已做信用证审核修改练习题

一、根据下列合同条款及审核要求审核英国伦敦米兰银行来证SALES

CONTRACTContractNo.:

055756Date:

21st.July2005Seller:

ShanghaiCerealsandOilImp.&Exp.CorporationBuyer:

ABCCompanyLimited36-36CommoditiesandSpecification:ChineseWhiteRiceLong-shapedBrokenGrains(Max):

5%Admixture(Max):

0.25%Moisture(Max):

15%Quantity:

30

000metrictonswith10%moreorlessattheseller’soptionPacking:

Packedingunnybagsof50kgeachUnitPrice:

USD400perM/TFOBstowedShanghaigrossfornetAmount:

USD12

000

000(SAYTWELVEMILLIONONLY)Shipment:

duringOct./Nov.2005fromShanghaitoLondonwithpartialshipmentand

transshipmentisallowedInsurance:

TobecoveredbythebuyerPayment:

ByIrrevocableL/CpayableatsightfornegotiationinChinawithin15daysafter

theshipment

MidlandBankLtd.,London

Aug.18th,2005AdvisingBank:

Applicant:ABCCompanyLtd.BankofChinaShanghaiBranchBeneficiary:

Amount:NotexceedingUSD12

000

000ShanghaicerealsandoilImp.&Exp.Corp.Shanghai

DearSirs,AttherequestofABCCo.Ltd.,London,weherebyissueinyourfavorthisrevocabledocumentarycreditNo.219307whichisavailablebynegotiationofyourdraftat30daysaftersightforfullinvoicevaluedrawnonusbearingtheclause:“DrawnunderdocumentarycreditNo.219307ofMidlandBankLtd.,”accompaniedbythefollowingdocuments:1.Signedcommercialinvoicein3copies.2.Fullsetof2/3cleanonboardbillsofladingmadeouttoorderandblankendorsedmarked“FreightPrepaid”andnotifyapplicant.3.CertificateoforiginissuedbyAQSIQ.4.Insurancepolicyforfullinvoicevalueplus10%coveringallrisksandwarrisksasperICCdatedJan.1st,1981.5.Inspectioncertificateissuedbyapplicant.6.Beneficiary’scertificatefaxtoapplicantwithin24hoursaftershipmentstatingcontractnumber,creditnumber,vesselnameandshippingdate.Covering30

000metrictonsChineseWhiteRiceLong-shapedBrokenGrains:

5%Admixture:

0.25%Moisture:

15%AtUSD400.00perM/TFOBShanghai,packedinplasticbags.ShipmentfromChineseporttoLondonduringOct./Nov.2005Transshipmentisprohibited,partialshipmentprohibited.ThiscreditisvalidfornegotiationbeforeDec.15th,2005inLondon.SpecialConditions:Documentsmustbepresentedfornegotiationwithin5daysafterthedateofissuanceofthebillsoflading,butinanyeventwithinthiscreditvalidity.Weherebyundertaketohonoralldraftsdrawninaccordancewiththetermsofthiscredit.TheadvisingbankiskindlyrequestedtonotifythebeneficiarywithoutaddingtheirconfirmationforMidlandBankLtd.,London.ItissubjecttotheUniformCustomsandPracticeforDocumentaryCredit(1993Revision),InternationalChamberofCommercePublicationNO.500.信用证主要有以下不符点:1信用证金额未考虑溢短装条款，如果溢装，则会出现单证不一致，故金额应该为”。2信用证性质不符合合同的要求，将Revocable改成Irrevocable。3汇票的付款期限有误，应将at30daysaftersight改为15。4运输条款有误，因合同规定采用FOB贸易术语，因此，运费条款“FreightPrepaid”应改为“FreightCollect”。5删除保险条款。由于合同规定采用FOB贸易术语，故不应该有出口方提供保险单。6检查条款应当删去，“InspectionCertificateissuedbyapplicant”因为是信用证软条款。或者改为“InspectionCertificateissuedbybeneficiary”7信用证没有溢短装