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28 Sept 2009

Documentary Credit (D/C)

Sample of Documentary Credit (D/C)

 

DOCUMENTARY CREDIT

Page 1/2

FROM

 

 :

 

GOOD CREDIT BANK LIMITED

 
TO

 

 :

 

LUCKY BANK LTD, 18, LUCKY ROAD, CENTRAL, HONG KONG.
TYPE OF DOCUMENTARY CREDIT

 

 :

 

IRREVOCABLE
DOCUMENTARY CREDIT NO.

 

 :

 

8888/1998
DATE OF ISSUE

 

 :

 

01/10/98
DATE AND PLACE OF EXPIRY

 

 :

 

30/11/98 HONG KONG
APPLICANT

 

 :

 

XYZ CO LTD, 123 FIFTH AVE., TORONTO, TL111, CANADA
BENEFICIARY

 

 :

 

ABC COMPANY LIMITED, RM123, HOPE PLAZA, 18 HOPE ROAD, WAN CHAI, HONG KONG
CURRENCY AND AMOUNT

 

 :

 

US$505,000.
AVAILABLE WITH/BY

 

 :

 

ANY BANK IN HONG KONG
BY NEGOTIATION
DRAFT AT

 

 :

 

DRAFTS AT SIGHT
PARTIAL SHIPMENTS

 

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NOT ALLOWED
TRANSSHIPMENT

 

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NOT ALLOWED
LOADING IN CHARGE

 

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LOADING ON BOARD AT HONG KONG
FOR TRANSPORT TO

 

 :

 

FOR TRANSPORTATION TO TORONTO CANADA NOT LATER THAN 15.11.98

DESCRIPTION OF GOODS/SERVICES

1,000 SETS "SME" BRAND MODEL-l38 RADIO

TERMS ARE CIF TORONTO

 

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Page 2/2

DOCUMENTS REQUIRED (IN DUPLICATE UNLESS OTHERWISE STATED)

  • COMMERCIAL INVOICES

     

  • FULL SET OF CLEAN ON BOARD MARINE BILLS OF LADING MADE OUT TO SHIPPER'S ORDER AND ENDORSED IN BLANK MARKED “FREIGHT PREPAID” AND NOTIFY APPLICANT.

  • PACKING LIST

  • CUSTOMS INVOICES

  • ONE COPY OF MARINE INSURANCE POLICY FOR 110% CIF VALUE COVERING INSTITUTE CARGO CLAUSES A, INSTITUTE WAR CLAUSE AND INSTITUTE STRIKE CLAUSE

  • ONE COPY OF CERTIFICATE OF ORIGIN FORM A SHOULD BE SIGNED BY A CHAMBER OF COMMERCE OR OFFICIAL TRADE ASSOCIATION

     

CHARGES

  • ALL OTHER CHARGES OUTSIDE CANADA INCLUDING REIMBURSING CHARGES ARE FOR ACCOUNT OF BENEFICIARY SUBJECT TO UCP 525.

  • A DISCREPANCY FEE OF USD50.00 WILL BE DEDUCTED FROM THE PROCEEDS ON EACH SET OF DOCUMENTS PRESENTED WITH DISCREPANCY (IES), EVEN IF THE L/C INDICATES THAT ALL BANKING CHARGES ARE FOR ACCOUNT OF APPLICANT.

     

PERIOD FOR PRESENTATION

DOCUMENTS MUST BE PRESENTED WITHIN 10 DAYS AFTER THE DATE OF ISSUANCE OF THE TRANSPORT DOCUMENT BUT WITHIN THE VALIDITY OF THE CREDIT

CONFIRMATION INSTRUCTION

WITHOUT

INSTRUCTIONS TO THE PAYING / ACCEPTING / NEGOTIATING BANK

THE NEGOTIATING BANK IS AUTHORISED TO FORWARD DOCUMENTS TO GOOD CREDIT BANK LIMITED, 8TH FL, 328 FIFTH AVENUE TORONTO ,TL111 CANADA, BY ONE COURIER SHIPMENT.

UPON RECEIPT OF COMPLIED DOCUMENTS, WE SHALL EFFECT PAYMENT IN ACCORDANCE WITH PRESENTING BANK'S INSTRUCTIONS.

ALL DRAFT MUST BE MARKED: DRAWN UNDER GOOD CREDIT BANK LIMITED CREDIT NO.8888/1998.

SPECIAL INSTRUCTION :

SHIPPING MARKS:XYZ

TORONTO
C/N:1-1,000
MADE IN HONG KONG

SENDER TO RECEIVER INFORMATION :

SUBJECT TO U.C.P. (1993 REVISION) I.C.C. PUBLICATION NO. 500

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