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Swift Output : FIN 700 Issue of a Documentary Credit
Sender : PCBCCNBJNPX
Receiver
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27 Sequence of Total
Number 1
Total 1
40A Form of Documentary Credit
IRREVOCABLE TRANSFERABLE
20 Documentary Credit Number
31C Date of Issue
210913
40E Applicable Rules
UCP LATEST VERSION
31D Date and Place of Expiry
211120 AT NEGOTIATING BANK’S COUNTER
50 Applicant
NINGBO HUAMAO INTERNATIONAL
TRADING CO., LTD ADD PLS SEE 47A
59 Beneficiary - Name & Address
PT. DIAMITRA AGUNG PERKASA
Griya Lambung Mangkurat Blok B1 No.2 Banjar baru
INDONESIA
32B Currency Code, Amount
USD 6000000,
39A Percentage Credit Amt Tolerance
10/ 10
41D Available With...By... -
ANY BANK BY NEGOTIATION
42C Drafts at...
DRAFT AT SIGHT FOR 100PCT OF INVOICE VALUE
42D Drawee –
ISSUING BANK
43P Partial Shipments
NOT ALLOWED
43T Transhipment
NOT ALLOWED
44E Port of Loading/Airport of Dep.
TABONEO, SOUTH KALIMANTAN, INDONESIA
:44F Port of Dischrge/Airport of Dest
CHINESE MAINLAND PORT(S)
44C Latest Date of Shipment
211020
45A Descriptn of Goods &/or Services
COMMODITY: INDONESIAN STEAM COAL
QUANTITY: 50,000MT (+/-10%)
PACKING: IN BULK
COUNTRY OF ORIGIN: INDONESIA
BASE PRICE: FOB USD 99+ Freight cost USD 21 in total of CFR USD 120 per metric ton ANYPORT IN
MAINLAND CHINA basis 5,500 kcal/kg Net Calorific Value.
46A Documents Required
PART A:
THE DOCUMENTS REQUIRED FOR 97% PAYMENT AT THE LOADING PORT UNDER THE LC SHALL BE
presented within 7 days after the shipment date but within the validity of the L/C AS FOLLOWS:
Seller's signed Commercial Invoice in 1 original and 2 copies showing actual results, and adjustments,
deduction if applicable, stating description of the Coal and country of origin;
Full set of original (3/3) and three non-negotiable copies of clean on board Bill(s) of Lading marked “Freight
Payable as per Charter Party”; made out To Order and blank endorsed, notifying as per Buyer’s instruction;
Certificate of Sampling and Analysis in 1 original plus 2 copies issued by the Independent Surveyor;
Certificate of Weight in 1 original plus 2 copies issued by the Independent Surveyor;
DraftSurveyReport in 1original plus 2copiesissuedbytheIndependentSurveyor;
Certificate of Origin in 1 original plus 2 copies issued by the Independent Surveyor.
PART B:
THE DOCUMENTS REQUIRED FOR THE REMAINING 3% PAYMENT AT THE DISCHARGING PORT shall be presented within
30 days after the shipment date but within the validity of the L/C AS FOLLOWS:
- Certificate of Weight in 1 copy issued by the Independent Surveyor at Discharging Port
- Certificate of Sampling and Analysis in 1 copy issued by the Independent Surveyor at Discharging Port
- Draft Survey Report in 1copy issued by the Independent Surveyor at Discharging Port
- Seller's signed Commercial Invoice in 1 original and 2 copies showing actual results and adjustment
47A Additional Conditions
+APPLICANT ADDRESS IS 17TH FLOOR HENG FU BUILDING NO.828 FUMING ROAD YINZHOU DISTRICT
NINGBO CHINA
+10 PERCENT MORE OR LESS IS ALLOWED ON QUANTITY.15PERCENT MORE OR LESS IS
ALLOWED ON AMOUNT
+ QUALITY ANALYSIS RESULTS OF THE SHIPMENT ARE ACCEPTABLE FOR PAYMENT IF THEY VARY
FROM THE TYPICAL SPECIFICATIONS, BUT ALWAYS WITHIN THE REJECTION LIMITS.
