Our collection in foreign exchange and collection of T/T’s services are rarely found in Bangladesh. Using the T/T as a means of trade, almost all through the L/C, 90% of Bangladesh’s trade is through letters of credit. In order to give convenience to our customers, the day Czech Republic received a sample of letter of credit in Bangladesh. So that we can understand the letter of credit in Bangladesh. The letter of credit the Czech company has received is relatively simple.27 SEQ OF TOTAL 1/1
40A FORM OF LC: IRREVOCABLE
20 DC NO. ABCD123456 (信用证号码）
31C DATE OF ISSUE 10AUG09
40E APPLICABLE RULES: UCP LATEST VERSION
31D EXPIRY DATE AND PLACE/: 310CT09 CHINA
51D APPLICANT BK
THE CITY BANK LIMITED CENTRAL PROCESSING CENTRE SHAMSUL ALAMIN BUILDING 25/A DILKUSHA C/A DHAKA M/S.SAFE INTERNATIONAL 31. DIT ROAD,MALIBAGH CHOWDHURY PARA, DHAKA-1219,BANGLADESH.
50 APPLICANT :天捷客户 （为保护客户资料这里省略）
59 BENEFIAIARY:
天捷公司
10G,BUILDING B.NEPTUNUS MANSION, NANSHAN ZONE,SHENZHEN,CHINA
32B DC AMT: USD15683.10
41D AVAILABLE WITH/ BY: ANY BANK IN CHINA BY NEGOTIATION
42C DRAFTS AT: AT SIGHT
42D DRAWEE: THE CITY BANK LIMITED B.B.AVENUE DHAKA,BANGLADESH
43P PARTIAL SHIPMENTS: ALLOWED
43T: TRANSHIPMENT: ALLOWED
44E LOADING PORT/DEPART AIRPORT: ANY SEA PORT OF CHINA
44F DISCHARGE PORT /DEST AIRPORT: CHITTAGONG SEA PORT BANGLADESH
44C LATEST DATE OF SHIPMENT: 11OCT09
45A GOODS:
OIL FILTER
46A DOCUMENTS REQUIRED:
1. BENEFICIARY’S SIGNED INVOICES IN OCTUPLICATE CERTIFYING MERCHANDISE TO BE OF CHIAN ORIGIN
2. FULL SET OF CLEAN SHIPPED ON BOARD OCEAN BILL OF LADING DRAWN/OR ENDORSED TO THE ORDER OF THE CITY BANK LIMITED SHOWING FREIGHT PREPAID MARKED NOTIFY APPLICANT AND US GIVING FULL NAME AND ADDRESS.
3. A COPY OF SHIPMENT ADVICE SENT TO INSUANCE COMPANY.
4. PACKING LIST AND WEIGHT NOTE IN SIX COPIES REQUIRED
5. CERTIFICATE OF ORIGIN ISSUED BY THE CHAMBER OF COMERCE OR ANY COMPETENT AUTHROITY, WHICH MUST ACCOMPANY THE ORIGINAL SHIPPING DOCUMENTS.
6. APPLICANT’S OF NAME , ADDRESS AND TIN NUMBER MUST BE DISTINCTLY MENTONED/PRINTED ATLEST OVER 2 PCT. OF PACKAGES/DRUMS/BOXES BOBY OF THE CONTATINER COVERING THE IMPORT, BENEFICIARY’S CERTIFICATE TO THIS EFFECT MUST ACCOMPANY THE ORIGINAL SHIPPING DOCUMENTS.
7. BENEFICIARY MUST CERTIFY ON THE INVOICE THAT THEY HAVE MENTIONED IN ALL PACKAGES/ CONTAINERS/DRUMS/GOODS COUNTYR OF ORIGIN CHINA CLEARLY.
47A ADDITIONAL CONDITIONS:
1. GOODS DESTINED FOR BANGLADESH BY ISRAELI FLAT VESSEL NOT ALLOWED.
2. GOODS ARE IMPORTABLE UNDER L/C AUTHORISATION FORM NO.CBL-105596, HSCODE NO, 8480.49.00 AND 8421.23.00 IRC NO. BA-115304 WHICH SHOULD APPEAR ON INVOICE
3. DRAFT, INVOICE, BILL OF LADING AND ALL OTHER SHIPPING DOCUMENTS MUST BE MARKED DRAWN UNDER THE CITY BANK LIMITED, B.B.AVENUE BRANCH, DHAKA CREDIT NO.074009010161
4. BENEFICIARY MUST CERTIFY ON THE INVOICE THAT THE SPECIFICATION QUANTITY, QUALITY, PACKING, MARKING, RATES AND ALL OTHER DETAILS OF THE GOODS SHIPPED ARE STRICTLY IN ACCORDANCE WITH THE TERMS AND CONDITIONS OF THE PROFOMA INVOICE NO.BCAF09011
5. ONE SET OF NON-NEGOTIABLE SHIPPING DOCUMENTS MUST BE SENT TO THE THROUGH AIRMAIL/COURIER WITHIN 5(FIVE)DAYS FROM THE DATE OF SHIPMENT.
6. BENEFICIARY MUST INTIMATE SHIPMENT DETAILS TO L/C OPENING BANK BY FAX NO. 880-2-7169767 WITHIN 5(FIVE)DAYS FROM THE DATE SHIPMENT AND COPY OF WHICH MUST ACCOMPANY THE DOCUMENTS
7. INSURANCE COVERED BY OPENERS, ALL SHIPMENTS UNDER THIS CREDIT MUST BE ADVISED BY BENEFICIARY IMMEDIATELY AFTER SHIPMENT DIRECT TO M/S MERCANTILE INSURANCE CO.,LTD. HEAD OFFICE.61 MOTIJHEEL C/A (IST FLOOR), DHAKA-1000. BANGLADESH AND TO THE APPLICANT REFERRING TO COVER NOTE NO. MICL/HO/MC-345/08/2009 DATED 03.08.2009 GIVING FULL EDTAILS OF SHIPMENT.
8. DOCUMENT MUST NOT BE MADE EARLIER THAN THE DATE OF ISSUING OF THIS CREDIT
9. ALL DOCUMENTS MUST BE QUOTED L/C NUMBER AND DATE
10. SHIPPING DOCUMENTS WITH ANY DISCREPANCY MUST NOT BE NEGOTIATE GUARANTEE OR RESERVE IN THAT CASE DOCUMENTS MAY BE FORWARDED TO BE DEDUCTED BEING THE COST OF DISCREPANCY FEES.
11. TIN NO.282-112-3509 AND VAT REGISTRATION NO.9031048518 MUST APPEAR IN THE INVOICE AND PACKING LIST.
12. PRE SHIPMENT INSPECTION FOR QUANTITY, QUALITY . DESCRIPTION CLASSIFICATION AND PRICE SHOULD BE CARRIED OUT BY M/S.BUREAU VERITAL(BIVAC) INTERNATIONAL S.A. THE FINAL INVOICE AND PACKING LIST SHOULD BE ENDROSED BY M/S. BUREAU VERITAS(BIVAC)INTERNATIONAL S.A.ORIGINAL CRF CERTIFICATE TO BE SENT BY THE INSPETION COMPANY DIRECTLY TO THE CONCERN CUSTOM AUTHORITY WITH IN FIVE WARKING DAYS AFTER ISSUING A COPPY OF THE CRF TO BE SENT TO THE L/ C ISSUING BANK BY THE LOCAL OFFICE OF THE PSI COMPANY. THIS CLAUSE IS APLICABLE FOR INSPECTION COMPANY ONLY
71B DETAILS OF CHARGES: ALL FOREING BANK CHARGES OUTSIDE BANGLADESH ARE ON BENEFICIARYS ACCOUNT
48 PERIOD FOR PRESENTATION: BILL OF EXCHANGE MUST BE NEGOTIATED WITHIN 21 DAYS FROM THE DATE OF SHIPMENT BUT NOT LATER THAN EXPIRY
49 CONFIRMATION INSTUCTIONS: WITHOUT
78. INFO TO PRESENTING BK:
1. AMOUNT OF DRAFT NEGOTIATED SHOULD BE ENDORSED ON THE REVERSE SIDE OF THE CREDIT
2.SIX COPIES OF INVOICE TO BE SENT WITH ORIGINAL SET OF DOCUMENT TO US BY COURIER SERVICE AND TWO COPIES OF INVOICES WITH DUPLICATE BY SUBSEQUENT AIR MAIL SERVICE DIRECTLY THE CITY BANK LIMITED , CENTRAL PROCESSING CENTER, ALAMIN CENTRE(7TH FLOOR) 25/A DILKUSHA C/A , DHAKA-1000 BANGLADESH
3.PAYMENT WILL BE MADE UPON RECEIPT OF DOCUMENT COMPLYING ALL TERMS AND CONDITIONS OF THE LETTER OF CREDIT AS PER YOUR INSTRUCTION.Shadstone credit analysis
27 Credit Score: 1 / 1
40A credit type: irrevocable letter of credit
20 Credit Number: ABCD123456
31C issuing date: 10AUG2009
31D letter of credit expiration date: 2009-10-31 China
51D: Issuing Bank: Citibank
50 Applicant: Shadstone customers
Beneficiary 59: Credit Exchange expert – day Czech

