8.

16.

10.

9.

***

15.

()

7.

()

1.

:*GN Form L/C/

**RE Form L/C/
***/
****,
,

4.

11
1

14

****

13

6.

2.
***

5.

12.*
12.**

4-1.**

11.

12-1.**

1.CONTRACT

SELLER

EXPORTER

BENEFICIARY
7.DOCUMNETS 8.MONEY

5.GOODS
6. B/L

NEGOTIATING
BANK

10.CLAIM

GOODS

CARRIER

12.DOCUMENT
9.DOCUMENTS

14.PAYMENT

13.DEBIT ISSUING BANKS

A/C()

ISSUING BANK
OPENING BANK

ACCEPTING BANK AND

OR PAYING BANK

REIMBURSING
BANK

OBU
(BVI)

2.CREDIT APPLICATION
11.MONEY

RE-NEGOTIATING
BANK

4.
ADVICE
OF
CREDIT

BUYER
IMPORTER
APPLICANT

CONFIRMING BANK

ADVISING BANK

3.LETTER OF CREDIT
(AIRMAIL,TELEX,SWIFT)

1.2

3.4

1.

1.
1.

2.

2.

1.D/P
2.D/A

2.

1.
2.
3.
4. 5.

1.
2.

OBU
(BID)
BVI
()

( )

()
1


42
40

1985
40.6

38

200
30.5~
35

36
34
32
30
28
26

1989~1997
24.52~27.5

1997
35.17

19
84
19
85
19
86
19
87
19
88
19
89
19
90
19
91
19
92
19
93
19
94
19
95
19
96
19
97
19
98
19
99
20
00
20
01
20
02
20
03
20
04
20
05
20
06
20
07

24

(Incoterms)
Group E Departure

EXW

EX WORKS

Group F
Carriage Unpaid

FCA
FAS
FOB

Free Carrier
Free Alongside Ship
Free On Board

Group C
Carriage paid

CFR
CIF
CPT
CIP

Cost and Freight

Cost Insurance and
Freight
Carriage Paid To
Carriage and Insurance
Paid To

Group D Arrival

DAF
DES
DEQ
DDU
DDP

Delivered At Frontier
Delivered Ex Ship
Delivered Ex Quay
Delivered Duty Unpaid
Delivered Duty Paid

:
(
)

EXW FCA CPT CIP

DAF DDU DDP

FCA

FCA

FAS FOB CFR CIF

DES DEQ

(UCP)

Uniform Customs and Practice For Documentary

Credit UCP

UCP1933
1951 196219741983
19931993

(1)5(a)(b)(c)(d)

(2)(612)(a)(b)
(c)

(3)(1319)(a)(b)

(4)(2038)(a)(b)(c)
(d)(d)(e)

(5)(3947)(a)(b)(c)
(d)

(6)(48)

(7)(49)

(SWIFT)
(Society For Worldwide
Interbank Financial Telecommunication
Cooperative Society )S W I F T1973
1977


(1)S W I F T

(USER I/D)(PASSWORD)

(2)SWIFT
()

15

(3)SWIFT

Bank Indentifier Code

BIC

FCBK

TW TP

601

:
1. ()941()
4.3172
2

(Irrevocable L/C)94120
2.294
225
2
9431024
94410
94331
11
1

3.1

1.93
HOLLAND
Canadian ImperialBank of Commerce IMP126644
HOLLAND
Canadian Imperial Bank of CommerceBank of British
Columbia

2.HOLLAND
931215HOLLAND

Bank of British Columbia

HOLLAND

(Scrap Metals)78
12A
7935USD965,750
A

()
A
AA

ValiantEpoch Making

UCP500UCP600

UCP500UCP600
UCP500
1.

2.

3.

1.
()

2.

3.
THIRD PARTY
DOCUMENT

UCP600

1.

:(1)

(2)UCP600(3) 2.

(ISBP)

3.

THIRD PARTY
DOCUMENT

UCP500UCP600
UCP500
1.

2.

3.

UCP600

1.

2.

3.

1.

:(1)2.
(2)UCP600(3)

(ISBP)

3.

UCP500UCP600
UCP500
1.

2.

1.

2.

UCP600

1.

UCP

2.

(UCP600)

UCP600UCP500


1933.
:
1951,1962,1974,1983.
:19934,199411
.
:20061025,
200771.

2006102591:0
200771
19934
199411

(Uniform Customs for CreditUCP500)

1951
(UCP151)

1962
(UCP222)

1974
(UCP290)

1983
(UCP400)

1933(UCP82)


UCP500

Position Paper

600

DOCDEX

UCP

OPINION

UCP600
ISBP

Pub. No. 645

UCP600UCP500
UCP500:5,6,8,12,38(30).
UCP500:
2,6,9,10,20,21,22,30,31,33,35,4647.
UCP600:2-,3-,9
-,12-
(Nomination),15-(Complying
Presentation),17.

