CASE STUDY UCP 600 & ISBP 681

LETTER OF CREDIT ISSUED BY THE VERY BEST BANK VIETNAM, HO CHI MINH – VBBV VN V1 - SWIFT MT 700
SENT TO: PTFB CZ PP (SWIFT ADDRESS OF PAVEL´S TRADE FINANCE BANK)
27 Sequence of Total 1/1
40A Form of Documentary Credit IRREVOCABLE
20 Documentary Credit Number 2011010910
31C Date of Issue 110801
40E Applicable Rules UCPURR LATEST VERSION
31D Date and Place of Expiry 111031 PRAGUE, CZECH REPUBLIC
50 Applicant MACHINERY IMPORTERS LTD.
13 – 2, BUSINESS CENTRE, DISTRICT A
RISING SUN AVENUE 450
HO CHI MINH CITY, VIETNAM
+ 00 84 8 821 5567
59 Beneficiary AGROSTROJ , A.S.
POLABSKA STREET 1120
220 00 MLADA BOLESLAV 2, CZECH REPUBLIC
32B Currency Code, Amount EUR 120,000.00
41A Available With PTFB CZ PP BY PAYMENT
43P Partial Shipments NOT ALLOWED
43T Transhipment NOT ALLOWED
44E Port of Loading/ BREMERHAVEN, GERMANY
Airport of Departure
44F Port of Discharge/ HO CHI MINH PORT, VIETNAM
Airport of Destination
44C Latest Date of Shipment 111015
45A Description of Goods and/or Services
AGRICULTURAL MACHINERY: DRUM ROTARY MOWERS, MODELS: ZTR - 155, ZTR 200, DISC ROTARY MOWERS,
MODELS: RA 100, RA 120, MULCHERS, MODELS: TRA – 300, 350, MANURE SPREADERS, MODELS MU 150, MTU
150, CIF HO CHI MINH, PORT IN VIETNAM, INCOTERMS 2010 AS PER PRO FORMA INVOICE DATED 5 AUGUST
2011, No. AM - 133, DETAILING COST OF FREIGHT AND INSURANCE
46A Documents Required
+ 1 ORIGINAL OF COMMERCIAL INVOICE STAMPED AND SIGNED BY BNF AND A COPY
+ ON BOARD NEGOTIABLE OCEAN B/L ISSUED TO ORDER OF SHIPPER, SHOWING NOTIFY PARTY AS
APPLICANT, MARKED FREIGHT PREPAID, ADDITIONAL CHARGES TO FREIGHT NOT ALLOWED
+ CERTIFICATE OF ORIGIN EVIDENCING THAT GOODS ARE OF CZECH ORIGIN, CERTIFIED BY
ECONOMIC CHAMBER OF CZECH REPUBLIC, ONE ORIGINAL AND ONE COPY
+ ORIGINAL OF INSURANCE CERTIFICATE OR POLICY ISSUED FOR 110 PCT OF CIF INVOICE VALUE
COVERING INSURANCE AGAINST „ALL RISKS“, STRIKE CLAUSES AND WAR CLAUSES, CLAIMS PAYABLE IN
VIETNAM INDICATING THE NAME AND ADDRESS OF APPOINTED SETTLING AGENT IN VIETNAM, COVER
IRRESPECTIVE OF PERCENTAGE
+ PACKING LIST IN ONE ORIGINAL, ISSUED BY QUALITY DEPARTMENT OF BENEFICIARY CONFIRMING THAT
QUALITY OF THE GOODS COMPLY WITH THE CONTRACT NO.: AM 133 AND APPLICABLE EU NORMS
47A Additional Conditions
+ IF DOCS ARE PRESENTED WITH DISCREPANCY AND ACCEPTED BY US, DISCREPANCY FEE – EUR 30,00
WILL BE DEDUCTED FROM ANY DRAWING,
+ THE DOCUMENTS TO BE FORWARDED IN ONE SET BY COURIER TO US (THE VERY BEST BANK VIETNAM,
FREEDOM AVENUE 12, DISTRICT 1, HO CHI MINH CITY, VIETNAM, DOCUMENTARY PAYMENTS DEPARTMENT),
+ PLEASE ACKNOWLEDGE RECEIPT
71B Charges
ALL CHARGES OUTSIDE VIETNAM ARE FOR THE BENEFICIARIES ACCOUNT
48 Period for Presentation
DOCUMENTS TO BE PRESENTED WITHIN 16 DAYS AFTER DATE OF SHIPMENT AND ALSO WITHIN VALIDITY OF
THE CREDIT
49 Confirmation Instructions MAY ADD
53A Reimbursing Bank DEUT DE FF
78 Instructions to the Paying/Accepting/Negotiating Bank
IF PRESENTED DOCS ARE STRICTLY IN COMPLIANCE WITH CREDIT TERMS, WE AUTHORIZE YOU TO
REIMBURSE YOURSELVES WITH VALUE 3 BANKING DAYS AFTER YOUR TESTED SWIFT ADVICE TO US
CONFIRMING DOCS. COMPLY WITH L/C TERMS INDICATING AMOUNT AND VALUE DATE APPLIED
72 Sender to Receiver Information PLS ADVISE L/C TO BNF ASAP BY TELEPHONE OR FAX
 COMMERCIAL
INVOICE

