Import Credit definition

Import Credit means a documentary credit at any time issued by the Bank at the request, or for the account, of the Customer, and includes such documentary credit as amended, extended or renewed from time to time;
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Import Credit means a Credit we issue at your request.
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Import Credit means the letter of credit issued by the Bank in favour of the Import LC Beneficiary.
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Examples of Import Credit in a sentence

  • During the term of, and for two (2) years after the termination or expiration of this Agreement, the Books and Records shall be open to inspection, audit and copy by or on behalf of Licensor during business hours, and upon reasonable notice which shall not be less than ten (10) business days.

  • A request to issue an Import Credit or any request for amendment of an Import Credit shall be made by you by submission of the appropriate Application at least one (1) Business Day prior to the required issuance of the Import Credit or amendment of the Import Credit, as applicable.

  • As security for the liquidation of liabilities under the Import Credit you agree to pledge in our favour all your credit balances, stocks, movables and immovable assets and any other assets or rights whatsoever.

  • You understand and agree that if you take possession of the goods before the Bank has received the Documents, all and any rights to reject the Documents for not being in conformity with the terms and conditions of the Import Credit are irrevocably lost both to you and the Bank.

  • You agree that the Bank is authorized to utilise the deposits and credit balances held under pledge against the Import Credit.

  • The Import Credit will be expressly subject to the Uniform Customs and Practice for Documentary Credits (2007 Revision, Publication No. 600 of the International Chamber of Commerce, Paris, France) as revised from time to time.

  • Each Import Credit shall be valid for such maximum period and in such maximum amount as may be decided by the Bank.

  • You agree and confirm that any amendment under the Amendment to Import Credit has been agreed by all beneficiaries of the Import Credit.

  • You further agree that any amount held in your name may be applied by us in payment of any sum payable and due under the Import Credit.

  • The Import Credit shall be issued solely for purposes acceptable to the Bank.