INCOTERMS

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INCOTERMS

International Commercial Terms

Please find the SUMMERY at first (you will get the details at below)

Group          Term             Stands for

 E                 EXW              Ex Works

 F                 FCA               Free Carrier

                    FAS               Free Alongside Ship

                    FOB               Free On Board

C                  CFR               Cost and Freight

                     CIF               Cost. Insurance and Freight

                     CPT              Carriage Paid To

                     CIP               Carriage and Insurance Paid To

D                   DAF             Delivered At Frontier

                     DES              Delivered Ex Ship

                     DEQ              Delivered Ex Quay

                     DDU             Delivered Duty Unpaid

                     DDP              Delivered Duty Paid

The INCOTERMS (International Commercial Terms) is a universally recognized set of definitions of international trade terms, such as FOB, CFR and CIF, developed by the International Chamber of Commerce (ICC) in Paris, France.

It defines the trade contract responsibilities and liabilities between buyer and seller. It is invaluable and a cost-saving tool. The exporter and the importer need not undergo a lengthy negotiation about the conditions of each transaction. Once they have agreed on a commercial term like FOB, they can sell and buy at FOB without discussing who will be responsible for the freight, cargo insurance, and other costs and risks.

Group         Term                     Stands for

 E                EXW                      Ex Works

EXW   {+ the named place}

Ex Works

Ex means from & Works means factory, mill or warehouse, which is the seller’s premise.

EXW applies to goods available only at the seller's premises. Buyer is responsible for loading the goods on truck or container at the seller's premises, and for the subsequent costs and risks.

In the quotation, indicate the named place (seller's premises) after the acronym EXW, for example EXW Gazipur or EXW Naraynganj.

Group          Term                     Stands for

 F                  FCA                       Free Carrier

                     FAS                       Free Alongside Ship

                     FOB                       Free On Board

FCA   {+ the named point of departure}

Free Carrier

The delivery of goods on truck, rail car or container at the specified point (depot) of departure, which is usually the seller's premises, or a named railroad station or a named cargo terminal or into the custody of the carrier, at seller's expense. The point (depot) at origin may or may not be a customs clearance center. Buyer is responsible for the main carriage/freight, cargo insurance and other costs and risks.

In the air shipment, technically speaking, goods placed in the custody of an air carrier is considered as delivery on board the plane. In practice, many importers and exporters still use the term FOB in the air shipment.

The term FCA is also used in the RO/RO (roll on/roll off) services.

In the export quotation, indicate the point of departure (loading) after the acronym FCA, for example FCA Hong Kong and FCA Seattle.

Some manufacturers may use the former terms FOT (Free On Truck) and FOR (Free On Rail) in selling to export-traders.

FAS   {+ the named port of origin}

Free Alongside Ship

Goods are placed in the dock shed or at the side of the ship, on the dock or lighter, within reach of its loading equipment so that they can be loaded aboard the ship, at seller's expense. Buyer is responsible for the loading fee, main carriage/freight, cargo insurance, and other costs and risks.

In the export quotation, indicate the port of origin (loading) after the acronym FAS, for example FAS New York and FAS Bremen.

The FAS term is popular in the break-bulk shipments and with the importing countries using their own vessels.

FOB   {+ the named port of origin}

Free On Board

The delivery of goods on board the vessel at the named port of origin (loading), at seller's expense. Buyer is responsible for the main carriage/freight, cargo insurance and other costs and risks.

In the export quotation, indicate the port of origin (loading) after the acronym FOB, for example FOB Vancouver and FOB Shanghai.

Under the rules of the INCOTERMS 1990, the term FOB is used for ocean freight only. However, in practice, many importers and exporters still use the term FOB in the air freight.

In North America, the term FOB has other applications. Many buyers and sellers in Canada and the U.S.A. dealing on the open account and consignment basis are accustomed to using the shipping terms FOB Origin and FOB Destination.

