On receipt of full set of documents in compliance with the terms and conditions of this credit we shall remit the proceeds as requested by you less our payment charge of EUR 110,00.
We hereby engage with drawers and/or bona fide holders that draft(s) and/or documents negotiated in conformity with the terms of this credit will be duly honoured on presentation
The amount of each utilization must be endorsed on the reverse of the operative credit instrument and the negotiating bank must certify to this effect