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1、Laurence Co.,Chicago(principal) wishes to issue a draft dated 21 Aug.,2012 drawn on The Eastern Trading Co.,at 90 days sight for USD25,500.00 payable to order of Hang Seng Bank Ltd.,HongKong(collecting bank)marked”Draft No.2574”and “Drawn against shipment of ten motor cars from Chicago to HongKong for collection”
Please draw a draft to meet the above requirements.
Exchange for
At sight of this FIRST of Exchange ( Second of exchange being unpaid)Pay to the order of The sum of
.
Drawn
To:
2、The principal presents an application for collection accompanied by draft and documents to the remitting bank ,Bank of Chicago,Chicago for collection.
An application for collection shows as follows.
Commercial documents surrendered are below:
Bill of Lading in triplicate,Invoice in triplicate,Insurance Policy in triplicate,Certificate of origin in triplicate,Packing List in duplicate.
All the above documents are to be despatched in one mail,other instructions to be followed for handing this transaction are as below:
Delivery documents against payment,
All collection charges are for account of drawee,
Airmail expenses for forwarding documents for account of drawee,
Do not Protest
Cable advise of Non-payment,
Waive charges if refused by drawee,
Hold draft for arrival of goods but allow drawee a discount at2% of the principal if paid on first presentation
Incase of need refer to Smith,99Rue Dos Achstears,HongKong
Credit our account with the proceeds.
Please produce a application for collection.
APPLICATION FOR COLLECTION
TO: DATE:
We enclose for collection
Please follow instruction Profixed:“x”DRAFT NO.______AMOUNT______TENOR______
DRAWN ON____________________
Do not Protest
Protest for
Cable advice of
Special instructions:
Your faithfully。

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