Class work Lertter of credit Ervhilas verdes - Word (Product Activation Failed) ? 0 - 0 FILE HOME INSERT DESIGN PAGE LAYOUT REFERENCES MAILINGS REVIEW VIEW ACROBAT Microsoft account a+ A A _ Signature Line Do Date & Time Cover Blank Page Pictures Online Shapes SmartArt Chart Screenshot Apps for Online Hyperlink Bookmark Cross- Comment Header Footer Page Text Quick WordArt Drop Equation Symbol Page - Page Break Pictures Office - Video reference Number Box Parts Cap Object - Page Tables Illustrations Apps Media Links Comments Header & Footer Text Symbols Class work INB355 Testing the understanding of a Letter of Credit 45 marks FIN UAK 1:F21BSPLAUS66WAXXX0687086568} * ** (4: {177: Date and Time (YYMMDDHHMM) :170903 0737} (451: acceptance/rejection: o} } * * {1: FIN MESSAGE/Session/OSN FOI BSPSPABRXXX 0687 086568} 12: Output Message Type 700 issue of a documentary credit Input Time/MIR 1600 960902BSPUS2766568524 Received from BSPSPABR Banco San Paolo Sao Paulo (branch) Output Date/time 17090310737010 0710 * * Priority/Delivery/Obsol. Normal} * * :27 sequence of total: 1/1 :40A form of documentary credit: IRREVOCABLE :20 documentary credit no.: Activate Windows Go to Settings to activate Windows. 1015100009530 Type here to search O e X WE 12:11 AM E 4/4/2023Class work Lertter of credit Ervhilas verdes - Word (Product Activation Failed) ? 0 - 0 FILE HOME INSERT DESIGN PAGE LAYOUT REFERENCES MAILINGS REVIEW VIEW ACROBAT Microsoft account a+ # A A Z' Signature Line Date & Time Cover Blank Page Pictures Online Shapes SmartArt Chart Screenshot Apps for Online Hyperlink Bookmark Cross- Comment Header Footer Page Text Quick WordArt Drop Page - Page Break Pictures Office - Video reference Number Box Parts Object ~ Equation Symbol Cap . Page Tables Illustrations App Media Links Comments Header & Footer Text Symbols :* * :31C date if issue: 170902 :31D date and place of expiry: 171016 SEATTLE, WA :50 applicant: PRODUTOS ALIMETICIOS LTDA AVE DES CONQUISTADORS SAO PAULO, BRASIL :59 beneficiary: COMMODITIES TRADING CO. INC. 6300 MONTGOMERY ST KALISPELL, MT 00101 USA :32B currency code amount: currency code : USD US DOLLAR amount : #99799.14# Activate Windows Go to Settings to activate Windows. Type here to search WE 12:11 AM E 4/4/2023Class work Lertter of credit Ervhilas verdes - Word (Product Activation Failed) ? 0 - 0 FILE HOME INSERT DESIGN PAGE LAYOUT REFERENCES MAILINGS REVIEW VIEW ACROBAT Microsoft account a+ # A A Z' Signature Line Date & Time Cover Blank Page Pictures Online Shapes SmartArt Chart Screenshot Apps for Online Hyperlink Bookmark Cross- Comment Header Footer Page Text Quick WordArt Drop Equation Symbol Page - Page Break Pictures Office - Video reference Number Box Parts Cap . Object ~ Page Tables Illustrations Apps Media Links Comments Header & Footer Text Symbols * ** :41D available with/by-swift addr: BSPLAUS66 BANCO SAN PAOLO LOS ANGELES AGENCY :42C drafts at: 270 DAYS AFTER B/L DATE :42A drawee - BIC: YOURSELVES :43P partial shipment: PERMITTED :43T transshipment: PROHIBITED :44B for transportation to: CFR, FROM ANY PORT OF CANADA OR USA TO SANTOS-SP PORT :44C latest date of shipment: 171006 :45A descryoods and/or services: ERVILHAS VERDES, CANADENSES STRICTLY IN ACCORDANCE WITH IMPORT PERMIT NR:0299-00/0677-5 46A documents required: Activate Windows * * +SIGNED COMMERCIAL INVOICE IN TWO ORIGINALS AND TREECOPIES Go to Settings to activate Windows. CONTAINING COMPLETE DESCRIPTION OF THE GOODS AS WELL AS BNFS Type here to search O e Ed WE 12:11 AM E 4/4/2023Class work Lertter of credit Ervhilas verdes - Word (Product Activation Failed) ? 