信用证修改练习

1、根据以下合同条款及审核要求审核英国伦敦米兰银行来证SALES CONTRACTContract No.: 055756Date:21st. July 2005Seller:Shanghai Cereals and Oil Imp. & Exp. Corporation 上海粮油进出 口公司Buyer:ABC Company Limited 36-36 Kannon Street London U.K.Commodities and Specification: Chinese White Rice Long-shapedBroken Grains (Max): 5%Admixture (Max

2、):0.25%Moisture (Max):15%Quantity:30 000 metric tons with 10% more or less at the seller s optionPacking:Packed in gunny bags of 50kg eachUnit Price:USD400 per M/T FOB stowed (包括理舱费在内的装运港船上交货)Shanghai grossfor netAmount:USD12 000 000 (SAY TWELVEMILLION ONLY)Shipment:during Oct. / Nov. 2005 from Shan

3、ghai to London with partial shipmentand transshipment is allowedInsurance:To be covered by the buyerPayment:By Irrevocable L/C payable at sight for negotiation in China within 15 daysafter the shipmentMidland Bank Ltd., LondonAug. 18th, 2005Advising Bank:Applicant: ABC Company Ltd.Bank of China Shan

4、ghai BranchBeneficiary:Amount: Not exceeding USD12 000 000Shanghai cereals and oilImp. & Exp. Corp.Shanghai ChinaDear Sirs,At the request of ABC Co. Ltd., London, we hereby issue in your favour this revocable documentary credit No. 219307 which is available by negotiation of your draft at 30 days af

5、tersight for full invoice value drawn on us bearing the clause:Drawn under documentary credit Nc219307 of Midland Bank Ltd.,accompaniefobyvtiieg documents:1. Signed commercial invoice in 3 copies.2. Full set of 2/3 clean on board bills of lading made out to order and bank endorsed marked Freight Pre

6、paid and notify applicant.3. Certificate of origin issued by AQSIQ.4. Insurance policy for full invoice value plus 10% covering all risks and war risks as per ICC dated Jan. 1st, 1981.5. Inspection certificate issued by applicant.6. Beneficiarycertificate fax to applicant within 24 hours after shipm

7、ent stating contractnumber, credit number, vessel name and shipping date.Covering 30 000 metric tons Chinese White Rice Long-shapedBroken Grains:5%Admixture:0.25%Moisture:15%At USD400.00 per M/T FOB Shanghai, packed in plastic bags.Shipment from Chinese port to London during Oct. / Nov. 2005Transshi

8、pment is prohibited, partial shipment prohibited.This credit is valid for negotiation before Dec. 15th, 2005 in London.Special Conditions: Documents must be presented for negotiation within 5 days after the date of issuance of the bills of lading, but in any event within this credit validity.We here

9、by undertake to honour all drafts drawn in accordance with the terms of this credit. The advising bank is kindly requested to notify the beneficiary without adding their confirmation for Midland Bank Ltd., London.It is subject to the Uniform Customs and Practice for Documentary Credit (1993 Revision

10、), International Chamber of Commerce Publication NO. 500.SIGNATURES信用证主要有以下不符点1. 信用证金额未考虑溢短装条款,如果溢装,那么会出现单证不一致,故金额应该为Notexceeding USD13 200 000 .2. 信用证性质不符合合同的要求,将 Revocable改成Irrevocable o3. 汇票的付款期限有误,应将 at 30 days after sight改为at sight.4. 运输条款有误,因合同规定采用FOB贸易术语,因此,运费条款“ Freight Prepaid 应改为Freight Co

11、llect.5. 删除保险条款.由于合同规定采用FOB贸易术语,故不应该有出口方提供保险单.6. 检查条款应当删去,由于Inspection Certificate issued by applicant是信用证软条款.或者改为 Inspection should be effected by the beneficiary beforeshipment. Relevant documents or certificates are requested to be issued by theShanghai Exit and Entry Inspection and Quarantine Bu

12、reau. 中国出入境检验检疫局7. 信用证没有溢短装条款规定,而合同有,故要加上“ 30 000 M/T with 10% more or less at the seller s option8. 信用证对规格的描述,没有采用品质机动幅度,应改为 Broken Grains (Max): 5%;Admixture (Max): 0.25%; Moisture (Max): 15%.9. 贸易术语FOB后漏掉：stowed,应加上.10. 包装条款有误,合同规定gunny bags,而信用证却规定为 plastic bags,应改为gunny bags.11. 重量的计算方法“以毛作净在合同里有规定,而信用证漏掉了这一条款,应补上 gross for net.12. 装运港有误,信用证中笼统规定为 Chinese port,而采用FOB贸易术语,其后一定要采用