Bills of Ladings Required for Letters of Credit

Please note that there are special considerations when preparing a negotiable B$/$L based on letter of credit instructions. Proper $$loaded on board$$ notations, trans$-$shipment considerations, valid signatures and endorsements, as well as a flawlessly prepared B$/$L are required in order for the banks to accept it$.$ The rules and regulations as set out in UCP $600$ are explained in detail in the International Payments Chapters of the Essentials of Freight Forwarding Program.

Shipment Details:

x $40$ crates of automotive parts x The dimensions of each crate are $4\mathrm{.}5$ ft L x $4\mathrm{.}5$ ft W x $3\mathrm{.}5$ ft H x The weight of each crate is $1,000$ kg$.$

Shipper: ABC Automotive Inc.

$123$ Jarvis Avenue

Toronto, Ontario

G$5$G $7$J$8$

Consignee: Autovroon Ltd$.$

$456$ Postbus Avenue

Rotterdam, Holland $09900$

Routing:

Canada Trucking from Toronto to Montreal; Canadian Mediterranean Line Montreal to Rotterdam, Voyage $14$E on board SS Star; Dutch Delivery in Rotterdam to be arranged by the Consignee.

Terms of Trade: Door Toronto the port of Rotterdam, Holland.

You have quoted the following prices:

Exchange rate $1$ USD $=1$ CAD

Ocean Freight:

$20-$ft standard containers: USD $$2,900\mathrm{.}00$ each container

$40-$ft standard containers: USD $$4,300\mathrm{.}00$ each container

LCL cargo: USD $$95\mathrm{.}00/$m$3$

Inland pickup and delivery from Toronto to Montreal Terminal:

$20-$ft standard container: CAN $$350\mathrm{.}00$ each container

$40-$ft standard container: CAN $$400\mathrm{.}00$ each container

LCL cargo: CAN $$10\mathrm{.}00/$m$3$

Forwarder$$s fees: CAN $$55\mathrm{.}00$ per container

Documentation: CAN $$55\mathrm{.}00$ a shipment