REQUIREMENTS FOR OPENING LETTERS OF CREDIT FOR GOODS TO BE SHIPPED FROM GODIVA Ltd, U.K. Unless specifically agreed otherwise, the following procedure should be followed to open a Letter of Credit:- 1) All Letters of Credit should be irrevocable and confirmed by a UK bank, payable at sight at the counters of a UK bank upon presentation of correct documentation 2) Please raise L/C in the name of GODIVA LTD, CHARLES STREET, WARWICK, ENGLAND. Do not show telephone numbers, etc. 3) Documents - we provide as standard an invoice & transport document. If additional documents are required which have not been quoted, we reserve the right to recover our costs 4) Please keep the number of documents required to a minimum. Separate shipping weight & packing lists are not normally provided but relevant details are always included on the invoice 5) Please ensure that the description of the goods ordered is accurate and kept to a brief summary and that shipping terms match the value of the credit, e.g you do not call for "freight prepaid" if the value of the credit is "ex works" 6) Please ensure that L/C does not prohibit the provision of photocopied documents 7) Please note, ALL negotiable documents must be submitted via the advising bank. Under no circumstances will any negotiable documents be forwarded to you direct 8) Unless expressly prohibited by local legislation, please allow transhipment on the L/C. This will allow us to despatch more quickly. If your chosen method of despatch is by consolidated air freight, the L/C must allow both transhipment and House airway bills. 9) Letters of Credit should be valid for shipment for at least a further 28 days after the acknowledged due date to allow us to arrange shipment and obtain documentation. Validity for negotiation of documents should be 21 days after shipment date 10) We have no preference as to the UK bank used - please allow your bank to select their own corresponding bank in the UK as this will minimise your bank charges Please note that all charges in relation to the L/C are for your account; we cannot action your order until we receive a valid L/C COMPLIANCE WITH THE ABOVE CONDITIONS WILL ENABLE US TO TRANSACT YOUR ORDERS WITHOUT DELAY