信用证审核修改练习题
一、根据下列合同条款及审核要求审核英国伦敦米兰银行来证
SALES CONTRACT
Contract No.: 055756
Date: 21st. July 2005
Seller: Shanghai Cereals and Oil Imp. & Exp. Corporation
Buyer: ABC Company Limited 36-36 Kannon Street London U.K. Commodities and Specification: Chinese White Rice Long-shaped
Broken Grains (Max): 5%
Admixture (Max): 0.25%
Moisture (Max): 15%
Quantity: 30 000 metric tons with 10% more or less at the seller’s option
Packing: Packed in gunny bags of 50kg each
Unit Price: USD400 per M/T FOB stowed Shanghai gross for net Amount: USD12 000 000 (SAY TWELVE MILLION ONLY) Shipment: during Oct. / Nov. 2005 from Shanghai to London with partial shipment and transshipment is allowed
Insurance: T o be covered by the buyer
Payment: By Irrevocable L/C payable at sight for negotiation in China within 15 days after the shipment
Midland Bank Ltd., London
Aug. 18th, 2005
Advising Bank: Applicant: ABC Company Ltd.
Bank of China Shanghai Branch
Beneficiary: Amount: Not exceeding USD12 000 000
Shanghai cereals and oil
Imp. & Exp. Corp.
Shanghai, China
Dear Sirs,
At the request of ABC Co. Ltd., London, we hereby issue in your favor this revocable documentary credit No. 219307 which is available by negotiation of your draft at 30 days after sight for full invoice value drawn on us bearing the clause: “Drawn under documentary credit No. 219307 of Midland Bank Ltd.,”accompanied by the following documents:
1. Signed commercial invoice in 3 copies.
2. Full set of 2/3 clean on board bills of lading made out to order and blank endorsed marked “Freight Prepaid”and notify applicant.
3. Certificate of origin issued by AQSIQ.
4. Insurance policy for full invoice value plus 10% covering all risks and war risks as per ICC dated Jan. 1st, 1981.
5. Inspection certificate issued by applicant.
6. Beneficiary’s certificate fax to applicant within 24 hours after shipment stating contract number, credit number, vessel name and shipping date.
Covering 30 000 metric tons Chinese White Rice Long-shaped
Broken Grains: 5%
Admixture: 0.25%
Moisture: 15%
At USD400.00 per M/T FOB Shanghai, packed in plastic bags.
Shipment from Chinese port to London during Oct. / Nov. 2005
Transshipment is prohibited, partial shipment prohibited.
This credit is valid for negotiation before Dec. 15th, 2005 in London.
Special Conditions: Documents must be presented for negotiation within 5 days after the date of issuance of the bills of lading, but in any event within this credit validity.。