Mr. Charle,the owner of International Tool Manufacturing, signed the contract with Trade Circuit to buy the machine . Price of machine is 29,750 dollar . He applied to International Banking Division of the First Eastern Bank to open L/C. The duty of the First Eastern Bank contracts the First Charter Bank in New Zealand to open L/C for Trade Circuit. Mr. William ,the manager of Trade Circuit sends the export documents in the following : signed commercial invoice, full set of straight ocean steamer Bill of Lading showing consignment to the First Eastern Bank marked “Freight Prepaid” and Negotiation insurance policy and /or Underwriter’s Certificate, endorsed in blank, covering, covering marine and war risk. The machine is delivered by ship . It is permitted for transshipment and not permitted for partial shipment. The delivery time is May12,2008. In addition, the First Eastern Bank give a credit by negotiation against presentation of the documents detailed . the condition of payment is sight.
Address of First Eastern Bank : 4130 Wall Street NY.10015
Address of the First Charter Bank : P.O.665 Auckland New Zealand
Address of trade Cicuit: A2-48 Queen Street Auk land New Zealand
Address of International Tool Manufacturing: 14390 Riverside Drive Sherman Oaks CA 91405
