first, examine the letter of credit and list the terms to be amended, second, write an amendment letter to the applicant for amendment
Examine the following credit FROM: CIM BANK NEW YORK TO: BANK OF CHINA QINGDAO BRANCH 120 HUAYANG ROAD, QINGDAO PEOPLE'S REP. OF CHINA DATE OF ISSUE: 26-May-2012 PLEASE ADVICE BENEFICIARY OF THE FOLLOWING REVOCABLE LETTER OF CREDIT ISSUED BY US IN FAVOR OF THE BENEFICIARY SUBJECT TO UCP600: DOCUMENTARY CREDIT NUMBER: DD-NMDTLC01 FORM OF DOC. CREDIT: REVOCABLE DATE AND PLACE OF EXPIRY: June 10- 2012, IN U.S.A. APPLICANT: NMDT TRADING CO., LTD. 2356 CHURCH ROAD NEW YORK, PA 25669 U.S.A. BENEFICIARY: QINGDAO DONGDI TRADING CO. LTD NO.797 YUANDA ROAD QINGDAO, CHINA AMOUNT: USD212,218.20 SAY UNITED STATES DOLLARS TWO HUNDRED AND TWELVE THOUSAND TWO HUNDRED AND EIGHTEEN POINT TWO ONLY. AVAILABE WITH:ANY BANK BY: NEGOTIATION OF BENEFICIARY'S DRAFT (S) AT 60 DAYS' SIGHT OF FULL INVOICE VALUE DRAWN ON CIM BANK, NEW YORK, ACCOMPANIED BY THE DOCUMENTS INDICATED HEREIN. COVERING COMMODITY: BLOUSE (FREE SIZE) ART. NO. QUANTITY D501 180 PIECES D502 180 PIECES D503 180 PIECES PRICE TERM: CIFS NEW YORK SHIPPING MARK: DD-NMDTSC006/NMDA TRADING/NEWYORK/NO.1-UP DOCUMENTS REQUIRED: ORIGINAL SIGNED COMMERCIAL INVOICE IN 3 FOLD INDICATING TOTAL VALUE IN U.S. DOLLARS AND S/C NO.. - PACKING LIST IN 3 FOLD INDICATING GROSS WEIGHT, NET WEIGHT AND MEASUREMENT OF EACH PACKAGE. - CERTIFICATE OF ORIGIN IN ONE FOLD ORIGINAL ISSUED BY QINGDAO ENTRY-EXIT INSPECTION AND QUARANTINE BUREAU. INSURANCE POLICY IN 3 FOLD ENDORSED IN BLAND FOR THE INVOICE VALUE PLUS 120% COVERING F.P.A. AND WAR RISK SUBJECT TO OCEAN MARINE CARGO CLAUSES OF ICC DATED 1/1/1982. INSURANCE CLAIMS TO BE PAYABLE IN NEWYORK IN THE CURRENCY OF THE DRAFT. - 3/3 SET ORIGINAL AND ONE COPY OF CLEAN ON BOARD OCEAN TONYS OF LADING MADE OUT TO ORDER OF SHIPPER AND BLANK ENDORSED MARKED FREIGHT PREPAID AND L/C NO. AND NOTIFY APPLICANT (WITH FULL NAME AND ADDRESS ). - INSPECTION CERTIFICATE IN 2 FOLD ISSUED BY AQSIQ. PARTIAL SHIPMENTS: TRANSSHIPMENTS: SHIPMENT FROM: NOT LATER THAN: PROHIBITTED PROHIBITTED YANDAI, CHINA TO: NEW YORK MAY 10, 2012 DOCUMENTS MUST BE PRESENTED WITHIN 15 DAYS AFTER SHIPMENT, BUT WITHIN VALIDITY OF THE CREDIT. INSTRUCTIONS TO THE NEGOTIATING BANK NEGOTIATING BANK IS TO FORWARD ALL DOCUMENTS IN ONE AIRMAIL TO CIM BANK NEW YORK, 376 WATER STREET, ROOM 5563, NEW YORK, NEW YORK 10041 U.S.A ATTN: LETTER OF CREDIT DEPARTMENT JEND OF MESSAGE Complete the following questions List the results of examination Example, "form of documentary credit" should be irrevocable; Based on the results of the examination, a letter of amendment was prepared requesting that all discrepancies be identified and that an explanation be provided as to how the corrections should be made. (note: If space is not enough,pages can be added.) PS: SALES CONFIRMATION S/C No.: TY-MHSC006 Date: 10-May-2012 The Seller: QINGDAO DONGDI TRADING The Buyer: NMDT TRADING COMPANY LIMITED CO.LTD. Address: NO.977 YUANDA ROAD, Address: 2356 CHURCH ROAD NEWYORK, QINGDAO, CHINA PA 25669 U.S.A. E-Mail: Marry Wang @sina.com E-Mail: Tony Phillipsk@hotmail.com Fax: 0086-0532-87553537 Fax: 215-268-5866 Item No 1 2 3 Unit Price Amount Commodity & Specifications Unit Quantity LUSS) JUSSI BLOUSE (FREE SIZE CIFC3 NEWYORK ART NO T501 RED DOZEN 180 226.33 40739.40 ART.NO.T502 BLUE DOZEN 180 226.33 40729.40 ART.NO.1503 WHITE DOZEN 180 226.33 49739.40 122218.20 US DOLLARS ONE HUNDRED AND TWENTY TWO THOUSAND TWO HUNDRED