INSURANCE IS COVERED BY APPLICANT.ALL SHIPMENTS UNDER THIS CREDIT MUST BE ADVISED BY BENEFICIARY AFTER SHIPMENT DIRECT TO MERCANTILE INSURANCE COMPANY LTD,UESSORE BRANCH,M.R.ROAD,BANGLADESH AND TO THE APPLICANT REFERRING TO COVER NOTE NO.MICL/JESS/MC-164/07/2012 DT.16.07.2012 GIVING FULL DETAILS OF SHIPMENT.A COPY OF THE ADVICE IS TO ACCOMPANY EACH SET OF DOCUMENTS.