|
|
|
|
|
 |
Letter of Credit Requirements
The following are our/bankers requirement for
Letter of Credit. We request you to comply with the
requirements to ensure timely delivery and avoid
amendment charges.
Beneficiary:
On Line Distribution Ltd.
JB6, Jebel Ali Free Trade Zone
P O Box 17124, Dubai, U. A. E Advising Bank
HSBC Bank Middle East
P O Box 66, Jebel Ali Free Trade Zone
Dubai, U. A. E
M / s
.
Dear Sirs,
Our payment Guarantee Ref:
..for USD
..,
proforma invoice no:............... dated
............... In consideration of your supplying
................ to M / s
.. of
against
........................ delivery terms, we the
undersigned
.. of
..... hereby irrevocably
guarantee, payment of your sales invoice issued as
per above mentioned proforma invoice upto a maximum
aggregate amount of USD
.
(US Dollars
only) in the event of
.
failure to effect settlement as per the terms
contained in your relative invoices.
Payment(s) under this guarantee will be made to
yourselves upon our receipt of your first written
demand stating that M / s
. have failed to effect
payment of your invoices(s) as per the terms
contained therein, also enclosing a copy of your
commercial invoice, despite any contestation on the
part of M/s.......................
Notwithstanding any other provision in this
guarantee our maximum liability under this guarantee
shall in no event exceed an aggregate sum of United
States Dollar
.
For the purpose of identification of your request
for payment and your confirmation has to be
presented to us through the intermediary of a first
rate bank confirming that the signature thereon are
legally binding upon your firm.
If, in this respect, such bank will make use of
tested telex / swift it will have to transmit in any
case the full wording of your request for payment
and of your above mentioned written confirmation.
This guarantee shall expire on the first business
following
.. 2003 after which date, no claims
will be entertained by us and this bond shall be
automatically considered null and void.
This guarantee shall be governed and construed in
all respects in accordance with the laws of
..................(Country) and place of
jurisdiction is ............ (City)
Yours Faithfully,
For
..
Manager Authorised Officer
|
|
|
|
Datatec Group //