FOB Origin means the buyer is responsible for the freight and other costs and risks. FOB Destination means the seller is responsible for the freight and other costs and risks until the goods are delivered to the buyer's premises, which may include the import customs clearance and payment of import customs duties and taxes at the buyer's country, depending on the agreement between the buyer and seller.

In international trade, avoid using the shipping terms FOB Origin and FOB Destination, which are not part of the INCOTERMS (International Commercial Terms).

Group          Term             Stands for

C                  CFR               Cost and Freight

                    CIF                Cost. Insurance and Freight

                    CPT               Carriage Paid To

                    CIP               Carriage and Insurance Paid To

CFR   {+ the named port of destination}

Cost and Freight

The delivery of goods to the named port of destination (discharge) at the seller's expense. Buyer is responsible for the cargo insurance and other costs and risks. The term CFR was formerly written as C&F. Many importers and exporters worldwide still use the term C&F.

In the export quotation, indicate the port of destination (discharge) after the acronym CFR, for example CFR Karachi and CFR Alexandria.

Under the rules of the INCOTERMS 1990, the term Cost and Freight is used for ocean freight only. However, in practice, the term Cost and Freight (C&F) is still commonly used in the air freight.

CIF   {+ the named port of destination}

Cost, Insurance and Freight

The cargo insurance and delivery of goods to the named port of destination (discharge) at the seller's expense. Buyer is responsible for the import customs clearance and other costs and risks.

In the export quotation, indicate the port of destination (discharge) after the acronym CIF, for example CIF Pusan and CIF Singapore.

Under the rules of the INCOTERMS 1990, the term CIF is used for ocean freight only. However, in practice, many importers and exporters still use the term CIFin the air freight.

CPT   {+ the named place of destination}

Carriage Paid To

The delivery of goods to the named place of destination (discharge) at seller's expense. Buyer assumes the cargo insurance, import customs clearance, payment of customs duties and taxes, and other costs and risks.

In the export quotation, indicate the place of destination (discharge) after the acronym CPT, for example CPT Los Angeles and CPT Osaka.

CIP   {+ the named place of destination}

Carriage and Insurance Paid To

The delivery of goods and the cargo insurance to the named place of destination (discharge) at seller's expense. Buyer assumes the import customs clearance, payment of customs duties and taxes, and other costs and risks.

In the export quotation, indicate the place of destination (discharge) after the acronym CIP, for example CIP Paris and CIP Athens.

Group          Term             Stands for

 D                 DAF                Delivered At Frontier

                     DES                Delivered Ex Ship

                     DEQ                Delivered Ex Quay

                     DDU                Delivered Duty Unpaid

                     DDP                Delivered Duty Paid

DAF   {+ the named point at frontier}

Delivered At Frontier

The delivery of goods to the specified point at the frontier at seller's expense. Buyer is responsible for the import customs clearance, payment of customs duties and taxes, and other costs and risks.

In the export quotation, indicate the point at frontier (discharge) after the acronym DAF, for example DAF Buffalo and DAF Welland.

DES   {+ the named port of destination}

Delivered Ex Ship

The delivery of goods on board the vessel at the named port of destination (discharge), at seller's expense. Buyer assumes the unloading fee, import customs clearance, payment of customs duties and taxes, cargo insurance, and other costs and risks.

In the export quotation, indicate the port of destination (discharge) after the acronym DES, for example DES Helsinki and DES Stockholm.

DEQ   {+ the named port of destination}

Delivered Ex Quay

The delivery of goods to the quay (the port) at destination at seller's expense. Seller is responsible for the import customs clearance and payment of customs duties and taxes at the buyer's end. Buyer assumes the cargo insurance and other costs and risks.

In the export quotation, indicate the port of destination (discharge) after the acronym DEQ, for example DEQ Libreville and DEQ Maputo.

DDU   {+ the named point of destination}

Delivered Duty Unpaid

The delivery of goods and the cargo insurance to the final point at destination, which is often the project site or buyer's premises, at seller's expense. Buyer assumes the import customs clearance and payment of customs duties and taxes. The seller may opt not to insure the goods at his/her own risks.

