Professional Documents
Culture Documents
Với trách nhiệm thuộc về phần mình, chúng tôi đề nghị ngân hàng phát hành thư tín dụng với nội dung sau:
(1) Irrevocable Transferable Confirmed Others________ Letter of Credit issued by Mail Telex/SWIFT
(2) Expiry Date & Place (yy/mm/dd) 2020/03/20 in Vietnam (3) Latest Shipment date (yy/mm/dd)
2019/12/20
(4) Beneficiary’s Bank (Full name & address) HSBC Bank, Seoul, South Korea BIC code (preferably)
(5) Applicant ABC Trading Co, Ltd. (Viet Nam) CIF No.
in words: United States Dollar one million and seventy thousand only
(9) Partial Shipment (if blank, Partial Shipment will be prohibited) Transhipment (if blank, transhipment will be
Allowed Not allowed prohibited)
(10) Shipment
Port of taking in charge Busan Port Port of loading Busan Port Port of discharge Busan Port Port of final destination Saigon Port
- QUALITY: Quality/ Specification: Ro IL 787 mm width Appendix 1 of this contract shows all the agreed standards of quality for the goods.
- QUANTITY: 2,000 MT more or less 5% at the Seller’s option
- PACKAGING: The goods to be packed in the Manufacturer's Standard Export Packing. Marking: Substance: 49 g/m2 +/-2
full set original clean shipped on board marine bills of lading, made out to order of VCB, HCMC notifying ______
Certificate of quality and quantity issued by the Seller and/or the Maker in 0 original, 2 copies________________________________
Beneficiary’s Certificate certifying that one set of non negotiable documents plus________________ have been sent by Express courier to
the applicant within __________days after B/L date enclosing it’s receipt.
Other documents: (please specify): Insurance Certificate issued by AIG Korea Insurance
The amount utilized must be endorsed on the reverse of the original L/C.
(15) Charges:
Issuing banks’ charges for the account of Other banks’ charges for the account of
- All disputes arising out of this contract or breach thereof which cannot be settled amicably by the parties concerned shall be settled by the
International Arbitration Center in Vietnam. The award of this organization shall be final and binding upon both parties.
- If any of the provisions in this contract is violated in part or whole, the aggrieved party shall formally inform the other party in writing to
seek resolution.
This credit is subject to the Uniform Customs and Practice for Documentary Credits International Chamber of Commerce, Prevailing
Publication.
Uỷ quyền và cam kết của bên bảo lãnh (chỉ dùng cho LC phát hành bằng hạn mức của bên thứ ba không phải người mở LC)
Xin được cùng với ……… (Tên công ty yêu cầu phát hành LC) đề nghị Ngân hàng phát hành thư tín dụng với nội dung nêu trên. Chúng tôi cam
kết:
(i) ……….. (Tên công ty yêu cầu phát hành LC) có toàn quyền ra các chỉ thị phát hành, sửa đổi, thanh toán , huỷ, các giao dịch phát
sinh và chịu mọi chi phí liên quan đến các giao dịch theo LC nói trên.
(ii) Trường hợp ……….. (Tên công ty yêu cầu phát hành LC) không có khả năng thanh toán/chấp nhận thanh toán vào ngày đến hạn
chúng tôi hoàn toàn chịu trách nhiệm thanh toán/chấp nhận thanh toán trước Ngân hàng.
Khi cần liên hệ với ........... , ngày ..... tháng ….. năm ………
1. Thư tín dụng này được mở theo Hợp đồng thương mại số ..........…… ngày .…........... Đơn vị chúng tôi cam kết chịu hoàn toàn trách
nhiệm về giấy phép Nhập khẩu của mặt hàng Nhập khẩu theo Thư tín dụng này.
2. Thư tín dụng này tuân thủ theo Qui tắc về thực hành thống nhất tín dụng chứng từ ấn phẩm hiện hành của Phòng thương mại quốc tế
(ICC)
3. Nguồn vốn thanh toán
□ Chúng tôi cam kết đảm bảo nguồn vốn thanh toán LC theo các nguồn sau:
Kí quĩ
Vay
□ Thư tín dụng này sử dụng vốn vay nước ngoài thuộc Hiệp định vay nợ số…..... ngày ……...
