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PRESENTATION OF DOCUMENTS UNDER EXPORT LETTER OF CREDIT Date To: Emirates NBD Bank PJSC Dear Sirs, Sub: Presentation of documents under Export Letter of Credit Branch Account Title/ Name Account Number LC.

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A Letter of Credit is an arrangement whereby Bank acting at the request of a customer (Importer / Buyer), undertakes to pay for the goods / services, to a third party (Exporter / Beneficiary) by a given date, on documents being presented in compliance with the conditions laid down.

Letter of Credit Presentation Period Some letters of credit require a presentation period of seven days, some 15, etc. If the letter of credit does not state a presentation date, the exporter has 21 days ing to UCP Article 14c.

UCP 600 defines presentation period as 21 days. As per UCP 600, a presentation including one or more original transport documents subject to articles 19, 20, 21, 22, 23, 24 or 25 must be made by or on behalf of the beneficiary not later than 21 calendar days after the date of shipment.

Electronic presentation contains electronic documents including digitally signed e-bill of lading. Advising bank checks the documents. If documents require no correction then advising bank make the electronic presentation to the issuing bank. Issuing bank checks the documents.

Required LC Expiry Date means the day that is the ninety-first (91st) day following the Maturity Date of the Notes issued pursuant to the Loan Agreement. Required LC Expiry Date means the date which occurs thirty days after the Expiration Date.

But such documents have to be presented within the time limits set in the LC. If no such presentation time is laid down in the LC, branches will not accept the documents presented 21 days after date of shipment (Article 14i).

When the export bill is drawn under letter of credit arrangement, it is the duty of negotiating bank to scrutinize carefully whether all the documents required under L/C are presented and they are drawn in conformity to the terms of letter of credit.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232