EIGHTEEN TOTAL CONTRACT VALUE: POINT TWO ONLY PACKING: ART. NO.T501\T502\T503 TO BE PACKED IN CARTONS OF 4 DOZENS EACH, TOTAL 135 CARTONS, ALL PRODUCTS THEN IN THREE 20' CONTAINERS PORT OF FROM QINGDAO, CHINA TO NEW YORK, AMERICA LOADING & DESTINATION: TIME OF SHIPMENT IN JUNE 2012 AFTER RECEIVING THE IRREVOCABLE U/C SHIOPMENT: (WITH PARTIAL SHIPMENT AND TRANSHIOPMENT ALLOWED) TERMS OF THE BUYER SHALL OPEN AN IRREVOCABLE L/C THROUGH A BANK PAYMENT: (APPROVED BY SELLER BEFORE THE END OF MAY 2012, THE L/C SHALL BE IN FAVOR OF THE SELLER ADN AVAILABLE BY DRAFT AT SIGHT FOR FULL INVOICE VALUE AND REMAIN VALID FOR NEGOTIATION IN CHINA FOR 15 DAYS AFTER SHIPMENT). INSURANCE: TO BE EFFECED BY THE SELLER FOR 110% OF TOTAL INVOICE VALUE AGAINST ALL RISKS AND WAR RISK AS PER THE OCEAN MARINE CARGO CALAUSES OF PICC 01/01/1981. REMARKS: 1. The buyer shall have the covering letter of credit reach the Seller 30 days before shipment, failing which the Seller reserves the right to rescind without further notice, or to regard as still valid whole or any part of this contract not fulfilled by the Buyer, or to lodge a claim for losses thus sustained, if any. 2. In case of any discrepancy in Quality/Quantity, claim should be filed by the Buyer within 130 days after the arrival of the goods at port of destination; while for quantity discrepancy, claim should be filed by the Buyer within 150 days after the arrival of the goods at port of destination For transactions concluded on C..F. basis, it is understood that the insurance amount will be for 110% of the invoice value against the risks specified in the Sales Confirmation. If additi required, the Buyer must have the consent of the Selleronal amount or coverage before Shipment, and the additional premium is to be borne by the Buyer. The Seller shall not hold liable for non-delivery or delay in delivery of the entire lot or a portion of the goods hereunder by reason of natural disasters, war or other causes of Force Majeure. However, the Seller shall notify the Buyer as soon as possible and furnish the Buyer within 15 days by registered airmail with a certificate issued by the China Council for the Promotion of International Trade attesting such event(s). All deputies arising out of the performance of, or relating to this contract, shall be settled through negotiation. In case no settlement can be reached through negotiation, the case shall then be submitted to the China International Economic and Trade arbitration Commission for arbitration in accordance with its arbitral rules. The arbitration shall take place in Beijing. The arbitral award is final and binding upon both parties. 6. The Buyer is requested to sign and return one copy of this contract immediately after receipt of the same. Objection, if any, should be raised by the Buyer within 3 working days, otherwise it is understood that the Buyer has accepted the terms and conditions of this contract. Special conditions: ( These shall prevail over all printed terms in case of any conflict. ) Confirmed by: THE SELLER: THE BUYER: MANAGER MANAGER (signature) Tom Wang (signature) Tony Phillips QINGDAO DONGDI TRADING NMDT TRADING CO.LTD. COMPANY LIMITED Complete the following questions List the results of examination Example, "form of documentary credit" should be irrevocable; Based on the results of the examination, a letter of amendment was prepared requesting that all discrepancies be identified and that an explanation be provided as to how the corrections