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    Draft MT700 EURO EXIM CCB INDO OCT 17

    Uploaded by

    Faisal Fatahilah
    This letter of credit document summarizes the terms of an irrevocable transferable letter of credit for $1,000,000 USD. It is issued for the benefit of PT. CAHAYA INTI TUNGGAL for the shipment of rosewood beams from Indonesia to Hong Kong. The key terms include allowing partial shipments and transhipments, specifying documents required, additional conditions for the beneficiary, and instructions for negotiating banks.

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    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd

    Draft MT700 EURO EXIM CCB INDO OCT 17

    Uploaded by

    Faisal Fatahilah
    933 views4 pages
    This letter of credit document summarizes the terms of an irrevocable transferable letter of credit for $1,000,000 USD. It is issued for the benefit of PT. CAHAYA INTI TUNGGAL for the shipment of rosewood beams from Indonesia to Hong Kong. The key terms include allowing partial shipments and transhipments, specifying documents required, additional conditions for the beneficiary, and instructions for negotiating banks.

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    Draft MT700 EURO EXIM CCB INDO OCT 17

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    This letter of credit document summarizes the terms of an irrevocable transferable letter of credit for $1,000,000 USD. It is issued for the benefit of PT. CAHAYA INTI TUNGGAL for the shipment of rosewood beams from Indonesia to Hong Kong. The key terms include allowing partial shipments and transhipments, specifying documents required, additional conditions for the beneficiary, and instructions for negotiating banks.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    933 views4 pages

    Draft MT700 EURO EXIM CCB INDO OCT 17

    Uploaded by

    Faisal Fatahilah
    This letter of credit document summarizes the terms of an irrevocable transferable letter of credit for $1,000,000 USD. It is issued for the benefit of PT. CAHAYA INTI TUNGGAL for the shipment of rosewood beams from Indonesia to Hong Kong. The key terms include allowing partial shipments and transhipments, specifying documents required, additional conditions for the beneficiary, and instructions for negotiating banks.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 4

    DRAFT LC MT700

    -------------------------- Message Text ------------------------


    27 : Sequence of Total
    1/1

    40A : Form of Documentary Credit


    IRREVOCABLE TRANSFERABLE

    20 : Documentary Credit Number


    ………………

    31C : Date of Issue


    YYMMDD

    40E : Applicable Rules


    UCP Latest Revision

    31D : Date and Place of Expiry


    180531 INDONESIA

    50 : Applicant

    59 : Beneficiary - Name & Address


    PT. CAHAYA INTI TUNGGAL
    CONCLAVE BUILDING , JL. WIJAYA I No. 5c
    JAKARTA SELATAN 12170

    32B : Currency Code, Amount


    Currency : USD (US Dollar)
    Ammount : 1,000,000.00

    39B : Maximum Credit Amount


    NOT EXCEEDING

    41D : Available With...By... – Name & Addr


    ANY BANK IN INDONESIA
    BY NEGOTIATION

    42C : Drafts at...


    180 DAYS AFTER SIGHT FOR 100 PCT OF INVOICE VALUE

    42A : Drawee – BIC


    EUEIGB22

    43P : Partial Shipments


    ALLOWED
    43T : Transhipment
    ALLOWED

    44A : Place of Taking in Charge/Dispatch from


    ANY PORT IN INDONESIA

    44B : Place of Final Destination/of Delivery


    ANY PORT IN HONG KONG

    44C : Latest Date of Shipment


    171031

    45A : Description of Goods &/or Services


    ROSEWOOD (SONOKELING) AD GRADE B BEAMS
    As per the proforma invoice NO 020/POI/smg dated 01.10.2017
    Incoterms :CIF HONGKONG

