The document is an irrevocable letter of credit for $54,238.46 issued by ACLEDA Bank PLC to enable the purchase of 25,536 liters of goods from China by a Cambodian applicant. It lists the advising bank, transaction details, shipping terms, required documents, and provides instructions to the negotiating bank regarding document handling and reimbursement.
The document is an irrevocable letter of credit for $54,238.46 issued by ACLEDA Bank PLC to enable the purchase of 25,536 liters of goods from China by a Cambodian applicant. It lists the advising bank, transaction details, shipping terms, required documents, and provides instructions to the negotiating bank regarding document handling and reimbursement.
Original Description:
This is a LC draft from CAMBODIA bank to China bank
The document is an irrevocable letter of credit for $54,238.46 issued by ACLEDA Bank PLC to enable the purchase of 25,536 liters of goods from China by a Cambodian applicant. It lists the advising bank, transaction details, shipping terms, required documents, and provides instructions to the negotiating bank regarding document handling and reimbursement.
The document is an irrevocable letter of credit for $54,238.46 issued by ACLEDA Bank PLC to enable the purchase of 25,536 liters of goods from China by a Cambodian applicant. It lists the advising bank, transaction details, shipping terms, required documents, and provides instructions to the negotiating bank regarding document handling and reimbursement.
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The verbiage below are merely suggestions.
It is the customer’s sole decision to
use it or not. Further, it should not be construed as a promise or agreement to handle a transaction. Accordingly, ACLEDA BANK., PLC is to be held harmless against all liabilities incurred in connection with the use of this language.
Issuing Bank : ACLEDA BANK PLC.
SWIFT CODE (ACLBKHPP)
MT700
Advising Bank : PING AN BANK CO., LTD. (FORMERLY SHENZHEN DEVELOPMENT BANK CO.,LTD.) SHENZHEN,CHINA SWIFT CODE (SZDBCNBS)
27: Sequence of Total
1/1 40A: Form of Documentary Credit IRREVOCABLE 20: Documentary Credit Number TF………………….. 31C: Date of Issue 181011 31D: Date and Place of Expiry 190220CHINA 40E: Applicable Rules UCP LATEST VERSON 50: Applicant PONLOK SOPHY, KAMPONGSVAY, SEREISOPHON, BANTEAY MEANCHEY PROVINCE, CAMBODIA 59: Beneficiary - Name & Address
ADDRESS PLS REFER TO FIELD 47A ITEM NO.3