0 - 0 FILE HOME INSERT DESIGN PAGE LAYOUT REFERENCES MAILINGS REVIEW VIEW ACROBAT Microsoft account a+ A A A _'Signature Line me -27 Date & Time Cover Blank Page Pictures Online Shapes SmartArt Chart Screenshot Apps for Online Hyperlink Bookmark Cross- Comment Header Footer Page Text Quick WordArt Drop Page - Page Break Pictures Office - Video reference Number Box Parts Cap Object ~ Equation Symbol Page Tables Illustrations Apps Media Links Comments Header & Footer Text Symbols DECARATION STATING THAT IT IS IN ACCORDANCE WITH THE IMPORT ** * PERMIT A.M. AND AMENDMENTS THERETO IF ANY +2/3 ORIGINAL PLUS THREE COPIES OF CLEAN ON BOARD BILL OF LADING CONSIGNED TO THE ORDER OF PRODUTOS ALIMETICIOS LTDA AND MARKED "FREIGHT PREPAID" SHOWING IN FIGURES AND WORDS THE AMOUNT OF FREIGHT PREPAID, INDICATING TRANSPORTING COMPANY AND VESSEL'S NAME, SHIPPING DATE AND B/L NUMBER +COPY OF BNFS' TELEX/FAX IN WHICH THEY HAVE ADVISED US AND ALSO * * THE APPLICANT QUOTING THE NR. OF THIS L/C WITHIN TWO WORKING DAYS AFTER SHIPPING DATE OF THE FOLLOWING INFORMATION: 1) THE INVOICED CFR AMOUNT 2) THE AMOUNT OF FREIGHT PREPAID 3) THE DATE OF SHIPMENT * * 4) B/L NUMBER 5) TRANSPORTING COMPANY AND VESSEL'S NAME Activate Windows Go to Settings to activate Windows. Type here to search O i mea O X WE 12:11 AM E 4/4/2023Class work Lertter of credit Ervhilas verdes - Word (Product Activation Failed) ? 0 - 0 FILE HOME INSERT DESIGN PAGE LAYOUT REFERENCES MAILINGS REVIEW VIEW ACROBAT Microsoft account a+ A A A _' Signature Line " Do Date & Time Cover Blank Page Pictures Online Shapes SmartArt Chart Screenshot Apps for Online Hyperlink Bookmark Cross- Comment Header Footer Page Text Quick WordArt Drop Equation Symbol Page - Page Break Pictures Office - Video reference Number Box * Parts Cap - Object - Page Tables Illustrations Apps Media Links Comments Header & Footer Text Symbols THE CONTENTS OF THIS MESSAGE MUST BE FULFILLED FOR INSURANCE PURPOSE +DRAFT IN DUPLICATE ISSUED BY BENEFICIARY DUE AT 270 DAYS AFTER B/L DATE DRAWN ON APPLICANT SHOWING THE NUMBER OF THIS L/C +BENEFICIARIES DECELARATION WHETHER THEY WILL OR NOT AVAIL THEMSELVES OF THE REMAINING BALANCE, IF ANY, AND IN THE LATTER CASE THEIR AGREEMENT TO ITS CANCELLATION +ORIGIN CERTIFIATE IN ORIGINAL AND TWO COPIES * * +PHITOSANITARY CERTIFICATE IN ORIGINAL AND TWO COPIES +PACKING LIST WITH CODE AND DATE OF PRODUCTION AND MATURITY IN TWO ORIGINALS AND TWO COPIES 47A additional conditions: +INSURANCE WILL BE COVERED HERE +WILL NOT BE ACCEPTED ANY ADDITIONAL CHARGES EXCEPT FREIGHT PREPAID AMOUNT ON BILL OF LADING +THE DOCUMENTS MUST BE SENT TO US BY D.H.L. COURIER Activate Windows +THIS L/C COVERS FOR VALUE NOT EXCEEDING USD.80.679, 14 THE Go to Settings to activate Windows. BALANCE IS ESTIMATE OF FREIGHT CHARGES Type here to search O e P3 12:12 AM E 4/4/2023Class work Lertter of credit Ervhilas verdes - Word (Product Activation Failed) ? 