Part Four: Sample of LC issued (SWIFT Format)

27 : Sequence of Total
1 / 1

40A : Form of Documentary Credit
IRREVOCABLE

20 : Documentary Credit Number
LOC2897000203

31C : Date of Issue
071015

40E : Applicable Rules
UCPURR LATEST VERSION

31D : Date and Place of Expiry
071114 UNITED KINGDOM

50 : Applicant
DAMAS ENTERTAINMENT LTD
LOT 19 - 2 MEDAN SETIA SATU
PLAZA DAMANSARA, BUKIT DAMANSARA
50490 KUALA LUMPUR, MALAYSIA

59 : Beneficiary
CLOWN STATION DIRECT LTD
MERROW BUSINESS CENTRE
GUILDFORD SURREY GU8 9WA
UNITED KINGDOM

32B : Currency Code; Amount
GBP 20,151-23

41D : Available With...By...
ANY BANK
BY NEGOTIATION

42C : Draft At...
SIGHT

42D : Drawee
ISSUING BANK

43P : Partial Shipment
NOT ALLOWED

43T : Transshipment
ALLOWED

44E : Port of Loading / Airport of Departure
ANY AIRPORT IN UNITED KINGDOM

44F : Port of Discharge / Airport of Destination
KUALA LUMPUR INTERNATIONAL AIRPORT, MALAYSIA

44C : Latest Date of Shipment
071031

45A : Descr of Goods / Services
MULTIMEDIA PRESENTATION SYSTEMS AS PER PROFORMA INVOICE NO 097/07 DATED 20TH JANUARY 2007 (F.C.A)

46A : Documents Required
FOLLOWING DOCS REQUIRED IN TRIPLICATE UNLESS OTHERWISE STATED
+2 COPIES OF BENEFICIARY’S DRAFT AT SIGHT MARKED DRAWN UNDER ZEALOT BANK LTD IRREVOCABLE DOCUMENTARY CREDIT NUMBER LOC2897000203
+SIGNED COMMERCIAL INVOICE
+CLEAN AIR WAYBILLS INDICATING CREDIT NUMBER LOC2897000203 CONSIGNED TO ZEALOT BANK LTD MARKED FREIGHT TO COLLECT AND NOTIFY APPLICANT
+PACKING LIST
+CERTIFICATE OF UNITED KINGDOM ORIGIN
+BENEFICIARY’S CERTIFICATE OF ASSURANCE

47A : Additional Conditions
+A DISCREPANCY FEE OF USD20-00 / MYR50-00 WILL BE DEDUCTED FROM THE PROCEEDS IF DOCS ARE PRESENTED WITH DISCREPANCY/IES AND ACCEPTANCE OF SUCH DOCS PRESENTED WITH DISCREPANCY/IES WILL NOT IN ANY WAY ALTER THE TERMS AND CONDITIONS OF THIS CREDIT
+GOODS TO BE SHIPPED BY AIRLINER APPOINTED BY THE GOVERNMENT OF MALAYSIA. CERTIFICATE OF APPOINTMENT FROM THE GOVERNMENT OF MALAYSIA TO BE SUBMITTED FOR NEGOTIATION

71B : Charges
ALL CHARGES OUTSIDE MALAYSIA ARE FOR ACCOUNT OF BENEFICIARY

48 : Period of Presentation
DOCS TO BE PRESENTED WITHIN 14 DAYS AFTER THE ISSUANCE OF THE SHIPPING DOCS BUT WITHIN THE VALIDITY PERIOD OF THE CREDIT

49 : Confirmation Instruction
WITHOUT

78 : Instruction to Pay / accpt / nego Bank
+AMOUNT OF NEGOTIATION MUST BE ENDORSED AGAINST THIS CREDIT
+ALL DOCS TO BE AIR COURIERED IN ONE LOT TO ISSUING BANK, ZEALOT BANK LTD, NO 47 & 49 JALAN BAHAGIA, TAMAN TUN DR ISMAIL, 60000 KUALA LUMPUR, MALAYSIA
+UPON RECEIPT OF DOCS IN STRICT COMPLIANCE WITH THE TERMS AND CONDITIONS OF THIS CREDIT, WE SHALL REMIT PROCEEDS AS PER YOUR DISPOSAL INSTRUCTION

I will explain details of each terms and conditions in the next post.