In the export quotation, indicate the point of destination (discharge) after the acronym DDU, for example DDU La Paz and DDU Ndjamena.

DDP   {+ the named point of destination}

Delivered Duty Paid

The seller is responsible for most of the expenses, which include the cargo insurance, import customs clearance, and payment of customs duties and taxes at the buyer's end, and the delivery of goods to the final point at destination, which is often the project site or buyer's premises. The seller may opt not to insure the goods at his/her own risks.

In the export quotation, indicate the point of destination (discharge) after the acronym DDP, for example DDP Bujumbura and DDP Mbabane.

(Collected) 


Thanks

Bipul

How do calculate button ligne from mm

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How do calculate button ligne from mm (milimetre)

If Button length (dia) is 12.7 mm then Button ligne will be ?

Rule:

Button dia (in mm) / 0.635 = button ligne

12.7 mm / 0.635 = 20 L        (L = ligne )

Result = 20 L 


Chart of button ligne (mm to ligne)

Thanks & best regards

Bipul

Metamerism problem (color shading) in dyeing.

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Dear All,

In this apparel sector very often we face many critical problems. Fabric color shade matamerism is most common of them. 

Matamerism inside the fashion marketplace is a situation, any time gentle displays from tinted textiles in a way that accually adjustments that the human being's eye recognizes the colour.

Such as, Easily designed a blue raise polo top and i also desired the actual ribbed knit collar and also sleeve cuffs to be the same color because the remainder of clothing (Raise knit) , I'd must adjust the levels of reddish as well as eco-friendly inside the glowing blue color used in the actual twine sorts used to increase the risk for two diverse knits , so the a couple of materials matched the other person in phosphorescent mild, sunshine, tungsten light (regular interior house bulb) as well as halogen gentle (track lighting art galleries utilize.

When we just authorized color modifications for your a couple of knits to complement beneath fluorescent lighting then when the actual top had been put down in stores, (which have halogen illumination), the METAMERISM might take place and also the collar and also sleeve cuffs will look or reflect merely the purple/blue chemicals in the dye as the Raise entire body appears or even demonstrates the particular green/blue chemicals in the dye.

If the shirt is actually outdoors on the person it may be thus spectacular an improvement how the individual results the shirt and a lot of revenue could be lost.

One of the most difficult METAMERISMS occur when attempting to be able to, "dye in order to match", two different types of textiles. 100 % cotton and Plastic certainly are a combo in which almost always have METAMERISM issues. You'll hardly ever observe these two collectively since coordinating colored fabrics.

Hints : dyeing shade variation, color reflect, cotton yarn, nylon yarn, lab dip, merchandising.

Thanks
Bipul

KNITTING CALCULATIONS

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The knitted fabric is made with the help of yarn loops. Yarn of different counts is used to produce fabric of different grammage. There is also a need to calculate optimum production of knitting machines. It is the job of knitting manager to do certain calculation for proper use of machines and production of fabric according to the demands of the customer.

Your knitted fabric is made with assistance from yarn loops. Yarn of various matters is employed to generate cloth of various grammage. There is also a have to compute perfect creation of crochet equipment. Oahu is the work regarding travel manager to perform certain formula pertaining to proper using devices along with the manufacture of fabric in line with the calls for of the consumer.

Most suitable count for knitting machines

As we know needle hook has to take yarn to convert it into a loop and finally latch has to close the needle hook so that the loop is properly held by the needle hook and ultimately this helps in passing the new loop through the previously held loop. It is clear from this explanation that there should be a proper balance between needle hook size and the thickness of the yarn or filament. If the yarn is thicker than needle hook then there will a chance that the needle hook will not able to hold this loop and consequently there will be a small hole in the fabric. If the situation is reversed, means the yarn is thinner than the size of the needle hook then the fabric produced will look like a net. Both situations are not wanted. This situation demands a balance between needle hook size and count of yarn. It is worth to note that needle hook size depends upon the machine gauge. Furthermore for different garments, fabric of different grammage is required. Every time knitter has to decide about the yarn count. There are many ways for the selection of proper count. In the following lines we will discuss most common methods to select count for different machines of different gauge. It is also important to note that selection of yarn counts also depends upon the machine manufactures and type of machines, like, single and double knit machine. However a general guideline will be given hereunder.


