Section B Supporting

Documentation
In-Basket 2

In-Basket 2 should be referred to when answering Questions 96100.

Introduction
The attached documentary credit has been advised by your bank.

Assumptions
1. Saturday and Sunday are non-banking days and there are no bank
holidays.

Documents presented
1. Swift MT700.
2. Transfer request.

INCOMING SWIFT MSG 700

FROM ISSUING BANK

TO THE BEST BANK
MESSAGE USER REFERENCE

M5478

27 : SEQUENCE OF TOTAL

1/1

40A : FORM OF DOCUMENTARY CREDIT

IRREVOCABLE TRANSFERABLE

20 : DOCUMENTARY CREDIT NUMBER

M5478

31C : DATE OF ISSUE

06 MARCH XXXX

40E: APPLICABLE RULES

UCP LATEST VERSION

31D : DATE AND PLACE OF EXPIRY

06 NOVEMBER XXXX CANADA

50 : APPLICANT

XYZ CO, TORONTO, CANADA

59 : BENEFICIARY

ABC CO, VANCOUVER, CANADA

32B : CURRENCY AND AMOUNT

CAD 120,000.00

41D : AVAIL. WITH/BY

ANY BANK BY NEGOTIATION

42C : DRAFTS AT

120 DAYS SIGHT

42D : DRAWEE

ISSUING BANK

43P : PARTIAL SHIPMENTS

PROHIBITED

43T : TRANSHIPMENTS

PROHIBITED

44C : LATEST DATE FOR SHIPMENT

16 OCTOBER XXXX

44E: PORT OF LOADING /

AIRPORT OF DEPARTURE

SHANGHAI, CHINA

44F: PORT OF DISCHARGE /

AIRPORT OF DESTINATION

VANCOUVER, CANADA

45A : DESCRIPTION OF GOODS

10,000 UNITS OF
WEB CAMERAS AT
CAD 12 .00 EACH CIF VANCOUVER

46A : DOCUMENTS REQUIRED

+SIGNED COMMERCIAL INVOICE IN

1 ORIGINAL AND 3 COPIES.
+PACKING LIST IN 1 ORIGINAL AND
3 COPIES.

+CERTIFICATE ISSUED BY XYZ

COMPANY INDICATING CLEAN
INSPECTION OF GOODS.
+INSURANCE POLICY COVERING
ALL RISKS ISSUED IN TWO
ORIGINALS.
+FULL SET OF ORIGINAL BILLS OF
LADING CONSIGNED TO ORDER OF
APPLICANT MARKED FREIGHT PAID.
+CERTIFICATE OF ORIGIN.
47A : ADDITIONAL CONDITIONS

+BENEFICIARY MUST PROVIDE

APPLICANT WITH DETAILS OF
SHIPMENT.
+SHIPMENT MUST BE MADE ON
VESSEL FARVE.
+TRANSFER IS RESTRICTED TO
THE BEST BANK.
+GOODS MUST BE OF CHINESE
ORIGIN.

48 : PERIOD FOR PRESENTATION

WITHIN 21 DAYS AFTER THE DATE

OF SHIPMENT BUT WITHIN CREDIT
VALIDITY

49 : CONF INSTRUCTIONS

MAY ADD

78 : INSTRUCTIONS

ON RECEIPT OF DOCUMENTS BY
US IN COMPLIANCE WITH THE
CREDIT WE WILL REIMBURSE
YOU IN ACCORDANCE WITH
YOUR INSTRUCTIONS AT
MATURITY

*****MESSAGE PASSED AUTHENTICATION****

APPLICATION FOR A PARTIAL TRANSFER OF A DOCUMENTARY CREDIT

TO:

THE BEST BANK

SUBJECT:

DATE: 06 APRIL XXXX

DOCUMENTARY CREDIT NUMBER:

ISSUING BANK:

M5478
ISSUING BANK

LADIES AND GENTLEMEN:

WE HEREBY INSTRUCT YOU TO TRANSFER THE ABOVE-CAPTIONED DOCUMENTARY CREDIT, TO
123 COMPANY, SHANGHAI, CHINA AS FOLLOWS:
TRANSFER TO BE SENT VIA:

COURIER

FULL TELETRANSMISSION TO:

CHINA SHANGHAI BANK
SHANGHAI, CHINA

ON THE SAME TERMS AS THE ORIGINAL LETTER OF CREDIT, WITH THE EXCEPTION OF:
AMOUNT: CAD 90,000.00
EXPIRY DATE: 31 OCTOBER XXXX
LATEST SHIPMENT DATE: 16 OCTOBER XXXX
PRESENTATION PERIOD: 15 DAYS
QUANTITY OF GOODS AND UNIT PRICE: 10,000 UNITS OF WEB CAMERAS AT CAD 9.00 EACH CIF
VANCOUVER
WE HERBY RETAIN OUR RIGHTS TO AMENDMENTS UNDER THE ABOVE MENTIONED
DOCUMENTARY CREDIT. WE UNDERSTAND THAT ANY AMENDMENT RECEIVED BY THE BEST
BANK UNDER THIS DOCUMENTARY CREDIT WILL NOT AUTOMATICALLY BE SENT TO THE ABOVE
SECOND BENEFICIARY AND AS SUCH, IF WE WISH TO AMEND THE TRANSFER, WE MUST SEND
SUCH REQUEST IN WRITING TO THE BEST BANK.
-ORWE HEREBY WAIVE OUR RIGHTS TO AMENDMENTS UNDER THE ABOVE MENTIONED
DOCUMENTARY CREDIT. WE UNDERSTAND THAT ANY AMENDMENT RECEIVED BY THE BEST
BANK UNDER THIS DOCUMENTARY CREDIT WILL AUTOMATICALLY BE SENT TO THE ABOVE
SECOND BENEFICIARY AND AS SUCH WE WILL HOLD THE BEST BANK HARMLESS OF SUCH
ACTION ASSOCIATED WITH THE ADVISING OF ANY AMENDMENT TO THE SECOND BENEFICIARY.
ENCLOSED ARE THE ORIGINAL DOCUMENTARY CREDIT AND THE ORIGINAL OF ALL
AMENDMENTS TO THIS DATE. PLEASE NOTIFY THE SECOND BENEFICIARY OF THIS TRANSFER
AND OF THE TERMS AND CONDITIONS OF THE DOCUMENTARY CREDIT AS TRANSFERRED. THIS
TRANSFER WILL NOT BECOME EFFECTIVE UNTIL THE SECOND BENEFICIARY IS SO NOTIFIED.
VERY TRULY YOURS,
ABC CO.

AUTHENTICATED
BANK OF VANCOUVER BC

SIGNATURE OF FIRST BENEFICIARY

VICE PRESIDENT