Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

PART 2 Male out a Bill of Exchange according to the stipulations of the following LIC and then give names of the three parties concerned(30%)

image text in transcribed
PART 2 Male out a Bill of Exchange according to the stipulations of the following LIC and then give names of the three parties concerned(30%) Letter of Credit THE CHARTERED BANK Singapore frevocable L/C No.94625 To China National Import & Export Corp. Shanghai Branch Dear Sirs Date: for a sum authorized to drawn on Hua Feng Trading Co, Singapore USD7, 850.00 CIF (SAY US DOLLARS SEVEN THOUSAND AND FIFTY ONLY) available by your dra ecompanied ONLY) available by your draft, drawn in duplicate, on them nied b y the following documents: o" clean shoped on board at Freight collect 2) Signed Invoice in triplicate 3) Certificate of Origin in duplicate 4) Insurance Policy in duplicate covering WPA & We plus 10%. Evidencing shigment from Shanghai to Singspore of the followins 500 dozen T-shirts as per SC No. 1023 dated An. Shipment 1) Transshipment is prohibited 2) Partial shipment is permitted. This credit expire on Aug 18, 2015 and is subject to the Uniform for Documentary Credits (2007 Revihion) international Chamber ut hs Publication No.600 ol tnnes Bill of Exchange Shanghai, China 25 April 20 No.G 10/86 EXCHANGE FOR ASight of this (FIRST of) exchange (the SECOND of te and date being unpaid) pay to the order of China National Import&Ee Shanghai Branch the sum of UC NO Drawn under_ (signed) PART 2 Male out a Bill of Exchange according to the stipulations of the following LIC and then give names of the three parties concerned(30%) Letter of Credit THE CHARTERED BANK Singapore frevocable L/C No.94625 To China National Import & Export Corp. Shanghai Branch Dear Sirs Date: for a sum authorized to drawn on Hua Feng Trading Co, Singapore USD7, 850.00 CIF (SAY US DOLLARS SEVEN THOUSAND AND FIFTY ONLY) available by your dra ecompanied ONLY) available by your draft, drawn in duplicate, on them nied b y the following documents: o" clean shoped on board at Freight collect 2) Signed Invoice in triplicate 3) Certificate of Origin in duplicate 4) Insurance Policy in duplicate covering WPA & We plus 10%. Evidencing shigment from Shanghai to Singspore of the followins 500 dozen T-shirts as per SC No. 1023 dated An. Shipment 1) Transshipment is prohibited 2) Partial shipment is permitted. This credit expire on Aug 18, 2015 and is subject to the Uniform for Documentary Credits (2007 Revihion) international Chamber ut hs Publication No.600 ol tnnes Bill of Exchange Shanghai, China 25 April 20 No.G 10/86 EXCHANGE FOR ASight of this (FIRST of) exchange (the SECOND of te and date being unpaid) pay to the order of China National Import&Ee Shanghai Branch the sum of UC NO Drawn under_ (signed)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Payroll Audit

Authors: Robert Leach

1st Edition

0955970792, 978-0955970795

More Books

Students also viewed these Accounting questions