F27: Sequence of Total

Number: 1/

Total: 1

F40A: Form of Documentary Credit IRREVOCABLE TRANSFERABLE

F20: Documentary Credit Number

XXXXX

F31C: Date of Issue

XXXX

F40E: Applicable Rules

Applicable Rules: UCP LATEST VERSION F31D: Date and Place of Expiry

Date: XXXX

Place: DELIVERY COUNTRY NAME

F50: Applicant

XXXXX

F59: Beneficiary

Name and Address:

XXXXX

F32B: Currency Code, Amount

Currency: USD US DOLLAR

Amount: XXXX

F39A: Percentage Credit Amount Tolerance Tolerance 1: 10/

Tolerance 2: 10

F41D: Available With … By … – Name and Address – Code Name and Address: ANY BANK IN LC BENEFICIARY COUNTRY NAME Code: BY NEGOTIATION

F42C: Drafts at …

PLS SEE DETAILS IN FIELD 47A CALUSE 16

F42A: Drawee – Party Identifier – Identifier Code Identifier Code:

SWIFT CODE OF LC ISSUING BANK

NAME OF LC ISSUING BANK

F43P: Partial Shipments

ALLOWED

F43T: Transhipment

NOT ALLOWED

F44E: Port of Loading/Airport of Departure MALAYSIA OR SINGAPORE OR SOUTH KOREA

F44F: Port of Discharge/Airport of Destination: DISCHARGE PORT NAME , COUNTRY NAME

F44C: Latest Date of Shipment : XXXX

F45A: Description of Goods and/or Services

GASOIL ULSD10PPM): 30,000 MT.

TON. +/- 10 PCT.AS PER APPLICANT REF. NO. XXXXXX, DATED XXXX

TOTAL VALUE: USD XXXX (US DOLLAR XXX ONLY).

.

PRICE AND QUANTITY WILL BE AS PER CLAUSE NO 46A (1).

.

TRADE TERM: CFR ( DESTINATION PORT NAME), DESTINATION COUNTRY NAME (Incoterms 2020)

F46A: Documents Required

AVAILABLE BY BENEFICIARY’S DRAFT DRAWN ON ISSUING BANK PAYABLE

30 (THIRTY) DAYS FROM B/L(BILL OF LADING DATE TO COUNT AS DAY ZERO) DATE AGAINST PRESENTATION OF THE FOLLOWING DOCUMENTS:

.

(1) SIGNED COMMERCIAL INVOICE IN 1 ORIGINAL AND 03 (THREE) COPIES.PRICE AND QUANTITY OF GOODS WILL BE DETERMINED AS FOLLOWS:

I. THE INVOICE QUANTITY OF THE PRODUCTS TO BE DELIVERED

SHALL BE DETERMINED BY THE INDEPENDENT INSPECTOR BY MEASUREMENT OF VESSELS TANK IMMEDIATELY UPON HER ARRIVAL AT OUTER ANCHORAGE (HEREINAFTER REFERRED AS “SHIP ARRIVAL FIGURE”) .IN THE EVENT OF SHIP ARRIVAL FIGURE IS MORE THAN BILL OF LADING FIGURE, THE PAYMENT WILL BE BASED ON BILL OF LADING QUANTITY,

IF THE SHIP ARRIVAL FIGURE IS LESS THAN BILL OF LADING FIGURE, THE SHIP ARRIVAL FIGURE AS DETERMINED BY INDEPENDENT INSPECTOR SHALL BE THE INVOICE QUANTITY: FOR PAYMENT PURPOSES.IN THE EVENT THAT SHORTAGE OF SHIP ARRIVAL FIGURE VERSUS BILL OF LADING FIGURE IS MORE THAN 0.3 PCT THE VESSEL’S EXPERIENCE FACTOR

(VEF) SHALL APPLY (IF APPLICABLE) TO ASCERTAIN THE INVOICE QUANTITY. THE INVOICE QUANTITY SHALL NOT EXCEED BILL OF LADING QUANTITY IN ANY MANNER.