should be made. (note: If space is not enough,pages can be added.) Examine the following credit FROM: CIM BANK NEW YORK TO: BANK OF CHINA QINGDAO BRANCH 120 HUAYANG ROAD, QINGDAO PEOPLE'S REP. OF CHINA DATE OF ISSUE: 26-May-2012 PLEASE ADVICE BENEFICIARY OF THE FOLLOWING REVOCABLE LETTER OF CREDIT ISSUED BY US IN FAVOR OF THE BENEFICIARY SUBJECT TO UCP600: DOCUMENTARY CREDIT NUMBER: DD-NMDTLC01 FORM OF DOC. CREDIT: REVOCABLE DATE AND PLACE OF EXPIRY: June 10- 2012, IN U.S.A. APPLICANT: NMDT TRADING CO., LTD. 2356 CHURCH ROAD NEW YORK, PA 25669 U.S.A. BENEFICIARY: QINGDAO DONGDI TRADING CO. LTD NO.797 YUANDA ROAD QINGDAO, CHINA AMOUNT: USD212,218.20 SAY UNITED STATES DOLLARS TWO HUNDRED AND TWELVE THOUSAND TWO HUNDRED AND EIGHTEEN POINT TWO ONLY. AVAILABE WITH:ANY BANK BY: NEGOTIATION OF BENEFICIARY'S DRAFT (S) AT 60 DAYS' SIGHT OF FULL INVOICE VALUE DRAWN ON CIM BANK, NEW YORK, ACCOMPANIED BY THE DOCUMENTS INDICATED HEREIN. COVERING COMMODITY: BLOUSE (FREE SIZE) ART. NO. QUANTITY D501 180 PIECES D502 180 PIECES D503 180 PIECES PRICE TERM: CIFS NEW YORK SHIPPING MARK: DD-NMDTSC006/NMDA TRADING/NEWYORK/NO.1-UP DOCUMENTS REQUIRED: ORIGINAL SIGNED COMMERCIAL INVOICE IN 3 FOLD INDICATING TOTAL VALUE IN U.S. DOLLARS AND S/C NO.. - PACKING LIST IN 3 FOLD INDICATING GROSS WEIGHT, NET WEIGHT AND MEASUREMENT OF EACH PACKAGE. - CERTIFICATE OF ORIGIN IN ONE FOLD ORIGINAL ISSUED BY QINGDAO ENTRY-EXIT INSPECTION AND QUARANTINE BUREAU. INSURANCE POLICY IN 3 FOLD ENDORSED IN BLAND FOR THE INVOICE VALUE PLUS 120% COVERING F.P.A. AND WAR RISK SUBJECT TO OCEAN MARINE CARGO CLAUSES OF ICC DATED 1/1/1982. INSURANCE CLAIMS TO BE PAYABLE IN NEWYORK IN THE CURRENCY OF THE DRAFT. - 3/3 SET ORIGINAL AND ONE COPY OF CLEAN ON BOARD OCEAN TONYS OF LADING MADE OUT TO ORDER OF SHIPPER AND BLANK ENDORSED MARKED FREIGHT PREPAID AND L/C NO. AND NOTIFY APPLICANT (WITH FULL NAME AND ADDRESS ). - INSPECTION CERTIFICATE IN 2 FOLD ISSUED BY AQSIQ. PARTIAL SHIPMENTS: TRANSSHIPMENTS: SHIPMENT FROM: NOT LATER THAN: PROHIBITTED PROHIBITTED YANDAI, CHINA TO: NEW YORK MAY 10, 2012 DOCUMENTS MUST BE PRESENTED WITHIN 15 DAYS AFTER SHIPMENT, BUT WITHIN VALIDITY OF THE CREDIT. INSTRUCTIONS TO THE NEGOTIATING BANK NEGOTIATING BANK IS TO FORWARD ALL DOCUMENTS IN ONE AIRMAIL TO CIM BANK NEW YORK, 376 WATER STREET, ROOM 5563, NEW YORK, NEW YORK 10041 U.S.A ATTN: LETTER OF CREDIT DEPARTMENT JEND OF MESSAGE Complete the following questions List the results of examination Example, "form of documentary credit" should be irrevocable; Based on the results of the examination, a letter of amendment was prepared requesting that all discrepancies be identified and that an explanation be provided as to how the corrections should be made. (note: If space is not enough,pages can be added.) PS: SALES CONFIRMATION S/C No.: TY-MHSC006 Date: 10-May-2012 The Seller: QINGDAO DONGDI TRADING The Buyer: NMDT TRADING COMPANY LIMITED CO.LTD. Address: NO.977 YUANDA ROAD, Address: 2356 CHURCH ROAD NEWYORK, QINGDAO, CHINA PA 25669 U.S.A. E-Mail: Marry Wang @sina.com E-Mail: Tony Phillipsk@hotmail.com Fax: 0086-0532-87553537 Fax: 215-268-5866 Item No 1 2 3 Unit Price Amount Commodity & Specifications Unit Quantity LUSS) JUSSI BLOUSE (FREE SIZE CIFC3 NEWYORK ART NO T501 RED DOZEN 180 226.33 40739.40 ART.NO.T502 BLUE DOZEN 180 226.33 40729.40 ART.NO.1503 WHITE DOZEN 180 226.33 49739.40 122218.20 US DOLLARS ONE HUNDRED AND TWENTY TWO THOUSAND TWO HUNDRED EIGHTEEN TOTAL CONTRACT VALUE: POINT TWO ONLY PACKING: ART. NO.T501\T502\T503 