Red Clause Letter of Credit

By | August 15, 2010

Andhra Bank,
Ramanthapur,
Hyderabad.

Date of Issue: Aug. 04 2010

Date of Expiry: Nov. 04 2010

BENIFICIARY:
Khurana Constructions
123, Princehood Complex,
Ramanthapur,
Hyderabad.

APPLICANT:
Star Wood Mill
Opp. DD Studio
Secundrabad


This is in accordance to the request of our costumer, Star Wood Mill, we under the financial support of Andhra Bank, Ramanthapur, hereby establish a Red Clause Letter of Credit, in the favor of Star Wood Mill in the total amount of 15,00,000 IND Rupees.

We authorize you under this Letter of Credit to draw the amount on this bank in the form of written demand for payment. The demand should be in detail with the required expenditure and the transaction would be hassle free and without any interruption.

Drawing must be presented at Andhra Bank, Ramanthapur on or before the expiry date of this Letter of Credit i.e. Nov. 04. 2010.

We honor your requirements and expect that you follow the terms and conditions of our company and deliver our requirement as per the deal between us.

Authorized Signature

Naveen