099002制全套议付单据.docVIP

ISSUE OF DOCUMENTARY CREDITTO: BANK OF CHINA,SHANGHAI BRANCH,CHINAATTN: L/C DEPTFROM: COMMERCIAL BANK OF ETHIOPIA,ADDIS ABABADATE:15-01-2009WE HEREBY OPEN OUR IRREVOCABLE DOCUMENTARY LETTER OF CREDIT NO.LC/78563 FAVOURING M/S SHANGHAI CHEMICALS IMPORT AND EXPORT CORPORATION, 16 JIANG YAN LU SHANGHAI CHINA BY ORDER OF MAGIC INTERNATIONAL PLC, DEBRE ZEIT ROAD, ADDIS ABABA ETHIOPIA TO THE EXTENT OF USD 31067.10 CFR ASSAB AVAILABLE BY NEGOTIATION WITH ANY BANK AGAINST THE DOCUMENTS DETAILED HEREIN AND BENEFICIARY’S DRAFTS AT 60 DAYS AFTER B/L DATE DRAWN ON OURSELVES FOR 100% OF THE INVOICE VALUE.1.SIGNED COMMERCIAL INVOICES IN FIVE COPIES SHECIFYING FOB VALUE AND FREIGHT CHARGES AND ALL COPIES CERTIFIED BY THE CHINA COUNCIL FOR THE PROMOTION FO INTERNATIONAL TRADE INDICATING EXCHANGE CONTROL LICENCE NO.749/000066 JANJUARY 02,20092.PACKING LIST IN FIVE COPIES INDICATING GROSS AND NET WEIGHT OF EACH ROLL3.FULL SET OF CLEAN ON BOARD OCEAN BILLS OF LADING AND ONE NON-NEGOTIABLE COPY MADE OUT TO ORDER OF COMMERCIAL BANK OF ETHIOPIA AND NOTIFYING MAGIC INTERNATIONAL PLC MARKED FREIGHT PREPAID 4.CERTIFICATE OF ORIGIN ISSUED BY THE CHINA COUNCIL FOR THE PROMOTION OF INTERNATIONAL TRADE IN TWO COPIESCOVERING SHIPMENT OF 120 ROLLS 100MMx4Px350 AND 30 ROLLS 125MMx4Px350 TRANSMISSION BELT AS PER CONTRACT NO. 08PI/421/122 DATED DEC 26 2008TERMS CFR ASSABINSURANCE COVERED LOCALLY BY BUYERTHE EXPIRY PLACE OF THE CREDIT IS CHINAPARTIAL SHIPMENTS ARE NOT PERMITTEDTRANSHIPMENT ARE PERMITTEDSHIPMENT FROM SHANGHAI TO ASSAB NOT LATER THAN 21ST MARCH 2009THIS CREDIT IS VALID FOR NEGOTIATION NOT LATER THAN 5TH APRIL,2009ALL BANKING CHARGES OUTSIDE ETHIOPOA ARE FOR ACCOUNT OF THE BENEFICIARYPROCIDED THAT ALL TERMS AND CONDITIONS OF THE LETTER OF CREDIT HAVE BEEN COMPLIED WITH, WE UNDERTAKE TO HONOUR YOUR CLAIMS IN ACCORDANCE WITH YOUR INSTRUCTIONS VALUE THREE BUSINESS DAYS FROM THE DATE OF RECEIPT OF THE SHIPPING DOCUMENTS AT OUR COUNTERSPLEASE FORWARD THE ORIGINAL AND DUPLICATE SETS OF SHIPPI