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MT700 - Practice

The document is a SWIFT message issued by Asia Commercial Joint Stock Bank informing Siam Commercial Bank of the opening of an irrevocable documentary credit. The credit is for $19,237.50 worth of polyethylene goods from M&M Plastics Co. in Thailand to Thinh Vuong Co. in Vietnam. It lists the terms of the credit including shipping and payment details, documents required, and additional conditions. The exporter has delivered the goods and submitted documents to the advising bank requesting payment.

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225 views

MT700 - Practice

The document is a SWIFT message issued by Asia Commercial Joint Stock Bank informing Siam Commercial Bank of the opening of an irrevocable documentary credit. The credit is for $19,237.50 worth of polyethylene goods from M&M Plastics Co. in Thailand to Thinh Vuong Co. in Vietnam. It lists the terms of the credit including shipping and payment details, documents required, and additional conditions. The exporter has delivered the goods and submitted documents to the advising bank requesting payment.

Uploaded by

ToÁc Con
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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10:21:06 15 OCT 2021 LocalSwiftAcks-3077-00009

------------------------------------------- Message Header -------------------------------------------


Swift Input : FIN 700 ISSUE OF A DOCUMENTARY CREDIT
Sender : ASCBVNVX ASIA COMMERCIAL JOINT STOCK BANK, HOCHIMINH CITY
Receiver : SIAM COMMERCIAL BANK, BANGKOK
-------------------------------------------- Message Text ---------------------------------------------
27: Sequence of Total 1/1
40A: Form of Documentary Credit IRREVOCABLE
20: Documentary Credit Number TF1028501996 / CLN
31C: Date of Issue 211014
40E: APPLICABLE RULES UCP LATEST VERSION
31D: Date and Place of Expiry 211208 IN THAILAND
50: Applicant
THINH VUONG CO., LTD
15 HUYNH TAN PHAT, PHU THUAN WARD, DIST 7, HCMC,VIETNAM
59: Beneficiary – Name & Address
M&M PLASTICS CO., LTD
109 SIAM CEMENT ROAD, BANGSUE, BANGKOK 10800, THAILAND
32B: Currency Code, Amount USD 19,237.50
39A: Percentage Credit Amt Tolerance 05/05
41D: Available With … By …. – Name & Address ANY BANK BY NEGOTIATION
42C: Drafts at … SIGHT FOR 100PCT OF INVOICE VALUE
42A: Drawee – BIC
ASCBVNVX, ACB, HOCHIMINH CITY
43P: Partial Shipments NOT ALLOWED
43T: Transhipment ALLOWED
44E: Port of Loading/ Airport of ANY PORT IN THAILAND
44F: Port of Discharge/ Airport ANY PORT IN HOCHIMINH CITY, VIETNAM
44C: Latest Date of Shipment 211117
45A: Description of Goods &/or Services
+ COMMODITY: POLYETHYLENE – GRADE: H5880S
+ UNIT PRICE: USD 950.00/MT
+ QUANTITY: 20.25 MTS (+/- 5PCT)
+ TOTAL AMOUNT: USD 19,237.50 (+/- 5PCT)
. THE DETAILS AS PER CONTRACT NO.SC.09/0773 DATED 27TH SEP 2021
. TERMS OF SHIPMENT: CIF ANY PORT IN HOCIMINH CITY, VIETNAM
(INCOTERMS 2010)
46A: Documents Required
1. 2/3 SET OF ORIGINAL CLEAN SHIPPED ON BOARD OCEAN BILL OF LADING MADE OUT TO
ORDER OF ASIA COMMERCIAL JOINT STOCK BANK – HOCHIMINH CITY BRANCH MARKED
FREIGHT PREPAID, NOTIFY THE APPLICANT AND SHOW COUNTRY OF LOADING PORT
2. SIGNED COMMERCIAL INVOICE IN 03 ORIGINALS
3. DETAILED PACKING LIST IN 02 ORIGINALS
4. CERTIFICATE OF ORIGIN (FORM A) ISSUED BY THAI AUTHORITY IN 01 ORIGINAL AND 02
COPY. C/O MUST NOT BE HAND-WRITTEN.
5. FULL SET OF ORIGINALS OF INSURANCE CERTIFICATE IN ASSIGNABLE FORM AND
ENDORSED IN BLANK FOR 110 PERCENT OF INVOICE VALUE COVERING ALL RISKS,
SHOWING CLAIM PAYABLE IN VIETNAM, IN INVOICE CURRENCY AND SHOWING TOTAL
ORIGINALS ISSUED.
6. CERTIFICATE OF QUANTITY AND QUALITY IN 03 ORIGINALS ISSUED BY MANUFACTURER
7. BENEFICIARY’S CERTIFICATE CERTIFYING THAT ONE SET OF NON-NEGOTIABLE SHIPPING
DOCUMENTS PLUS 01 ORIGINAL COMMERCIAL INVOICE, 01 ORIGINAL BILL OF LADING, 01
ORIGINAL PACKING LIST HAVE BEEN SENT BY EXPRESS COURIER TO APPLICANT WITHIN
07 DAYS AFTER SHIPMENT DATE. A RELATED EXPRESS COURIER RECEIPT ENCLOSED
47A : Additional Conditions
+ USD 78.00 OR EQUIVALENT SHOULD BE DEDUCTED FROM THE PROCEEDS FOR EACH SET OF
DISCREPANT DOCUMENTS UNDER THIS L/C
+ THE DRAFT(S) AND ALL DOCUMENTS MUST BE ISSUED IN ENGLISH
+ USD 33.5 SHOULD BE DEDUCTED FROM THE PROCEEDS FOR EACH SET OF REVISED DOCUMENTS
+ BESIDE THE REQUIRED DOCUMENTS, 02 EXTRA COPY SETS OF ORIGINAL DOCUMENTS MUST
BE INCLUDED. OTHERWISE, USD 11.00 TO BE DEDUCTED FROM THE PROCEEDS
+ DIRECT PRESENTATION OF DOCUMENTS FROM BENEFICIARY TO THE ISSUING BANK IS NOT
AVAILABLE FOR PAYMENT
71B: Charges
ALL BANKING CHARGES OUTSIDE VIETNAM AND REIMBURSEMENT FEES ARE ON
BENEFICIARY’S ACCOUNT.
48: Period for Presentation
ALL DOCUMENTS MUST BE PRESENTED WITHIN 21 DAYS AFTER SHIPMENT DATE BUT WITHIN
THE VALIDITY OF THE CREDIT
49: Confirmation Instructions WITHOUT
78: Instructions to Paying/ Accepting/ Negotiating Bank
+ THE DRAFT(S) AND DOCUMENTS MUST BE SENT TO ACB HOCHIMINH CITY BRANCH, WITHIN 05
WORKING DAYS FROM THE DATE OF PRESENTATION AND SENT BY DHL IN ONE LOT.
72: Sender to Receiver Information PLS ACKNOWLEGE RECEIPT BY MT730/REC
PLS COLLECT YOUR ADVISING CHARGES FROM BENE BEFORE YOU RELEASE THE ORIGINAL
CREDIT
-------------------------------------------------------- Message Trailer --------------------------------------------------------

Nhà xuất khẩu đã giao hàng hóa và xuất trình bộ chứng từ tại ngân hàng thông báo yêu cầu thanh toán.
Hóa đơn thương mại No EE/631 và Vận đơn đường biển hoàn hảo ký ngày 13/11/2021.

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