As a thumb rule knitting experts prefer to use such knitting machine whose gauges is near to count of yarn (English count) i.e. For 20-gauge machines most suitable yarn count is 20s. This rule has certain limitations, like, for 28-gauge yarn of 26s to 30s is more suitable. But for very fine counts this rule is not applicable and also machines have maximum gauge 32. Normally fine counts are not used as such rather they are made double, like count 60s double, which means that net count is near to 30s. And this 60 double count is suitable for 30-gauge machine.


To solve this problem some authors have suggested following formulas.



For single Knitting Machine


= Suitable count = G*G/18


For Double knitting machine


Suitable count= G*G/8.4


Where G is the gauge of knitting machine



Some knitting machine manufacturers suggest a range of yarn count for their machine. There is another way to solve this problem and that is to take help from old records. Every firm is producing many types of fabrics and on the basis of the experience they develop a database for ready reference. In the following line we give a table for guidance (table is under construction). One can get a ready reference from the table to produce the fabric of certain grammage. We are also giving expected width of fabric after wet processing. This table can provide just a reference. Knitters have to decide by themselves after doing a trial production, since there are many more factors, which can affect yarn and gauge selection process.


Knitting Machine Parameters


Every knitting machine is made to fulfil certain demands of the customer. There are a number of characteristics of the machine which are intimated by the machine manufacturers while delivering the machine to customers/users. It is helpful for the user to be well aware about these parameters. Furthermore machine specifications are given in different unit. We will explain these parameters and will also give the conversion factors to convert parameters from one system to another.



Machine Gauge


As per Oxford Dictionary the word “gauge” is a noun and as well as verb. It is used to measure levels of anything or for an instrument to measure width, length or height of anything. In knitting it is used to express the number of needles in a unit length of the needle bed. This needle bed may flat or circular. In double knit circular machine it is used for cylinder and as well as dial. Generally gauge is defined as number of needles per inch. According to German standard DIN 60917 (Iyer et al1995) alphabet “E “ is used to denote knitting machine gauge.


E = Number of needles,

1 inch (25.4 mm)


Machine Pitch

As per German DIN 62125 (Iyer et al1995) the notation “gauge” is to be avoided in the future. Rather they prefer to use notation “pitch” for comparison purpose. Machine Pitch means the distance between the centers of two neighboring needles. It is denoted with small “t”. It is given in mm.


Thanks

How The Sewing Machine Works ?

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The Sewing Machine Works 

The Loop Stitch

The loop stitch approach is very different from ordinary hand-sewing. In the simplest hand stitch, a length of thread is tied to a small eye at the end of a needle. The sewer passes the needle and the attached thread all the way through two pieces of fabric, from one side to the other and back again. In this way, the needle runs the thread in and out of the fabric pieces, binding them together.

While this is easy enough to do by hand, it is extremely difficult to pull off with a machine. The machine would have to release the needle on one side of the fabric just as it grabbed it again on the other side. Then it would have to pull the entire length of loose thread through the fabric, turn the needle around and do the whole thing in reverse. This process is way too complicated and unwieldy for a simple machine, and even by hand it only works well with short lengths of thread.

Instead, sewing machines pass the needle only part-way through the fabric. On a machine needle, the eye is right behind the sharp point, rather than at the end.

The needle is fastened to the needle bar, which is driven up and down by the motor via a series of gears and cams (more on this later).

