This document is a SWIFT message notifying Commerzbank AG of an irrevocable documentary credit that has been issued by MCB Bank Limited for Diamond Fabrics Limited. The credit is for $26,162.20 and is to cover the shipment of 2 sets of daytex shrinkage belt equipment from the US to Pakistan. It specifies the required shipping documents and other terms and conditions of the letter of credit transaction.
This document is a SWIFT message notifying Commerzbank AG of an irrevocable documentary credit that has been issued by MCB Bank Limited for Diamond Fabrics Limited. The credit is for $26,162.20 and is to cover the shipment of 2 sets of daytex shrinkage belt equipment from the US to Pakistan. It specifies the required shipping documents and other terms and conditions of the letter of credit transaction.
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Notification (Transmission) of Original sent to SWIFT (ACK) Network Delivery Status : Network Ack Priority/Delivery : Normal Message Input Reference : 1433 230112MUCBPKKAATSL5120707957 --------------------------- Message Header ------------------------- Swift Input : FIN 700 Issue of a Documentary Credit Sender : MUCBPKKATSL MCB BANK LIMITED (TRADE SERVICES CENTRE, LAHORE) LAHORE PK Receiver : COBADEFF400 COMMERZBANK AG MUENSTER (WESTF) DE --------------------------- Message Text --------------------------- 27: Sequence of Total 1/1 40A: Form of Documentary Credit IRREVOCABLE 20: Documentary Credit Number 1398LCS221496 31C: Date of Issue 230111 40E: Applicable Rules UCP LATEST VERSION 31D: Date and Place of Expiry 230315 GERMANY 51D: Applicant Bank - Name & Address MCB BANK LIMITED. CORPORATE MAIN BOULEVARD GULBERG BRANCH, LAHORE-PAKISTAN. 50: Applicant DIAMOND FABRICS LIMITED 7-A/K MAIN BOULEVARD GULBERG-II LAHORE PAKISTAN. 59: Beneficiary - Name & Address RIETER COMPONENTS GERMANY GMBH ZWEIGNIEDERLASSUNG MUENSTER GUSTAV-STRESEMANN-WEG 48155 MUENSTER, GERMANY 32B: Currency Code, Amount Currency : USD (US DOLLAR) Amount : #26,162.2# 39A: Percentage Credit Amt Tolerance 0/0 41D: Available With...By... - Name&Addr ANY BANK BY NEGOTIATION 42C: Drafts at... AT SIGHT 42D: Drawee - Name & Address MCB BANK LIMITED. CORPORATE MAIN BOULEVARD LAHORE, PAKISTAN. 43P: Partial Shipments ALLOWED 43T: Transhipment ALLOWED 44E: Port of Loading/Airport of Dep. ANY SEAPORT IN USA 44F: Port of Discharge/Airport of Dest KARACHI SEAPORT PAKISTAN/PORT QASIM PAKISTAN 44C: Latest Date of Shipment 230215 45A: Description of Goods and/or Services 2 SETS OF DAYTEX 768 SHRINKAGE BELT INCLUDING FOC MOUNTING ACCESSORIES AT THE RATE OF USD 10856.10 PER SET PLUS FREIGHT CHARGES USD 4450.00 . ALL OTHER DETAILS AND SPECIFICATIONS ARE AS PER BENEFICIARY PROFORMA INVOICE NO P103247 DATED 12-SEP-2022 . CFR KARACHI SEAPORT PAKISTAN(INCOTERMS 2020) 46A: Documents Required +1) COMMERCIAL INVOICES IN TRIPLICATE CERTIFYING MERCHANDISE ARE OF USA ORIGIN AND INDICATING H.S. CODE NO.4016.9990 AND ARE IN ACCORDANCE AS PER ABOVE MENTIONED BENEFICIARY'S PROFORMA INVOICE 12/01/23-19:41:34 ACKTSL-2732-000002 3 ________________________________________________________________________________________________
