Letter of Credit Instructions
Dear Valued Customer:
Below are instructions provided to avoid any delays in processing and shipping your order, and must be followed precisely.
Failure to comply with this format will result in unnecessary delays of your shipment and potentially a complete rejection of your Letter of Credit. The dates for latest ship and expiration are not an indication of our ability to provide product in a timely fashion. Dates are merely installed as a safety precaution to avoid shipment delays and expense of additional amendments.
Please do not shorten the dates.
Please issue an irrevocable documentary letter of credit (subject to UCP 500) by cable with the following terms and conditions:
| Credit is to be directly advised to: | Bank of America – Trade Services Department |
| One Fleet Way, Scranton, PA 18507 | |
| SWIFT ID: BOFAUS3N | |
| Beneficiary: | Diamond Diagnostics Inc. |
| 333 Fiske Street, Holliston, MA 01746 | |
| Account No. 000054239887 Bank ABA Routing No. 026009593 | |
| Confirmation: | Required |
| Amount: | USD as per Proforma Invoice |
| Payment Terms: | 30 Days AWB |
| Bank Charges: | Inside & Outside Country of Applicant to be charged to applicant |
| Drawee Bank: | Drafts Drawn on Bank of America, Charlotte, NC |
| Tenor: | See Other Terms |
| Latest Shipment: | 90 days from date of L/C issuance |
| Expiration Date: | 120 days from date of L/C issuance |
| Presentation: | Documents must be presented no later than 21 days from AWB |
| Partial Shipments: | Permitted |
| Transshipment: | Permitted |
| Transferable: | No |
| 3rd Party Documents: | Not Applicable |
| Merchandise: | Instruments per Proforma Invoice |
| Shipping Terms: | CIP City, Country (as per Proforma Invoice) |
| Airports/Harbor: | Origin: Any US or European Airport/Port |
| Destination: City, Country (as per Proforma Invoice) | |
| Insurance: | Paid by Beneficiary |
| Freight: | Paid by Beneficiary |
| Forwarder: | As Specified per Proforma Invoice |
| Documents: | Commercial Invoice: 1 Original, 5 Copies |
| Packing List: 1 Original, 2 Copies | |
| Air Waybill: 1 Original, 1 Copy | |
| Insurance Policy/Certificate: 1 Original, 1 Copy |
Additional Note:
Please make sure the following statement shows on the letter of credit: “All Bank Charges and related communications, legalization, consular and all handling charges and costs incurred, inside and outside of the applicant’s country, is for and to be charged to the account of the applicant”
If you have any questions, please feel free to contact Accounts Receivable at +1 (508) 429-0450 x310, by fax at +1 (617) 468-4514 or by email: ar@diamonddiagnostics.com