COMMERCIAL DOCUMENTS EXERCISES

Requirement: You are the importer, fill in the documentary credit application form for missing information as follows:
1. Applicant: _____________ 6. Partial shipment: _____________
2. Beneficiary: _____________ 7. Transshipment: _____________
3. Issuing bank: _____________ 8. Port of loading/dispatch/taking in charge: _____________
4. Advising bank: _____________ 9. Port of discharge: _____________
5. Currency amount: 10. Shipment time:
- In figures: _____________ - Earliest shipment date: _____________
- In words: _____________ - Latest shipment date: _____________
Question 1:
A Vietnamese company named Goldfish signed a contract on 1/5/2018 to export a full container of frozen fish valued USD 253,000 to
SmithSon – a company located in New York. Knows:
- Term of delivery: FOB
- Shipment will be taken part in 3 times without transshipment.
- Shipment time: from the contract date until 15/6/2018
- Importer’s bank: Citi Group, New York branch, 252 Vincent street, New York, USA
- Exporter’s bank: Vietcombank, Headquarter, 14 Tran Quang Khai street, Hanoi, Vietnam
Question 2:
An English company named Sam&Son located in UK signed an import contract of Vietnamese rice with a Vietnamese National Rice
Company on 1/4/2018. The total value of the contract is USD 193,000. Knows:
- Term of sale: CIF
- The rice needs to be delivered in 1 time and there is not any transshipment.
- Shipment time: within 60 days after signing the contract.
- Importer’s bank: ANZ bank, EU branch, 725 Saint Peter street, London, UK
- Exporter’s bank: ANZ bank, Hanoi branch, 25 Ly Thai To street, Hanoi, Vietnam
Question 3:
Jmobile from Japan signed a contract to buy a set of mobile phones of Viettel from Vietnam on 15/4/2018. The contract value is USD
225,000. Knows:
- Term of sale: CIF
- Within 45 days from the signed contract date, Viettel can deliver the goods in one or more times with transshipment.
- Importer’s bank: Dai-i-chi bank, Tokyo branch, 101 Nakyo-Ku street, Tokyo, Japan
- Exporter’s bank: HSBC bank, Hanoi branch, 15 Hang Bong street, Hanoi, Vietnam
Question 4:
A Vietnamese company named Seafood signed a contract to export CAD 274,000 of frozen cat fish to a US company named
American Food located in Canada. The date they sign the contract is 5/4/2018. Knows:
- Term of delivery: FOB
- Goods can be delivered within 60 days before 15/6/2018, one time without transshipment.
- Importer’s bank: City bank, Toronto branch, 207 Lily street, Toronto, Canada
- Exporter’s bank: Eximbank, Headquarter, 204 Tran Hung Dao street, Hanoi, Vietnam.
Question 5:
The Southern Coffee Company from Vietnam signed a contract to export 5 tons of coffee beans valued AUD 236,000 to an Australian
company named Kangaroo Drink located in Australia. The date they signed the contract is 15/5/2018. Knows:
- Term of sale: FOB
- All goods will be delivered in container only for the full 5 tons of coffee beans without transshipment.
- Time for shipment: From 20 days after the contract date until 10/7/2018.
- Importer’s bank: ANZ bank, Melbourne branch, 107 Swanton street, Melbourne, Australia
- Exporter’s bank: VPbank, Headquarter, 257 Lieu Giai street, Hanoi, Vietnam.