When the point passes through the fabric, it pulls a small loop of thread from one side to the other. A mechanism underneath the fabric grabs this loop and wraps it around either another piece of thread or another loop in the same piece of thread.

There are actually several different types of loop stitches, and they all work a little differently.

Chain Stitch
The simplest loop stitch is the chain stitch. To sew a chain stitch, the sewing machine loops a single length of thread back on itself. You can see how one version of this stitch works in the diagram below.

For Details Animated View Click here :  How the Chain stitch work

The fabric, sitting on a metal plate underneath the needle, is held down by a presser foot. At the beginning of each stitch, the needle pulls a loop of thread through the fabric. A looper mechanism, which moves in synch with the needle, grabs the loop of thread before the needle pulls up. Once the needle has pulled out of the fabric, the feed dog mechanism (which we'll examine later) pulls the fabric forward.

When the needle pushes through the fabric again, the new loop of thread passes directly through the middle of the earlier loop. The looper grabs the thread again and loops it around the next thread loop. In this way, every loop of thread holds the next loop in place.

The main advantage of the chain stitch is that it can be sewn very quickly. It is not especially sturdy, however, since the entire seam can come undone if one end of the thread is loosened. Most sewing machines use a sturdier stitch known as the lock stitch. You can see how the typical lock-stitch mechanism works in the animation below.

For Details Animated View Click here :  How the Lock stitch work 

The most important element of a lock-stitch mechanism is the shuttle hook and bobbin assembly. The bobbin is just a spool of thread positioned underneath the fabric. It sits in the middle of a shuttle, which is rotated by the machine's motor in synch with the motion of the needle.

Just as in a chain-stitch machine, the needle pulls a loop of thread through the fabric, rises again as the feed dogs move the fabric along, and then pushes another loop in. But instead of joining the different loops together, the stitching mechanism joins them to another length of thread that unspools from the bobbin.

When the needle pushes a loop through the thread, the rotary shuttle grips the loop with a hook. As the shuttle rotates, it pulls the loop around the thread coming from the bobbin. This makes for a very sturdy stitch.

In the next section, we'll see how the sewing machine moves all of these components in synch.

Collected from a Web Site.

Thanks

Price Break Down For Polo Shirt

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Today we will learn how to calculate the price of a Polo Shirt.

Description : 100% cotton pique polo shirt with two button at front placket w/o any pocket.

At first we will calculate the consumption of body fabric from Size spec which we have got from the buyer. (For calculate the fabric consumption see my others post).

Suppose :
i)  The body fabric consumption is 4.05 kg / dozen
    So, total yarn consumption will be = 4.05 + 9%
                                                        = 4.05 + 0.3645
                                                        = 4.41 kg / dozen

ii)  The current yarn price is $4.00/kg

iii) The current Pique knitting cost is $0.20/kg (Knitted by
     circular knit S/J M/c)

iv) Average color dyeing cost is $1.21 / kg

v)  Normally Collar & cuff consumption is 60 gram/body
     (1 pc collar & 2 pcs cuff)
     So,
     for 12 pcs it will be - 0.06 X 12 + 9%  = 0.78 kg / dozen

vi) Collar & cuff Knitting cost is $0.05 (knitted by flat
     knitting m/c)
---------------------------------------------------------------

Now start costing


1st step
Body fabric cost calculation:

Yarn price / kg       = $4.00
Knitting cost /kg     = $0.20
Dyeing cost / kg      = $1.21
_____________________
Finished fabric cost = $5.41

2nd Step
Collar & cuff cost calculation:

Yarn cost/Doz      =  0.78 X $4.00  = $3.12
Knitting cost/Doz  = $0.05 X 12      = $0.60
Dyeing cost          =  0.78 X $1.21  =  $0.94
___________________________________
Collar & Cuff cost / Doz                  = $4.66

3rd Step
Total production cost:

