APPLICATION FOR IRREVOCABLE LETTER OF CREDIT

Applicant hereby requests that Express Trade Capital, Inc. issue an irrevocable commercial letter of credit, or arrange for the issuance thereof by any of its agents, affiliates, subsidiaries, or correspondents, substantially in accordance with the information contained in this application and subject to the terms and conditions stated below and the Uniform Customs and Practice for Documentary Credits, 2007 Rev. (ICC Publication No. 600).
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LETTER OF CREDIT APPLICATION

  • APPLICANT CONTACT INFORMATION

  • LETTER OF CREDIT TERMS

  • PAYMENT TO BE MADE ONLY AGAINST PRESENTATION OF ALL DOCUMENTS DETAILED BELOW:

    • Commercial invoice in one (1) original and two (2) copies.
    • Packing list in one (1) original and two (2) copies.
    • Certificate of origin in one (1) original and two (2) copies.
    • 3 of 3 original Ocean Bill of Lading, plus 3 copies consigned to the order of the issuing bank and marked
    Notify: Express Trade Capital, Inc., 1410 Broadway, Floor 26, New York, NY 10018
  • Please provide a detailed description of the required documents:
  • All documents except drafts and bills of lading must be in the name of:
  • Please provide a detailed description of the goods being shipped:
  • TERMS & CONDITIONS

    1. Upon acceptance of this Application and prior to issuance of a Letter of Credit by Express Trade Capital, Inc. (“Express”), Applicant unconditionally and irrevocably agrees to pay Express or its assigns, in immediately available funds, all opening fees and commissions agreed upon between the Applicant and Express. Applicant likewise agrees to pay Express or its assigns, in immediately available funds, for any and all drafts drawn against the Letter of Credit and presented to Express for payment, along with any and all fees in the amounts agreed upon between the parties, regardless of whether the draft was made in conformance with the terms of the Letter of Credit or whether the draft was accepted and paid after Applicant’s oral or written approval of discrepancies. Applicant unconditionally agrees that unless Express decides otherwise in its sole discretion, no draft drawn against a Letter of Credit shall be approved for payment until Applicant indefeasibly pays Express the full amount of the
    2. Upon acceptance of this Application and prior to issuance of a Letter of Credit by Express Trade Capital, Inc. (“Express”), Applicant unconditionally and irrevocably agrees to pay Express or its assigns, in immediately available funds, all opening fees and commissions agreed upon between the Applicant and Express. Applicant likewise agrees to pay Express or its assigns, in immediately available funds, for any and all drafts drawn against the Letter of Credit and presented to Express for payment, along with any and all fees in the amounts agreed upon between the parties, regardless of whether the draft was made in conformance with the terms of the Letter of Credit or whether the draft was accepted and paid after Applicant’s oral or written approval of discrepancies. Applicant unconditionally agrees that unless Express decides otherwise in its sole discretion, no draft drawn against a Letter of Credit shall be approved for payment until Applicant indefeasibly pays Express the full amount of the
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