Terms for payment by documentary credit

TERMS FOR PAYMENT BY DOCUMENTARY CREDIT AT 90 DAYS AFTER SIGHT


1) D/C must be opened irrevocably by SWIFT payable at 90 days after shipment date to the bank specified below.
D/C must allow T/T reimbursement.
D/C must be confirmed (by the bank specified below).

2) All banking charges must be for the account of the applicant.

3) Terms of delivery: Ex warehouse Copenhagen, Denmark.
 

4) Transshipment and partial shipments must be allowed.
 

5) Period of presentation: Minimum 10 days.
 

6) Interest will be charged from receipt of the D/C until the value date of payment to the auction house. It must be a condition under the D/C that this interest amount may be drawn in excess of the D/C amount.

7) Shipment by air freight: Copy of house airway bill required
Shipment by truck: Copy of forwarding agent’s certificate of receipt required
 

8) Banks required:
Nordea Bank Danmark A/S
Trade Finance
P.O. Box 850
DK-0900 Copenhagen C
SWIFT: NDEADKKK

 

Please state invoice number(s) in the D/C terms.

 

D/Cs must be opened according to Uniform Customs and Practice UCP 600.

 

Approved banks

 

SWIFT

KOREA

KOEXKRSE

Keb Hana Bank

CZNBKRSE

Kookmin Bank

KODBKRSE

Korea Development Bank, Seoul

SHBKKRSE

Shinhan Bank

SCBLKRSE

Standard Chartered Bank Korea Ltd

KODBKRSE

The Korea Development Bank

HVBKKRSE

Woori Bank

 

SWIFT

CHINA

ABOCCNBJ

Agricultural Bank Of China

BKCHCNBJ

Bank Of China

COMMCNSH

Bank Of Communications Co.,ltd

PCBCCNBJ

China Construction Bank Corporation

CMBCCNBS

China Merchants Bank

ICBKCNBJ

Industrial & Commercial Bank Of China

 

TERMS FOR PAYMENT BY DOCUMENTARY CREDIT

1) D/C must be opened irrevocably by SWIFT payable at sight to the banks specified below.
D/C must allow T/T reimbursement.

D/C must be confirmed (by the bank specified below).
2) All banking charges must be for account of applicant.

3) Terms of delivery: Ex warehouse Copenhagen, Denmark.

4) Transshipment and partial shipments must be allowed.

5) Period of presentation: Minimum 10 days.

6) It must be a condition under the D/C that interest from prompt-day until value date of payment to the auction house may be drawn in excess of the D/C amount.

7) Shipment by air freight: Copy of house airway bill required
Shipment by truck: Copy of forwarding agent's certificate of receipt required

8) Bank required:

Nordea Bank Danmark A/S
Trade Finance
P.O. Box 850
DK-0900  Copenhagen C
SWIFT: NDEADKKK
  
Please state invoice number(s) in the D/C terms.

D/Cs must be opened according to Uniform Customs and Practice UCP 600.