Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Pls help fill in the blank. Irrevocable L/C: IRREVOCABLE LETTER OF CREDIT Issue of a Documentary Credit BKCHCNBJA08E SESSION: 000 ISN: 000000 BANK OF CHINA,

Pls help fill in the blank. Irrevocable L/C:
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
IRREVOCABLE LETTER OF CREDIT Issue of a Documentary Credit BKCHCNBJA08E SESSION: 000 ISN: 000000 BANK OF CHINA, LIAONING NO. 5 ZHONGSHAN SQUARE ZHONGSHAN DISTRICT, DALIAN, CHINA Destination Bank: KOEXKRSEXXX MESSAGE TYPE: KOREA EXCHANGE BANK SEOUL 178.2 KA, ULCHI RO, CHUNG-KO Type of Documentary Credit : IRREVOCABLE Letter of Credit Number :LC84E0081/99 Date of issue : 220916 Date and Place of Expiry: 221015 KOREA Applicant Bank : BANK OF CHINA LIAONING BRANCH Applicant : ALIAN WEIDA TRADING CO., LTD. Beneficiary : ANGYONG CORPORATION CPO BOX 110, SEOUL , KOREA Currency Code, Amount: USD 1,146,725.04 Available with...by... ANY BANK BY NEGOTIATION Drafts at 45 DAYS AFTER SIGHT Drawee : BANK OF CHINA LIAONING BRANCH Partial Shipments NOT ALLOWED Transhipment NOT ALLOWED Shipping on Board/Dispatch/Packing in Charge at/ from RUSSIAN SEA Transportation to: DALIAN PORT. P.R.CHINA Latest Date of Shipment :220913 Description of Goods or Services: FROZEN YELLOWFIN SOLE WHOLE ROUND (WITH WHITE BELLY) USDT7OIMT CFR DALIAN QUANTITY: 200MT ALASKA PLAICE (WITH YELLOW BELLY) USD600/MT CFR DALIAN QUANTITY: 300MT Documents Required: 1. SIGNED COMMERCIAL INVOICE IN 5 COPIES. 2. FULL SET OF CLEAN ON BOARD OCEAN BILLS OF LADING MADE OUT TO ORDER AND BLANK ENDORSED, MARKED "FREIGHT PREPAID" NOTIFYING LIAONING OCEAN FISHING CO., LTD. TEL: (86)411-3680288 3. PACKING LISTMNEIGHT MEMO IN 4 COPIES INDICATING QUANTITYIGROSS AND NET WEIGHTS OF EACH PACKAGE AND PACKING CONDITIONSAS CALLED FOR BY THE L/C. 4. A copy of sales contract 5. Draft ADDITIONAL INSTRUCTIONS: 47A 1. CHARTER PARTY B/L AND THIRD PARTY DOCUMENTS ARE ACCEPTABLE. 2. SHIPMENT PRIOR TO L/C ISSUING DATE IS ACCEPTABLE. 3. BOTH QUANTITY AND AMOUNT 10 PERCENT MORE OR LESS ARE ALLOWED. Charges 71B ALL BANKING CHARGES OUTSIDE THE OPENNING BANK ARE FOR BENEFICIARY'S ACCOUNT. Period for Presentation 48 DOCUMENTSMUST BE PRESENTED WITHIN 15 DAYS AFTER THE DATE OF ISSUANCE OF THE TRANSPORT DOCUMENTS BUT WITHIN THE VALIDITY OF THE CREDIT. Confimation Instructions 49 WITHOUT Instructions to the Paying/Accepting/Negotiating Bank: 78 1. ALL DOCUMENTS TO BE FORWARDED IN ONE COVER, UNLESS OTHERWISE STATED ABOVE. 2. DISCREPANT DOCUMENT FEE OF USD 50.00 OR EQUAL CURRENCY WILL BE DEDUCTED FROM DRAWING IF DOCUMENTS WITH DISCREPANCIES ARE ACCEPTED. "Advising Through" Bank 57A KOEXKRSEXXX MESSAGE TYPE: 700 KOREA EXCHANGE BANK SEOUL 178.2 KA, ULCHI RO, CHUNG-KO BUYER: This contract is made by and agreed between the BUYER and SELLER, in accordance with the terms and conditions stipulated below. With More or less of shipment allowed at the sellers' option 6. Total Value 7. Packing 8. Shipping Marks 9. Time of Shipment & means of Transportation 10. Port of Loading \& Destination 11. Insurance 12. Terms of Payment 13. Remarks Draft Drawn under L/C NO Dated Payable with interest % NO Exchange for Ningbo, 20. AT. sight of this FIRST of Exchange(Second of Exchange being unpaid) Pay to the order of the sum of Value received TO: SAY TOTAL: Shipper BILL OF LADING ar No: Consignee BObl NotifyParty CHINA OCEAN SHIPPING COMPANY \begin{tabular}{l|l|} \hline "Pre carriage by & Place of Receipt \end{tabular} ORIGINAL \begin{tabular}{l|l|l|l} \hline Port of discharge & 'Final destination & Freigh payable at & Number original Bs/L \end{tabular} \begin{tabular}{l|l|l|l} \hline Marks and Numbers & Number and kind of packages;Description & Gross weight & Measurement m3 \end{tabular} TOTAL PACKAGES(IN WORDS) Freight and charges \begin{tabular}{|l} Place and date of issue \\ \hline Signed for the Carrier \\ \hline \end{tabular} 'Applicable anly when document used as a Through Bill of Loading

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

Financial Accounting And Reporting

Authors: Barry Elliott, Jamie Elliott

20th Edition

1292399805, 978-1292399805

More Books

Students also viewed these Accounting questions

Question

Define indirect financial compensation (employee benefits).

Answered: 1 week ago

Question

Describe the selection decision.

Answered: 1 week ago