3. The issuing Bank should address its response or communication regarding the bond to KPLC at the following e-mail address kplc.co.ke” – “guarantees@ SECTION XVII B - PERFORMANCE SECURITY (LC) Mandatory Conditions that should appear on the Performance Security (LC). Form of Documentary credit - Standby” “Irrevocable Applicable - be UCP Latest Version” i.e. UCP 600 (2007 REVISION) ICC “Must Publication No. 600. Place of expiry - At the counters of the advising bank. The SBLC should be available Payment” – “By Drafts should be payable at - “SIGHT” Documents required - 1. Beneficiary’s signed and statement demanding for payment under the letter of credit no………………………….. (Insert as……………………….(Name LC No.) of (hereinafter called the indicating that the has Applicant) “Supplier”) “Supplier” defaulted in the performance and adherence to and performance of the contract between the Beneficiary and the Supplier. 2. The Original Letter of Credit and all amendments, if any. Additional Conditions - 1. All charges levied by any bank that is to this documentary credit are for the account of the Applicant. 2. (Include) that there should be no conditions requiring compliance with the specific regulations or a particular country’s laws and regulations. Charges - All bank charges are for the account of the Applicant. Confirmation instructions (See notes below) –
3. The issuing Bank should address its response or communication regarding the bond to KPLC at the following e-mail address – “guarantees@ kplc.co.ke” SECTION XVII B - PERFORMANCE SECURITY (LC) Mandatory Conditions that should appear on the Performance Security (LC). Form of Documentary credit - “Irrevocable Standby” Applicable - “Must be UCP Latest Version” i.e. UCP 600 (2007 REVISION) ICC Publication No. 600. Place of expiry - At the counters of the advising bank. The SBLC should be available – “By Payment” Drafts should be payable at - “SIGHT” Documents required - 1. Beneficiary’s signed and statement demanding for payment under the letter of credit no………………………….. (Insert LC No.) as……………………….(Name of Applicant) (hereinafter called the “Supplier”) indicating that the “Supplier” has defaulted in the performance and adherence to and performance of the contract between the Beneficiary and the Supplier. 2. The Original Letter of Credit and all amendments, if any. Additional Conditions - 1. All charges levied by any bank that is to this documentary credit are for the account of the Applicant. 2. (Include) that there should be no conditions requiring compliance with the specific regulations or a particular country’s laws and regulations. Charges - All bank charges are for the account of the Applicant. Confirmation instructions – (See notes below)
mEuEUl3LBC0N_TENDER%20DOCUMENT%20-%20FOR%20PROVISION%20OF%20CUSTOMER%20SATISFATCION%20SURVEY%20SERVICES%2009.03.2017.docx