Import LC Issue

IDBNY Bank Status: In process

511 Fifth Avenue New York
NY 10017
Tel: (212) 551-8500
We request you to issue your letter of credit with terms in accordance with the Date: 03/08/24
details given in this application

Transmit via: SWIFT

Applicant:
EXPRESS TRADE CAPITAL INC.
1410 BROADWAY, SUITE 2600
NEW YORK, N.Y. 10018
Reference no.: SPORTLIFE-35

Country
UNITED STATES Bank LC no.:

Account party: Beneficiary:

EXPRESS TRADE CAPITAL INC. BANGALORE SPORTS WEAR PRIVATE LTD.
1410 BROADWAY, SUITE 2600 323, OBADENAHALLI INDUSTRIAL AREA,
NEW YORK, N.Y. 10018 BASHETTIHALLI,DODDABALLAPURA
KARNATAKA, 561203 INDIA

Country Contact name: KVR PRASAD

UNITED STATES
Telephone/Fax number: 7259409900
Email: prasad@bangaloresportswear.com

Country
INDIA

Advise thru bank: Advising bank:

PUNJAB AND SIND BANK
JC ROAD BANGALORE
78/1, J.C.ROAD,BANGALORE,
KARNATAKA 560002 INDIA

Country
INDIA

LC amount: 63,452.16 USD

Amount in words: SIXTY THREE THOUSAND AND FOUR HUNDRED FIFTY TWO AND 16/100 USD

Amount modifier: NONE P/M: P/M amount:

Tenor: Sight Tenor

Days: Period: Date:

Tenor text:

*Remarks: Goods Consigned to Bank

Need to add
Available by:
PAYMENT

MIX/DEF payment details:

Available with:
SEE BELOW

Expiry date: 04/26/24

Expiry place: OUR COUNTERS

Presentation period: 14

Shipment/dispatch/taking in charge

Shipping terms: FOB - FREE ON BOARD

Shipment from: ANY PORT INDIA

Shipment to: ANY PORT, USA

Dispatch from:

Final destination:

Latest shipment date: 04/05/24 First shipment date:

Shipment period:

Partial shipment: Transshipment: Multimod.transport allowed:

ALLOWED ALLOWED NOT ALLOWED

Confirmation instructions:
WITHOUT

Additional amounts covered:

Account Debit Charges:

Charges:

ISSUING BANK CHARGES TO BE PAID BY:APPLICANT.FOREIGN BANK CHARGES TO BE

PAID BY:BENEFICIARY.

Merchandise Description:

+MENS WEAR
AS PER PROFORMA INVOICE NO.: PI # PI/001/2023-24
DATE: MARCH 7, 2024
TOTAL QUANTITY: 92,688PCS
.
+SHIPPING TERMS: FOB ANY PORT INDIA
 Documents required:
BSW: COO: to
be India +COMMERCIAL INVOICE IN ONE (1) ORIGINAL AND FOUR (4) COPIES.
+PACKING LIST IN ONE (1) ORIGINAL AND TWO (2) COPIES.
+CERTIFICATE OF BANGLADESH ORIGIN IN ONE (1) ORIGINAL
AND TWO (2) COPIES.
+ORIGINAL PRE-SHIPMENT INSPECTION CERTIFICATE ISSUED AND SIGNED
BY AN AUTHORIZED OFFICER OF EXPRESS TRADE CAPITAL, INC., ON
THEIR LETTERHEAD, CONTAINING THE SIGNATURE VERIFICATION OF THE
ISSUING BANK, AND INDICATING THAT SHIPMENT IS AUTHORIZED. India
+FULL SET CLEAN ON BOARD OCEAN BILL OF LADING MADE OUT TO THE
ORDER OF THE NEGOTIATING BANK IN BANGLADESH AND FURTHER
ENDORSED TO ORDER OF ISRAEL DISCOUNT BANK OF NEW YORK, NY,
SHOWING L/C NUMBER, MARKED NOTIFY SPORTLIFE BRANDS, LLC,
42 WEST 39TH STREET, 13TH FLOOR, NEW YORK, NY 10018,
ATTN: MICHAEL KASSIN, TEL: 212.268.8230,
AND ALSO NOTIFY EXPRESS TRADE CAPITAL,, INC.,
1410 BROADWAY, NEW YORK, NY 10018 Since we not discounting
ATTN: IMPORT DEPARTMENT, TEL: 212 997 0155, FAX: 212 858 5785 please advise if Isreal Bank
is require?
AND MARKED FREIGHT COLLECT.