(Interpretations)-Article 3
UCP500UCP500

()
(from)(after)
ISBP
paragraph 45 d)
A
credit is irrevocable even if there is no
indication to that effect.,
(from)(after)
.

UCP600 Article 3
.()20 first
class
.(UCP500

A.20.a)

.(UCP500 A.6)
,(prompt)
.(UCP500
A.46.b)

on or about
,
(considered to be
.(UCP500 A.46.c)
separate banks).
continue
(UCP500 A.2)

UCP600 Article 3
to,untiland between,
;beforeafter
.(UCP500 A.47.a&b)
fromafter,
.(,ISBP paragraph 45 d)
(first half)
.
(UCP500 A.47.c)
(beginning)

(UCP500 A.47.d)

(from)(after)

(determine a period of
shipment): from
,after.
(determine a maturity
date,
): fromafter
.

 -Article 4 v UCP500 Article 3

b:

An issuing bank should

discourage any attempt by the applicant to
include, as an integral part of the credit, copies of
the underlying contract, proforma invoice and
the like.
Details as per Contract
no.168,which is attached
and forms an integral
part of the credit.

L/C

Contract
168

-Article 10 v UCP500 sub-Article 9(d)

UCP5009d
:

-Article 10 v UCP500 sub-Article 9(d)

A provision in an amendment to the

effect that the amendment shall enter into force
unless rejected by the beneficiary within a
certain time shall be disregarded.

-Article 13 v UCP500 Article 19

UCP50019

(URR525)-a

b:
-.
-.
-.
-,.

-c

SWIFTUCP600 Article 13
MT74040F,
(code)
-URR LATEST VERSION
-NOTURR

-Article 14 v UCP500 Article 13, 21,22

sub-Article 31(iii),37(c),43&ISBP

UCP50013

UCP500(43
37c212231iii)ISBP
(paragraph 146061200)

,:

sub-Article 14(a) &(e) v UCP500 subArticle 13(a) & 37(c)

a:(on the
basis of the documents alone)
(on their face)
v UCP500 13(a)
e:
(if stated)
v
UCP500 37(c)

sub-Article 14(b) v UCP500 sub-Article

13(b)
()

(a maximum of five banking days)

UCP500 sub-Article 13(b):

(a reasonable time, not to exceed

seven banking days)

sub-Article 14(c) v UCP500 sub-Article 43(a)

A presentation including one or

more original transport documents subject to articles 19,
20, 21, 22, 23, 24 or 25 must be made by or on behalf of
the beneficiary not later than 21 calendar days after the
date of shipment as described in these rules, but in any
event not later than the expiry date of the credit.
UCP50043a:
-ISBP paragraph 20&21
UCP

-(calendar day)

sub-Article 14(d) v
UCP500 sub-Article 13 (a)

Data in a document, when read in

context with the credit, the document itself and
international standard banking practice, need
not be identical to, but must not conflict with,
data in the document, any other stipulated
document or the credit.
UCP50013a

B/LShipping mark is: Shipping mark is:

PT LIAM MASPION
PVC PT LIAM MASPION
POLYMERS
POLYMERS
MADE IN INDONESIA MADE IN INDONESIA

shipping mark

sub-Article 14(f) v UCP500 Article 21

(d)
If a credit requires presentation of a document
other than a transport document, insurance document
or commercial invoice, without stipulating by whom the
document is to be issued or its data content, banks will
accept the document as presented if its content appears
to fulfill the function of the required document and
otherwise complies with sub-article14 (d)
UCP50021:
(d)

sub-Article 14(f)-
L/C(Inspection Certificate)
Inspection Certificate Inspection Certificate
It is hereby certified
that goods has been
inspected and passed

It is hereby certified
that goods are
Taiwan origin.

It is hereby certified
that goods has been
inspected and passed

Signed
Dated

Signed
Dated

Signed
Dated

sub-Article 14(g) v UCP500 sub-Article 13

(a)

A document presented but

not required by the credit will be
disregarded and may be returned to the
presenter.
UCP50013a2
:

sub-Article 14(h) &(i) v

UCP500 sub-Article 13(c) & 22
h:

If a credit contains a condition without

stipulating the document to indicate compliance
with the condition, banks will deem such
condition as not stated and will disregard it. v
UCP500 13(c)
i:
v UCP500 22

sub-Article 14(j)

(
)
UCP

When the addresses

of the beneficiary and the applicant appear in any stipulated
document, they need not be the same as those stated in the credit
or in any other stipulated document, but must be within the same
country as the respective addresses mentioned in the credit.
Contact details (telefax, telephone, email and the like) stated as
part of the beneficiarys and the applicants address will be
disregarded. However, when the address and contact details of the
applicant appear as part of the consignee or notify party details
on a transport document subject to article 19,20,21,22,23,24 or 25,
they must be as stated in the credit

sub-Article 14(k) v UCP500 sub-Article 31(iii) &

ISBP paragraph 200

The shipper or consignor

of the goods indicated on any document need
not be the beneficiary of the credit.
UCP50031iii:
ISBP
paragraph 200:

sub-Article 14(l)

