BP 2007 Products

4. Transhipments [allowed/prohibited]
5. Partial shipments [allowed/prohibited].
6. Photocopies in lieu of copy documents acceptable.
7. [If the payment due date falls on a Saturday or a New York Bank Holiday other than a
Monday, payment will be effected on the last New York banking day prior. If the payment
due date falls on a Sunday or a New York Bank Holiday Monday, payment will be effected
on the first following New York banking day].
8. Telex invoice and indemnity acceptable.
9. All bank charges are for the account of the applicant.
10. The construction, validity and performance of this Letter of Credit shall be governed by
and construed in accordance with English law.
11. Typographical and spelling errors shall not constitute a discrepancy unless with regard to
quantity or amount.
Except as otherwise expressly stated herein, this Letter of Credit is subject to Uniform
Customs and Practice for Documentary Credits Revision 1993, (ICC Publication No. 500).
12. The amount of this Credit may escalate/de-escalate in accordance with the above Price
Clause without any further amendment on our part. The margin as to quantity shipped as
set out above as + or – 15% plus a further margin to cover escalation of duties including
VAT if appropriate shall apply to the terms of this Credit, notwithstanding that these
margins may be greater than that applicable in the Agreement itself.
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