{"id":6685,"date":"2021-09-07T18:59:56","date_gmt":"2021-09-07T22:59:56","guid":{"rendered":"https:\/\/www.letterofcredit.biz\/?p=6685"},"modified":"2022-02-05T04:48:07","modified_gmt":"2022-02-05T09:48:07","slug":"india-export-letter-of-credit-consultancy","status":"publish","type":"post","link":"https:\/\/www.letterofcredit.biz\/index.php\/2021\/09\/07\/india-export-letter-of-credit-consultancy\/","title":{"rendered":"India Export Letter of Credit Consultancy"},"content":{"rendered":"<p><strong><span style=\"color: #ff6600;\">Transaction Background:<\/span><\/strong><\/p>\n<p>Both importer and exporter are engaged in renewable energy sector.<\/p>\n<p>The buyer is one of the biggest renewable energy company in India.<\/p>\n<p>The seller is also a US based multinational company, supplying raw materials for the manufacture of wind operated electricity generators, wind turbines.<\/p>\n<p><span style=\"color: #ff6600;\"><strong>Letter of Credit References:<\/strong><\/span><\/p>\n<p>We have completed our export letter of credit consultancy services with success in regards to a letter of credit which is issued by Indusind Bank Limited on 04.February.2021.<\/p>\n<p>The letter of credit number was OLC0009210039296. Letter of credit issued in English language.<\/p>\n<p>Total letter of credit amount was USD 680.004,52. The letter of credit allows both <a href=\"https:\/\/www.letterofcredit.biz\/index.php\/2018\/09\/19\/field-43p-partial-shipments\/\">partial shipments<\/a> and <a href=\"https:\/\/www.letterofcredit.biz\/index.php\/2018\/09\/19\/field-43t-transshipment\/\">transshipments<\/a>.<\/p>\n<p>Letter of credit confirmed by JP Morgan Chase Bank, N. A., New York, USA. Beneficiary located in U.S.A. and applicant resident in India. The goods had been shipped from beneficiary&#8217;s factory in Ecuador to India.<\/p>\n<p>Port of loading was Guayaquil Port, Ecuador and port of discharge was Mundra Port, India.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-6686\" src=\"https:\/\/www.letterofcredit.biz\/wp-content\/uploads\/india-export-letter-of-credit-consultancy.png\" alt=\"\" width=\"640\" height=\"360\" srcset=\"https:\/\/www.letterofcredit.biz\/wp-content\/uploads\/india-export-letter-of-credit-consultancy.png 640w, https:\/\/www.letterofcredit.biz\/wp-content\/uploads\/india-export-letter-of-credit-consultancy-300x169.png 300w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/><\/p>\n<p><span style=\"color: #ff6600;\"><strong>Documents Required:<\/strong><\/span><\/p>\n<ul>\n<li><a href=\"https:\/\/www.letterofcredit.biz\/index.php\/2018\/04\/27\/bill-of-exchange\/\">Draft<\/a><\/li>\n<li><a href=\"https:\/\/www.letterofcredit.biz\/index.php\/2018\/04\/02\/bill-of-lading\/\">Bill of Lading<\/a><\/li>\n<li>Certificate of Analysis<\/li>\n<li><a href=\"https:\/\/www.letterofcredit.biz\/index.php\/2018\/04\/20\/commercial-invoice\/\">Commercial Invoice<\/a><\/li>\n<li><a href=\"https:\/\/www.letterofcredit.biz\/index.php\/2018\/05\/03\/packing-list-and-weight-list\/\">Packing List<\/a><\/li>\n<li>Vessel Certificate<\/li>\n<li><a href=\"https:\/\/www.letterofcredit.biz\/index.php\/2018\/05\/07\/insurance-documents\/\">Insurance Certificate<\/a><\/li>\n<li>Beneficiary&#8217;s Certificate<\/li>\n<\/ul>\n<p><strong><span style=\"color: #ff6600;\">Specific Conditions and Our Work:<\/span><\/strong><\/p>\n<ul>\n<li>The beneficiary had contacted us with a question regarding insurance documents under the letters of credit.<\/li>\n<li>After replying the question, the beneficiary told us that they were about to sign a contract with an Indian buyer.<\/li>\n<li>The buyer insisted on CIF delivery term, so we worked with the beneficiary to find a suitable insurance company that can supply us an insurance certificate that would be acceptable under the letter of credit.<\/li>\n<li>After solving the insurance document problem, we started to work on the draft letter of credit.<\/li>\n<li>We have checked the draft letter of credit and eliminated possible problem areas.<\/li>\n<li>The letter of credit issued by Indusind Bank Limited and confirmed by JP Morgan Chase Bank, N. A., New York, USA.<\/li>\n<li>The beneficiary completed despatch of goods in 5 partial shipments.<\/li>\n<li>Shipping documents have been prepared and checked by us.<\/li>\n<li>The documents have been presented to the confirming bank.<\/li>\n<\/ul>\n<p><span style=\"color: #ff6600;\"><strong>Conclusion:<\/strong><\/span><\/p>\n<ul>\n<li>All presentations have been accepted by the confirming bank on first presentation.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Transaction Background: Both importer and exporter are engaged in renewable energy sector. The buyer is one of the biggest renewable energy company in India. The seller is also a US based multinational company, supplying raw materials for the manufacture of<\/p>\n","protected":false},"author":1,"featured_media":6703,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[391,511,576,504],"tags":[514,577,513,515,578],"class_list":["post-6685","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-export-letter-of-credit-consultancy","category-india","category-letter-of-credit-consultancy","tag-export-letter-of-credit-consultancy","tag-india-export-letter-of-credit-consultancy","tag-letter-of-credit-consultancy","tag-letter-of-credit-consultancy-references","tag-renewable-energy-sector-letter-of-credit-consultancy"],"_links":{"self":[{"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/posts\/6685","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/comments?post=6685"}],"version-history":[{"count":0,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/posts\/6685\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/media\/6703"}],"wp:attachment":[{"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/media?parent=6685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/categories?post=6685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/tags?post=6685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}