTIFICATE OF QUANTITY OF THE GOODS
ISSUED BT “SGS” AT LOADING PORT
E. 1 ORIGINAL AND 3 COPIES OF CERTIFICATE OF ORIGIN OF THE GOODS
SIGNED BY CHAMBER OF COMMERCE IN COUTRY OF ORIGIN .
F. VESSEL TIME SHEET SHOWING AT LEAST DATE OF N.O.R. TENDERING AT
LOADING PORT AND DATE OF HOSES CONNECTION
G. CARGO MANIFEST ( ORIGINAL ) ;
H. MASTER’S RECEIPT OF ONE COPY OF ALL DOCUMENTS OF THE SHIPPED
GOODS ( ORIGINAL );
I. MASTER’S RECEIPT (ORIGINAL) CONFIRMING RECEIPT OF BOTTLES
CONTAINING ARBITRATION QUALITY SAMPLES OF GOODS LOADED BY
VESSEL ;
J. ULLAGE REPORT
K. TANK’S CLEANLINESS CERTIFICATE OF TANK’S INSPECTION
CERTIFICATE ;
L. INSURANCE COVERAGE OR DECLARED IN B/L BY CHARTER PARTY .
47A: Additional Conditions
A ) NO SHIPPING DOCUMENTS TO SHOW PRICE DETAILS AND EXPORTER
DETAILS OTHER THAN INVOICE AND DRAFT .
B) ALL OTHER CHARGES ARE FOR BENEFICIARIES’ ACCOUNT
C) DOCUMENTS PRESENTED LATER THAN 21 DAYS AFTER BILL OF LADING
DATE BUT STILL WITHIN THIS CREDIT VALIDITY ARE ACCEPTABLE.
D) CHARTER PARTY BILLS OF LADINGS ACCEPTABLE .
E) IF PAYMENT DUE DATE FALLS ON A SATURDAY OR A BANK HOLIDAY IN
NEW YORK OTHER THAN MONDAY , THEN PAYMENT TO BE MADE THE
PREVIOUS BANK WORKING DAY. IF PAYMENT DUE DATE FALLS ON A
SUNDAY OR A MONDAY BANK HOLIDAY IN NEW YORK, PAYMENT SHALL BE
MADE THE FOLLOWING BANK WORKING DAYS .
F) IF ANY OF THE DOCUMENTS IS NOT AN ORIGINAL, IT MUST BE PROPERLY
CERTIFIED BY AN AUTHORITATIVE INDEPENDENT BODY, AND SUCH
CERTIFICATION SHELL ACCOMPANY IT .
G) SHIPPING DOCUMENTS BEARING THE DATE EARLIER THAN THE L/C DATE
ARE ACCEPTABLE.
H) THIRD PARTY DOCUMENTS ACCEPTED EXCEPT INVOICE AND DRAFT
I) ALL THE DOCUMENTS ACCOMPANYING THE CREDIT SHOULD ASLO BE IN
ENGLISH.
J) BARCLAYS BANK , DUBAI IS AUTHORIZED TO TRANSFER THIS LC AS PER
INSTRUCTION OF THE BENEFICIARY
K ) ALL BANK CHARGES TO BE DEDUCTED UPON PAYMENTS
L) STANDARD LEGAL CLAUSES FOR DOCUMENTARY L/C’ S.
71B : Charges
ALL BANK CHARGES (INCLUDING ALL CHARGES & COMMISSIONS FOR
CONFIRMING, NEGOTIATION, REIMBURSEMENT etc.) ARE FOR ACCONT
OF APPLICANT
48 : Period of Presentation
DOCUMENTS TO BE PRESENTED WITHIN 21 DAYS FROM SHIPMENT DATE ,
SHIPMENT DATE TO COUNT AS DAY ONE, AND WITHIN CREDIT
VALIDITY
49: Confirmation Instructions
WITH
57A: Credit to be Advised to Beneficiary Through ( Bank )
BARCLAYS BANK , DUBAI , SWIFT : BARCAEAD
78 : Instruction to Payg/Accptg/Negptg Bank
1. ON RECEIPT OF DOCUMENTS CONFORMING TO THE TERMS OF THIS
DOCUMENTARY CREDIT , WE UNDERTAKE TO REIMBURSE YOU IN TWO
BANKING DAY AS PER YOUR INSTRUCTIONS / TT REIMBURSEMENT
ALLOWED .
