THIS IS ONLY A DRAFT
Message Header
Ref No AC091409888SG.01
Type FIN 760
Issuer AIBMMYKL - ACE INVESTMENT BANK LIMITED
Receiver CITICHZZ
Draft 2025-01-16
Date
Message Text
15A : NEW SEQUENCE
NEW S
27 : SEQUENCE OF TOTAL
1/1
22A : PURPOSE OF MESSAGE
ISSU
72Z : SENDER TO RECEIVER INFORMATION
DISCLAIMER OF SWIFT SENDER TO
RECEIVER INSTRUCTION DETAILS
WILL APPEAR HERE.
15B : NEW SEQUENCE
NEW S
20 : SENDER'S REFERENCE
AC091409888SG.01
30 : DATE OF ISSUE
250116
22D : FORM OF UNDERTAKING
STBY
40C : APPLICABLE RULES
OTHR/ISPR
23B : EXPIRY TYPE
FIXD
31E : DATE OF EXPIRY
20250420
50 : APPLICANT
PACIFIC CORP LTD 13TH FLOOR TOWER
4 PFCC, JALAN PUTERI 1/2, BANDAR
PUTERI, PUCHONG, SELANGOR, MALAYSIA
ON BEHALF OF UMA FOODS LLC, 13 AMERICANA PLACE, MONROE TOWNSHIP, USA, NJ 08831
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52D : ISSUING BANK
ACE INVESTMENT BANK LIMITED
LEVEL 15, ACE TOWER, BO2-B,
MENARA 3, NO.
3 JALAN BANGSAR, KL ECO CITY,
59200 KL, MY. (BIC: AIBMMYKL)
59 : BENEFICIARY
STARCON GROUP AG
C/O MOORE STEPHENS REFIDAR SA, AVENUE DE FRANCE 23, 1211 GENEVE – POST CODE 90, SWITZERLAND
56A : ADVISING BANK
CITICHZZXXX
32B : CURRENCY CODE AND AMOUNT
USD $ 900,000.00
71D : CHARGES
ALL CHARGES OTHER THAN ISSUING
CHARGES ARE FOR THE ACCOUNT OF THE
BENEFICIARY
77U : UNDERTAKING TERMS AND CONDITIONS
WE, ACE INVESTMENT BANK LIMITED, NO. 1436, UNIT 14(B) AND 14(C), MAIN OFFICE TOWER, FINANCIAL
PARK LABUAN COMPLEX, JALAN MERDEKA, 87000 LABUAN FEDERAL TERRITORY OF LABUAN, MALAYSIA.
HEREBY ESTABLISH THIS IRREVOCABLE, TRANSFERRABLE, DIVISABLE STANDBY LETTER OF CREDIT ('SBLC')
NO.: XXX20250117 IN FAVOR OF STARCON GROUP AG, C/O MOORE STEPHENS REFIDAR SA, AVENUE DE FRANCE
23, 1211 GENEVE – POST CODE 90, SWITZERLAND AT THE REQUEST OF OUR CLIENT PACIFIC CORP LTD 13TH
FLOOR TOWER 4 PFCC, JALAN PUTERI 1/2, BANDAR PUTERI, PUCHONG, SELANGOR, MALAYSIA (THE
APPLICANT) ON BEHALF OF UMA FOODS LLC, 13 AMERICANA PLACE, MONROE TOWNSHIP, USA, NJ 08831
(THE ACCOUNT PARTY), FOR SUPPLY OF SOYA BEANS TO SECURE AMOUNTS DUE USD $ 900,000.00 (NINE
HUNDRED THOUSAND)AND PAYABLE BY THE ACCOUNT PARTY TO THE BENEFICIARY, AS PER THE TERMS OF THE
UNDERLYING PI NO 1623 DATED 20240115
.
SUCH PAYMENT SHALL BE MADE, WITHOUT SET OFF AND SHALL BE FREE AND CLEAR OF ANY DEDUCTIONS
OR CHARGES, FEES OR WITHHOLDINGS OF ANY NATURE PRESENTLY OR IN THE FUTURE IMPOSED, LEVIED,
COLLECTED, WITHHELD OR ASSESSED THEREIN OR THERE OF (THIS SHOULD NOT BE A STANDARD CLAUSE.
.
WE AGREE TO MAKE PAYMENT UNDER THIS SBLC, IMMEDIATELY UPON WRITTEN COMPLIANT DEMAND
SUPPORTED BY THE FOLLOWING:
BENEFICIARY’S SIGNED STATEMENT CONFIRMING BREACH/NON-COMPLIANCE BY THE ACCOUNT PARTY OF
THE TERMS OF THE UNDERLYING PI NO 1623 DATED 20240115.