0 - 0 FILE HOME INSERT DESIGN PAGE LAYOUT REFERENCES MAILINGS REVIEW VIEW ACROBAT Microsoft account a+ # A A A _'Signature Line " Date & Time Cover Blank Page Pictures Online Shapes SmartArt Chart Screenshot Apps for Online Hyperlink Bookmark Cross- Comment Header Footer Page Text Quick WordArt Drop Equation Symbol Page - Page Break Pictures Office - Video reference Number Box Parts Cap . Object Page Tables Illustrations Apps Media Links Comments Header & Footer Text Symbols ON COMMERCIAL INVOICE MUST BE MENTIONED SEPARATELY THE VALUE FOB AND FREIGHT +IT IS MANDATORY THAT DOCUMENTS MUST BE PRESENTED TO BSPLAUS33 SINCE REIMBURSEMENT MUST BE EFFECTED TO SAID BANK ONLY +THE DRAFT REQUESTED ON FIELD 46A MUST BE CONSIDERED AS ADDITIONAL DOCUMENT SO, THE BENEFICIARY MUST ISSUE TWO (2) SET OF DRAFTS DRAWN ON YOURSELVES AND ALSO DRAWN ON APPLICANT * ** +THE BENEFICIARY MUST SENT ONE SET OF ORIGINAL DOCUMENTS TO PRODUTOS ALIMETICIOS LTDA BY COURIER WITHIN 08 (EIGHT) WORKING DAYS AFTER SHIPMENT AND BENEFICIARY'S CERTIFICATE TO THIS EFFECT IS REQUIRED * * +EXCEPT B/L OTHER REQUIRED DOCUMENTS CAN BE NEGOTIATED WITH COPIES * * +AS PER PREVIOUS AGREEMENT YR COST FOR CONFIRMATION OF THIS L/C Activate Windows Go to Settings to activate Windows. Type here to search OFme X P3 12:12 AM E 4/4/2023Class work Lertter of credit Ervhilas verdes - Word (Product Activation Failed) ? 0 - 0 FILE HOME INSERT DESIGN PAGE LAYOUT REFERENCES MAILINGS REVIEW VIEW ACROBAT Microsoft account a+ # A A _' Signature Line Date & Time Cover Blank Page Pictures Online Shapes SmartArt Chart Screenshot Apps for Online Hyperlink Bookmark Cross- Comment Header Footer Page Text Quick WordArt Drop Equation Symbol Page - Page Break Pictures Office - Video reference Number Box Parts Cap . Object - Page Tables Illustrations Apps Media Links Comments Header & Footer Text Symbols ARE: ADVISE: USD40.00 NEGOTIATION: 0,10 FLAT, MINIMUM USD. 75,00 PER NEGOTIATION CONFIRMATION: 0.25PCT A QURTER OR FRACTION, MINIMUM ACCEPTANCE: 2.25PCT PER YEAR :49 confirmation instructions: CONFIRM :53A reimbursing bank - BIC: BSPMIUS33 BANCO SAN PAOLO MIAMI, FL :78 instructions to pay/acceg bk: ON DUE DATE (I.E. 270 DAYS AFTER B/L DATE) FOR PAYMENT OF NEGOTIATED AMOUNT IN ACCORDANCE WITH TERMS AND CONDITIONS OF THIS L/C PLUS YR COMM/CHGS PLS CLAIM REIMBURSEMENT THRU BSPMUUS33 * * TO WHOM WE WILL INSTRUCT ACCORDINGLY, QUOTING OUR L/C NUMBER * * +IT IS OBLIGATORY THAT ALL BANKING CHARGES RELATIVE THIS L/C MUST BE MENTIONED IN YOUR REMITTANCE LETTER INFORMING US THE VALUE DATE OF REIMBURSEMENT CLAIM +BANKING CHARGES (EXCEPT IN THE CASE OF CANCELLATION Activate Windows Go to Settings to activate Windows. REGARDING NON NEGOTIATION OF DOCUMENTS) NOT MENTIONED IN Type here to search O e P3 12:12 AM E 4/4/2023Class work Lertter of credit Ervhilas verdes - Word (Product Activation Failed) ? 0 - 0 FILE HOME INSERT DESIGN PAGE LAYOUT REFERENCES MAILINGS REVIEW VIEW ACROBAT Microsoft account a+ # 1 A A A _'Signature Line " Date & Time Cover Blank Page Pictures Online Shapes SmartArt Chart Screenshot Apps for Online Hyperlink Bookmark Cross- Comment Header Footer Page Text Quick WordArt Drop Object ~ Equation Symbol Page - Page Break Pictures Office - Video reference Number Box Parts Cap Page Tables Illustrations Apps Media Links Comments Header & Footer Text Symbols REGARDING NON NEGOTIATION OF DOCUMENTS) NOT MENTIONED IN YOUR REMITTANCE LETTER ARE NOT ACCEPTABLE +REIMBURSEMENT IS SUBJECT TO ICC URR 525 :72 sender to receiver information: EXCEPT SO FAR AS OTHERWISE EXPRESSLY STATED THIS L/C IS SUBJECT TO UCP DC (2007 REVISION) UCP NR 600 THIS SWIFT MESSAGE IS THE OPERATIVE INSTRUMENT AND NO CONFIRMATION FOLLOWS (5: {MAC:E19BD17F} Authentication Result * * (CHK:5FAED9763816; Checksum Trailer (DLM:} Delayed Message} *End This L/C is in the SWIFT format Activate Windows Go to Settings to activate Windows. Type here to search OX P XI s WE 12:12 AM E 4/4/2023Class work Lertter of credit Ervhilas verdes - Word (Product Activation Failed) ? 