Our goal is to produce a transaction that satisfies all parties involved. In order to facilitate a smooth transaction and limit any delays and/or amendment costs, please include the following when opening your letter of credit: 1) Please issue the Letter of Credit in favor of :
2) The Letter of Credit (L/C) must be irrevocable. 3) The L/C must be confirmed by :
Bank of America was chosen for their expertise in International Banking and for their large network of corresponding banks The bank you work with should have no problem establishing a Letter of Credit with this bank. If you prefer to work through a corresponding bank in your area, please contact us and we will provide you with the name and address. 4) Draft(s) under the L/C must be payable 100% at sight. 5) The required documents may include:
6) Shipping terms must be:
7) The L/C must allow a minimum of 21 days after issuance of the transport documents for presentation of documents at the counters of the negotiating bank. 8) Special Conditions:
9) Banking Charges :
Please advise us of the issue date of the L/C, the issuing bank’s name and confirm that it was sent through Bank of America as soon as possible. If you have any concerns or questions, please feel free to contact us. |