II. CARGO PRICE: GASOIL 10PPM QUOTATIONS AS PUBLISHED IN PLATTS AP/AG MARKETSCAN UNDER FOB ARAB GULF CENTERING B/L DATE PLUS A FIXED PREMIUM OF USD XX/BBL FOR GASOIL 10PPM). IN CASE THERE IS NO QUOTATION ON B/L DATE,3 QUOTATIONS PRIOR AND 2 QUOTATIONS AFTER B/L DATE TO APPLY.THE PRICE SHALL BE EXPRESSED TO TWO(2) DECIMAL PLACES AS FOLLOWS:

a) IF THE THIRD DECIMAL PLACE IS FIVE(5)OR GREATER, THE

SECOND DECIMAL PLACE SHALL BE ROUNDED UP TO THE NEXT NUMERICAL DIGIT AND

b) IF THE THIRD DECIMAL, PLACE IS LESS THAN FIVE (10) PCT THE SECOND DECIMAL PLACE SHALL REMAIN UNCHANGED.

C) INSURANCE POLICY NO. XX DATE XXX AND COUNTRY OF ORIGIN OF GOODS MUST BE MENTIONED IN COMMERCTAL INVOICE.

.

2) 3/3 ORIGINAL PLUS 3 NON-NEGOTIABLE COPIES OF BILL OF LADING, MADE OUT OR ENDORSE TO THE ORDER OF MUTUAL TRUST BANK PLC., MTB INTERNATIONAL TRADE SERVICES, BANGLADESH, MARKED FREIGHT PAYABLE AS PER CHARTER PARTY, NOTIFY (THE CONSIGNEE)

.

3) COPIES OF CERTIFICATE OF QUALITY AND/OR THE INDEPENDENT INSPECTOR’S QUALITY REPORT AT THE LOADING PORT / DISCHARGE PORT ( AS PER APPROVAL BY SELLER)

.

4) COPIES OF CERTIFICATE OF QUANTITY AND/OR THE INDEPENDENT INSPECTOR’S QUANTITY REPORT AT THE LOADING PORT / DISCHARGE PORT ( AS PER APPROVAL BY SELLER)

.

5) CERTIFICATE OF ORIGIN FROM THE CONCERNED CHAMBER OF COMMERCE OF THE EXPORTING COUNTRY MENTIONING THAT GOODS ARE OF XXXX ( COUNTRY NAME) ORIGIN.

F47A: Additional Conditions

1) INVOICES TO MENTION H.S CODE 2710.12.62.

2) INVOICES ALSO TO MENTION PORT OF LOADING.

3) ALL DOCUMENTS MUST BE ISSUED IN ENGLISH LANGUAGE.

.

4) COUNTRY OF ORIGIN MUST BE MENTIONED IN THE INVOICE.

5) A DISCREPANCY FEE OF USD 50.00 WILL BE DEDUCTED FROM THE APPLICANTS ACCOUNT IF DOCUMENTS ARE PRESENTED WITH DISCREPANCY(IES) AND ACCEPTANCE OF SUCH DOCUMENTS PRESENTED WITH DISCREPANCY(IES) DOES NOT IN ANY WAY ALTER THE TERMS AND CONDITIONS OF THE CREDIT.

6) THE VALUE OF THIS L/C WILL AUTOMATICALLY ESCALATE / DE-ESCALATE ACCORDING TO THE PRICE CLAUSE, EVEN ABOVE OR BELOW STIPULATED LIMIT OF THE L/C, WITHOUT ANY FURTHER AMENDMENT.

7) PAYMENT FALLING DUE ON A SUNDAY OR MONDAY BANKING HOLIDAY IN NEWYORK SHALL BE MADE ON THE FOLLOWING BANKING DAY. PAYMENT FALLING DUE ON A SATURDAY OR OTHER BANKING HOLIDAY IN NEWYORK OTHER THAN MONDAY SHALL BE MADE ON THE PRECEDING BANKING DAY.

8) TYPOGRAPHICAL OR SPELLING ERRORS THAT DO NOT AFFECT THE QUANTITY AND VALUE SHALL NOT CONSTITUTE AS DISCREPANCY.

