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Payment Procedure

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.

Bill Clause

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.

SiATEX - Apparel Manufacturing Specialist

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