+. CHARTER PARTY BILLS OF LADING ARE ACCEPTABLE
+.T/T REIMBURSEMENT NOT ALLOWED
+.ALL DOCUMENTS MUST BE MADE IN ENGLISH.
+A MISSPELLING OR TYPING ERROR THAT DOES NOT AFFECT THE MEANING OF A WORD OR THE
SENTENCE IN WHICH IT OCCURS DOES NOT MAKE A DOCUMENT DISCREPANT, EXCEPT IN REGARD
TO THE NAME OFCOMMODITY, VALUE, PRICE, QUANTITY, QUALITY, SIZE AND DELIVERY TERMS
+.THIRD PARTY DOCUMENTS EXCEPT DRAFTS AND COMMERCIAL INVOICE ARE ACCEPTABLE,
UNLESS OTHERWISE STIPULATED.
+DOCUMENTS SHOWING QUANTITY AND/OR WEIGHT IN ‘MT’, ‘MTS’ OR ‘METRIC TON’ OR
‘METRIC TONS’ ARE ACCEPTABLE.
+.ALL DOCUMENTS MUST BE DATED AFTER THE BILL OF LADING DATE.
+.INVOICE MUST SHOW UNIT PRICE AND PRICE ADJUSTMENT, IF APPLICABLE.
+UNLESS OTHERWISE STIPULATED, ALL DOCUMENTS EXCEPT DRAFT(S), COMMERCIAL INVOICES
AND BENEFICIARY’S CERTIFICATE MUST NOT SHOW INVOICE NO., INVOICE DATE, BASE PRICE,
INVOICE / SHIPMENT VALUE, TRADE TERM / PRICE TERM, VALUE OF GOODS, PAYMENT TERMS OF
THIS CREDIT, NO. AND DATE OF THIS CREDIT, ANY CONTRACT NO. AND DATE, ANY CREDIT NO., ANY
L/C ISSUE DATE, ANY PURCHASE ORDER NO/PROFORMA INVOICE NO., NAME, ADDRESS OF ANY
BANK AND/OR ANY BANK’S REFERENCE NO., AND MUST NOT IDENTIFY ANY PARTY AS BUYER,
SELLER, APPLICANT AND BENEFICIARY.
+CORRECTIONS OR ALTERATIONS IN ALL DOCUMENTS MUST BE STAMPED BY ISSUER’S COMPANY
CHOP WITH HIS INITIALS.
+CHARTER PARTY B/L IS ACCEPTABLE. CHARTER PARTY BILL OF LADING MUST BE SIGNED BY THE
MASTER OR VESSEL OWNER OR A NAMED AGENT FOR AND ON BEHALF OF THE MASTER OR VESSEL
OWNER. SHIPPER AS AGENT IS NOT ACCEPTABLE.
+FORWARDER/HOUSE/SHORT FORM/BLANK BACK B/L IS UNACCEPTABLE.
+ THE TOTAL AMOUNT AND ADJUSTED FOB PRICE OF THE INVOICE SHALL BE ROUNDED TO
THE NEAREST US CENTS.
+ DOCUMENTS SHOWING PORT OF DISCHARGE AS “ANY PORT(S) IN MAINLAND CHINA” OR
NAME OF A SPECIFIC DISCHARGING PORT IN CHINA ARE ACCEPTABLE.
+ACTUAL RESULTS ON CERTIFICATE OF SAMPLING AND ANALYSIS DIFFERENT FROM TYPICAL
VALUE BUT NOT EXCEEDING THE REJECTION LIMITS UNDER THE SPECIFICATIONS IN THE L/C
AREALLOWED. IN ANY CASE, THE ACTUAL RESULTS OF SPECIFICATIONS MUST NOT REACH
THE REJECTION LIMITS MENTIONED IN THE L/C.
