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.
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.
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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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