Additional conditions:

+THIS LETTER OF CREDIT TO BE FURTHER ADVISED THRU:

INDIAN BANK
NO. 102, I MAIN ROAD, SESHADRIPURAM,
BANGALORE KARNATAKA-560020
SWIFT CODE:IDIBINBBXXX
ACCOUNT NUMBER: 7290204852
IFSC CODE:IDIB000S014
.
BENEFICIARY DETAILS:
BANGALORE SPORTS WEAR PRIVATE LIMITED
323, OBADENAHALLI INDUSTRIAL AREA, APPAREL PARK,
BASHETTIHALLI,DODDABALLAPURA KARNATAKA, DODDABALLAPURA,
BENGALURU RURAL, KARNATAKA, 561203 INDIA
.
+INSURANCE TO BE EFFECTED BY THE ULTIMATE BUYERS.
+ALL DOCUMENTS MUST BE ISSUED IN ENGLISH.
+ALL DOCUMENTS MUST BEAR LETTER OF CREDIT NUMBER LXXXXXX.
+ALL DOCUMENTS EXCEPT DRAFTS AND OCEAN BILLS OF LADING,
MUST BE MADE IN THE NAME OF:
SPORTLIFE BRANDS, LLC,
42 WEST 39TH STREET, 13TH FLOOR NEW YORK, NY 10018
ATTN: MICHAEL KASSIN, TEL: 212-268-8230.
+ALL PARTIES TO THIS LETTER OF CREDIT ARE ADVISED THAT THE
U.S. GOVERNMENT HAS IN PLACE CERTAIN SANCTIONS AGAINST
CERTAIN COUNTRIES, INDIVIDUALS, ENTITIES, AND VESSELS.
ISSUING BANK FOR THIS LETTER OF CREDIT, IS/WILL
BE PROHIBITED FROM ENGAGING IN TRANSACTIONS OR
OTHER ACTIVITIES WITHIN THE SCOPE OF APPLICABLE SANCTIONS.
+WE HEREBY AGREE WITH DRAWERS, ENDORSERS AND/OR BONA FIDE
HOLDERS OF DRAFT(S) DRAWN UNDER AND IN COMPLIANCE WITH THE
TERMS AND CONDITIONS OF THIS LETTER OF CREDIT THAT
SUCH DRAFTS WILL BE DULY HONORED ON DUE PRESENTATION IF
NEGOTIATED/PRESENTED ON OR BEFORE THE EXPIRATION DATE
OF THIS CREDIT.
+THIS CREDIT IS TRANSFERABLE EXCEPT TO ANY SPECIALLY DESIGNATED
NATIONALS AS DEFINED IN SECTION 500.306 OF U.S. FOREIGN ASSETS
CONTROL REGULATIONS. TRANSFERRING BANK MUST NOTIFY US OF ANY
TRANSFERS MADE AT THE TIME OF THE TRANSFER, INCLUDING NAME AND
ADDRESS OF THE TRANSFEREE, AND CONFIRM THAT THE TRANSFER HAS
BEEN ENDORSED ON THE LETTER OF CREDIT.
+UPON RECEIPT OF DOCUMENTS AT OUR COUNTERS THAT STRICTLY
COMPLY WITH LETTER OF CREDIT TERMS, WE WILL EFFECT PAYMENT
AS PER INSTRUCTIONS ON NEGOTIATING BANK'S COVER LETTER.
+ALL DRAFTS MUST BE MARKED DRAWN UNDER ISRAEL DISCOUNT
BANK OF NEW YORK STATING THE DOCUMENTARY CREDIT NUMBER Please Clarify
AND THE DATE OF THIS CREDIT.
+EACH SET OF DISCREPANT DOCUMENTS WILL BE ASSESSED USD160.00
REPRESENTING OUR FEES FOR HANDLING DISCREPANCIES.
THESE FEES ARE FOR THE BENEFICIARYS ACCOUNT AND WILL BE
AUTOMATICALLY DEDUCTED FROM THE PROCEEDS OF THE PAYMENT
WHEN EFFECTED.
+SPECIAL NOTE TO BENEFICIARY:
WE DRAW ATTENTION TO THE FACT THAT THIS LETTER OF CREDIT
REQUIRES A DOCUMENT THAT NEEDS TO BE SUPPLIED BY THE APPLICANT.
IDB BANK AND/OR ITS SUBSIDIARIES AND/OR ITS AFFILIATES,
ASSUMES NO RESPONSIBILITY FOR:
I) THE APPLICANT'S WITHHOLDING OF SUCH DOCUMENT,
II) ANY REQUIRED SIGNATURE THEREON,
III) ANY WAIVER OF SUCH REQUIREMENT, AND/OR
IV) ANY RESULTING NON PAYMENT OF AN OTHERWISE CREDIT
CONFORMING PRESENTATION OF DOCUMENTS HEREUNDER.
+THIS DOCUMENTARY CREDIT IS SUBJECT TO THE CURRENT UCP
ICC PUBLICATION NO. 600.

Comments:

Special payment condition for Bene:

This LC is transferable

Applicant name:
EXPRESS TRADE CAPITAL INC.
1410 BROADWAY, SUITE 2600
NEW YORK, N.Y. 10018

Country
UNITED STATES

Signature: Title:

Signature: Title:

Signature: Title:

Date: 03/08/24
The opening of this credit is subject to the terms and conditions of Security Agreement currently in place between the Applicant and the
Issuing Bank.