Document Letter of Credit
1) We can open Cleaned DLC issued from North West Bank, Trust Investment Bank and Universal Commerce Bank at this moment.
2) The fee rate for this service is 20% of the total amount.
3) The min. term is 210 days (7 months) and usually the terms is one-year basis and can be renewed for 3~5 years depended on issuing bank with the fee payment for each renewing time because we should do the same processing with our issuing bank.
4) The Min. amount for this service is USD 500,000.00 ~ USD 800,000.00 depended on issuing bank.
5) The LC issued from North West Bank and Trust Investment Bank will be tested by JSC Petro Aero Bank and ABN Amro Bank for its verification and authentication in USA.
6) The LC issued from Universal Commerce Bank will be tested by Deutsche Bank AG Frankfurt, Germany.
2. SLC and BG
1) We can open Unconditional SLC and BG issued from the same banks as above with the same condition, except only the fee rate.
2) The fee rate for SLC and BG, especially for Unconditional, is 25% of the total LC amount.
3) The Conditional SLC or BG can be opened from above banks with the fee rate 20% of the total LC amount.
4) The Min. amount of the SLC or BG for North West Bank is USD 8 million, and for other two banks is USD 800,000.00.
5) Now, we ca n also open Unconditional SLC or BG issued from CITI Bank and Chase Bank in USA.
6) The fee rate for these two world prime banks is 30% of the total LC amount.
7) The Min. amount for these two banks is USD 2 million.As you can above information including LC file, some of conditions and terms are different depended on our colleagues including issuing banks. Please review all carefully again and think about which service would be the best one for your business situation now you are on, and give us your decision. If more questions or got something to discuss with us, just let us know.It will be our pleasure to hear you any. Also, as your reference, we*re sending you the Cleaned LC format issued from Universal Commerce Bank and SLC format issued from CITI Bank.
Manager/ Representative of SCI Corp.
# Advising Bank: Test XXX DD XXXXX for USD XXXXXXXX.00 Tested with Deutsche Bank AS Frankfurt, Germany.Please kindly contact them for verification. Advice of a third bank's Letter of Credit.
Dear Sirs,
Please noted that Universal Commerce Bank Corporation, Aiwo, Nauru, Central Pacific Has issued an irrevocable Letter of Credit No.: XXXX in favor of (Beneficiary) As follows:
Quote
From: Universal Commerce Bank Corporation Aiwo, Nauru, Central Pacific Postal Address: 4A, Bd. G-D. Charlotte L-1330 Luxembourg
To: (Advising bank)
At the request and for the account of the L/C applicant, we, Universal Commerce Bank Corporation hereby issued irrevocable documentary credit no: XXXX\
Applicant:Beneficiary:
Amount : USD XXXXXXXX.00 Tenor : at XXX days after sight Latest Shipping Date : XX days after the L/C issuance date Date and place of expiry : Latest shipment date add XX days Terms : Partial shipment : not allowed Transshipment : not allowed Shipment from : Any port in XXXXX to XXXXX Covering; Total Quantity : Total Amount : Packing : Standard export packing Payment against draft drawn at XXX days after sight for 100 pct of the invoice and against presentation at the issuing bank's counter of the following documents: 1. Signed commercial invoice in two copies indicating L/C No.
2. Packing list in two copies.
3.Full sets(3/3) of clean "On Board" Ocean Bill of Lading made out to order and endorsed in blank, marked "Fright Prepaid" and notify applicant with full address. (This will be deleted based on L/C's terms; if C&F)
Special Conditions:
Please quote our ref. No._____________ in all our correspondence to us. All documents to be forwarded to our following address by DHL.This L/C is subject to the Uniform Custom and Practice for Documentary Credit (1993 Revision), International Chamber of Commerce, Publication No. 500. No mail confirmation will follow. Parex bank Riga, Latvia with Swift code, Parxlv22 issued the L/C for Universal Commerce Bank Corporation. Cleaned DLC issued from Universal Commerce Bank
TO: CHINA MERCHANTS BANK(ADDRESS)
TELEX:
SWIFT:
FROM: CITI BANK (SOUTH DAKOTA) N.A P.O. BOX 6103 SIOUX FALLS, SOUTH DAKOTA 57117-6103 U.S.A
DATE: DD/MM/YY
GENTLEMEN, BY ORDER OF 'CITI BANK, N.A, SIOUX FALLS, SOUTH DAKOTA, USA', WE NO. XXXXX IN YOUR FAVOR WHICH IS AVAILABLE BY SIGHT PAYMENT WITH ISSUING BANK UP TO AN AGGREGATE AMOUNT OF USD 300,000,000.00 (UNITED STATED DOLLARS THREE HUNDRED MILLION AND 00/100) AS A SECURITY FOR YOUR BANKING FACILITIES GRANTED TO (BENEFICIARY INFORMATION). WE, 'CITI BANK (SOUTH DAKOTA) N.A. SIOUX FALLS, SOUTH DAKOTA', HEREBY IRREVOCABLE UNDERTAKE TO PAY YOU UP TO USD 300,000,000.00 (UNITED STATED DOLLARS THREE HUNDRED MILLION AND 00/100) UPON RECEIPT OF YOUR REQUEST FOR PAYMENT THEREUNDER BEING MADE BY TESTED TELEX STATING THAT THE AMOUNT CLAIMED HAS BECOME DUE TO YOU BY INTERAMERICA ASIA PTE. LTD. AND REMAIN UNPAID. YOUR REQUEST FOR PAYMENT SHALL BE CONSIDERED AS A CONCLUSIVE EVIDENCE OF OUR LIABILITY TO PAY. THIS STAND BY LETTER OF CREDIT IS VALID UNTIL DD/MM/YY AND WILL EXPIRE AUTOMATICALLY IF YOUR CLAIMS BY TESTED TELEX ARE NOT IN OUR POSSESSION ON OR BEFORE THAT DATE. WE HEREBY ENGAGE WITH YOU THAT ALL CLAIMS MADE UNDER THIS STAND BY LETTER OF CREDIT WILL BE HONORED UPON RECEIPT OF YOUR TESTED TELEX. THE NUMBER AND THE DATE OF THE CREDIT AND THE NAME OF OUR BANK MUST BE QUOTED IN YOUR TESTED TELEX. PARTIAL DRAWINGS ARE ALLOWED. THIS, STAND BY LETTER OF CREDIT, IS SUBJECT TO THE UCP FOR DOCUMENTARY CREDITS (REVISION 1993) ICC PUBLICATION NO. 500. THIS IS THE OPERATIVE INSTRUMENT NO MAIL CONFIRMATION TO FOLLOW.
REGARDS.
_________________________
SANDRA KIM/ MANAGER (YOUR OR BENEFICIARY INFORMATION)SCI CORP.
Banks List Document Letter of Credit