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实操训练三

A. Examine the following L/C with the following contract to see whether the stipulations in the L/C are exactly the same as those in the contract. If not, please make your amendments.

The First National City Bank
New York, USA

No. 9524/86
Date: 5 June 2002

Documentary Letter of Credit
Confirmed, Irrevocable

To: Shaanxi Ceroilfood
  Imp. & Exp. Corp.
  Xi’an, P.R.China
Advising Bank: China Bank, Xi’an Branch, Xi’an, China

Dear Sirs,
  You are authorized to draw on Messrs. Macdnoald & Evans Co., for a sum not exceeding US$60,700(SAY US DOLLARS SIXTY THOUGH SEVEN HUNDRED ONLY) available by draft drawn in duplicate on them at 30 days after sight, accompanied by the following document:
  1. Full set of Clean on Board Bills of Lading made out to order and blank endorsed, marked “FREIGT PREPAID”.
  2. Signed Commercial Invoice in triplicate, including S/C No 95/3456 dated May 3, 2002.
  3. Weight Memo/Packing list in duplicate, indicating gross and net weight of each package.
  4. One original insurance Policy/Certificate
  Packing: Packed in seaworthy wooden cases.
  Shipment from Shanghai to Boston. Partial Shipment and Transhipment are allowed, through B/L required. Shipment to be made on or before 10 July, 2002

  This credit is valid in China on or before 10 July, 2002, for negotiation and all drafts drawn hereunder must be marked ‘DRAWN UNDER THE FIRST NATIONAL CITY BANK, Credit No, 9524/86.”

 

Sales Contract

No. 95/2456
Date: May 3, 2002

Sellers: ShaanXi Ceroilfood Imp. & Exp. Co.
Buyers: Messrs. Macdonald & Evans Co.
Commodity: Canned Fruit
Specification: A Grade, Art. No.123
Quantity: 2,000 cartons 24 can each
Unit Price: US$28 per carton CIF New York.
Total Value: US$ 60,800 (Say US Dollars Sixty Thousand Eight Hundred Only)
Packing: in seaworthy reinforced cardboard box.
Insurance: to be effected by the sellers for 110% of the invoice value against All Risks as per China Insurance Clauses of Jan. 1, 2000
Shipment: to be effected in July, 2002 from Shanghai to New York, part shipment is allowed and transhipment is prohibited.
Shipping Marks: at the buyer’s option.
Terms of Payment: by confirmed and irrevocable sight L/C.

  This contract is signed in Xi’an on this third day of May, 2002.

  The sellers                The buyers

 


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