TO BE PACKED IN CARTONS OF 4 DOZENS EACH, TOTAL 135 CARTONS, ALL PRODUCTS THEN IN THREE 20' CONTAINERS PORT OF FROM QINGDAO, CHINA TO NEW YORK, AMERICA LOADING & DESTINATION: TIME OF SHIPMENT IN JUNE 2012 AFTER RECEIVING THE IRREVOCABLE U/C SHIOPMENT: (WITH PARTIAL SHIPMENT AND TRANSHIOPMENT ALLOWED) TERMS OF THE BUYER SHALL OPEN AN IRREVOCABLE L/C THROUGH A BANK PAYMENT: (APPROVED BY SELLER BEFORE THE END OF MAY 2012, THE L/C SHALL BE IN FAVOR OF THE SELLER ADN AVAILABLE BY DRAFT AT SIGHT FOR FULL INVOICE VALUE AND REMAIN VALID FOR NEGOTIATION IN CHINA FOR 15 DAYS AFTER SHIPMENT). INSURANCE: TO BE EFFECED BY THE SELLER FOR 110% OF TOTAL INVOICE VALUE AGAINST ALL RISKS AND WAR RISK AS PER THE OCEAN MARINE CARGO CALAUSES OF PICC 01/01/1981. REMARKS: 1. The buyer shall have the covering letter of credit reach the Seller 30 days before shipment, failing which the Seller reserves the right to rescind without further notice, or to regard as still valid whole or any part of this contract not fulfilled by the Buyer, or to lodge a claim for losses thus sustained, if any. 2. In case of any discrepancy in Quality/Quantity, claim should be filed by the Buyer within 130 days after the arrival of the goods at port of destination; while for quantity discrepancy, claim should be filed by the Buyer within 150 days after the arrival of the goods at port of destination For transactions concluded on C..F. basis, it is understood that the insurance amount will be for 110% of the invoice value against the risks specified in the Sales Confirmation. If additi required, the Buyer must have the consent of the Selleronal amount or coverage before Shipment, and the additional premium is to be borne by the Buyer. The Seller shall not hold liable for non-delivery or delay in delivery of the entire lot or a portion of the goods hereunder by reason of natural disasters, war or other causes of Force Majeure. However, the Seller shall notify the Buyer as soon as possible and furnish the Buyer within 15 days by registered airmail with a certificate issued by the China Council for the Promotion of International Trade attesting such event(s). All deputies arising out of the performance of, or relating to this contract, shall be settled through negotiation. In case no settlement can be reached through negotiation, the case shall then be submitted to the China International Economic and Trade arbitration Commission for arbitration in accordance with its arbitral rules. The arbitration shall take place in Beijing. The arbitral award is final and binding upon both parties. 6. The Buyer is requested to sign and return one copy of this contract immediately after receipt of the same. Objection, if any, should be raised by the Buyer within 3 working days, otherwise it is understood that the Buyer has accepted the terms and conditions of this contract. Special conditions: ( These shall prevail over all printed terms in case of any conflict. ) Confirmed by: THE SELLER: THE BUYER: MANAGER MANAGER (signature) Tom Wang (signature) Tony Phillips QINGDAO DONGDI TRADING NMDT TRADING CO.LTD. COMPANY LIMITED Complete the following questions List the results of examination Example, "form of documentary credit" should be irrevocable; Based on the results of the examination, a letter of amendment was prepared requesting that all discrepancies be identified and that an explanation be provided as to how the corrections should be made. (note: If space is not enough,pages can be added.)