2 .WE HERBERY ENGAGE WITH DRAWERS , ENDORSERS AND BONAFIDE HOLDERS
OF DRAFTS UNDER AND IN COMPLIANCE WITH TERMS OF THIS CREDIT
THAT SUCH DRAFTS SHALL BE DULY HONOURED ON PRESENTATION OR
DELIVERY OF DOCUMENTS AS SPECIFIED ABOVE.
3. DOCUMENTS ARE TO BE DISPATCHED IN ONE LOT BY COURIER ( DHL OR
LIKE )
4 . EXCEPT AS OTHERWISE EXPRESSLY STATED , THIS DOCUMENTARY
CREDIT IS SUBJECT TO UCPDC (2007 REV) ICC BROCHURE NO
600 .
72 : Sender to Receiver Information
XXXXXXXXXXXXXX / THIS IS OPERATIONAL INSTRUMENT
RDLC TEXT – WILL BE SAME AS ABOVE WITH ADDITIONAL OF REVOLVING CLAUSE
Appendix No 1 : SBLC TEXT ( NON TRANSFERABLE )
STANDBY LETTER OF CREDIT
TO : Barclays Bank UAE ( the “Beneficiary”)
P. O Box 18
Dubai , UAE
Dear Sirs ,
Standby Letter of Credit No. [ ] dated [ ]
We, ---------------------------------- ( Branch address ) , whose registered office
Is located at --------------------------------------------------------, hereby establish our
Standby Letter of Credit No. [______________] ( the “SBLC” ) in favour of
The Barclays Bank UAE (the “Beneficiary”) for an amount not to exceed
USD ________ ( United States Dollars ______ only ) ( the “Aggregate Total
Amount” ) covering the obligations of M/s, ___________ UAE ( the
“Obligor” ) to you in relation to the Credit facilities extended by you
to the Obligor ,in whatever nature or facility of your choice for the
transaction ________________________ .
Any payment by us under this SBLC shall be made within 2 working days
following receipt of your written demand for payment of an amount not
exceeding the Aggregate Total Amount. Your written demand quoting this
SBLC number must certify that : -
“This drawing under the SBLC in the amount of [ ] ( the “Drawing
Amount”) is made in respect of amounts due under the credit falicity
and payable to the Beneficiary by the Obligor. The Beneficiary has
formally demanded payment of such amount due from the Obligor and the
Obligor has failed to comply with such demand .
Any demand hereunder must be received at our offices, located at ---------
------------------------------- , within the Expiry Date of this SBLC and marked
for the attention of Trade Operations Department quoting this SBLC
number . Partial demands are also allowed . Beneficiary can lodge the
claim by way of Telex, Swift , Mail, Courier or hand delivered letter .
This SBLC sets forth the terms and conditions of our undertaking and
such undertaking shall not in any way be modified ,amended or amplified
by reference to any document , instrument , contract or agreement
referred to herein or to which this SBLC relates and any such reference
to any document, instrument , contract or agreement shall not be deemed
to be incorporated herein by reference .
This SBLC is subject to Uniform Customs and Practice for Documentary
Credits , 2007 Revision, International Chamber Of Commerce Publication
No. 600 ( the “UCP” ) , and as to matters not addressed by the UCP shall
be governed by and construed in accordance with the United Arab
Emirates Law .
This SBLC shall expire on ______________________ ( the “Expiry Date “ ) . Any
demand made under and in compliance with the terms and conditions of
this SBLC will be duly honored if received at our above-mentioned
office on or prior to the Expiry Date of this SBLC .
This swift is the original instrument and no mail confirmation will
Follow .
Ing Sindelar
NOTE: This set of documents are intended for the noted addressee/s only. The contained information is private and confidential, which is privileged. Unless you are the named addressee (or authorized to receive for the addressee) you may not copy, transmit, or use it or disclose it to anyone else in any way whatsoever, destroy it! These documents are deemed as a contractual obligation between parties, therefore the international law of non-disclosure and good faith are applicable. A breach of this notification shall result in civil and/or criminal litigation. All facsimilies and e-mails are as Originals.