Agrostroj
Ulice Frantiska Ringo Cecha 45,
Mladá Boleslav 3, 230 00,
tel : +420 23 778 788 345

BUYER DATE: 12 Oct. 2011

Machinery Importers Limited
Great East Road 13
Ho Chi Minh City, Viet Nam
carsimporters@vietcomnet.vn
COMMERCIAL INVOICE NO: AM 133
AS PRO FORMA INVOICE dated 5 august 2011 AM 133
DESCRIPTION OF GOODS VALUE
AGRICULTURAL MACHINERY:
DRUM ROTARY MOWERS, MODELS: ZTR - 155 …………… 20 KS EUR 25 000
DISC ROTARY MOWERS, MODELS: RA 100 ………………… 50 KS EUR 50 000
MULCHERS, MODELS: TRA – 300, 350 …………………………10 KS EUR 33 000
MANURE SPREADERS, MODELS: MU 150, MTU 150 ………… 2 KS EUR 10 000
CIF HO CHI MINH, VIETNAM, AS PER PRO FORMA INVOICE No. AM - 133,
DETAILING COST OF FREIGHT AND INSURANCE
Container Numbers: LHSU 6789901, SHDU 5677011

TOTAL VALUE EUR118,000.00

PACKING: 82 PIECES IN 42 CRATES

WEIGHT: 8 200 KGS
CONSIGNOR: No: GCC 765432
Express Freight Services
Prague 1, 110 00
Czech Republic GLOBE CARRIERS Plc.
CONSIGNEE:
OCEAN
to the order CONSIGNOR:
Lesser Cotton Co
989 Sweet Land BILL OF LADING
Brisbane
Australia
FOR
NOTIFY PARTY:
CONSIGNEE:
Machinery Importers Limited
to order of COMBINED TRANSPORT
Great East Road 13
Global Trade Bank OR
Ho Chi Minh City, Viet Nam
Seoul
Tel.: + 00 84 8 Korea
961 6678 PORT TO PORT SHIPMENT
PLACE OF RECEIPT PORT OF LOADING TRANSHIPMENT PORT
NOTIFY PARTY: Singapore
Prague Bremerhaven
Nahgnup Co . Ltd
PORT OF DISCHARGE OCEAN VESSEL VESSEL
KU -CHUNG Southeast Asian Star
Ho Chi Minh Port Blue Velvet
C.P.O. BOX 9648
Korea
MARKS/NUMBERS DESCRIPTION OF GOODS
PLACE OF RECEIPT
shipped in 2 containers 20´
BRISBANE
LHSU 6789910, SHDU 5677011
VESSEL 82 PARTS, AGRICULTURAL
PORT OF LOADING
OCEAN SAILORMELBOURNEMACHINERY
PORT OF DISCHARGE PLACE CIF HO
OF CHI MINH
DELIVERY
PUSAN, KOREASEOUL, KOREA
SHIPPED ON BOARD by the Carrier in apparent good order (unless
otherwise noted herein). One original Bill of Lading, duly endorsed, must be surrendered
to the Carrier at the Port of Discharge or at location acceptable to Carrier. It is a condition
of carriage that the goods may be carried on deck at Carriers discretion.
Thomas Schmicer
Date Issued: 10 October 2011 Super-Speed Forwarding Logistics, ltd.
As agents for Global Carriers, plc.
Number of Originals Issued: 3
Ceska Insurance Company plc.
Motokov 55
Prague 4, 140 00
Czech Republic
INSURANCE CERTIFICATE UNDER Policy No: CP: 00781 ISSUED IN: 2 ORIGINALS

By way of issuing this document we Ceska Insurance Company plc (‘the Company’)
certify that the Company has insured the undermentioned risks to the order of: Agrostroj, a.s.
and conveys all the rights of this original policy.
Insured Currency/Value: EUR132,000.00 (One hundred and thirty two thousand euro)

Goods Description

AGRICULTURAL MACHINERY, 85 PIECES IN TWO CONTAINERS

Shipped from Mlada Boleslav, Czech Republic via port of Loading Bremerhaven, Germany to
Ho Chi Minh Port, Vietnam. Cover provided ex Warehouse of Agrostroj, a.s. Mlada Boleslav, to
Warehouse Ho Chi Minh City, Viet Nam. The Appointed Settling Agent in Vietnam is shown below.