+ABBREVIATIONS:
NET CALORIFIC VALUE EQUALS TO NCV ,ADB EQUALS TO AIR DRIED BASIS,ARB EQUALS TO
AS RECEIVED BASIS,ASH EQUALS TO ASH CONTENT ,SULPHUR EQUALS TO TOTAL SULPHUR
OR TOTAL SULFUR,HGI EQUALS TO HARDGROVE GRINDABILITY INDEX,COA EQUALS TO
CERTIFICATE OF ANALYSIS OR CERTIFICATE OF SAMPLING AND ANALYSIS,CERTIFICATE OF
DRAFT SURVEY EQUALS TO DRAFT SURVEY REPORT.
+ SPLIT DOCUMENTS ARE ACCEPTABLE, PROVIDED THAT PARTIAL SHIPMENT NOT OCCURED
+AMOUNT OF THIS CREDIT OVERDRAWN OR UNDERDRAWN DUE TO PRICE ADJUSTMENT
STIPULATED IN THIS CREDIT I IS ACCEPTABLE.BUT IN NOT EVENT SHOULD THE TOTAL
CLAIMING AMOUNT EXCEED THE L/C MAXIMUM AMOOUNT
+ THE COAL WILL HAVE THE FOLLOWING TYPICAL SPECIFICATIONS, DETERMINED IN
ACCORDANCE WITH ISO STANDARDS UNLESS SPECIFIED OTHERWISE:
Typical Rejection
Net Calorific Value (ARB) 5,500 kcal/kg Below 5,300 kcal/kg
Total Moisture (ARB) 16% Above 20%
Inherent Moisture (ADB) 5 - 7% No rejection
Ash (ARB) 10% Max Above 14%
Volatile Matter (ADB) 40% approx No rejection
Fixed Carbon (ADB) By Difference
Total Sulphur (ADB) 0.8% Above 1.0%
Hard Grove Index (HGI) 45 Below 42
Size 0-50 MM 90% approx No rejection
AFT (IDT) 1,300 deg C No rejection
ARB = As Received Basis
ADB = Air Dried Basis
The Coal shipped by Seller shall meet the following trace elements on GB standards:
Specification Rejection
Mercury (Hg) [DB] Above 0.6 ppm
Arsenic (As) [DB] Above 80 ppm
Fluorine (F) [DB] Above 200 ppm
Phosphorous (P) [DB] Above 0.15%
Chlorine (CL) [DB] Above 0.3%
+ PRICE ADJUSTMENT
IF THE ACTUAL NET CALORIFIC VALUE (AS RECEIVED BASIS) AS CERTIFIED AT THE LOADING
PORT IS ABOVE OR BELOW 5,500 KCAL/KG AND EQUAL AND ABOVE 5,300 KCAL/KG, THEN THE
PRICE ADJUSTMENT SHALL BE CALCULATED AS PER FOLLOWING PRICE FORMULA:
ACTUAL UNIT PRICE EQUALS TO USD106× ACTUAL NCV (ARB)/ 5500 KCAL/KG
71D Charges
ALL BANKING CHARGES
AND INTEREST IF ANY
OUTSIDE THE ISSUING BANK
INCLUDING REIMBURSEMENT
CHARGE ARE FOR ACCOUNT OF
BENEFICIARY
48 Period for Presentation
7
49 Confirmation Instructions
WITHOUT
78 Instr to Payg/Accptg/Negotg Bank
+ DOCUMENT MUST BE SENT IN ONE LOT VIA COURIER SERVICES TO THE EXPORT-IMPORT BANK OF CHINA
NINGBO BRANCH A-27F, INTL FINANCIAL SERVICE CENTRE,NO,268 MINAN EAST ROAD,YINXHOU
DISTRICT,NINGBO ,315040,P.R.C.
+AMOUNT OF EACH DRAWING MUST BE ENDORSED ON THE REVERSE OF THIS CREDIT BY THE
NEGOTIATING/PRESENTING BANK.
+ONLY UPON RECEIPT OF FULL SET OF DOCUMENTS AT OUR COUNTERS FULL WILL EFFECT PAYMENT AS
PER YOUR INSTRUCTION.
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