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TO :
WE, THE BANK OF COMMUNICATIONS NINGBO SUB BRANCH, HEREBY ISSUE AN IRREVOCABLE
TRANSFERABLE REVOLVING DOCUMENTARY LETTER OF CREDIT NO. _____ AS FOLLOW:
BY ORDER AND :
IN FAVOUR OF :
DATE OF ISSUE
DATE MONTH 2009
VALIDITY:
TILL JANUARY 31ST 2010 IN HONG KONG BY NEGOTIATION AT SIGHT AGAINST THE
PRESENTATION OF THE FOLLOWING DOCUMENTS:
2. 3/3 ORIGINAL CLEAN ON BOARD BILLS OF LADING MAKE OUT TO ORDER, BLANK
ENDORSED AND MARKED “FREIGHT PAYABLE AS PER CHARTER PARTY’ AND NOTIFY
APPLICANT .
3. CERTIFCATE OF WEIGHT AND QUANTITY, IN ONE ORIGINAL AND THREE COPIES ISSUED
BY THIRD PARTY INSPECTOR AT LOADING PORT IN EAST KALIMANTAN THAT
CONDUCTED THE SURVEY AT LOADING PORT AND MADE OUT “TO WHOM IT MAY
CONCERN”;
6. CERTIFICATE OF ORIGIN IN ONE ORIGINAL AND THREE COPIES DETAILING THE NAME OF
COMMODITY, LOADED QUANTITY, AND THE NAME OF CARRYING VESSEL ISSUED BY
INDONESIA GOVERNMENT AND MADE OUT “TO WHOM IT MAY CONCERN”;
7. BENEFICIARY’S CERTIFIED COPY OF FAX DISPATCHED TO APPLICANT LATEST 3
WORKING DAYS AFTER THE DATE OF B/L ADVISING SHIPMENT DETAILS INCLUDING
CONTRACT NUMBER, NAME OF COMMODITY, NAME OF VESSEL, WEIGHT SHIPPED, BILL
OF LADING DATE AND SAILING DATE FROM THE LOADING PORT;
DESCRIPTION OF GOODS:
50,000 MTS OF STEAMING COAL IN BULK PER LIFTING UNDER CONTRACT NO.: 003/DEC/09
SPECIFICATION OF GOODS:
AS PER CONTRACT NO. 003/DEC/09 SPECIAL ATTENTION TO CLAUSE 3 AND CLAUSE 12 WHICH
FORM AN INTEGRAL PART OF THIS DOCUMENTARY LETTER OF CREDIT
DELIVERY TERM:
CIF ONE SAFE BERTH CHINA MAIN PORT STARTING FROM 21ST DECEMBER 2009 TO 30TH
DECEMBER 2009.
UNIT PRICE:
CIF ONE SAFE BERTH CHINA MAIN PORT PRICE BASED ON BILL OF LADING METRIC TON
QUANTITY IN UNITED STATES DOLLARS SHALL BE THE XXX PER METRIC TON.
FINAL PRICE SHALL BE EXPRESSED TO TWO DECIMAL PLACES BY ROUNDING UP THE SECOND
DECIMAL PLACE IF THE THIRD DECIMAL PLACE IS FIVE (5) OR GREATER.
SPECIAL CONDITIONS
7. THE PRICE CLAUSE MENTIONED ABOVE WITHOUT FURTHER AMENDMENT OF THIS L/C.
9. PAYMENT FALLING DUE ON A SUNDAY OR MONDAY NEW YORK BANKING HOLIDAY SHALL
BE MADE ON THE FOLLOWING NEW YORK BANKING DAY. PAYMENT FALLING DUE ON A
SATURDAY OR NON-MONDAY NEW YORK BANKING HOLIDAY SHALL BE MADE ON THE
PREVIOUS BANKING DAY.