CONDITIONS OF THIS CREDIT WE SHALL ACCEPT THE DRAFT AND REMIT THE PROCEEDS TO YOUR DESIGNATED ACCOUNT ON MATURITY.
. DISCREPANCY FEE OF USD50.00 OR ITS EQUIVALENT WILL BE DEDUCTED FROM THE PROCEEDS OF ANY DRAWING IF DISCREPANT DOCUMENTS ARE PRESENTED.
. THE AMOUNT OF EACH DRAWING MUST BE ENDORSED ON THE REVERSE OF THE CREDIT INSTRUMENT.
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Letter of Credit 5
MT 700 ISSUE OF A DOCUMENTARY CREDIT
SENDER: KOOKMIN BANK (FORMERLY H AND CB), SEOUL RECEIVER: BANK O F CHINA, HANGZHOU SEQUENCE OF TOTAL FORM OF DOC. CREDIT DOC. CREDIT NUMBER DATE OF ISSUE APPLICABLE RULES DATE AND PLACE OF EXPIRY APPLICANT BENEFICIARY AMOUNT
AVAILABLE WITH/BY DRAFTS AT ... DRAWEE
PARTIAL SHIPMTS TRANSSHIPMENT PORT
OF
LOADING/
AIRPORT OF DEPARTURE PORT OF DISCHARGE LATEST SHIPMENT
DATE
OF
: 27: 1 / 1
:40A: IRREVOCABLE : 20: M10R4203NU00032 :31C: 020305
:40E: UCP LATEST VERSION
:31D: DATE 020403 PLACE AT THE NEGOTIATION BANK : 50: : 59:
G.S INTERNATIONAL CORPORATION
31-85, MOONHYUNI-DONG, NAM-GU, PUSAN, KOREA HANGZHOU TOOLS CO., LTD
NO.75 YAN’AN ROAD, HANGZHOU CHINA
:32B: CURRENCY USD AMOUNT 47.952. :41D:
ANY BANK BY NEGOTIATION
:42C: 90 DAYS AFTER SIGHT :42A: H AND CB, TOKYO BRANCH :43P: ALLOWED :43T: ALLOWED
:44E: NINGBO PORT, CHINA :44F: PUSAN PORT, KOREA :44C: 020327
MEN’S SHOES QUANTITY UNIT PRICE AMOUNT SL-400 4,320PRS USD6.00/PR USD25,920.00 MEN’S SANDAL
DESCRIPTION OF GOODS AND/OR SERVICES.
:45A:
SL-700 2,160PRS USD5.10/PR USD11,016.00 SL-700-1 2,160PRS USD5.10/PR USD11,016.00 TOTAL 8,640PRS USD47,952.00 ORIGIN: CHINA FOB NINGBO PORT
DOCUMENTS REQUIRED :46A:
+ FULL SET OF CLEAN ON BOARD OCEAN BILLS OF LADING MADE OUT TO THE ORDER OF KOOKMIN BANK, KOREA
14
MT 700 ISSUE OF A DOCUMENTARY CREDIT
SENDER: KOOKMIN BANK (FORMERLY H AND CB), SEOUL RECEIVER: BANK O F CHINA, HANGZHOU
(FORMERLY H AND CB, KOREA) MARKED ‘FREIGHT COLLECT” AND NOTIFY ACCOUNTEE
ADDITIONAL COND
+ SIGNED COMMERCIAL INVOICE IN 3 FOLD + PACKING LIST IN 3 FOLD
+ CERTIFICATE OF ORIGIN IN 3 FOLD
BASIS AND ACCEPTANCE COMM AND DISCOUNT CHG ARE FOR APPLICANT’S ACCOUNT
ALL BANKING CHARGES/COMMISSIONS INCLUDING REIM
CHARGES
:71B: CHARGES FOR :
48:
OUTSIDE
KOREA
ARE
FOR
ACCOUNT
OF
BENEFICIARY
PERIOD
PRESENTATION CONFIRMATION INSTRUCTION INFORMATION PRESENTING BANK
TO
WITHIN 21 DAYS AFTER DATE OF SHIPMENT, BUT WITHIN CREDIT VALIDITY
:47A: + BEN’S USANCE DRAFTS MUST BE NEGOTIATED AT SIGHT
: 49: WITHOUT : 78:
+T/T REIMBURSEMENT IS NOT ALLOWED
+ALL DOCS EXCLUDING BEN’S DRAFTS ENDORSED BY NEGO BANK MUST BE DISPATCHED TO US (H AND CB), 9-1, 2-GA, NAMDAEMOON-RO,
JUNG-GU,
SEOUL,
100-703,
KOREA
(INTERNATIONAL OPERATIONS TEAM/FORMERLY H AND CB
BK)
+THE AMOUNT OF EACH DRAWING MUST BE NOTED ON THE REVERSE OF THIS CREDIT BY NEGOTIATING BANK
+REIMBURSE YRSELVES FROM DRAWEE BY FORWARDING BEN’S USANCE DRAFTS ON CONDITION THAT THE DOCS ARE COMPLIED WITH L/C TERMS
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