    46A : Documents Required

    1. THREE ORIGINAL AND TWO COPIES OF COMMERCIAL INVOICE.


    2. BENEFICIARY CERTIFICATE ISSUED AND SIGNED BY BENEFICIARY
    REPRESENTATIVE AND LEGALIZED BY PUBLIC NOTARY IN BENEFICIARY
    COUNTRY CONFIRMING THAT THE GOODS SHIPPED HAVE BEEN
    INSPECTED AND FOUND TO BE IN GOOD ORDER AND READY TO BE SENT
    WITHIN 3 (THREE) MONTHS FROM THE LC ISSUING DATE

    47A : Additional Conditions:

    1. BENEFICIARY MUST SEND ONE SET OF NON NEGOTIABLE DOCUMENTS BY


    DHL COURIER SERVICE TO THE APPLICANT WITHIN 15 DAYS AFTER
    INVOICE DATE.
    2. INVOICE AMOUNT EXCEEDING THIS CREDIT IS NOT ACCEPTABLE.
    3. DOCUMENTS PRESENTED BEYOND 21 DAYS AFTER DATE OF SHIPMENT
    BUT WITHIN THE VALIDITY OF THIS CREDIT UNACCEPTABLE.
    4. THIRD PARTY DOCUMENTS ARE ACCEPTABLE.
    5. NEGOTIATION OF DOCUMENTS WITH DISCRERPANCIES OR INCOMPLETE
    DOCUMENTS UNDER RESERVE OF GUARANTEE IS STRICTLY PROHIBITED.
    6. THIS LC IS TRANSFERABLE BY THE ADVISING BANK ONLY.

    UPON TRANSFERING, TRANSFERING BANK MUST ADVICE ISSUING BANK


    OF THE FOLLOWING:
    - NAME AND ADDRESS OF THE TRANSFEREE
    - WHETHER FULL OR PARTIAL TRANSFER HAS BEEN EFFTECTED
    - WHETHER SUBSTITUTION OF DOCUMENTS IS REQUIRED BY THE FIRST
    BENEFICIARY

    7. IN THE EVENT OF PARTIAL TRANSFER AND NO SUBSTITUTION IS


    REQUIRED, TRANSFERING BANK MUST ALSO ADVICE ISSUING BANK ON
    THE TRANSFERRED AMOUNT.FULL DETAILS OF ADVISING BANK IS AS
    FOLLOWS: …………………………………………………………………. SWIFT: ………………………………..
    A/C NAME: PT CAHAYA INTI TUNGGAL A/C NUMBER:
    ……………………………………….

    71B : Charges
    BENEFICIARY BANK CHARGES TO BENEFICIARY’S ACCOUNT AND
    APPLICANT BANK CHARGES TO APPLICANT’S ACCOUNT.

    48 : Period for Presentation


    WITHIN 14 DAYS AFTER INVOICE DATE BUT WITHIN THE VALIDITY OF
    THE CREDIT

    49 : Confirmation Instructions
    WITHOUT

    78 : Instr to Payg/Accptg/Negotg Bank


    FOR PAYMENT EFFECTED UNDER THIS CREDIT,WE SHALL REMIT FUNDS IN
    ACCORDANCE WITH THE INSTRUCTIONS OF THE NEGOTIATING BANK UPON
    RECEIPT OF DOCUMENTS COMPLIED WITH TERMS OF THE CREDIT, WE
    ENGANGE WITH DRAWERS AND BONAFIDE HOLDERS OF THAT
    DRAFT(S)DRAWN AND NEGOTIATED IN CONFIRMITY WITH THE TERMS AND
    CONDITIONS OF THIS CREDIT WILL BE DULY HONOURED ON
    PRESENTATION.THIS LC IS SUBJECT TO THE UCP 2007 REVISION OF
    THE ICC PUBLICATION NO 600 ORIGINAL DOCUMENTS ARE TO BE
    DESPATCHED TO US AT ___________________ IN ONE LOT BY COURIER
    SERVICE.

    72 : Sender to Receiver Information


    /REC/PLEASE ACKNOWLEDGE RECEIPT AND ADVICE BENEFICIARY

    ACCORDINGLY

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