application for a letter of credit below and answer the following questions.
CIF = all Costs, Insurance
and Freight paid by the exporter (Mr. Peter Umbeke) Letter of Credit = A letter from one bank to another to give the
seller (exporter) credit
complete the bank’s application form with information from the above letter.
We instruct you to
open IRREVOCABLE (unless requested in writing to be REVOCABLE)
Documentary Credit on the terms set out below.
(Name and address)
Date of expiry
Place of expiry (country of beneficiary unless otherwise
stated) Boston, MA, USA.
Documents to be presented within
days after date of issue of
Amount (in words
Arrival not later
against presentation of documents detailed below and of drafts drawn
on London Bank of Trade and Commerce or conforming bank, where
1. Signed commercial
invoice in triplicate showing contract terms.
Full set of clean On
Board Marine Bills of Lading to order and blank endorsed and marked
evidencing goods consigned to and marked
Transport Document if required
Policy/Certificate in blank for 110% of the invoice amount covering
Insurance to be
effected by applicant
Other documents / Special
DESCRIPTION OF GOODS
We request you to
arrange a Documentary Letter of Credit on the terms set out above
subject to Uniform Customs and Practice for Documentary Credits (1993)
International Chamber of Commerce Publication No. 500.
In consideration of you arranging the Documentary Letter of Credit we
accept the terms and conditions and agree to comply with the terms and
Signature(s) ________________________ For and on behalf of Applicant