9) PLUS/MINUS 10 PERCENT BOTH IN QUANTITY AND AMOUNT ARE ACCEPTABLE.

10) ALL SHIPPING DOCUMENTS MUST MENTION DOCUMENTARY CREDIT NUMBER WITH LC DATE AND LC ISSUING BANK’S BUSINESS IDENTIFICATION NUMBER (BIN): XXXX EXCEPT CERTIFICATE OF ORIGIN,

CERTIFICATE OF QUALITY AND THE INDEPENDENT INSPECTOR’S QUANTITY REPORT. SHIPPING BILL IS ACCEPTABLE WITHOUT LC ISSUING BANK’S BUSINESS IDENTIFICATION NUMBER (BIN) : XXXX

11) SHIPMENT / TRANSHIPMENT SHOULD BE CARRIED OUT BY COMPANIES OPERATING IN ACCORDANCE WITH THE MARITIME LAWS AND

PORT REGULATIONS OF ( DESTINATION COUNTRY NAME), REGARDING VESSELS FLAG, SEAPORT SHIPMENT AND TRANSHIPMENT.

12) WE DISCLAIM LIABILITY FOR DELAY, NON-RETURN OF DOCUMENTS, NON-PAYMENT, OR OTHER ACTION OR INACTION COMPELLED BY RESTRICTIVE MEASURES, COUNTER-MEASURES OR SANCTIONS LAWS OR REGULATIONS MANDATORILY APPLICABLE TO US OR TO OUR CORRESPONDENT BANKS IN THE RELEVANT TRANSACTION.

13. BENEFICIARY MUST ADVISE WITHIN 10(TEN) WORKING DAYS AFTER SHIPMENT BY FAX:XXXX / BY E-MAIL: / INTERNATIONAL COURIER DIRECTLY TO INSURANCE COMPANY NAME , ADDRESS  QUOTING L/C NO. AND DATE, INSURANCE POLICY NO. XXXXX (PUBLISHING DATE) DATE XXXX.GIVING FULL DETAILS OF CONSIGNMENT AND CARRYING VESSEL, VALUE OF GOODS SHIPPED.

14) DOCUMENTS PRESENTED BEYOND 30 DAYS AFTER THE

DATE OF BILL OF LADING BUT WITHIN THE VALIDITY OF THE CREDIT ARE ACCEPTABLE.

15) IN CASE DOCUMENTS ARE NOT AVAILABLE IN DUE TIME PAYMENT TO BE EFFECTED AGAINST PRESENTATION OF COMMERCIAL INVOICE AND SELLER’S LETTER OF INDEMNITY (TELEX ACCEPTABLE).

16) AT SIGHT FROM BILL OF LADING DATE (BILL OF LADING DATE TO COUNT AS DAY ZERO).

17. THIRD PARTY SHIPPING DOCUMENTS ARE ACCEPTABLE.

F71D: Charges

ALL COSTS REGARDING LC WITHIN LC ISSUING COUNTRY (NAME) SHALL BE ON APPLICANT’S A/C AND ALL COSTS OUTSIDE OF LC ISSUING COUNTRY SHALL BE ON BENEFICIARY’S A/C.

F48: Period for Presentation in Days Days: 21

Narrative: /FROM BILL OF LADING DATE

F49: Confirmation Instructions

WITHOUT

F78: Instructions to the Paying/Accepting/Negotiating Bank
01.DOCUMENTS MUST BE FORWARDED VIA COURIER IN ONE LOT TO : XXXX BANK NAME & ADDRESS.

02.UPON RECEIPT OF DOCUMENTS STRICTLY COMPLYING THE TERMS AND CONDITIONS OF THE CREDIT ON FIRST PRESENTATION, WE SHALL REMIT THE PROCEEDS TO YOU AS PER YOUR INSTRUCTION.

F72Z: Sender to Receiver Information PLEASE ACKNOWLEDGE THE RECEIPT

PKI Signature: MAC-Equivalent