2.1.6 Special features / conditions, if any
By Value (Auto, Manual)
- Non- Cumulative
By Time (Auto, Manual)
- Cumulative
- Non- Cumulative
An import contract of 120,000 for a period of 12 months involving 12 shipping of goods worth 10,000. A revolving LC to meet this type may be of following types:
Table 2-1 Revolving LC Types:
| Type | Freq | LC Amt | Availability At Any Time | Max Liability | Max Availment Allowed |
|---|---|---|---|---|---|
| Auto / Time / Cumulative | 30 days | 10,000 |
10,000 + un- utilized |
120,000 | 120,000 |
| Auto / Time / Non- Cumulative | 30 days | 10,000 | 10,000 | 120,000 | 120,000 |
| Auto / Value / Cumulative | NA | NA | NA | NA | NA |
| Auto / Value / Non- Cumulative | NA | 10,000 | 10,000 | 10000 | 10000 |
| Manual / Time / Cumulative | 30 days | 10,000* | 10,000* + unutilize d | 10,000* + unutilize d | 10,000* + unutilized |
| Manual / Time / Non- Cumulative | 30 days | 10,000* | 10,000* | 10,000* | 10,000* |
| Manual / Value / Cumulative | NA | NA | NA | NA | NA |
| Manual / Value / Non- Cumulative | NA | 10,000* | 10,000* | 10000 | 10000 |