------------------------------Instance Type and Transmission------------------------

Notification(Transmission) of Original sent to Swift(ACK)

Network Delivery Status: Network Ack
Priority: Normal
Message Input Reference:
Session Holder: SBINBDDHXOBD
Session: 9604
Sequence: 866073
ACK Date (dd/mm/yy): 16/02/21
ACK Time (hh:mm): 21:37 GMT
--------------------------------------Message Header------------------------------------
Swift Output: 700 Issue of a Documentary Credit
Sender: CIBLBDDHXXX
CITY BANK LIMITED THE
DHAKA
BANGLADESH
Receiver: SBINBDDHOBD
STATE BANK OF INDIA
OBU
DHAKA, BANGLADESH
MUR: XMM603512
---------------------------------------Message Text---------------------------------------
27 : Sequence of Total
1
2
40A : Form of Documentary Credit
IRREVOCABLE
20 : Documentary Credit Number
075121020182
31C : Date of Issue
210216
40E : Applicable Rules
UCP LATEST VERSION
31D : Date and Place of Expiry
210516
SOUTH KOREA
50 : Applicant
ACORN INFRASTRUCTURE SERVICES
UNIT-3 LIMITED,PLOT NO.68,
ROAD NO.11 BLOCK-H, BANANI,
DHAKA-1213, BANGLADESH
59 : Beneficiary
POSCO INTERNATIONAL CORPORATION
165,CONVENSIA-DAERO,YEONSU-GU,
INCHEON,21998 KOREA
32B : Currency Code, Amount
USD
3230000
41D : Available With ... By ...
'SBINKRSEXXX'
BY NEGOTIATION
42C : Drafts at ...
360 DAYS FROM THE DATE OF
NEGOTIATION.
42D : Drawee
 THE CITY BANK LIMITED
43P : Partial Shipments
ALLOWED
43T : Transhipment
ALLOWED
44E : Port of Loading/Airport of Departure
ANY SEA PORT IN SINGAPORE/MALAYSIA
44F : Port of Discharge/Airport of Destination
CHATTOGRAM SEA PORT, BANGLADESH
44C : Latest Date of Shipment
210416
45A : Description of Goods and/or Services
8500 M/TONS(PLUS/MINUS 5 PCT)
HSFO 180 CST.
.
CFR CHATTOGRAM, BANGLADESH (INCOTERM 2020)
ALL OTHER DETAILS OF THE MERCHANDISE ARE AS PER BENEFICIARY'S
PROFORMA INVOICE NO. PIS210211-B DATED 11-2-2021.
46A : Documents Required
1. BENEFICIARY'S SIGNED COMMERCIAL INVOICE IN (1 ORIGINAL
AND 2 COPIES)
CERTIFYING MERCHANDISE OF 'SINGAPORE/MALAYSIA' ORIGIN AND GOODS
SHIPPED ARE AS PER PROFORMA INVOICE NO.MENTIONED IN FIELD
45A.,LCAF NO.CBL/IC-9061970,
IRC NO.260326120000519 TAX IDENTIFICATION NO.752425420928,
BIN NO.000639675-0101, H.S. CODE NO. 2710.19.11,PERMISSION NUMBER
'28.00.0000.026.07.001.19.215,DATED:24-09-2020
BY MINISTRY OF POWER,ENERGY AND MINERALS RESOURCES, GOVERNMENT
OF BANGLADESH MUST APPEAR ON BILL OF LADING AND COMMERCIAL
INVOICE.
.
2. FULL SET BILL OF LADING ISSUED OR ENDORSED TO THE ORDER OF
THE CITY BANK LIMITED,SHOWING FREIGHT PAYABLE AS PER CHARTER
PARTY AND NOTIFYING APPLICANT AND LC ISSUING BANK.
.
3. CERTIFICATE OF ORIGIN IN 01 ORIGINAL + 01 COPY ISSUED BY
LOADING TERMINAL OF THE EXPORTING COUNTRY.
