ADVISING BANK:
CREDIT SUISSE AG (SWIFT CODE: CRESCHZZ80A)
WE HEREBY ISSUE OUR IRREVOCABLE DOCUMENTARY LETTER OF CREDIT NO xxxxxxxxxxxxxxxx
BY ORDER AND FOR ACCOUNT OF:
DAE-OH INT’L, CO., LTD
(Jaesong-Dong),
#***, QB-e Centum Building, 90, Centum Jungang-ro,
Haeundae-gu, Busan, Korea
IN FAVOUR OF:
*** *** TRADING PTE. LTD.
61 ROBINSON ROAD
#12-02A ROBINSON CENTRE
SINGAPORE 068893
LC AMOUNT: USDXXX,XXX.00
VALIDITY: WITHIN 21DAYS AFTER SHIPMENT IN SINGAPORE
COVERING:
XXXXX MT OF GASOIL
PORT OF LOADING: Vladivostok, Russia ( Transhipment ex. Ulsan at HTKT)
LATEST SHIPMENT DATE: 22nd APRIL 2015
PRICE:
THE UNIT PRICE FOR CFR ULSAN, SOUTH KOREA SHALL BE USDXXXX PER MT.
CREDIT AVAILABLE WITH ANY BANK BY NEGOTIATION AT SIGHT AGAINST PRESENTATION OF THE FOLLOWING DOCUMENTS :
1. SIGNED ORIGINAL COMMERCIAL INVOICE AND 3(THREE) COPIES
2. FULL SET OF 3/3 ORIGINAL CLEAN on BOARD BILLS OF LADING ISSUED OR ENDORSED TO THE ORDER OF ISSUING BANK MARKED ‘CLEAN on BOARD, AND FREIGHT PAYABLE AS PER CHARTER PARTY’. (L/C NO. NOT REQUIRED on B/L AND ANY DOCUMENTS)
SPECIAL CONDITIONS:
1. CHARTER PARTY/ TANKER BILL OF LADING ACCEPTABLE.
2. PARTIAL SHIPMENT ALLOWED AND TRANSHIPMENT ALLOWED.
3. ALL BANK CHARGES INCURRED AT APPLICANT’S BANK ARE FOR ACCOUNT OF APPLICANT. ALL BANK CHARGES INCURRED AT BENEFICIARY’S BANK ARE FOR ACCOUNT OF BENEFICIARY.
4. DOCUMENTS PRESENTED LATER THAN 21 DAYS AFTER B/L DATE BUT WITHIN L/C VALIDITY ACCEPTABLE.
5. IN CASE PAYMENT DUE DATE FALLS on A SATURDAY OR NEW YORK BANKING HOLIDAY OTHER THAN MONDAY, THEN PAYMENT TO BE EFFECTED on THE PREVIOUS NEW YORK BANKING DAY PRIOR TO CLOSURE. IF PAYMENT DUE DATE FALLS on A SUNDAY OR A MONDAY BANK HOLIDAY IN NEW YORK , THEN PAYMENT TO BE EFFECTED on THE IMMEDIATELY FOLLOWING NEW YORK BANKING DAY AFTER CLOSURE.
6. PRESENTATION OF MORE THAN onE SET OF DOCUMENTS IS ACCEPTABLE.
7. THIRD PARTY DOCUMENTS ACCEPTABLE EXCEPT INVOICE.
8. TT REIMBURSEMENT IS ALLOWED.
9. TYPOGRAPHICAL OR SPELLING ERRORS THAT DO NOT AFFECT THE QUANTITY, DATE AND GOODS DESCRIPTION SHALL NOT CONSTITUTE AS DISCREPANCY.
10. NAME OR TITLE OF DOCUMENTS EXCEPT BILL OF LADING THAT ARE DIFFERENT FROM L/C WORDING BUT SERVE THE SAME PURPOSE ARE ACCEPTABLE.
11. ADVISING CHARGES WILL BE FOR BUYER’S ACCOUNT.
UPON RECEIPT OF YOUR AUTHENTICATED SWIFT CONFIRMING COMPLIANT PRESENTATION, WE UNDERTAKE TO EFFECT PAYMENT VALUE THE NEXT NEW YORK BANKING DAY OF SAID RECEIPT AT OUR COUNTERS IN ACCORDANCE WITH YOUR INSTRUCTIONS.
THIS LETTER OF CREDIT IS SUBJECT TO THE UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS, INTERNATIONAL CHAMBER OF COMMERCE PUBLICATION NO. 600
THIS TELEX IS THE OPERATIVE INSTRUMENT - NO MAIL CONFIRMATION FOLLOWS
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