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Beneficiary (full name and address)
SANGYONG CORPORATION
CPO. BOX 405
SEOUL
KOREA
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L/C NO.
Ex-Card No.
Contract No. 97040
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Date and place of expiry of the credit
SEPT. 28, 1997 KOREA
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Partial shipments
O allowed O not allowed
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Transshipment
O allowed O not allowed
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O Issue by airmail O With brief advice by teletransmission
O Issue by express delivery
O Issue by teletransmission (which shall be the operative instrument)
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Loading on board / dispatch / taking in charge at / from RUSSIAN SEA
Not later than SEPT. 13, 1999
for transportation to DALIAN PORT, CHINA
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Amount (both in figures and words)
USD1,146,725.04(SAY U.S. DOLLARS ONE MILLION ONE HUNDRED AND FORTH SIX THOUSAND SEVEN HUNDRED AND TWENTY FIVE CENTS FOUR ONLY)
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Description of goods:
FROZEN YELLOWFIN SOLE WHOLE ROUND (WITH WHITE BELLY) USD770/MT CFR DALIAN
TOTAL QUANTITY: 500MT
SPECIFICATIONS AND PACKING CONDITIONS ARE AS PER ATTACHMENT TO THIS APPLICATION
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Credit available with
O by sight payment O by acceptance O by negotiation
O by deferred payment at
against the documents detailed herein
O and beneficiary’s draft for 100 % of the invoice value
at 45 days after sight
on BANK OF CHINA LIAONING BRANCH
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O FOB
O or other terms |
O CFR |
O CIF |
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Documents required: (marked with x)
- (X) Signed Commercial Invoice in 5 copies indicating invoice no., contract no.
- (X) Full set of clean on board ocean Bills of Lading made out to order and blank endorsed, marked "freight ( ) to collect / (X) prepaid ( ) showing freight amount" notifying LIAO NING OCEAN FISHING CO., LTD. TEL: (86)411-3680000
- ( ) Air Waybills showing "freight ( ) to collect / ( ) prepaid ( ) indicating freight amount" and consigned to _________.
- ( ) Memorandum issued by _________________ consigned to __________
- (X) Insurance Policy / Certificate in 3 copies for 110 % of the invoice value showing claims payable in China in currency of the draft, bank endorsed, covering ( ) Ocean Marine Transportation / ( ) Air Transportation / ( ) Over Land Transportation) All Risks, War Risks.
- (X) Packing List / Weight Memo in 4 copies indicating quantity / gross and net weights of each package and packing conditions as called for by the L/C.
- (X) Certificate of Quantity / Weight in 2 copies issued an independent surveyor at the loading port, indicating the actual surveyed quantity / weight of shipped goods as well as the packing condition.
- (X) Certificate of Quality in 3 copies issued by ( ) manufacturer / (X) public recognized surveyor / ( )
- (X) Beneficiary’s certified copy of FAX dispatched to the accountees with 3 days after shipment advising (X) name of vessel / (X) date, quantity, weight and value of shipment.
- ( ) Beneficiary’s Certificate certifying that extra copies of the documents have been dispatched according to the contract terms.
- ( ) Shipping Co’s Certificate attesting that the carrying vessel is chartered or booked by accountee or their shipping agents:
- (X) Other documents, if any:
a) Certificate of Origin in 3 copies issued by authorized institution.
b) Certificate of Health in 3 copies issued by authorized institution.
Additional instructions:
- (X) All banking charges outside the opening bank are for beneficiary’s account.
- (X) Documents must be presented with 15 days after the date of issuance of the transport documents but within the validity of this credit.
- ( ) Third party as shipper is not acceptable. Short Form / Blank Back B/L is not acceptable.
- (X) Both quantity and amount 10 % more or less are allowed.
- ( ) prepaid freight drawn in excess of L/C amount is acceptable against presentation of original charges voucher issued by Shipping Co. / Air line / or it’s agent.
- ( ) All documents to be forwarded in one cover, unless otherwise stated above.
- (X) Other terms, if any:
Advising bank: KOREA EXCHANGE BANK, SEOU
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Account No.:
Transacted by:
(Applicant: name, signature of authorized person)
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L, KOREA.
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