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Bill of Exchange (Sole) Drawn Under LC No .. Dated . Issued by (Name and Place of Bank)

The document discusses bills of exchange under letters of credit (LC). It provides an example of a sole bill of exchange, which is a single document drawn under an LC. It then notes that if bills of exchange under an LC are called duplicate, there will be two bills: the first bill states it is the first of exchange with the second being unpaid, and the second bill states it is the second of exchange with the first being unpaid. Both duplicate bills contain the same payment information but indicate the status of the other bill.

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Himanshu Kushwaha
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86 views

Bill of Exchange (Sole) Drawn Under LC No .. Dated . Issued by (Name and Place of Bank)

The document discusses bills of exchange under letters of credit (LC). It provides an example of a sole bill of exchange, which is a single document drawn under an LC. It then notes that if bills of exchange under an LC are called duplicate, there will be two bills: the first bill states it is the first of exchange with the second being unpaid, and the second bill states it is the second of exchange with the first being unpaid. Both duplicate bills contain the same payment information but indicate the status of the other bill.

Uploaded by

Himanshu Kushwaha
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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{SOLE I.E.

ONE BILL OF EXCHAGE FOR DOCU UNDER LC}

Bill of Exchange (sole)


DRAWN UNDER LC NO.. DATED. ISSUED BY
(NAME AND PLACE OF BANK)
Date :
Amount :
Due date : (in case of DA)
Pay at (at sight/DA from date of .as agreed) this sole of exchange to the order
of (name and place of exporters bank)
A sum of FCY & Amount .............. ( FCY and amount in words)
against our invoice No.dated .
For (Name of exporters company)
SEAL AND SIGNATURE
Authorized signatory
Drawn on
Name and address of LC opening bank

If bills of exchange under LC are called duplicate than there will be two bills of
exchanges as under :

Bill of Exchange (1)


DRAWN UNDER LC NO.. DATED. ISSUED BY
(NAME AND PLACE OF BANK)
Date :
Amount :
Due date : (in case of DA)
Pay at (at sight/DA from date of .as agreed) First of this exchange (Second
being unpaid) to the order of (name and place of exporters bank)
A sum of FCY & Amount .............. ( FCY and amount in words)
against our invoice No.dated .
For (Name of exporters company)
SEAL AND SIGNATURE
Authorized signatory
Drawn on
Name and address of LC opening bank

Bill of Exchange (2)


DRAWN UNDER LC NO.. DATED. ISSUED BY
(NAME AND PLACE OF BANK)
Date :
Amount :
Due date : (in case of DA)
Pay at (at sight/DA from date of .as agreed) Second of this exchange (First
being unpaid) to the order of (name and place of exporters bank)
A sum of FCY & Amount .............. ( FCY and amount in words)
against our invoice No.dated .
For (Name of exporters company)
SEAL AND SIGNATURE
Authorized signatory
Drawn on
Name and address of LC opening bank

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