We will pay the negotiating bank as per their instructions upon receipt of document.
The amount of any draft drawn under this credit must, concurrently with negotiation, be endorsed on the reverse hereof, and the presentment of any such draft shall be a warranty by the negotiating bank that such endorsement has been made and that documents have been forwarded as herein required. We hereby engage with the drawers, endorsers and bona fide holders of drafts drawn and negotiated under and in compliance with the terms of this credit that the same shall be duly honoured on due presentation to the drawee.
The advising bank is requested to notify the beneficiary without adding their confirmation. Yours faithfully,
THE BANK OF TOKYO, LTD.