---------------------------- Interventions -------------------------
Category : Network Report
Creation Time : 26/12/24 18:35:24
Application : SWIFT Interface
Operator : SYSTEM
Text
{1:F21CRDEUA2NAXXX8940754734}{4:{177:2412261835}{451:0}{108:CD00000002296291}}
--------------------- Instance Type and Transmission --------------
Notification (Transmission) of Original sent to SWIFT (ACK)
Network Delivery Status : Network Ack
Priority/Delivery : Normal
Message Input Reference : 1835 241226CRDEUA2NAXXX8940754735
--------------------------- Message Header -------------------------
Swift Input : FIN 760 Issue of a Demand Guarantee/Standby
Letter of Credit
Sender : CRDEUA2NXXX
JSC 'BANK CREDIT DNIPRO' (HEAD OFFICE)
KYIV UA
Receiver : INGBNL2AXXX
ING BANK N.V.
AMSTERDAM NL
MUR : CD00000002296283
--------------------------- Message Text ---------------------------
15A: New Sequence A
27: Sequence of Total
1/1
22A: Purpose of Message
ADVI
72Z: Sender to Receiver Information
WE AIBMMYKLXXX RELAY MT760 TO
CRDEUA2NXXX FOR FINAL ADVISE TO
INGBNL2AXXX. PLS ADVISE TO THE
BENEFICIARY WITHOUT ANY RISK AND
RESPONSIBILITIES OF THE
INTERMEDIARY BANK/S.
15B: New Sequence B
20: Undertaking Number
ACEEL24.261AGS
30: Date of Issue
241226
22D: Form of Undertaking
STBY
40C: Applicable Rules
UCPR
23B: Expiry Type
FIXD
31E: Date of Expiry
260126
50: Applicant
MERCHANT TRADE GUARANTEE
CORPORATION CO LTD., (MTGC)
(FULL DETAILS IN F77U)
52D: Issuer - Name & Address
ACE INVESTMENT BANK LIMITED
MALAYSIA
SWIFT: AIBMMYKLXXX
59: Beneficiary - Name & Address
/NL19INGB0009379481
AMSTERDAM GLOBAL SHIPPING GROUP BV
POORTLAND 66 - 1046BD AMSTERDAM -
THE NETHERLANDS.
56D: Advising Bank - Name & Address
BANK NAME: ING BANK N.V.
ADDRESS: FOPPINGADREEF 7 - 1102BD
AMSTERDAM - THE NETHERLANDS
SWIFT CODE: INGBNL2AXXX
23: Advising Bank Reference
700E/ADV/3858
32B: Undertaking Amount
Currency : USD (US DOLLAR)
Amount : #14.100.000,#
71D: Charges
ALL ADVISING CHARGES INCURRED BY
ANY ADVISING BANK UNDER THIS
INSTRUMENT WILL BE COVERED BY THE
APPLICANT AND UNDERTAKE FULL
PAYMENT OF RELAY CHARGES FOR
INSTRUMENT TO BE ADVISED.
77U: Undertaking Terms and Conditions
APPLICANT:
MERCHANT TRADE GUARANTEE CORPORATION CO LTD., (MTGC)
LEVEL 23, MENARA EXCHANGE 106, LINGKARAN TRX,
TUN RAZAK EXCHANGE, 55188 KUALA LUMPUR, MALAYSIA.
.
ON ACCOUNT OF:
AGM KOREA CO., LTD.
28-1, AEGIBONG-RO 573BEON-GIL,
TONGJIN-EUP, GIMPO-SI, GYEONGGI-DO.
(HEREINAFTER REFERRED AS ACCOUNT PARTY)
.
BENEFICIARY:
IBAN ACCOUNT NUMBER: NL19INGB0009379481
AMSTERDAM GLOBAL SHIPPING GROUP BV
POORTLAND 66 - 1046BD AMSTERDAM - THE NETHERLANDS.
.
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 AND TRANSFERABLE STANDBY LETTER OF
CREDIT ('SBLC') NO.: ACEEL24.261AGS IN FAVOR OF AMSTERDAM GLOBAL
SHIPPING GROUP BV AT THE REQUEST OF OUR CLIENT MERCHANT TRADE
GUARANTEE COPORATION CO LTD, MALAYSIA (THE APPLICANT) ON BEHALF
OF AGM KOREA CO., LTD (THE ACCOUNT PARTY), FOR THE AMOUNT OF USD
14,100,000.00 (U.S. DOLLARS FOURTEEN MILLION ONE HUNDRED
THOUSAND ONLY) TO SECURE AMOUNTS DUE AND PAYABLE BY THE ACCOUNT
PARTY TO THE BENEFICIARY, AS PER THE TERMS OF THE UNDERLYING
CONTRACT NO SZKRK/AK-EURO6/50MT/CIF/SPA-KZ DATED 20240816.
.
