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LC Worbage

This document outlines an irrevocable documentary credit issued by Abu Dhabi Commercial Bank for a transaction involving ITC International LLC, with a total amount of USD 480,000 for the purchase of South African chrome ore. It specifies the required documentation, shipping details, and conditions for the transaction, including allowances for partial shipments and transshipment. The credit is governed by the latest UCP rules and has a validity period until March 21, 2023.

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bolloju Victo
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0% found this document useful (0 votes)
51 views3 pages

LC Worbage

This document outlines an irrevocable documentary credit issued by Abu Dhabi Commercial Bank for a transaction involving ITC International LLC, with a total amount of USD 480,000 for the purchase of South African chrome ore. It specifies the required documentation, shipping details, and conditions for the transaction, including allowances for partial shipments and transshipment. The credit is governed by the latest UCP rules and has a validity period until March 21, 2023.

Uploaded by

bolloju Victo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

MESSAGE TYPE: 700 TO INSTITUTION: ADCBAEAAXXX ABU DHABI COMMERCIAL BANK

SALAM STREET ABUABI

PRIORITY: NORMAL

27: SEQUENCE OF TOTAL 1/1

40A: FORM OF DOCUMENTARY CREDIT IRREVOCABLE

20: DOCUMENTARY CREDIT NUMBER 22/BMLCS/XXXXXX

31C: DATE OF ISSUE XXXXXX

40E: APPLICABLE RULES UCP LATEST VERSION

31D: DATE AND PLACE OF EXPIRY 230321UAE

50: APPLICANT

59: BENEFICIARY ITC INTERNATIONAL xxxxxxx LLC,REG. 511822, P.O.BOX:


39558,DUBAI, UAE

32B: CURRENCY CODE, AMOUNT USD 480000,00

39A: PERCENTAGE CREDIT AMOUNT TOLERANCE 10/10

41D: AVAILABLE WITH... BY... ANY BANK IN U.A.E.BY PAYMENT

42C: DRAFTS AT..... SIGHT

42A: DRAWEE BMUSOMRXXXX BANKMUSCAT SAOG AL TIJARA STREET MUSCAT 112 MUSCAT

43P: PARTIAL SHIPMENTS ALLOWED

43T: TRANSHIPMENT ALLOWED

44E: PORT OF LOADING/AIRPORT OF DEPARTURE ANY PORT IN SOUTH AFRICA

44F: PORT OF DISCHARGE/AIRPORT OF DESTINATION SOHAR PORT, OMAN

44C: LATEST DATE OF SHIPMENT 230230

45A: DESCRIPTION OF GOODS AND/OR SERVICES

COMMODITY: SOUTH AFRICAN ORIGIN CHROME ORE ROM/LUMPY/ 38 PCT/40 PCT

QUANTITY: 2000 DMT (PLUS/MINUS)10 PCT IN BENEFICIARY'S OPTION.

ORIGIN: SOUTH AFRICA

CONTRACT NO.: ITC-ETA-23/01 DATED 23.01.2023

PER DMT BASIS ON CR203 40 PCT FRACTIONS PRO-RATA. .

INCOTERM: 2020, CFR, SOHAR PORT, OMAN.


46A: DOCUMENTS REQUIRED.

1. BENEFICIARY'S SIGNED COMMERCIAL INVOICE IN THREE ORIGINALS AND TWO


COPIES INDICATING CONTRACT NUMBER, B/L NUMBER, L/C NUMBER,BASED ON THE
CERTIFICATES OF QUALITY AND CERTIFICATE OF WEIGHT ISSUED BY
INSPECTION AGENCY COMPANY AT LOADING PORT, SHOWING THE TOTAL SHIPMENT VALUE
FOR THE CARGO SHPPED ON BOARD.

