Online Letter Of credit form

This is the online Letter of Credit form (FLC)and intend for the use of general public in India for imports. Kindly fill the details and submit the data, you will get the L/C form in word format. You may copy it for any further edition or take direct print. Kindly mention the values in digits /numbers only (no decimal please).
Project Details
Dispatch details
Usance Details

Supplier Bank Charges to Suppliers A/c. and buyer bank charges to Buyer A/c.
Usance interest charges may be allowed over and above L/C value.
Negotiation is allowed in any bank in India.
Negotiation is allowed strictly in the advising bank only.
Documents Required:
Signed Invoice In triplicate (original plus two photo copies).
Consignee Copy of LR indicating freight pre paid.
Copy of Test Reports (or) Inspection reports.
Bill of exchange /Draft for the Invoice value.
Separate Debit note / bill of exchange (for Interest amount).
Delivery Chalan duly acknowledged by site-in charge
copy of MRN (Material receipt note).
   
   
Additional Clauses:
Additional value due to Variation in quantity is allowed to over & above L/C value.
Bill of exchange should not be prior to L/R date.
Variation in Qty and Value is allowed maximum +/- 2 %.
Quantity in Rmt/ Meters (or) Kgs / Metric Ton/MT is also acceptable.
Supplies made prior to L/C opening date are also allowed - but not more than 30 days prior to L/C opening date.
Documents prepared in the name of applicant (i.e Purchaser) works/site/corporate address are also acceptable.
Documents drawn by beneficiary (i.e supplier) works/ Head office/ Branch office are also acceptable.
Short term/ Short name of consignee are also acceptable.
Short form of specification / item description in the INVOICE / DRAFT is also allowed.
Transport carrier may or may not be an IBA approved carrier.
Supplies made from authorized depots other than supplier plant /works is also acceptable and will not be treated as discrepancy.
L/C number should be mentioned in the bill of exchange / draft and Invoice.
Document / Draft /Bill of exchange drawn under the L/C to be marked as” Drawn under the L/c no.___________ Dated.__________ of Issuing Bank Name & Branch _______ & P.O no.______________ PO Dated___________”.
No consent from Advising bank / beneficiary is needed for the short acceptance of Bills due to discrepancy /short supply /rejections.
Confirmation /documentation / discrepancy charges, if any shall be on account of beneficiary (supplier) and the same will be deducted against the BOE /Draft.
   
   

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