Body fabric cost  ( 4.41 kg X $5.41)    = $23.86 / Doz
Collar & Cuff cost                                =  $4.66 / Doz
CM                                                      =  $6.00 / Doz
Accessories Cost                                 =   $3.00 / Doz
__________________________________________
Total production cost:                       =  $37.52 / doz

Final Step 

Fob pricing of per piece polo shirt:

Total production cost :                     = $37.52 / doz

Commercial cost will be (3%)          =  $0.95 / doz (Except CM)

Profit will (20% of CM)                   =  $1.20 / doz 

_________________________________________

Total FOB price (doz)                     = $39.67 / doz

Fob price per piece will be               = $3.3058 / pc

Final quoted price for buyer    = $3.35 / pc (FOB)

There is several rules to quote the prices. Many others people may not be agree with my these step.But you may follow these step to quote the price. 

Hope this will help you. 

Thanks 

BIPUL

Machine Wise Sewing Thread Consumption PER Inch

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From this post you will get information regarding the sewing thread consumption depending on type of Machine :

Machine Name   Classification    Require thread/inch
Plain Machine,        1 Needle,                   2.5"  
Plain Machine         2 Needle                     5"
Over lock               3 Thread                  13.25"
Over lock               4 Thread                  16.75"
Over lock               5 Thread                  18.75"
Flat lock                 3 Thread                  16.75"
Flat lock                 5 Thread                  22.25"
     
Bar tack stitching                          7" Generally P/Operation

Button hole stitching                     7" Generally Per Hole

Button Attaching (2 hole)                 3" Per button
Feed of the ARM                           7" For one needle
Kanchai Stitching                          7" For one needle
Back Tape Stitching                      7" For one needle

After this you must include another 25% sewing thread before place the work order.

Thanks & regards
Bipul

How do find out the collar measurement?

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If you have no idea that, what will be the collar length of your Polo shirt. Then pls follow the below instruction.

At first you need the following information :

i) Neck width of the polo shirt. (Suppose it is 22 cm)  
ii) F/neck drop. (Suppose it is 4 cm)

Rule:
= (((Neck width + Neck drop ) X 2) -3)-12.5%

= (((22+4)X2)-3)-12.5%

= ((26X2)-3)-12.5%

= ((52)-3)-12.5%

= (49)-12.5%

= 42.9 cm

In this regards pls note that, it is not any unique rule. There are also many rules for that.
Hope it will help you.

Thanks & best regards
BIPUL

What Things You Must Know Before Starting Work With a New Buyer/Buying house?

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Dear All,

From my this post you will get a details list of information, which is very important for a merchandiser as well as factory before starting work with a new Buyer.

Þ   The buyer name & history.

Þ   Final destination or place of delivers the goods.

Þ   Buying house name (if any).

Þ   Payment terms (L/C   or TT   or Contact).

Þ    If L/c then, the Payment Condition at sight or deferred.

Þ   If deferred then, 60 days or 90 days or any other.

Þ   Price will be in FOB or CIF?

Þ   Is the price will be including buying commission or w/o commission?

Þ    Who will inspect the goods?

Þ   If third party then who will be pay the inspection charge?

Þ   Original art work with styling details or Scan copy must be needed.

Þ   Actual & latest size specs with all the sizes which qty in purchase order / order sheet.

Þ   Fabrications details (Composition, Type, Gsm, Peach/sweated, Enzyme/silicon   or any other additional requirement).

Þ   Additional fabric details (Appliqué etc, if any).

Þ   Wash garments or w/o wash (if then washing details).

Þ   Print details including dimension & placement. Such as pigment/rubber/flock/foil etc (if any).

Þ   Embroidery details (Normal stitch, appliqué, Badge etc, if any).

Þ   Test requirement details (Azo or any others, if any).

Þ   Order qty, if possible color wise (Approximately).

Þ   Maximum body color (Approximately).

Þ   Size wise qty ratio (%) = S/? %, M/? %, L/ ? % etc.

Þ   Stripe repetition details with color (for yarn dyed).