47A : Additional Conditions
1.LC NO. AND DATE,IRC NO260326120000519,LCAF NO.CBL/IC 9061970,
ACORN INFRASTRUCTURE SERVICES UNIT-3 LIMITED TIN
NO.752425420928,ACORN INFRASTRUCTURE SERVICES UNIT-3 LIMITED BIN
NO.000639675-0101,H.S.CODE NO.2710.19.11, PERMISSION
NO.'28.00.0000.026.07.001.19.215,DATED:24-09-2020 BY MINISTRY OF
POWER, ENERGY AND MINERALS RESOURCES,GOVERNMENT OF
BANGLADESH,CITY BANK BIN NO. 000321414-0101 MUST BE QUOTED IN
COMMERCIAL INVOICE AND BILL OF LADING.
.
2. ALL DOCUMENTS MUST BE PRESENTED IN ENGLISH LANGUAGE
.
3. NOTWITHSTANDING THE TENOR OF THIS LC THE BENEFICIARY WILL
GET PAYMENT AT 30 DAYS AFTER BILL OF LADING DATE (BL DATE TO
COUNT AS DAY ZERO) UPON PRESENTATION OF CREDIT COMPLIED
DOCUMENTS AT 'SBINKRSEXXX' AND WE WILL MAKE PAYMENT TO
'SBINKRSEXXX' AT 360 DAYS FROM THE DATE OF NEGOTIATION.
.
4. THIRD PARTY DOCUMENTS INCLUDING BUT NOT LIMITED TO CHARTER
PARTY,SHORT FORM,BLANK BACKED BILLS OF LADING ARE ACCEPTABLE
.
5. WITH THE EXCEPTION OF VALUE AND/OR VOLUME AND/OR QUANTITY,
TYPOGRAHICAL AND SPELLING ERROR,IF ANY,ARE NOT TO BE CONSIDERED
DISCREPANCIES WHICH WILL INVALIDATE THIS LETTER OF CREDIT.
.
6. IF PAYMENT FALLS DUE ON A SATURDAY OR NON MONDAY BANK
HOLIDAY IN NEW YORK,USA,THEN PAYMENT SHALL BE MADE ON THE
IMMEDIATE PRECEDING BANK WORKING DAY. IF PAYMENT FALLS DUE ON A
SUNDAY OR MONDAY BANK HOLIDAY IN NEW YORK,USA,THEN PAYMENT SHALL
BE MADE ON THE IMMEDIATE FOLLOWING BANK WORKING DAY.
.
7. REIMBURSEMENT SHALL BE MADE BY TELEGRAPHIC TRANSFER FREE
OF ALL CHARGES INTO THE BENEFICIARY'S NOMINATED BANK.
.
8. ALL PAYMENTS MADE UNDER THIS LETTER OF CREDIT SHALL BE MADE
FREE AND CLEAR OF,AND WITHOUT DEDUCTION OR WITHHOLDING FOR OR
ON ACCOUNT OF ANY TAX WHATSOEVER.IN THE EVENT ANY SUCH DEDUCTION
OR WITHHOLDING IS APPLICABLE TO ANY PAYMENT MADE OR TO BE MADE
UNDER THIS LETTER OF CREDIT, WE WILL PAY SUCH ADDITIONAL AMOUNT
OR AMOUNTS SO AS TO ENSURE THAT THE NET AMOUNT RECEIVED BY THE
BENEFICIARY WILL BE EQUAL TO FULL AMOUNT WHICH THE BENEFICIARY
 WOULD HAVE RECEIVED HAD NO SUCH DEDUCTION OR WITHHOLDING BEEN
MADE OR REQUIRED TO BE MADE.
.