COPY OF SWIFT MT799 CONVEYING APPROVAL BEFORE PRESENTATION AND CONFIRMING DEFAULT, SENT BY
THE ISSUER TO THE BENEFICIARY BANK THROUGH THE ADVISING INSTITUTION MAKING THIS GUARANTEE
AVAILABLE FOR DRAWING.
.
PARTIAL CLAIMS CAN BE MADE UNDER THIS SBLC AND THERE CAN BE MULTIPLE PARTIAL CLAIMS,
PROVIDED HOWEVER THAT THE SUM OF ALL PARTIAL CLAIMS UNDER THIS SBLC WILL NOT EXCEED THE
AMOUNT OF SBLC.
.
ANY PAYMENT DEMAND HEREUNDER SHALL BE MADE BY THE BENEFICIARY THROUGH THEIR BANK IN
WRITING AS ABOVE STATING THEREON THE SBLC NUMBER AND THE DEMAND AMOUNT.
THIS SBLC IS VALID UP TO 20250420 AND OUR MAXIMUM LIABILITY UNDER THE SBLC SHALL NOT
EXCEED USD $ 900,000.00
.
THIS STANDBY LETTER OF CREDIT HAS BEEN ISSUED IN ACCORDANCE WITH UCP/ISP RULES UNDER
ICC.
.
PLEASE SEND ALL CLAIMS AND NOTICES TO US THROUGH YOUR BANK AT NO. 1436, UNIT 14(B) AND
14(C), MAIN OFFICE TOWER, FINANCIAL PARK LABUAN COMPLEX, JALAN MERDEKA, 87000 LABUAN
FEDERAL TERRITORY OF LABUAN, MALAYSIA.
.
THIS IS TO CONFIRM THAT THIS UNDERLYING TRANSACTION IS NOT DIRECTLY OR INDIRECTLY RELATED
TO IRAN, SYRIA, CUBA, NORTH KOREA, RUSSIA, CRIMEA OR ANY OFAC SANCTIONED ENTITY OR
INDIVIDUAL.
.
ALL CHARGES AND EXPENSES OTHER THAN NEGOTIATION AND RELATED CHARGES OF THE BENEFICIARY
BANK IN CONNECTION WITH THIS INSTRUMENT OUTSIDE THE ISSUER ARE TO THE ACCOUNT OF THE
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APPLICANT.
.
THIS CREDIT HAS BEEN FACILITATED VIA CREDIT LINES OF PACIFIC CORP LTD
13TH FLOOR TOWER 4 PFCC, JALAN PUTERI 1/2, BANDAR PUTERI,
PUCHONG, SELANGOR, MALAYSIA WITH ACE INVESTMENT BANK
LIMITED., LABUAN, MALAYSIA AND PCL IS TO BE INCLUDED AS A
NOTIFY PARTY IN THIS TRANSACTION.
TYPE OF INSTRUMENT: IRREVOCABLE, TRANSFERRABLE, DIVISABLE
.
ISSUER: ACE INVESTMENT BANK LIMITED
LEVEL 15, ACE TOWER, BO2-B, MENARA 3, NO. 3 JALAN BANGSAR, KL
ECO CITY, 59200 KL, MY. AIBMMYKL
.
APPLICANT: PACIFIC CORP LTD
13TH FLOOR TOWER 4 PFCC, JALAN PUTERI 1/2, BANDAR PUTERI,
PUCHONG, SELANGOR, MALAYSIA
.
ON BEHALF OF : UMA FOODS LLC, 13
AMERICANA PLACE, MONROE
TOWNSHIP, USA, NJ 08831
.
BENEFICIARY : STARCON GROUP AG
C/O MOORE STEPHENS REFIDAR SA, AVENUE DE FRANCE 23, 1211 GENEVE – POST CODE 90, SWITZERLAND
.
BANK OF BENEFICIARY: CITIBANK
N.A. SWIFT CODE: CITICHZZXXX
BANK ADDRESS: ZURICH SWITZERLAND
BENEFICIARY ACCOUNT NAME: STARCON GROUP
AG
BENEFICIARY ACCOUNT NO :
CH9708700000300487003
.
AMOUNT:USD 900000,00 (NINE HUNDRED THOUSAND US DOLLARS ONLY)
.
EXPIRY DATE AND PLACE: 90 DAYS AFTER ISSUANCE DATE / AT
OUR COUNTERS, IN LEVEL 15, ACE TOWER, BO2-B, MENARA 3,
NO. 3 JALAN BANGSAR, KL ECO CITY, 59200 KL, MY.
.
49 : CONFIRMATION INSTRUCTIONS
WITHOUT
44H: GOVERNING LAW AND/OR PLACE OF JURISDICTION
COUNTRY CODE: MY
45L: UNDERLYING TRANSACTION DETAILS
AS PER PI 1623 DATED 240115
REGARDS
ACE INVESTMENT BANK
XXX
THIS IS ONLY A DRAFT
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