Þ   Viscose percentage for Grey mélange & Polyester percentage for cvc or pc

Þ   Probable delivery date.

Pls note that, it is not compulsory that, you will get all the above information from your buyer at the very beginning, but pls try to get above information since the beginning from your buyer.

These information will help you many ways in future to continue work smoothly with the following Buyer.

Pls let me know your opinion.

Thanks and best regards

Bipul

What will be the Looks of A Standard L/c Format ?

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DRAFT OF A L/C TEXT

40A:    Form of Documentary Credit

            IRREVOCABLE, CONFIRMED, TRANSFERABLE

20:       /Documentary Credit Number

31C:    /Date of Issue:

31D:    /Date and Place of Expiry:

51:       /Applicant Bank

50:       /Applicant

59:       /Beneficiary:

32B:    Currency Code, Amount:

            UNITED STATES DOLLARS

39A:    Percent Credit Amount Tolerance: 05/05

41D:    /Available With .. By …:

42C:    /Drafts at :

            AT SIGHT

42D:    Drawee:

43P:    /Partial Shipment

            ALLOWED

43T:    /Transshipment:

            PROHIBITED

44A:    /Loading on Board/Dispatch/Taking in Charge At/From…Port:

44B:    /For Transportation To:

            ASWP

44C:    /Latest Date of Shipment

(45 DAYS FROM THE DATE OF RECEIPT IN THE BENIFICIARY BANK)

45A:    /Description of goods and / or Services :

            TOTAL QUANTITY:

46A:    /Documents Required:

DRAFT TO BE DRAWN AT SIGHT ON US BEARING THE CLAUSE DRAWN UNDER L/C

NO………………….ALONG WITH THE FOLLOWING :

1.      Signed Commercial invoice in one original and Three copies quoting our L/C no. and date

2.      Full set (3/3) of clean on board ocean bill of Lading made out the order of ………….and notify ………….. and marked freight pre-paid.

3.      Certificate of inspection issued by Societe General De Surveillance on quality, quantity, weight and supervision of lading at load port in 3 original.

4.      Certificate of Origin Issued by a chamber of commerce from the country of origin

5.      Packing List in three copies

47A:    /Additional Conditions :

1.      PLUS/MINUS 5 PCT IN QUANTITY AND VALUE IS ACCEPTABLE

2.      ONE SET OF SHIPPING DOCUMENTS IS TO BE FAXED TO L/C APPLICANT FAX NO. ………………. WITHIN 5 DAYS FROM THE DATE OF SHIPMENT

3.      THIRD PARTY DOCUMENTS ACCEPTABLE

4.      CHARTER PARTY B/L ACCEPTABLE

5.      ONLY DRAFT & INVOICE TO BEAR L/C REFERENCE. NO. OTHER DOCUMENT SHOULD BEAR L/C NUMBER, DATE OR NAME OF BANK ISSUING L/C.

6.      THE CREDIT IS SUBJECT TO ICC PUBLICATION 1993 REVISION BROCHURE NO. 500

71B:    /Charges :

ALL CHARGES OUTSIDE ………… , EXCEPT L/C CONFIRMATION CHARGES ARE ON ACCOUNT OF BENEFICIARY

48:       /Period for Presentation:

DRAFTS AND DOCUMENTS MUST BE PRESENTED FOR NEGOTIATION WITHIN 27 DAYS FROM B/L/DATE BUT WITHIN THE VALIDITY OF THE CREDIT

49:       /Confirmation Instructions :

            CONFIRM

53A:    Reimbursing Bank

78:       /Instructions to Paying / Accepting / Negotiating Bank :

            WE AUTHORISE YOU TO CLAIM REIMBURSEMENT FROM OUR ACCOUNT NO……………… WITH ……….. BANK IN ……… (CITY)

57A:    Advise through Bank

72:       Sender to receiver Information

            PLEASE ADVISE THIS CREDIT TO THE BENEFICIARY

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Thanks and best regards
Bipul