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实操训练五

C. Check the L/C and make amendments in English according to the clauses set forth in the following contract:

Sales Contract
No. 91JA1002


  Seller: China National Textiles Imp. & Exp. Corp., Guangzhou Branch
  Buyer: Endo Trading Co. Ltd, Oaska branch
  This contract is made by and between the Buyers and the Sellers, whereby the buyers agree to buy and the Sellers agree to sell the under-mentioned commodity according to the terms and conditions stipulated below:
  Commodity: Men’s Cotton Y/D Long Sleeve Shirts Garments Washed
  Specifications: Colors: Beige, Black, Navy Blue, light Blue and Red equally assorted
  Size: S/4, L/4 per dozen
  Quantity: 5,000 dozen
  Unit Price: US$ 3.50 per pc CIFC3% Kobe/Osaka
  Total Value: US$ 220,500 (Say US Dollars Two Hundred and Twenty Thousand Five Hundred Only)
  Packing: In cartons of 50 dozen each
  Shipping Marks: At seller’s option
  Insurance: To be effected by the Sellers for 110% of the invoice value against All Risks, S.R.C.C. and War Risk as per the China Insurance Clauses of January 1, 1981.
  Time of shipment: Not later than 25th April, 2002, with transhipment and partial shipments allowed.
  Port of shipment: China Port
  Port of Destination: Kobe/Osaka, Japan
  Terms of payment: By irrevocable documentary sight L/C to be opened in favor of the Sellers 30 days ahead of the time of shipment.
  Done and signed in Guangzhou on this 3rd of March 2002.

Endo Trading Co., Ltd.          China National Textiles
Osaka Branch               Imp. & Exp. Corp.
(The Buyers)               (The Sellers)
……                    ……

 

XYZ Bank

Date: 20th February, 2002

To: Bank of China, Shanghai
  We hereby open our Irrevocable Documentary L/C No. A50-6781-338 in favor of China National Textiles Imp. & Exp. Corp, Guangzhou Branch, for account of Endo Trading Co., Ltd. Osaka Branch up to an aggregate amount of US$ 220,5000 (Say Canadian dollars two hundred and twenty thousand five hundred only), Kobe/Asaka for 100% of the full invoice value covering the shipment of 500 dozen of Men’s Cotton Y/A Short Sleeve Shirts, Fabric Washed, as per Sales Contract No. 90Ja1002 dated March 3, 2002, from China
 Port: to Kobe/Tokyo
 Drafts to be drawn at 45 days after on ourselves accompanied by the following documents marked “X” below:
 (X) Signed Commercial Invoice in triplicate
 (X)Full set of Clean On Board Bills of Lading made to order, blank endorsed, marked “Freight Prepaid” and notify the accountee.
 (X) One Original Marine Insurance Policy of Certificate for 10% of the invoice value covering
 All Risks, War Risk and TPND with claims, if any, payable in Japan in the current of drafts
 5% more or less in quantity and invoice value are allowed.
 Partial shipments are permitted.
 Transhipment is prohibited.
 Shipment must be made not later than 30 April, 2002.
 Drafts drawn under this credit must be presented for negotiation in China on or before 16 May, 2002.

 

 


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