32B: Currency Code, Amount USD54,238.46 41D: Available With...By... – Name & Addr PING AN BANK CO., LTD. (FORMERLY SHENZHEN DEVELOPMENT BANK CO.,LTD.) SWIFT CODE: SZDBCNBS BY NEGOTIATION 42C: Drafts at... SIGHT 42A: Drawee - BIC ACLBKHPP 43P: Partial Shipments ALLOWED 43T: Transhipment ALLOWED 44E: Port of Loading/Airport of Departure SHANGHAI, CHINA 44F: Port of Discharge/Airport of Destination SIHANOUK VILLE PORT, CAMBODIA 44C: Latest Date of Shipment 20190210 45A: Descriptn of Goods &/or Services + 25,536 LTR OF A AS PER PROFORMA INVOICE NO.YU20181105-152 DATE: 24-DEC-2018 DELIVERY TERMS: CIF SIHANOUK VILLE PORT, CAMBODIA INCOTERMS 2010 46A: Documents Required 1. SIGNED COMMERCIAL INVOICE IN 03 ORIGINALS AND 03 COPIES AND SHOWING 2. DETAILS PACKING LIST IN 3 ORIGINALS AND SHOWING B/L NUMBER, VESSEL NAME, CONTAINER NUMBER, PORT OF LOADING, PORT OF DISCHARGE. 3. FULL SET OF 3/3 ORIGINAL CLEAN ON BOARD OCEAN BILL OF LADING MADE OUT TO ORDER AND ENDORSED IN BLANK, MARKED FREIGHT PREPAID AND NOTIFY CO., LTD. ADD: MITTAPHEAP, KHAN 7 MAKARA, PHNOM PENH, CAMBODIA. 4. INSURANCE POLICY/CERTIFICATE IN DUPLICATE ENDORSED IN BLANK COVERING INSTITUTE CARGO CLAUSE A,INSTITUTE WAR CLAUSES(CARGO), AND INSTITUTE STRIKE CLAUSES (CARGO)FOR 110 PERCENT OF TOTAL AMOUNT AND IN CURRENCY OF THE CREDIT (TRANSHIPMENT RISKS TO BE COVERED IF TRANSHIPMENT EFFECTED) STATING 'CLAIM PAYABLE IN CAMBODIA'. INSURANCE MUST SHOW EXACTLY AGENT NAME AND ADDRESS IN CAMBODIA. 47A: Additional Conditions 1. ALL DOCUMENTS ARE TO BE ISSUED IN ENGLISH AND INDICATING THE IRREVOCABLE DOCUMENTARY CREDIT NUMBER AND DATE OF ISSUANCE. 2. ALL DOCUMENTS EXCEPT DRAFT MUST BE ISSUED TO THE NAME OF CO.,LTD. ADD.: 09 MITTAPHEAP, KHAN 7 MAKARA, PHNOM PENH, CAMBODIA. 3. CONTINUE FROM FIELD 59: 4. AN EXTRA COPY OR PHOTOCOPY OF EACH DOCUMENT PRESENTED IS REQUIRED FOR OUR FILES. 5. A DISCREPANCY FEE OF USD 50.00 WILL BE DEDUCTED FROM PROCEEDS IF DOCUMENTS ARE PRESENTED WITH DISCREPANCY AND ACCEPTANCE OF DISCREPANT DOCUMENTS DOES NOT IN ANY WAY ALTER THE TERMS AND CONDITIONS OF THIS CREDIT. 6. WE RESERVE THE RIGHT TO REFUSE TO DEAL WITH ANY TRANSACTION CONNECTED WITH THIS DOC. CREDIT THAT MAY INVOLVE ANY SANCTIONED PARTIES (INCLUDING BUT NOT LIMITED TO BANKS, CARRIERS, FORWARDERS, SHIPS ETC) IN CONFLICT WITH INTERNATIONAL/EUROPEAN SANCTIONS/REGULATIONS). 71D: Charges ALL BANK CHARGES OUTSIDE CAMBODIA AND REIMBURSEMENT CHARGES ARE FOR BENEFICIARY'S ACCOUNT. 48: Period for Presentation in Days 15 DAYS BUT WITHIN VALIDITY OF THE CREDIT. 49: Confirmation Instructions WITHOUT 78: Instr to Payg/Accptg/Negotg Bank 1. NOMINATED BANK UNDER THIS CREDIT MUST BE ENDORSED ON THE REVERSE OF THE LETTER OF CREDIT. 2. DOCUMENTS TO BE DISPATCHED IN ONE LOT BY COURIER SERVICES TO ACLEDA BANK PLC., TRADE FINANCE DEPARTMENT, IMPORT UNIT, NO.61 PREAH MONIVONG BLVD., SANGKAT SRAH CHORK, KHAN DUAN PENH, PHNOM PENH, CAMBODIA TEL: 855 23 998 343 FAX: 855 23 998 666 COVER LETTER MUST INDICATE OUR LC REFERENCE NUMBER AND PRESENTING DATE AND STIPULATE TO THE EFFECT THAT THIS PRESENTATION IS SUBJECT TO ICC UCP REVISION NO.600. 3. WE UNDERTAKE TO REIMBURSE NEGOTIATING BANK AS INSTRUCTED UPON RECEIPT OF DOCUMENTS IN STRICT COMPLIANCE WITH THE CREDIT TERMS .
