Letter of Credit Issuance Instructions
Please instruct your bank to open an irrevocable letter of credit in accordance with the following terms and conditions:
Favor of (beneficiary name):
431 Crown Point Cir Ste 100
Grass Valley, CA 95945-9531
Issue via: full cable
Bank account information: To be advised at time of order.
Letter of credit must be confirmed by our bank, not a US branch or agency of the issuing bank.
Amount of L/C: To be advised at time of order.
L/C should be available at the counters of Wells Fargo Bank, San Francisco, California by drafts drawn on Wells Fargo Bank, San Francisco, California.
All bank charges (including commissions and discount charges) are for the account of the buyer.
Expiry date: 8 months from issuance of L/C.
Expiry location: U.S.A.
Merchandise description: To be advised at time of order.
Shipment from: To be advised at time of order.
Shipment to: To be advised at time of order.
Payment is due upon shipment of merchandise. Partial payments must be permitted for partial shipments. Documents must be presented to the negotiating bank within 10 days after date of shipment. Payment must be made upon presentation of documents.
Shipment by: Air
Insurance: Covered by buyer
Partial shipment: Permitted
Shipping terms: Ex-works Grass Valley, California, U.S.A.
Letter of credit must be reimbursable with Wells Fargo Bank, or must be reimbursable on another U.S. bank by telegraphic transfer.
Shipment will be effected after we receive a letter of credit satisfactory to us. If you are unable to comply with any of the preceding terms, please advise immediately. Any deviation from the above terms without our agreement will result in delay of the shipment covered by this letter of credit. Please fax a copy of letter of credit application for approval before issuance.