ONE ORIGINAL INVOICE MUST BE CERTIFIED BY CHAMBER OF COMMERCE AND


LEGALISED BY OMAN EMBASSY OR CONSULTAE.IN THE ABSENSE OF OMAN
EMBASSY/CONSULATE IN EXPORTING COUNTRY,LEGALISATION BY GCC/ARAB EMBASSY/
CONSULTE IS ACCEPTABLE.THE INVOICE TO SHOW BL WEIGHT ADJUSTEMENT AND
CALCULATION DETAILS IF ANY.

2. COMPLETE SET 3/3 OF SHIPPED ON BOARD OCEAN LINER BILLS OF LADING MADE TO
THE ORDER OF BANK MUSCAT SAOG, P.O.BOX 134,RUWI,P.C.112, SULTANATE OF OMAN
SHOWING CREDIT NUMBER MARKED FREIGHT PREPAID AND NOTIFY APPLICANT. BILL OF
LADING MUST INDICATE SHIPPED ON BOARD DATE,NAME OF CARRYING VESSEL,
CONTAINER NUMBER,NAME AND ADDRESS OF THE CARRIER/AGENTS AT THE PORT OF
DESTINATION,

AND ''14 FREE CONTAINER DETENTION DAYS AT PORT OF DISCHARGE''.

3. A CERTIFICATE FROM THE SHIPPING COMPANY OR THEIR AGENT CERTIFYING.


3.1. THE VESSEL CARRYING THE CARGO IS CLASSIFIED AS 100 A1 OR ITS
EQUIVALENT AS PER INSTITUTE CLASSIFICATION CLAUSE.
3.2. THE VESSE IS NOT MORE THAN 25 YEARS OLD AND IS MAINTAINING A REGULAR
PATTERN OF TRADING ON AN ADVERTISED SCHEDULE TO LOAD AND UNLOAD CARGO AT
SPECIFIED PORTS.
3.3. THE CARRYING VESSEL IS ALLOWED TO ENTER ARAB COUNTRIES AND SULTANATE
OF OMAN ACCORDINGLY TO MARITIME RULES AND PORT(S) REGULATIONS RELATING TO
MATTERS OTHER THAN THE ARAB COUNTRIES AND SULTANATE OF OMAN BOYCOTTS.
3.4. THE VESSEL IS ISM COMPLIANT

4. CERTIFICATE OF WEIGHT ISSUED BY SGS, MITRA S.K. SOUTH AFRICA(PTY)LTD


OR ANY EQUIVALENT THIRD PARTY AT LOADING PORT IN ONE ORIGINAL AND ONE COPY.

5. CERTIFICATE OF QUALITY ISSUED BY SGS,MITRA S.K. SOUTH AFRICA(PTY)LTD


OR ANY EQUIVALENT THIRD PARTY AT LOADING PORT IN ONE ORIGINAL AND ONE COPY.

6. CERTIFICATE OF ORIGIN ISSUED BY CHAMBER OF COMMERCE IN EXPORTING


COUNTRY, CERTIFYING THAT THE GOODS SHIPPED ARE OF SOUTH AFRICAN ORIGIN,
GIVING NAME AND ADDRESS OF THE EXPORTER, DULY LEGALISED BY OMAN EMBASSY OR
CONSULATE OR IN THE ABSENCE OF OMAN EMBASSY/CONSULATE IN EXPORTING COUNTRY,
LEGALISATION BY GCC/ARAB EMBASSY/CONSULATE IS ACCEPTABLE.

7. ORIGINAL OF PACKING LIST INDICATING TOTAL WET WEIGHT IN METRIC TONS,


CONTRACT NO. B/L NO., NUMBER OF CONTAINERS.

8. MATERIAL SAFETY DATA SHEET IN 1 ORIGINAL ISSUED BY BENEFICIARY ON


BENEFICIARY'S LETTERHEAD.

9. CERTITICATE ISSUED BY THE MANUFACTURER OR EXPORTER STATING THAT THE


GOODS ARE NOT ISRAELI ORIGIN, HAVE NOT BEEN EXPORTED FROM ISRAEL AND DO NOT
CONTAIN ANY ISRAELI MATERIALS.