(charterer)
UCPA
transport document may be issued by any
party other than a carrierprovided that
the transport document meets the
requirements of articles 19,20or 24 of
these rules.
UCP50030

(Waiver)-Article
16 v UCP500 Article 14

UCP50014
()

(a single
notice)
-continue

(Waiver)-Article
16 v UCP500 Article 14

Article 16 c
the notice must state :
i. that the bank is refusing to honour or negotiate; and
ii. each discrepancy in respect of which the bank refuses to honour
or negotiate; and
iii. a) that the bank is holding the documents pending further
instructions from the presenteror
b) that the issuing bank is holding the documents until it
receives a waiver from the applicant and agrees to accept it, or
receives further instructions from the presenter prior to agreeing
to accept a waiveror
c) that the bank is returning the documentsor
d) that the bank is acting in accordance with instructions
previously received from the presenter.

-Article 17
/
ICC
Document No.470/871 rev. Jul. 29, 1999
ISBPb,c
UCP50020ci
(a)
(ISBP paragraph 32 )
(d)
(ISBP paragraph 34 )
e UCP50020cii

(UCP600 sub-Article 17(b)

(c))
(original)

i.

ii.
iii.

-Article 18 v UCP500 Article 37

(
)
UCP50037
(must be made out in the
same currency as the credit)
b:A nominated bank the issuing bank may
accept a commercial invoice issued for an
amount in excess of the amount permitted by the
credit, and its decision will be binding upon all
parties.not honoured or negotiated for an
amount in excess of that permitted by the credit.


L/C is for USD100,000

Invoice

Invoice

Account for XYZ Pte

Description of Goods:
1000kgs of Fabric
USD100,000
(Equivalent of
SGD150,000)

Account for XYZ Pte

Description of Goods:
1000kgs of Fabric
SGD150,000
(Equivalent of
USD100,000)
V

UCP600UCP500
UCP600

UCP500

20

26

23

21

24

22

25

23

27

24

28

29

19

25


- Article 19 v UCP500 Article 26

:
.
,,;
,.
,.
-/.
.
.
.
;,
.

Article 19 v UCP500 Article 26

UCP50026
,
/

(combined)
(multimodal transport
operator)

-Article 22 v UCP500 Article 25

UCP50025

(charterer)

(master)(owner)

The port of discharge may also be

shown as a range of ports or a geographical area,
as stated in the credit(ISBP paragraph 106)

-Article 23 v UCP500 Article 27

UCP50027

(unless the air transport document

contains a specific notation of the actual date of
shipment)

UCP500:

ISBP Paragraph 151:

-Article 35 v Article 16

UCP50016


(BASIC PERILS)
:
1.(Free from Paticular AverageI.C.C.F.P.A.)

(LOADING)(Transhipment)(Unloading)
(Package or packages totally loss)-

(General Average)

2.(W.A or W.P.A.)

With Average With Particular Average

(Franchise)
WA(f3-100)3%
(WPAIOP)I.O.P.Irrespective
of Percentage

3.(All Risks)I.C.C(ALL RISK)

(War Risks)
(S.R.C.C)
(Frustration of voyage)


198211

(A)ICC(A)
ICC(all rick)

(B)
Institute Cargo
Clauses(B)
ICC(B)
ICC(WA)

(C)
Institute Cargo

ICC ICC ICC ICC

(AR) (WA) (FPA) (A)

ICC ICC
(B) (C)

ICC ICC ICC ICC

(AR) (WA) (FPA) (A)

ICC ICC
(B) (C)

(War Risks)
(Strikes,riots and civil commotions)
(Risk of Strikes Diversion Expenses)
(Theft,Pilferage and Non-delivery)
(Risk of Breakage)
(Risk of Hook Damage)
(Risk of Rain & Fresh Water Damage)
(Risk of Leakage)
(Contamination risk)
(Risk of Contingency Loss)
(Risk Before Loading for Benefit to shipper)
(Risk of Elevator Spout)
(Risk of Heat and Sweat)

(Risk of Heating & Spontaneous Combustion)

(Risk of Fish Meal)
(J.W.O.B.)
(Risk of Livestock)
(Risk of Rejection & Condemnation)
(Risk of Country Damage)


?
.(Received for Shipment B/L)
Receive B/L


.(Unclean Bill of Lading)
Foul Bill of LadingDirty Bill of
Lading

1.
2.


.(Stale B/L)
()
(Reasonable Time)

21


.(On Deck Bill of Lading)
(On
Deck Cargo(Shipping On Deck


.(Sailing Vessel B/L)
Sailing Boat B/L Sailing Ship B/L

.(Charter Party Bill of Lading)

(C/P)


.(Forwarders Cargo Receipt)
(F.C.R.)
(freight forwarder)