0 - 0 FILE HOME INSERT DESIGN PAGE LAYOUT REFERENCES MAILINGS REVIEW VIEW ACROBAT Microsoft account a+ A A Z'Signature Line ~ me # Date & Time Cover Blank Page Pictures Online Shapes SmartArt Chart Screenshot Apps for Online Hyperlink Bookmark Cross- Comment Header Footer Page Text Quick WordArt Drop Equation Symbol Page - Page Break Pictures Office - Video reference Number Box Parts Cap Object Page Tables Illustrations Apps Media Links Comments Header & Footer Text Symbols Letter of Credit Analysis Read carefully the entire Letter of Credit and answer the questions. Write (record) the fields' numbers from where you found the answer, beside each answer: 35 marks a. Issuing bank b. Advising bank c. Type of credit d. Buyer e . Seller Activate Windows Go to Settings to activate Windows. f. Settlement Type here to search O mea O X P3 8 XI S WE 12:12 AM E 4/4/2023Class work Lertter of credit Ervhilas verdes - Word (Product Activation Failed) ? 0 - 0 FILE HOME INSERT DESIGN PAGE LAYOUT REFERENCES MAILINGS REVIEW VIEW ACROBAT Microsoft account a+ # A A Z'Signature Line ~ Date & Time Cover Blank Page Pictures Online Shapes SmartArt Chart Screenshot Apps for Online Hyperlink Bookmark Cross- Comment Header Footer Page Text Quick WordArt Drop Equation Symbol Page - Page Break Pictures Office - Video reference Number Box Parts Cap . Object - Page Tables Illustrations Apps Media Links Comments Header & Footer Text Symbols g. Dates relevant to this credit Activate Windows Go to Settings to activate Windows. Type here to search mean O X WE 12:12 AM E 4/4/2023Class work Lertter of credit Ervhilas verdes - Word (Product Activation Failed) ? 0 - 0 FILE HOME INSERT DESIGN PAGE LAYOUT REFERENCES MAILINGS REVIEW VIEW ACROBAT Microsoft account a+ # A A Z'Signature Line ~ Date & Time Cover Blank Page Table Pictures Online Shapes SmartArt Chart Screenshot Apps for Online Hyperlink Bookmark Cross- Comment Header Footer Page Text Quick WordArt Drop Equation Symbol Page - Page Break Pictures Office - Video reference Number Box Parts Cap . Object ~ Page Tables Illustrations Apps Media Links Comments Header & Footer Text Symbols h. How many types of documents does the LC call for? List all the documents required by this LC. i. Please specify the documents that can be prepared in the office and the documents you have to ask other organizations to prepare or certify them. Activate Windows Go to Settings to activate Windows. Type here to search O e O X P3 WE 12:13 AM E 4/4/2023Class work Lertter of credit Ervhilas verdes - Word (Product Activation Failed) ? 0 - 0 FILE HOME INSERT DESIGN PAGE LAYOUT REFERENCES MAILINGS REVIEW VIEW ACROBAT Microsoft account a+ # A A ' Signature Line Do Date & Time Cover Blank Page Table Pictures Online Shapes SmartArt Chart Screenshot Apps for Online Hyperlink Bookmark Cross- Comment Header Footer Page Text Quick WordArt Drop Equation Symbol Page - Page Break Pictures Office - Video reference Number Box Parts Cap Object Page Tables Illustrations Apps Media Links Comments Header & Footer Text Symbols j. How do you get these documents? k. What do you believe it is the biggest problem when some documents under LC are to be prepared by other organizations? 