Banking Guidelines
In most cases we can accommodate various modes of payment. Below are some of our guidelines.
Irrevocable And Confirmed Letters of Credit
When establishing a Letter of Credit (L/C) in the favor of Huestis Machine Corporation the following instructions should be adhered to:
Charges
- All bank charges, including confirmation charges, in and out of the United States are for the applicant's account.
Currency
- US Dollars (Identical to the Pro-Forma Invoice)
Beneficiary
- L/C must indicate Huestis Machine Corporation as the beneficiary.
Our address is:
Huestis Machine Corporation
68 Buttonwood Street
Post Office Box 718
Bristol, Rhode Island
02809 USA
Form of Document
- Irrevocable letter of credit must be advised and confirmed by:
Fleet National Bank/Bank of America
Attn: Trade Services Department, (PA6−580−02−30)
One Fleet Way, Scranton, PA 18507
Telex: 62610 NBNAUW SWIFT ID: FNBBUS33
...or a major New York bank
- at sight upon presentation of the required documents.
Insurance
- to be covered by the buyer at his/her expense.
Expiration Date
- In determining the expiration date of the L/C, allow sufficient time to permit shipment and presentation of documents to the bank.
- Expiration date should be at least 30 days from date of shipment.
Partial Shipments Permitted
Transshipments Permitted
Presentation Period
- At least 21 days.
Shipping Terms
- All Ocean/Air Freight, packing, handling, customs and forwarding fees are for the account of the buyer.
- All Freight Charges quoted (estimated) on our Pro-Forma Invoices or Quotations are based upon the tariff rates on that date and are subject to change without notice.
- Any increase in Ocean/Air rates between date of our Pro-Forma (Quotation) and the actual date of shipment are for the account of the buyer.
- The goods are shipped Ex Works.
- The Seaport or Airport of departure may vary since the cities that our facilities are located in do not have a Seaport or Airport.
- Refer to Pro-Forma Invoices, if applicable. If unknown, please have L/C state shipment from any USA Seaport or Airport, Ex Works.
Other Means of Payment
We also accommodate Wire Transfers, ACH Transfers and Credit Card payments including MasterCard, Visa, American Express and NOVUS (Discover).
Please contact our , or call us at 401−253−5501, for details.