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 Private Wealth UNIT 6, The Clock Tower, Manor Lane, Holmes Chapel, Cheshire, CW4 8DJ. UK Also AT Canary Wharf, London, 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 Citi International Trade Finance UK. Address: Zest House, 1st Floor, Newcastle Road, Sandbach, Cheshire, CW11 2SN (“Citi”) Applicant unconditionally and irrevocably agrees to pay Citi or its assigns, in immediately available funds, all opening fees and commissions agreed upon between the Applicant and Citi. Applicant likewise agrees to pay Citi or its assigns, in immediately available funds, for any and all drafts drawn against the Letter of Credit and presented to Citi 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 Citi decides otherwise in its sole discretion, no draft drawn against a Letter of Credit shall be approved for payment until Applicant indefeasibly pays Citi the full amount of the
    2. Upon acceptance of this Application and prior to issuance of a Letter of Credit by Citi International Trade Finance UK. Address: Zest House, 1st Floor, Newcastle Road, Sandbach, Cheshire, CW11 2SN (“Citi”) Applicant unconditionally and irrevocably agrees to pay Citi or its assigns, in immediately available funds, all opening fees and commissions agreed upon between the Applicant and Citi. Applicant likewise agrees to pay Citi or its assigns, in immediately available funds, for any and all drafts drawn against the Letter of Credit and presented to Citi 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 Citi decides otherwise in its sole discretion, no draft drawn against a Letter of Credit shall be approved for payment until Applicant indefeasibly pays Citi the full amount of the