09. THIS LETTER OF CREDIT IS A TRANSACTION SEPARATE FROM ANY
OTHER ON WHICH IT MAY BE BASED, AND THE PARTIES TO IT DEAL
ONLY IN DOCUMENTS.THE REQUIRED DOCUMENTS MENTIONED ABOVE
SHALL BE FINAL AND CONCLUSIVE AS TO THE AMOUNT PAYABLE UNDER THIS
LETTER OF CREDIT AND WILL BE HONOURED AT 30 DAYS AFTER THE DATE
OF B/L (BL DATE TO COUNT AS DAY ZERO) TO THE
BENEFICIARY.
.
10. APPLICANT'S BIN NO. 000639675-0101 AND CITY BANK BIN NO.
000321414-0101 MUST MENTIONED IN BILL OF LADING AND COMMERCIAL
INVOICE.
.
11. NOT WITHSTANDING FIELD 48,DOCUMENTS PRESENTED LATER THAN 21
DAYS AFTER SHIPMENT DATE BUT WITHIN LC VALIDITY IS ACCEPTABLE.
.
12.IN THE EVENT ALL DOCUMENTS REQUIRED IN THE LC WITH THE
EXCEPTION OF COMMERCIAL INVOICE,ARE NOT AVAILABLE UPON
NEGOTIATION,THEN PAYMENT IS TO BE EFFECTED AGAINST PRESENTATION
OF BENEFICIARY'S SIGNED COMMERCIAL INVOICE AND BENFICIARY'S
LETTER OF INDEMNITY (LOI)FOR TEMPORARILY MISSING DOCUMENTS.
.
13.PRESENTING BANK WILL SEND COMPLYING DOCUMENT WITH A COPY OF
THE CREDIT TO STATE BANK OF INDIA, 20TH FLOOR, KYOBO BUILDING,
1, JONGNO, JONGNO GU, SEOUL - 031 54, SOUTH KOREA, (BIC:
SBINKRSEXXX, FOR ONWARD SUBMISSION TO ISSUNIG BANK OR ISSUING
BANK COUNTER BY INTERNATIONAL COURIER SERVICE/ REGISTERED
EXPRESS AIRMAIL FOR ACCEPTANCE.
.
14.UPON RECEIVED THE ACCEPTANCE FROM LC ISSUING BANK, STATE BANK
OF INDIA, 20TH FLOOR, KYOBO BUILDING, 1, JONGNO, JONGNO GU,
SEOUL-031 54, SOUTH KOREA, (BIC: SBINKRSEXXX), WILL MAKE
PAYMENT TO THE NEGOTIATING BANK/BENEFICIARY BANK AT SIGHT BASIS
AS PER THEIR INSTRUCTION.
.
15.ON MATURITY LC ISSUING BANK WILL MAKE PAYMENT TO STATE BANK
OF INDIA, SEOUL, KOREA, 20TH FLOOR, KYOBO BUILDING, 1, JONGNO,
JONGNO GU, SEOUL - 031 54, SOUTH KOREA, (BIC: SBINKRSEXXX), FOR
BILL VALUE PLUS DISCOUNT HANDELING CHARGE USD250.00 (FOR EACH
SET),WITH INTEREST.
71D : Charges
SEE FIELD 47A,CLAUSE NO.13
48 : Period for Presentation in Days
30
/DETAIL IN FIELD 47A:CLAUSE 11
49 : Confirmation Instructions
CONFIRM
53A : Reimbursing Bank
3582051744001
SCBLUS33XXX
78 : Instructions to the Paying/Accepting/Negotiating Bank
1. NEGOTIATING BANK'S COVERING SCHEDULE MUST INDICATE THAT
UTILIZATION AMOUNT HAS BEEN ENDORSED ON THE REVERSE SIDE OF
THE ORIGINAL CREDIT.
2. NEGOTIATING BANK IS AUTHORISED TO CLAIM REIMBURSEMENT
ON MATURITY FROM REIMBURSING BANK MENTIONED FIELD 53A
WITH VALUE THREE BANKING DAYS UNDER SWIFT ADVISE TO ISSUING
BANK CERTIFYING THAT DOCUMENTS NEGOTIATED ARE IN COMPLIANCE
WITH CREDIT TERMS.
