LETTER OF CREDIT APPLICATION

  • LETTER OF CREDIT TERMS

  • PAYMENT TO BE MADE ONLY AGAINST PRESENTATION OF ALL DOCUMENTS DETAILED BELOW:

    • Commercial invoice in one (1) original and two (2) copies.
    • Packing list in one (1) original and two (2) copies.
    • Certificate of origin in one (1) original and two (2) copies.
    • 3 of 3 original Ocean Bill of Lading, plus 3 copies consigned to the order of the issuing bank and marked

    Notify: CT international trade finance UK., ZEST HOUSE, 1st floor, Newcastle Road, Arclid, Sandbach, Cheshire, CW11 2SN, UK.

  • REQUIRED DOCUMENTS

    ADDITIONAL CONDITIONS

  • DESCRIPTION OF GOODS

  • TERMS & CONDITIONS

    1. Upon acceptance of this Application and prior to issuance of a Letter of Credit by CT International Trade Finance UK. Address: Zest House, 1st Floor, Newcastle Road, Sandbach, Cheshire, CW11 2SN (“CT”) Applicant unconditionally and irrevocably agrees to pay CT or its assigns, in immediately available funds, all opening fees and commissions agreed upon between the Applicant and CT. Applicant likewise agrees to pay CT or its assigns, in immediately available funds, for any and all drafts drawn against the Letter of Credit and presented to CT for payment, along with any and all fees in the amounts agreed upon between the parties, regardless of whether the draft was made in conformance with the terms of the Letter of Credit or whether the draft was accepted and paid after Applicant’s oral or written approval of discrepancies. Applicant unconditionally agrees that unless CT decides otherwise in its sole discretion, no draft drawn against a Letter of Credit shall be approved for payment until Applicant indefeasibly pays CT the full amount of the
    2. Upon acceptance of this Application and prior to issuance of a Letter of Credit by CT International Trade Finance UK. Address: Zest House, 1st Floor, Newcastle Road, Sandbach, Cheshire, CW11 2SN (“CT”) Applicant unconditionally and irrevocably agrees to pay CT or its assigns, in immediately available funds, all opening fees and commissions agreed upon between the Applicant and CT. Applicant likewise agrees to pay CT or its assigns, in immediately available funds, for any and all drafts drawn against the Letter of Credit and presented to CT for payment, along with any and all fees in the amounts agreed upon between the parties, regardless of whether the draft was made in conformance with the terms of the Letter of Credit or whether the draft was accepted and paid after Applicant’s oral or written approval of discrepancies. Applicant unconditionally agrees that unless CT decides otherwise in its sole discretion, no draft drawn against a Letter of Credit shall be approved for payment until Applicant indefeasibly pays CT the full amount of the