Payment of L/C:
At sight as per negotiating bank’s instruction.
L/C Availability with/by:
Credit is available with any bank in Bangladesh by negotiation at sight.
Type of Documentary Credit:
Irrecoverable and transferable.
Full set clean on board original bill of lading issued to the order of negotiating bank and endorsed by the same bank in favour of L/C opening bank and marked freight collect or pre-paid.
Presentation of Documents:
21 days from the date of bill of lading.
ICC Publications No:
L/C must be subject to UCPDC 1993 revision ICC.