[{"values":[{"value":"Português do Brasil-Portuguese","languageCode":"pt-br","link":"javascript:void(0);"},{"value":"日本語-Japanese","languageCode":"ja-jp","link":"javascript:void(0);"},{"value":"中文-Chinese Simplified","languageCode":"zh-cn","link":"javascript:void(0);"},{"value":"English","languageCode":"en-us","link":"javascript:void(0);"},{"value":"한국어-Korean","languageCode":"ko-kr","link":"javascript:void(0);"},{"value":"Deutsch-German","languageCode":"de-de","link":"javascript:void(0);"}],"label":"BR","default":"pt-br"},{"values":[{"value":"Português do Brasil-Portuguese","languageCode":"pt-br","link":"javascript:void(0);"},{"value":"日本語-Japanese","languageCode":"ja-jp","link":"javascript:void(0);"},{"value":"中文-Chinese Simplified","languageCode":"zh-cn","link":"javascript:void(0);"},{"value":"English","languageCode":"en-us","link":"javascript:void(0);"},{"value":"한국어-Korean","languageCode":"ko-kr","link":"javascript:void(0);"},{"value":"Deutsch-German","languageCode":"de-de","link":"javascript:void(0);"}],"label":"JP","default":"ja-jp"},{"values":[{"value":"Português do Brasil-Portuguese","languageCode":"pt-br","link":"javascript:void(0);"},{"value":"日本語-Japanese","languageCode":"ja-jp","link":"javascript:void(0);"},{"value":"中文-Chinese Simplified","languageCode":"zh-cn","link":"javascript:void(0);"},{"value":"English","languageCode":"en-us","link":"javascript:void(0);"},{"value":"한국어-Korean","languageCode":"ko-kr","link":"javascript:void(0);"},{"value":"Deutsch-German","languageCode":"de-de","link":"javascript:void(0);"}],"label":"CN","default":"zh-cn"},{"values":[{"value":"Português do Brasil-Portuguese","languageCode":"pt-br","link":"javascript:void(0);"},{"value":"日本語-Japanese","languageCode":"ja-jp","link":"javascript:void(0);"},{"value":"中文-Chinese Simplified","languageCode":"zh-cn","link":"javascript:void(0);"},{"value":"English","languageCode":"en-us","link":"javascript:void(0);"},{"value":"한국어-Korean","languageCode":"ko-kr","link":"javascript:void(0);"},{"value":"Deutsch-German","languageCode":"de-de","link":"javascript:void(0);"}],"label":"US","default":"en-us"},{"values":[{"value":"Português do Brasil-Portuguese","languageCode":"pt-br","link":"javascript:void(0);"},{"value":"日本語-Japanese","languageCode":"ja-jp","link":"javascript:void(0);"},{"value":"中文-Chinese Simplified","languageCode":"zh-cn","link":"javascript:void(0);"},{"value":"English","languageCode":"en-us","link":"javascript:void(0);"},{"value":"한국어-Korean","languageCode":"ko-kr","link":"javascript:void(0);"},{"value":"Deutsch-German","languageCode":"de-de","link":"javascript:void(0);"}],"label":"KR","default":"ko-kr"},{"values":[{"value":"Português do Brasil-Portuguese","languageCode":"pt-br","link":"javascript:void(0);"},{"value":"日本語-Japanese","languageCode":"ja-jp","link":"javascript:void(0);"},{"value":"中文-Chinese Simplified","languageCode":"zh-cn","link":"javascript:void(0);"},{"value":"English","languageCode":"en-us","link":"javascript:void(0);"},{"value":"한국어-Korean","languageCode":"ko-kr","link":"javascript:void(0);"},{"value":"Deutsch-German","languageCode":"de-de","link":"javascript:void(0);"}],"label":"DE","default":"de-de"}]

Letter of Credit - Americas

Thank you for your interest in establishing a letter of credit relationship with Dow Consumer Solutions. In an effort to provide you with the best service possible, we ask that you print and utilize these guidelines, along with the order acknowledgement, to arrange your letter of credit. For detailed questions and arrangements, contact Customer Financial Services. 

Letter of credit documents may be sent to the following addresses, as appropriate, for the Americas:

Dow Consumer Solutions
Customer Financial Services
2200 W. Salzburg Road
PO Box 994
Midland MI 48686-0994
United States

Phone: +1-800-248-2481
Fax: +1 989 496 6299

Americas Irrevocable Letter of Credit
Opening Requirement Guidelines

  Topic Requirement
1. Beneficiary Dow Corning Corporation
2200 W. Salzburg Road
Midland, MI 48686-0994
USA
2. Confirming / Advising Bank

Dow Corning Corporation
Account: 5554055
Wire ABA 021000021
BANK SWIFT: CHASUS33


BANK:
JPMorgan Chase
131 S Dearborn
6th Floor
Chicago, IL 60603

3. Letter of Credit is to be drawn on irrevocable and confirmed form and subject to the Uniform Customs and Practice for Documentary Credit (2007 Version), International Chamber of Commerce Publication No. 600. The “UCP” statement must be included on the Letter of Credit.
4. Confirmation will be required for certain non-approved banks.
Advising Bank will be the same as Confirming Bank.
5. Credit Amount in Figures as per Order Acknowledgement
6. Expiry Date At least 21 days from latest shipment date
7. Place of Expiry United States of America (Country of Beneficiary)
8. Tenor of Draft 45 days from invoice date
9. Shipment from

Any United States port (sea shipments )
Any United States warehouse (truck shipments)

  Shipment to

As per “Ship to Country” showing on Order Acknowledgement

  Latest shipment date

30 days from “Ship Date” on Order Acknowledgement or subject to product availability

10. Period for presentation 21 days after the date of shipment but within LC validity
11. Partial shipment Allowed
12. Transshipment Allowed
13. Incoterms CIP ____   or  FCA _____
(as showing on Order Acknowledgement)
14. Description of goods as per Order Acknowledgement
15.

Following Documents should be provided, if applicable:

  • Delivery Note or  Packing List in 1 original.
  • For sea shipments: Full set Clean On Board Ocean Bills of Lading (3 originals) made out to the order of Opening Bank marked freight prepaid and notify applicant.
  • For truck shipments: CMR in 1 original.
  • Insurance Certificate in duplicate, in the currency of the credit subject to conditions of open policy.
  • Beneficiary’s commercial invoice  in 1 original plus 2 copies.
  • Other documents will be provided based on legal country requirements.

16. All Issuing bank charges including opening commission, LC amendment fees, late payment and late acceptance commissions are for the account of applicant.
All advising bank charges are for the account of the beneficiary.
Any confirmation charges are for the account of the beneficiary.
17. Tolerance Amount: +/- 10%
Tolerance Weight: +/- 10%
18.

All documents must bear the L/C number.
All original documents must be submitted to the advising bank by UPS/DHL/TNT/FEDEX.
Only spelling or typing errors affecting figures should be considered as a discrepancy.
Corrections to documents effected by the issuer are acceptable.
Documents issued in English/Spanish are acceptable.
Transport documents issued by 3rd parties are acceptable.
Short description of goods is acceptable on all transport documents, as long as not in conflict with L/C.
Shipment requirements will be based on INCOTERMS 2010.

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