Dr.

Gaur Hari Singhania Institute of

Management
DPLGT Assignment

Submitted to: Prepared by:

Dr. Kumar Milind Singh Siddarth Jain
Important things to look for in the LC:

1. If LC is irrevocable: Yes

2. Date of Issue: November 27th, 1999

3. Date and Place of Expiry: January 22nd, 2000. India

4. Last date of Shipment: N/A

5. Issuing Bank: Republic National Bank of New York, Letter of Credit Division, Dli Nville Avenue,
New York 10467

6. Issuing Bank Reference: 62340

7. Confirming Bank: ANZ Grindlays Bank, International Dept., H Block Connaught Circus, New Delhi,
India

8. Confirming Bank Advice Number: N/A

9. Beneficiary’s Name & Address: M.N. Exporters, E-120, Okhla Industrial Area, New Delhi, India
110019
10. Applicant’s Name & Address: Praveena Stores Inc., 1324 Max Avenue, Bronx, NY 10467
11. Currency and Amount: USD 15,000.00
12. Description of Goods/Services: Ladies Coordinate Dress - per sample - E-UNIT NO. 600-0103-001
13. Quantity: 300
14. Documents Requested:
Airway bills consigned and marked ‘freight prepaid’
Signed commercial invoices in original and 5 copies
Packing list in 6 copies
GSP Certificate of Origin (Form A) 1 copy
Commercial Visa 2 copies
15. Payment Terms: At Sight
16. Incoterms: CFR, New York
17. Port of Loading: New Delhi, India
18. Port of Discharge: New York
19. Letter of Credit Fees: Unless specified, all charges other than ours are for account of credit
number of Issuing bank, 62340
20. Insurance: Covered by buyer
21. Presentation Period: Within 5 days after date of issuance of transport documents but within
validity of the credit
22. Partial Shipments: Not Allowed
23. Transshipment: Not Allowed
24. Non-documentary conditions: Special handling charge of $40.00 for each set of documents
presented if they contain discrepancies
25. Country of LC: US