Document ID: 13962

Text:
THIS LETTER OF CREDIT MAY BE TRANSFERRED SUCCESSIVELY IN WHOLE OR IN PART ONLY UP TO THE THEN AVAILABLE AMOUNT IN FAVOR OF A NOMINATED TRANSFEREE (TRANSFEREE), ASSUMING SUCH TRANSFER TO SUCH TRANSFEREE IS IN COMPLIANCE WITH ALL APPLICABLE U.S. LAWS AND REGULATIONS. AT THE TIME OF TRANSFER, THE ORIGINAL LETTER OF CREDIT AND ORIGINAL AMENDMENT(S) IF ANY, MUST BE SURRENDERED TO US TOGETHER WITH OUR TRANSFER FORM (AVAILABLE UPON REQUEST) AND PAYMENT OF OUR CUSTOMARY TRANSFER FEES BY APPLICANT. IN CASE OF ANY TRANSFER UNDER THIS LETTER OF CREDIT, THE DRAFT AND ANY REQUIRED STATEMENT MUST BE EXECUTED BY THE TRANSFEREE AND WHERE THE BENEFICIARYS NAME APPEARS WITHIN THIS STANDBY LETTER OF CREDIT, THE TRANSFEREES NAME IS AUTOMATICALLY SUBSTITUTED THEREFOR.

Named Entities:

Tokenized Text:
THIS
LETTER
OF
CREDIT
MAY
BE
TRANSFERRED
SUCCESSIVELY
IN
WHOLE
OR
IN
PART
ONLY
UP
TO
THE
THEN
AVAILABLE
AMOUNT
IN
FAVOR
OF
A
NOMINATED
TRANSFEREE
(
TRANSFEREE
)
,
ASSUMING
SUCH
TRANSFER
TO
SUCH
TRANSFEREE
IS
IN
COMPLIANCE
WITH
ALL
APPLICABLE
U
.
S
.
LAWS
AND
REGULATIONS
.
AT
THE
TIME
OF
TRANSFER
,
THE
ORIGINAL
LETTER
OF
CREDIT
AND
ORIGINAL
AMENDMENT
(
S
)
IF
ANY
,
MUST
BE
SURRENDERED
TO
US
TOGETHER
WITH
OUR
TRANSFER
FORM
(
AVAILABLE
UPON
REQUEST
)
AND
PAYMENT
OF
OUR
CUSTOMARY
TRANSFER
FEES
BY
APPLICANT
.
IN
CASE
OF
ANY
TRANSFER
UNDER
THIS
LETTER
OF
CREDIT
,
THE
DRAFT
AND
ANY
REQUIRED
STATEMENT
MUST
BE
EXECUTED
BY
THE
TRANSFEREE
AND
WHERE
THE
BENEFICIARYS
NAME
APPEARS
WITHIN
THIS
STANDBY
LETTER
OF
CREDIT
,
THE
TRANSFEREES
NAME
IS
AUTOMATICALLY
SUBSTITUTED
THEREFOR
.