Insurance Cover
Institute Cargo Clause ‘A’ (2009)
Risk of damage by ineffective handling by carriers or their agents is excluded by this insurance.
Cover is subject to excess (deductible) of EUR 10.000,-
In case of damage apply immediately for survey to: Claims payable in:
AAA Surveyors Ltd Ho Chi Minh City, Viet Nam
82 Hai Ba Trung Street
DaKao Ward, District 1, HCM City, Vietnam
tel.: + 84 8 3258 7863

Date of Issuance: 10 October 2011 On behalf of the Insurer

Ceska Insurance Company plc
Agrostroj, a.s.
To be valid the Certificate must be
countersigned by an Authorised Signature Lenka Šilhánová
of INSURED
 EXPORTER:
GLOBAL FREIGHT ORIGINAL: 0004488
FORWARDERS AGENCY LTD.,
VINOHRADKSKA 12, PRAGUE 1,
CZECH REPUBLIC CERTIFICATE OF
ORIGIN
CONSIGNEE: CONSIGNOR:
MACHINERY IMPORTERS LTD.
Lesser Cotton Co
13 – 2, BUSINESS
989 Sweet LandA
CENTRE, D.
RISING SUN AVENUE 450,
Brisbane ECONOMIC CHAMBER OF
HO CHI MINH CITY, VIET NAM
Australia THE CZECH REPUBLIC

CONSIGNEE: COUNTRY OF ORIGIN

to order of
Global Trade Bank CZECH REPUBLIC
Seoul
Korea

MEANS OF TRANSPORT
NOTIFY PARTY: OBSERVATIONS
Nahgnup Co . Ltd
BY ROAD, SHIP
KU -CHUNG
C.P.O. BOX 9648
Korea GROSS WEIGHT
MARKS AND NUMBERS, NUMBER AND
KINDS OF PACKAGES, DESCRIPTION OF
PLACE OF RECEIPT
GOODS
BRISBANE
LOT1 – 82
VESSEL 8. 550 KGS
PORT OF LOADING
LHSU 678991, SHDU
OCEAN567711
SAILORMELBOURNE
PORT OF DISCHARGE PLACE OF
DELIVERY OTHER QUANTITY
82 PARTS CIF HO CHI MINH
PUSAN, KOREASEOUL, KOREA

The Chamber, signed on, confirms herewith origin of the goods

mentioned in column above.
Place: Praha Date: 7 October 2011

Karel Malý
 CERTIFICATE OF PACKING AND QUALITY
SELLER: BUYER:
AGREOSTROJ, A.S. MACHINERY IMPORTERS LTD.
AUTOMOBILOVÁ STREET 1120 13 – 2, BUSINESS CENTRE, D. A
MLADÁ BOLESLAV 2
CONSIGNOR: RISING SUN AVENUE 450,
CZECH REPUBLIC, EU Cotton Co
Lesser HO CHI MINH CITY, VIET NAM
989 Sweet Land
Brisbane QUANTITY
COMMODITY
Australia
PARTS FOR AGRICULTURAL 82 PIECES IN TWO CONTAINERS
MACHINERY CONSIGNEE: LHSU 6789901, SHDU 5677011
to order of
Global Trade Bank
DESCRIPTION Seoul
OF GOODS
Korea
AGRICULTURAL MACHINERY:
DRUM ROTARYNOTIFY
MOWERS,PARTY:
MODELS: ZTR - 200
CARTONS 1 – 20 , 20 KS Co . Ltd
Nahgnup
DISC ROTARY MOWERS,
KU -CHUNG MODELS: RA 120
C.P.O.
CARTONS 21 -70, BOX 9648
50 KS
Korea
MULCHERS, MODELS: TRA – 300, 350
CARTONS 71 -80, 10 KS
MANURE SPREADERS,
PLACE MODELS: MU 150, MTU 150
OF RECEIPT
BRISBANE
CARTONS 81 -82 , 2 KS

VESSEL
IN 82 CRATES, TOTAL 82 PIECES PORT OF LOADING
OF AGRICULTURAL MACHINERY PARTS
OCEAN SAILORMELBOURNE
WE HEREWITHPORT OFTHAT
CONFIRM DISCHARGE
THE GOODS PLACE
COMPLY OF
WITH ALL RELEVANT
DELIVERY
TERMS AND CONDITIONS OF THE CONTRACT NO. AM - 133
PUSAN, KOREASEOUL, KOREA

Place: Mlada Boleslav Date: 6. October 2011

Tomáš Strakatý