Usance l/c

Credit No:____________	Date: _{______________}
Amount______________ (Rupees __________________________) (valued can be overdrawn to the extent of discounting charges interest if any)
Validity (I) For dispatch :___________ (II) For negotiation _________ Expire at Bhubaneswar
Tenor :	Days from the date of dispatch (at the option of the beneficiary the bills can be discounted as sight LC by the negotiating bank who will be reimburse .The Bill value with Discounting charges etc. on the maturity of the usance period.)
Beneficiary	National Aluminium Company Limited Nalco Bhavan, Plot No: P/1 Nayapalli Bhubaneswar-751013
Applicant	_{______________________________________________}
Sales Tax Regn No. & Date of Applicant	____________________________
Advising & Negotiating Bank	State Bank Of India, Nalco, Corporate office branch, Bhubaneswar (Branch Code –9817) Datanet No: 0674-301580 fax No: 0674-300263
A) Dispatch instructions :
1) Material Required:	NALCO BRAND EC/CGALMUNIUM INGOTS/WIRE RODS/SOW INGOTS/BILLETS/CAST STRIP
2) Consignment to be sent from	Nalco Nagar. Angul.
3) Destination(s)	I ) __________________ II) ___________________
4) Nominated Transporter(s) :	I) __________________ II ) _________________
5) Transshipment and Partial Shipment	Allowed
B) Documents called for 1) Invoice in duplicate
2) Consignee copy of LR/RR issued by nominated TRANSPORTER MADE OUT IN THE NAME OF OPENING BANK ACCOUNT CONSIGNEE (IF ANY) ACCOUNT OPENER MARKED FREIGHT TO PAY.
c) SPECIAL INSTRUCTION
1) Invoice is to be raised by the beneficiary at its prices straturory levies and other charges as applicable on the date of dispatch including railways freight in case of freight prepaid rail consignment.
2) Discrepancy in the material description is acceptable if material dispatched are as per standardized nomenclature of the beneficiary.
3) All bank charges including the bill discounting charges to opener's account.
4) Reimbursement to negotiating bank shall be made by Bhubaneswar branch of the opening bank of the confirming bank documents shall be forwarded through the Reimbursing /Confirming Bank.
5) Interest as specified by beneficiary from the date of dispatch till the date of maturity to be borne by the applicant in case or delayed payment beyond the maturity period interest is payable at bank o.d rate for the overdue period by the opener.
This Credit is issued subject to the uniform customs and practice for documentary credit (1993) revision of International Chamber of Commerce Publication Number–500.


		Authorized Signature Signature Code No_____