Annexure Loc 6.pdf

Bank of Baroda 4th Floor, Bank of Baroda Building, Mumbai 27

ANNEXURE FORM

Message Text 1 1 IRREVOCABLE

Any Bank in INDIA

Allowed Not Allowed HAZIRA GANDHAR NAGOTHANE JAMNA SARIGAM VALSAD 2019-01-31

1.DRAFT AT 90 DAYS FROM THE DATE OF INVOICE FOR 100% INVOICE VALUE PLUS USANCE INTEREST @ 8.2 % FOR 60 DAYS OF USANCE PLUS APPLICABLE TAXES. 2. SIGNED INVOICE CUM CHALLAN IN ORIGINAL. 3.ORIGINAL CONSIGNEE RECEIPT (TANKER) ISSUED BY TRANSPORT OPERATOR IN THE NAME OF BANK OF BARODA CFS BR MUMBAI ON AC OF JBF INDUSTRIES LTD AND MARKED AS FREIGHT PAYABLE AT DESTINATION

1.ALL DOCUMENTS MUST BE IN ENGLISH. 2.ONLY BOE AND INVOICE WILL BEAR THE LC NO AND DATE. 3.DRAFT TO BE DRAWN ON LC OPENING BANK 4.ANY TYPOGRAPHICAL ERROR/SPELLING MISTAKE NOT AFFECTING FIGURE, AMOUNT, QUANTITY IS ACCEPTABLE AND THE SAME WOULD NOT CONSTITUTE A DISCREPANCY. 5.DOCUMENT DRAWN ON WORK ADDRESS OF BENEFICIARY/APPLICANT ARE ACCEPTABLE. 6.IF PAYMENT FALLS DUE ON SECOND OR FOURTH , SATURDAY, SUNDAY OR ANY BANK HOLIDAY THEN PAYMENT SHALL BE MADE ON THE PREVIOUS WORKING DAY. 7.THE NEGOTIATING BANK SHALL SEND COMPLETE SET OF DOCUMENT IN ONE LOT TO BANK OF BARODA MUMBAI. 8.INSURANCE IS COVERED BY APPLICANT. 9.ALL BANK CHARGES WITH RESPECT TO LC ISSUANCE COMMISSION, AMENDMENT CHARGES , ADVISING CHARGES , SIGNATURE VERIFICATION CHARGES , ACCEPTANCE OR CONFIRMATION CHARGES, RETIREMENT CHARGES, ARE FOR THE ACCOUNT OF APPLICANT EXCLUDING DISCOUNTING CHARGES WHICH IS ON ACCOUNT OF BENEFICIARY. 10.THE NEGOTIATING BANK IS AUTHORIZED TO DISCOUNT AND PRE-PAY TO BENEFICIARY UPON RECEIPT OF ACCEPTANCE FROM LC ISSUING BANK. SUCH PREPAYMENT WOULD BE WITHOUT ANY RECOURSE TO BENEFICIARY WHATSOEVER AND THE SAME WILL NOT BE BOOKED TO THE ACCOUNT OF BENEFICIARY BY NEGOTIATING BANK. DISCOUNTING INTEREST FOR SUCH PRE-PAYMENT IS TO THE ACCOUNT OF BENEFICIARY. 11. CREDIT AVAILABLE WITH ANY BANK IN INDIA BY NEGOTIATION.