Bên chịu phí Phí trong nước Phí ngoài nước Phí xác nhận Số tài khoản
Người mở LC
Người hưởng
Trường hợp Phí do người hưởng chịu, chúng tôi cam kết thanh toán cho Ngân hàng toàn bộ các phí mà Ngân hàng không thu được từ người
hưởng.
Khi cần liên hệ với ........... , ngày ..... tháng ….. năm ………
Q2. Discuss and provide the examples of three types of discrepancies in letter of credit.
1. Accidental discrepancies
These are discrepancies that can easily be corrected by the exporter (beneficiary) or the issuing bank. Such discrepancies
include typographical errors, failure to state the L/C number, errors in arithmetic, and improper endorsement or signature
on the draft. Once these discrepancies are corrected (within a reasonable period of time), the bank will accept the
documents and pay the exporter.
• Example: Typographical errors
Applicant: ABC Co, Ltd (Vietnam)
Beneficiary: Cimpor Co, Ltd (Potugal)
Port of loading: Lisbon Port
Port of final destination: Sai Gon Port
Discrepancy: The country name of beneficiary was misprinted. The correct name is Portugal. The exporter or issuing
bank can easily correct this accidental discrepancy.
2. Minor discrepancies
These are minor errors in documents that contain the essential particulars required in the L/C and can be corrected by
obtaining a written waiver from the buyer. Such errors include failure to legalize documents, nonpresentation of all
documents required under the L/C. Once these discrepancies are waived by the buyer, the transaction will proceed as
anticipated.
Letter of Credit Conditions
• Description of Goods and or Services: Vietnamese Glutinous Rice 8% broken, 11 June 2020 for goods delivered
FOB Ho Chi Minh Port, Vietnam.
• Documents Required: Both parties came to an agreement that the price and description of goods and services in
the invoice are all correct.
• Discrepancy: The description of stated in L/C terms does not match with the commercial invoice. As L\C terms,
they show “Vietnamese Glutinous Rice 8% broken”. While the invoice shows “Vietnamese Glutinous Rice 5%
broken” under Description of goods column.
• Reason for Discrepancy: The description of the goods shown in the invoice must be corresponded with the
description written in the L/C.
3. Major discrepancies
These are discrepancies that fundamentally affect the essential nature of the L/C. Certain discrepancies cannot be corrected
under any circumstances: presentation of documents after the expiry date of the L/C, shipment of merchandise later than
the specified date under the L/C, or expiration of the L/C. ,These discrepancies can be corrected by an amendment of the
L/C, which require the approval of the issuing bank, the confirming bank and exporter.
Example: Lateness in shipment
Letter of Credit Conditions
Latest Date of Shipment: 190530
Port of Loading/Airport of Departure: Port of Los Angeles, the USA.
Port of Discharge/Airport of Destination: Port of Hai Phong, Viet Nam
Documents Required: Full set of transport documents, issued by a shipping company and marked freight collect.
They are made based on the order of Industrial & Commercial Bank of Hai Phong. And are also marked notify
applicants indicating that the goods have been dispatched, taken in charge or loaded on board.
Port of Loading: Port of Hai Phong, Vietnam
Port of Discharge: Port of Los Angeles, the USA
Bill Of Lading: The bill of lading is dated 31 May 2019. Also, it has an on-board notation as follows: “Shipped
on board: 31.May.2019”
Discrepancy: The B/L has been written with the wrong shipping date. As mentioned above, the latest shipment date is 30
May 2019. Both B/L and on-board notation have been written the day after which is 31.May.2019 Therefore, date of
shipment falls outside the allowed shipment period of time..
Reason for Discrepancy: Transport documents must be examined under the article that is applicable to the conditions
stated in the L/C. These conditions include: the type of document that is to be presented and the details given with respect
to the shipment of the goods e.g. As a result, the date of shipment stated on the transportation document cannot be later
than the latest date indicated in the L/C.