Transferable Letter of Credit

By | August 15, 2010

To
ICICI Bank,
Bandra Branch,
Worli Mumbai.

Date of Issue: Aug 04 2010

Our Irrevocable transferable Letter of Credit: 0000

Date of Expiry: Dec. 19. 2010

BENEFICIARY:
Hindustan Lever Pipe Pvt. Ltd.
Bandra Industrial Park,
Andheri East,
Worli Mumbai.



APPLICANT:
Plastic Manufacturing Company
Kaushambi Industrial Area
East Delhi

This is with reference to the request of our customer, Plastic Manufacturing Company East Delhi, we the assigned financial authority, Oriental Bank of Commerce Meherouli branch, hereby establish a letter of credit 0000 of amount twenty five lacks rupees (Rs. 25,00,000).

This letter of credit is authorized as transferrable to our third party client to access the partial amount of credit to fulfill the requirements of our client for the targeted contract to reach the deadlines.
Provided that you will deliver to us the above amount at the above address as a written demand, is issued in accordance with agreement made between both the parties.

The drawings hereunder must be presented Oriental Bank of Commerce, Meherouli Branch, on or before the expiry date as mentioned above.

From:

Oriental Bank of Commerce,
Meherouli Branch,
East Delhi
1100032