3. DOCUMENT MUS BE FORWARDED BY 'SBINKRSEXXX',TO THE
FOLLOWING ADDRESS:THE CITY BANK LIMITED, TRADE SERVICE
DIVISION,RASHID TOWER, LEVEL- 8,HOUSE- 11,ROAD-21,GULSHAN-1,
DHAKA-1212 BANGLADESH.
57A : Advise Through Bank
HVBKKRSEXXX
------------------------------Instance Type and Transmission------------------------
Notification(Transmission) of Original sent to Swift(ACK)
Network Delivery Status: Network Ack
Priority: Normal
Message Input Reference:
Session Holder: SBINBDDHXOBD
Session: 9604
Sequence: 866074
ACK Date (dd/mm/yy): 16/02/21
ACK Time (hh:mm): 21:37 GMT
--------------------------------------Message Header------------------------------------
Swift Output: 701 Issue of a Documentary Credit
Sender: CIBLBDDHXXX
CITY BANK LIMITED THE
DHAKA
BANGLADESH
Receiver: SBINBDDHOBD
STATE BANK OF INDIA
OBU
DHAKA, BANGLADESH
MUR: XMM603514
---------------------------------------Message Text---------------------------------------
27 : Sequence of Total
2
2
20 : Documentary Credit Number
075121020182
47A : Additional Conditions
13.ALL BANK CHARGES INCURRED BY THE BENEFICIARY'S BANK SHALL BE
BORNE BY THE BENEFICIARY.ALL OTHER BANK CHARGES INCLUDING
REIMBURSEMENT AND DISCOUNTING INTEREST ARE ON APPLICANT'S
ACCOUNT. CONFIRMATION CHARGES TILL NEGOTIATION DATE WILL BE ON
THE ACCOUNT OF BENEFICIARY.DISCOUNTING CHARGES AND
CONFIRMATION CHARGES FOR REST OF THE TENOR UPTO MATURITY ARE ON
APPLICANT ACCOUNT
.
14.COPY OF SHIPMENT ADVISE SENT WITHIN 15 DAYS OF SHIPMENT TO
M/S. PARAMOUNT INSURANCE COMPANY LTD,HOUSE
22,ROAD-113/A,GULSHAN-2,DHAKA-1212,BANGLADESH,EMAIL:PICL(AT)PARAM
UNTGROUPBD.COM, REFERRING INSURANCE COVER NOTE
NO.PRM/HO/MC-81189/02/2021 DATED 15-02-2021 GIVING FULL DETAIL
OF SHIPMENT.THERE IS NO VERIFICATION OR VALIDATION REQUIRED OF
THE AFFORSAID INSURANCE CERTIFICATE OR DETAILS ON THE INSURANCE
CERTIFICATE BY THE LC ISSUING BANK OR CONFIRMING BANK.
.
15. TRANSPORTATION MUST BE EFFECTED BY COMPANIES OPERATING IN
ACCORDANCE WITH THE LAWS AND REGULATIONS OF BANGLADESH REGARDING
VESSEL'S FLAG,SEAPORT,SHIPMENT AND TRANSSHIPMENT.
.
16.THE AMOUNT OF THE PRESENT L/C WILL AUTOMATICALLY
FLUCTUATE AS PER PRICE CLAUSE IN THE CONTRACT ABOVE OR BELOW THE
CREDIT LIMIT, NOTWITHSTANDING AMOUNT OF TOLERANCE SHOWN IN THE
L/C WITHOUT ANY FURTHER AMENDMENT ON OUR SIDE.
.
17.INVOICE QUANTITY SHALL BE BASIS OF THE BILL OF LADING
QUANTITY AND THE BUYER SHALL MAKE PAYMENT FOR THE SHIPMENT ON
THE BASIS OF SUCH BILL OF LADING QUANTITY.