WE HEREBY IRREVOCABLY UNDERTAKE AND AGREE TO PAY YOU ON RECEIPT
OF YOUR DEMAND ACCEPTED BY US ACCOMPANIED BY OUR ACCEPTANCE
AUTHENTICATED SWIFT MESSAGE THROUGH THE BENEFICIARY BANK ON
ISSUERS' ACCEPTABLE INSTRUCTIONS AND APPLICANTS' FULFILLMENT OF
OBLIGATION TOWARDS THE ISSUING BANK, WITHOUT ANY FURTHER PROOF
OR CONDITION. 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.
.
WE AGREE TO MAKE PAYMENT UNDER THIS SBLC, UPON RECEIPT OF YOUR
WRITTEN DEMAND AT OUR COUNTERS SUPPORTED BY THE FOLLOWING AND
COMPLYING WITH THE TERMS AND CONDITIONS OF THIS SBLC:
1) BENEFICIARY'S SIGNED STATEMENT CONFIRMING BREACH/NON-
COMPLIANCE BY THE ACCOUNT PARTY OF THE TERMS OF THE UNDERLYING
CONTRACT NO SZKRK/AK-EURO6/50MT/CIF/SPA-KZ DATED 20240816.
2) 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 ON APPLICANT'S ACCEPTABLE INSTRUCTIONS AND
THEIR FULFILLMENT OF OBLIGATION TOWARDS THE ISSUING BANK.
.
PARTIAL DEMANDS ARE ALLOWED.
.
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 260126 (395 DAYS AFTER ISSUANCE DATE)
AT OUR COUNTERS, NOT EARLIER THAN FIFTEEN (15) DAYS BEFORE
EXPIRY DATE AND OUR MAXIMUM LIABILITY UNDER THE SBLC SHALL NOT
EXCEED USD 14,100,000.00.
.
THIS STANDBY LETTER OF CREDIT HAS BEEN ISSUED IN ACCORDANCE WITH
UCPR RULES UNDER ICC.
.
PLEASE SEND ALL DEMANDS AND NOTICES TO US THROGH 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 STANDBY LETTER OF CREDIT IS IRREVOCABLE AND TRANSFERABLE
ONLY WITH OUR PRIOR NOTICE AND WITH OUR PRIOR WRITTEN CONSENT OF
THE ISSUER ACE INVESTMENT BANK LIMITED AND SUBJECT TO ALL
PAYMENT OF TRANSFER FEES BEING PAID.
.
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
APPLICANT.
.
THIS CREDIT HAS BEEN FACILITATED VIA CREDIT LINES OF MERCHANT
TRADE GUARANTEE CORPORATION CO LTD., (MTGC) ADDRESS: LEVEL 23,
MENARA EXCHANGE 106, LINGKARAN TRX, TUN RAZAK EXCHANGE, 55188
KUALA LUMPUR, MALAYSIA WITH ACE INVESTMENT BANK LIMITED.,
LABUAN, MALAYSIA AND MTGC IS TO BE INCLUDED AS A NOTIFY PARTY IN
THIS TRANSACTION.
.
FOR AND ON BEHALF OF
ACE INVESTMENT BANK LIMITED
49: Confirmation Instructions
WITHOUT
44J: Governing Law/Jurisdiction
MY
45L: Underlying Transaction Details
GASOIL (EURO 6) AS PER CONTRACT NO: SZKRK/AK-EURO6/50MT/CIF/SPA-
KZ DATED 20240816
ORIGIN: KAZAKHSTAN
PORT OF LOADING: ATYRAU PORT
PORT OF DISCHARGE: ONSAN (ULSAN) PORT OF SOUTH KOREA
TERMS OF DELIVER: CIF, ONSAN (ULSAN) PORT OF SOUTH KOREA
(INCOTERMS 2020)
..
INSTRUCTIONS OF CRDEUA2N:
QUOTE
DEAR SIRS / MADAMS,
WE HEREWITH TRANSMIT TO YOU WITHOUT ANY OBLIGATION ON
OUR PART CONTENT OF THE MESSAGE WE RECEIVED FROM
ACE INVESTMENT BANK LIMITED KUALA LUMPUR MY,
SWIFT:AIBMMYKL.
WE DO NOT BEAR ANY RESPONSIBILITY FOR THE CONTENT OF THIS
MESSAGE, AND NO OBLIGATIONS MAY BE IMPOSED ON US RESULTING
FROM ANY INFORMATION STATED THEREIN. WE KINDLY ASK YOU TO
RELAY IT TO ALL PARTIES CONCERNED WITHOUT ANY YOUR AND OUR
RISKS AND RESPONSIBILITY.
CRDEUA2N SENDS THIS MESSAGE WITHOUT ANY RISK AND
RESPONSIBILITY. NO FEES CAN BE CLAIMED FROM US.
..
WITH BEST REGARDS,
INTERNATIONAL BUSINESS
UNQUOTE
--------------------------- Message Trailer ------------------------
{CHK:47B9BDB635B6}
PKI Signature: MAC-Equivalent