1. Does this LC require a DRAFT? What is another name for the draft? m. This is a CONFIRMED Letter of Credit. Explain what a CONFIRMED LC is and which bank confirmed this LC. 5 marks Activate Windows Go to Settings to activate Windows. Type here to search Ofmean O X 12:13 AM E 4/4/2023Class work Lertter of credit Ervhilas verdes - Word (Product Activation Failed) ? 0 - 0 FILE HOME INSERT DESIGN PAGE LAYOUT REFERENCES MAILINGS REVIEW VIEW ACROBAT Microsoft account a+ # A A _' Signature Line Date & Time Cover Blank Page Table Pictures Online Shapes SmartArt Chart Screenshot Apps for Online e Hyperlink Bookmark Cross- Comment Header Footer Page Text Quick WordArt Drop Object - Equation Symbol Page - Page Break Pictures Office - Video reference Number Box Parts Cap . Page Tables Illustrations Apps Media Links Comments Header & Footer Text Symbols n. Identify the type of the above Letter of credit and explain : The steps of issuing this credit (you have to identify the parties from the LC) 5 marks Activate Windows Go to Settings to activate Windows. O X P XI s 12:13 AM Type here to search WE E 4/4/2023Class work Lertter of credit Ervhilas verdes - Word (Product Activation Failed) ? 0 - 0 FILE HOME INSERT DESIGN PAGE LAYOUT REFERENCES MAILINGS REVIEW VIEW ACROBAT Microsoft account a+ # A A Z'Signature Line ~ Do Date & Time Cover Blank Page Table Pictures Online Shapes SmartArt Chart Screenshot Apps for Online e Hyperlink Bookmark Cross- Comment Header Footer Page Text Quick WordArt Drop Equation Symbol Page - Page Break Pictures Office - Video reference Number Box Parts Cap . Object - Page Tables Illustrations Apps Media Links Comments Header & Footer Text Symbols o. List 3 advantages and 2 disadvantages of an LC as a Method of Payment 5 marks Activate Windows Go to Settings to activate Windows. Type here to search OmeBox PICS 12:13 AM E 4/4/2023Class work Lertter of credit Ervhilas verdes - Word (Product Activation Failed) ? 0 - 0 FILE HOME INSERT DESIGN PAGE LAYOUT REFERENCES MAILINGS REVIEW VIEW ACROBAT Microsoft account a+ # A A Z'Signature Line ~ Do Date & Time Cover Blank Page Table Pictures Online Shapes SmartArt Chart Screenshot Apps for Online e Hyperlink Bookmark Cross- Comment Header Footer Page Text Quick WordArt Drop Equation Symbol Page - Page Break Pictures Office - Video reference Number Box Parts Cap . Object - Page Tables Illustrations Apps Media Links Comments Header & Footer Text Symbols o. List 3 advantages and 2 disadvantages of an LC as a Method of Payment 5 marks Activate Windows Go to Settings to activate Windows. Type here to search OmeBox PICS 12:13 AM E 4/4/2023Class work Lertter of credit Ervhilas verdes - Word (Product Activation Failed) ? 0 - 0 FILE HOME INSERT DESIGN PAGE LAYOUT REFERENCES MAILINGS REVIEW VIEW ACROBAT Microsoft account On the template provided, prepare a commercial invoice as per this LC 5 marks PLEASE note: you are missing info for a perfect invoice. Use just the info from your LC. COMMERCIAL INVOICE Seller Consignee Buyer: (if not consignee) Reference No. Date Invoice No. Vessel/Flight No. Buyer's Ref No. Date Port/Airport of Country of Origin of Country of Destination Loading Goods Method of Payment Terms of Delivery Currency Marks & No. of Product Description Unit Total Nos. units Price Activate Windows Go to Settings to activate Windows. 12:25 AM Type here to search ofmeBox P3 8 XI EM E 4/4/2023