10. BENEFICIARY'S CERTIFICATE CERTIFYING THAT SHIPPING ADVICE AND COPY OF


SHIPPING DOCUMENTS WILL BE SENT TO THE APPLICANT.
47A: ADDITIONAL CONDITIONS

1) WITHIN 5 WORKING DAYS FROM THE BILL OF LADING DATE, BENEFICIARY MUST
SEND SHIPMENT DETAILS TO AXA INSURANCE (GULF) B.S.C. (C), P.O. BOX 1276,
RUWI,POSTAL CODE 112,SULTANATE OF OMAN BY FAX ON THEIR FAX NO.00968
24400120 REFERRING TO THEIR MARINE OPEN COVER NO. 68/MO/030394 050394 AND
IN EVIDENCE THE RELATIVE FAX TRANSMISSION REPORT TO ACCOMPANY THE
NEGOTIATING DOCUMENTS.

2) ALL DOCUMENTS MUST BEAR THE L/C NUMBER.


3) ANY DOCUMENT ISSUED PRIOR TO THIS LC IS NOT ACCEPTABLE.
4) TOLERANCE PLUS/ MINUS 10 (TEN) PERCENT IS ALLOWED. IN BOTH QUANTITY
AND VALUE.

5) DESCRIPTION OF GOODS SPECIFICATIONS:


QUANTITY: 3000 DMT (PLUS/MINUS 10 PERCENT IN BENEFICIARY'S OPTION)

CR2O3: 38 PCT - 40 PCT, REJECTION LESS THAN 37.50 PCT


SIO2: 3.65 PCT MAX
AL203: 11.19 PCT MAX
MGO: 5.37 PCT MAX
P: 0.005 PCT MAX
S: 0.005 PCT MAX
MOISTURE: 5 PCT MAX
SIZE: 1 MM 90MM (99 PERCENT MIN)

PACKING: IN BULK IN 20FT CONTAINERS CONTAINING

6) MAX 26-28 MT, THE INSIDE OF THE CONTAINER BOTTOM AND THREE SIDES TO BE
COVERED BY PLASTIC SHEET.

7) FOR EACH SET OF DOCUMENTS BEARING DISCREPANCIES AND DOCUMENTS ON


APPROVAL BASIS PRESENTED UNDER THIS LETTER OF CREDIT, DISCREPANCIES CHARGES
ARE FOR THE ACCOUNT OF THE BENEFICIARY.

8) EXCEPT AS OTHERWISE EXPRESSLY STATED HEREIN,THIS LETTER OF CREDIT IS


SUBJECT TO UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS (2007
REVISION) ICC PARIS PUBLICATION NO.600.

71D: CHARGES ALL BANK CHARGES OUTSIDE OMAN ARE FOR THE ACCOUNT OF
BENEFICIARY
48: PERIOD FOR PRESENTATION IN DAYS 21/DAYS FROM THE DATE OF B/L
49: CONFIRMATION INSTRUCTIONS WITHOUT
78: INSTRUCTIONS TO THE PAYING/ACCEPTING/NEGOTIATING BANK
1. NEGOTIATING BANK MUST SEND THE ORIGINAL DOCUMENTS TO THE L/C ISSUING
BANK BY COURIER SERVICE.

2. UPON RECEIPT OF FULLY COMPLIED L/C DOCUMENTS AT OUR COUNTERS, WE SHALL


TELEREMIT THE AMOUNT OF DRAFT AS PER NEGOTIATING BANK'S INSTRUCTIONS. OUR
REMITTING CHARGES OF USD.60.00 WILL BE DEDUCTED FROM THE DRAFT AMOUNT.

72Z: SENDER TO RECEIVER INFORMATION ISSUING BANK'S MAILING ADDRESS:

BANK MUSCAT SAOG,P.O.BOX 134,

RUWI,P.C.112 ,SULTANATE OF OMAN

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