Persons entitled
- American Express Bank Limited.
Amount secured
All monies due or to become due from the company to the chargee on any account whatsoever
Short particulars
All its right title and interest in and to all sums due ,payable or owing to the company under any and all documentary letters of credit (present and future) opened in favour of the company and in reliance of which the bank, at the request of and for and on behalf of the company, opens (present and future) documentary letters of credit on substantially similar terms.