+2) FULL SET OF CLEAN 'SHIPPED ON BOARD' MARINE BILL(S) OF LADING
MADE OUT OR ENDORSED TO THE ORDER OF MCB BANK LIMITED, CORPORATE MAIN BOULEVARD GULBERG BRANCH, LAHORE, PAKISTAN SHOWING FREIGHT PREPAID AND MARKED NOTIFY APPLICANT AND LC ISSUING BANK. +3) PACKING LIST IN TRIPLICATE. +4) ALL SHIPMENT DETAIL TO BE SENT WITHIN FIVE WORKING DAYS FROM SHIPMENT DATE TO APPLICANT THROUGH E-MAIL ''YOUSAF.FAROOQ(AT)SAPPHIREFIBRES.COM'' AND TO M/S ADAMJEE INSURANCE COMPANY LIMITED, 5TH FLOOR, MACKVOLK BUILDING, I.I. CHUNDRIGAR ROAD, KARACHI PAKISTAN THROUGH E-MAIL AT ''MARINE.HO(AT)ADAMJEEINSURANCE.COM'' REFERRING TO THEIR POLICY NO.PL-0622-201001-M05-003126 DATED 28-JUN-2022 AND SHOWING PORT OF LOADING, PORT DISCHARGE, VESSEL NAME, B/L NO., DATE OF SHIPMENT, INVOICE VALUE AND COMMODITY. SUCH ADVICES MUST BE PRESENTED WITH THE DOCUMENTS. +6)CERTIFICATE FROM SHIPPING COMPANY OR IT'S AGENT IS REQUIRED TO THE EFFECT THAT THE TRANSPORTATION HAS BEEN EFFECTED BY COMPANIES OPERATING IN ACCORDANCE WITH PAKISTANI LAWS AND REGULATIONS REGARDING VESSEL'S FLAG, SEAPORT, SHIPMENT AND TRANSSHIPMENT AND VESSEL IS COMPLYING INSTITUTE CLASSIFICATION CLAUSE 47A: Additional Conditions +1) ALL DOCUMENTS MUST INDICATE LC NUMBER AND DATE OF ISSUANCE OF THE CREDIT. +2) A DISCREPANT DOCUMENTS HANDLING FEE OF USD 87.00 OR EQUIVALENT WILL BE CHARGED BY US FOR EACH SET OF DISCREPANT DOCUMENTS PRESENTED TO US FOR PAYMENT / REIMBURSEMENT. THIS FEE WILL BE BORNE BY BENEFICIARY EVEN WHERE CREDIT INDICATING SOME OR ALL CHARGES ARE ON APPLICANT'S ACCOUNT. +3) DOCUMENTS UNDER THIS CREDIT MUST BE IN THE LANGUAGE OF CREDIT. +4) WE DISCLAIM LIABILITY FOR DELAY, NON-RETURN OF DOCUMENTS, NON-PAYMENT, OR OTHER ACTION OR INACTION COMPELLED BY RESTRICTIVE MEASURES, COUNTER MEASURES OR SANCTION LAWS OR REGULATIONS APPLICABLE TO US OR TO OUR CORRESPONDENT BANKS IN THE RELEVANT TRANSACTION SUBJECT TO ICC RULES. +5) PRESENTATION OF STALE / CLAUSED/SHORT FORM/ON DECK/BLANK BACK/CHARTER PARTY/ TANKER/BILL OF LADING IS UNACCEPTABLE UNDER THIS LC. +6) THIRD PARTY DOCUMENTS ARE ACCEPTABLE EXCEPT INVOICE AND DRAFT. +7)DOCUMENT MUST BE PRESENTED WITHIN 21 DAYS FROM SHIPMENT DATE. 71D: Charges ALL BANK CHARGES OUTSIDE PAKISTAN ARE ON ACCOUNT OF BENEFICIARY. 48: Period for Presentation in Days 21/DAYS 49: Confirmation Instructions WITHOUT 78: Instr to Payg/Accptg/Negotg Bank +1) UPON RECEIPT OF CREDIT CONFORM DOCUMENTS AT OUR COUNTER WE WILL REMIT THE PROCEEDS AS PER INSTRUCTIONS ON PRESENTING BANK'S COVERING SCHEDULE. +2) ORIGINAL SET OF SHIPPING DOCUMENTS MUST BE SENT TO US THROUGH BANK AT THE FOLLOWING ADDRESS THROUGH COURIER IN ONE LOT: MCB BANK LIMITED, TRADE SERVICE CENTRE LAHORE. 11TH FLOOR, T-27 PACE TOWER, COLLEGE ROAD, GULBURG II, LAHORE (54000), PAKISTAN +3) PRESENTING BANK MUST CERTIFY ON THEIR COVERING SCHEDULE THAT ALL LC / AMENDMENT ADVISING CHARGES HAVE BEEN RECOVERED FROM BENEFICIARY. --------------------------- Message Trailer ------------------------ {CHK:82A6DD25CC59} PKI Signature: MAC-Equivalent *End of Message