1）EXTRA COPY/PHOTOCOPY SET OF SHIPPING DOCUMENTS MUST BE PRESENTED FOR ISSUING BANK'S RETENTION. OTHERWISE, USD11110 WILL BE DEDUCTED FROM THE PROCEEDS.
2)DISCREPANCY FEE OF $55 WILL BE DEDUCTED FROM THE PROCEEDS FOR EACH SET OF DISCREPANT DOCUMENTS
3) IF DOCUMENTS PRESENTED UNDER THIS L/C ARE FOUND TO BE DISCREPANT, WE SHALL GIVE ITS NOTICE OF REFUSAL AND SHALL HOLD DOCUMENTS AT YOUR DISPOSAL SUBJECT TO THE FOLLOWING CONDITIONS:
IF WE HAVE NOR RECEIVED YOUR DISPOSAL INSTRUCTIONS FOR THE DISCREPANT DOCUMENTS PRIOR TO RECEIPR OF THE APPLICANT'S WAIVER OF DISCREPANCIES, WE SHALL RELEASE THE DOCUMENTS TO THE APPLICANT WITHOUT NOTICE TO YOU.
4)B/L DATED PRIOR TO THIS CREDIT NOT ACCEPTABLE
NTS ACCEPTABLE EXCEPT DRAFT AND INVOICE
5) BY PAYMENT FOR 40% OF INVOICE VALUE UPON PRESENTATION OF FINAL ACCEPTANCE CERTIFICATE DULY SIGNED AND STAMPED BY THE BUYER. PAYMENT WILL BE EFFECTED TO NEGOTIATING BANK .
