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09/04/15-13:43:46 P2XX-7963-000004 5

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--------------------- Instance Type and Transmission -------------- Original received from SWIFT

Priority : Normal

Message Output Reference : 1343 150409CMBCCNBSAXXX7645303099 Correspondent Input Reference : 1443 150409DAEBKR22AXXX7593095197 --------------------------- Message Header ------------------------- Swift Output : FIN 700 Issue of a Documentary Credit Sender : DAEBKR22XXX

DAEGU BANK, LTD.,THE DAEGU KR Receiver : CMBCCNBSXXX

CHINA MERCHANTS BANK (HEAD OFFICE) SHENZHEN CN MUR : 150409OIPS00002

--------------------------- Message Text --------------------------- 27: Sequence of Total电文页次 1/1

40A: Form of Documentary Credit IRREVOCABLE

20: Documentary Credit Number M31S9504NS00048 31C: Date of Issue开证日期 150409

40E: Applicable Rules

UCP LATEST VERSION

31D: Date and Place of Expiry信用证有效期和有效地 150529 AT NEGOTIATING BANK 50: Applicant

KUMOH EMS CO.,LTD.DAEGU CITY. KOREA 922-2 WORAM-DONG, DALSEO-GU DAEGU, KOREA

59: Beneficiary - Name & Address

HK RD TRADING CO., LIMITED

19/F CHINA MERCHANTS BANK TOWER NO. 7088 SHENNAN BOULEVARD SHENZHEN P.R. CHINA

32B: Currency Code, Amount币种和金额 Currency : USD (US DOLLAR)

Amount : #99000,# 41D: Available With...By... - Name&Addr议付行

ANY BANK

BY NEGOTIATION自由议付 42C: Drafts at... AT SIGHT

42A: Drawee - FI BIC付款人 DAEBKR22XXX

DAEGU BANK, LTD.,THE DAEGU KR 43P: Partial Shipments PROHIBITED 43T: Transshipment PROHIBITED

44E: Port of Loading/Airport of Dep. CHINA TIANJIN PORT

44F: Port of Dischrge/Airport of Dest SOUTH KOREA BUSAN PORT 44C: Latest Date of Shipment 150415

45A: Descriptn of Goods &/or Services HS CODE: 810419000

1. AZ91D INGOT 7.5KG +/-0.5KG QUANTITY : 40MT

09/04/15-13:43:46 P2XX-7963-000004 6

____________________________________________________________________ PRICE: USD2,475/MT AMOUNT:USD99,000.00 CIF BUSAN ORIGIN:CHINA 46A: Documents Required

1. SIGNED COMMERCIAL INVOICE IN 3 FOLD(S) 2. PACKING LIST IN 3 FOLD(S)

3. FULL SET OF CLEAN ON BOARD OCEAN BILLS OF LADING MADE OUT TO全套清洁已装船海运提单,以,,,为抬头,标注运费预付和

THE ORDER OF DAEGU BANK, LTD. MARKED 'FREIGHT PREPAID' AND NOTIFY THE APPLICANT(此信用证被通知人与申请人一致)被通知人为申请人

4. INSURANCE POLICY OR CERTIFICATE IN DUPLICATE 双份FOR 110 PCT OF INVOICE VALUE MADE OUT 被保险人TO ORDER OF DAEGU BANK, LTD. INDICATING A CLAIM SETTLING AGENT

IN SOUTH KOREA 赔付地COVERING INSTITUTE CARGO CLAUSE (A) 47A: Additional Conditions

1. A FEE OF USD 80 IS TO BE DEDUCTED FROM EACH

DRAWING每一次交单FOR THE ACCOUNT OF BENEFICIARY. IF DOCUMENTS ARE

PRESENTED WITH DISCREPANCY(IES).

2. IN ADDITION, IF ANY, WE WILL DEDUCT OUR REMITTANCE CHARGE 汇款费用EQUIVALENT OF USD 80 FOR EACH REMITTANCE. IT SHALL BE FOR ACCOUNT OF BENEFICIARY. 3. ADD TO FIELD 59

A/C NO.:OSA755919921032101

4. IN THE EVENT THAT DOCUMENTS PRESENTED UNDER THIS CREDIT ARE

DETERMINED TO BE DISCREPANT, 信用证下所提交的单据一旦出现不符,我们可以放弃它,WE MAY SEEK A WAIVER OF SUCH

DISCREPANCY(IES) FROM THE APPLICANT AT OUR SOLE DISCRETION. UNLESS PRIOR CONTRA RY INSTRUCTIONS HAVE BEEN RECEIVED FROM THE

PRESENTER, WE MAY RELEASE DOCUMENTS TO THE APPLICANT WITHOUT

FURTHER NOTICE TO YOU UPON THEIR WAIVER OF DISCREPANCIES. IN SUCH EVENT, THE PRESENTER AND/OR BENEFICIARY SHALL HAVE NO如果信用证中存在不符,在接到申请人接受不符点通知的情况下,银行可以考虑放弃扣款,并交给申请人,之前不会给予任何通知

CLAIM AGAINST US.

5. ALL DOCUMENTS MUST BEAR OUR CREDIT NUMBER.

6. ALL DOCUMENTS MUST BE ISSUED IN ENGLISH UNLESS OTHERWISE STIPULATED. 71B: Charges

+ALL BANKING COMMISSIONS AND1118-4018-6583-4956-2486-7805 CHARGES OUTSIDE SOUTH KOREA AND REIMBURSEMENT COMMISSIONS ARE

FOR ACCOUNT OF BENEFICIARY在韩国以外产生的费用由受益人承担 48: Period for Presentation

+DOCUMENTS MUST BE PRESENTED FOR NEGOTIATION WITHIN 21 DAYS AFTER

DATE OF SHIPMENT BUT WITHIN CREDIT(一般15天) VALIDITY

49: Confirmation Instructions WITHOUT

78: Instr to Payg/Accptg/Negotg Bank

1. THE AMOUNT OF EACH NEGOTIATION/DRAWING MUST BE ENDORSED ON

THE REVERSE OF THIS CREDIT AND NEGOTIATING/PRESENTING BANK MUST CERTIFY THE SAME ON THE COVERING SCHEDULE. 2. ALL DOCUMENTS MUST BE MAILED TO DAEGU BANK, LTD. INTERNATIONAL BUSINESS DEPT 14FL, 118, SUSEONG-2-GA, SUSEONG-GU, DAEGU, 706-712 SOUTH KOREA

IN ONE LOT BY COURIER MAIL.

3. UPON RECEIPT OF THE DRAFT AND DOCUMENTS COMPLIED WITH THE TERMS AND CONDITIONS OF THIS CREDIT, WE SHALL REMIT THE PROCEEDS ACCORDING TO THE NEGOTIATING BANK'S INSTRUCTION.

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