GeoWine is a wine producer company in Georgia. GeoWine agreed with GeStore, wine store in Germany...

  

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GeoWine is a wine producer company in Georgia. GeoWine agreed with GeStore, wine store in Germany on sale of 20,000 bottles of Georgian wine Khvanchkara with the purchase price to be paid by using Letter of Credit. GeoWine approached you, lawyer working in international law firm, to draft the Letter of Credit that GeoWine will send to GeStore for execution with its bank. Following are commercial terms of agreed deal that you should consider while drafting the Letter of Credit: Goods: 20,000 bottles of wine Price: 50 EUR per bottle Delivery: in 10 equal shipments made by GeoWine in every 2 weeks after signing contract Shipment type: shipments will be made by ship from Poti Sea Port to Hamburg Sea Port Payments: payments under Letter of Credit shall be made in equal installments after making each shipment Seller's bank: Bank of Georgia located in Tbilisi, Georgia Buyer's bank: Deutche Bank located in Berlin, Germany Applicable rules to LC: UCP 600, ICC. LC should be drafted with all of its standard requisites/parts and all information should be filled in. If you don't have specific information that you believe should be included, but is not provided, leave such information in blanks. You should not provide advice and consultation. Just draft the LC as per the terms provided. GeoWine is a wine producer company in Georgia. GeoWine agreed with GeStore, wine store in Germany on sale of 20,000 bottles of Georgian wine Khvanchkara with the purchase price to be paid by using Letter of Credit. GeoWine approached you, lawyer working in international law firm, to draft the Letter of Credit that GeoWine will send to GeStore for execution with its bank. Following are commercial terms of agreed deal that you should consider while drafting the Letter of Credit: Goods: 20,000 bottles of wine Price: 50 EUR per bottle Delivery: in 10 equal shipments made by GeoWine in every 2 weeks after signing contract Shipment type: shipments will be made by ship from Poti Sea Port to Hamburg Sea Port Payments: payments under Letter of Credit shall be made in equal installments after making each shipment Seller's bank: Bank of Georgia located in Tbilisi, Georgia Buyer's bank: Deutche Bank located in Berlin, Germany Applicable rules to LC: UCP 600, ICC. LC should be drafted with all of its standard requisites/parts and all information should be filled in. If you don't have specific information that you believe should be included, but is not provided, leave such information in blanks. You should not provide advice and consultation. Just draft the LC as per the terms provided.

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Letter of Credit To Bank of Georgia Tbilisi Georgia Subject Letter of cre... View the full answer