32B credit amount: USD15683.10

41D & 42C allow any bank for negotiation. Sight letter of credit.
43P & 43T allows partial shipment allowed to transit.
44E FOB Port: Any port in China
44F destination: CHITTAGONG SEA PORT BANGLADESH
44C at the latest shipment of :2009-10-11
45A Item Description: OIL FILTER

46A Requirement:
1. 8 copies of the invoice.
2. Package of bills of lading
3. Shipment notification
4. Packing list and the weight of a single 6 copies
5. Certificate of Origin
6. The applicant’s name, address, TIN number must appear on packages (area need more than 2%)
7. Origin must appear on all packaging.

47A special request:
1. Can not take the Israeli ship.
2. Invoices need to demonstrate: L / C AUTHORISATION FORM NO, HS.CODE, IRC NO.
3. Bills, invoices, bills of lading stated DRAWN UNDER THE CITY BANK LIMITED … ….
4. Invoices to prove specifications, quantity, quality is equal to the form of Invoice No.: BCAF09011 the same
5. A non-negotiable documents in 5 days after shipment delivery to be sent to _____ Who? Here obviously L / C omitted words.
6. To sail within 5 days after the issuing bank fax Fax :880-2-7169767 ship information
7. Shipment must notify the insurance company after the shipment information to them to buy the insurance.
8. File date of issue can not be earlier than the L / C issuing date.
9. All documents must show the L / C number and date
10. If discrepancies buckle USD50
11. TIN number, VAT number displayed in the invoice and packing list.
12. Shipment before the goods must BV, Charles. Final invoice and packing list by their endorsement. Before shipment, we must let guests BV of the CFR number, and fax or packing lists and invoices to the BV,, booking cargo inspection, they will usually check the day of loading goods, finished goods inspection, it will do us the original INVOICE and PACKING send original BV Shanghai company, let them come back for endorsement.

Bank charges 71B Distribution: Bangladesh all out all the letters of credit bank charges borne by us
48 Hours of delivery: delivery within 21 days after the ship opened one
49 is confirmation: No Confirmation
78 the credit of the bank’s instructions

The letter of credit from Citigroup is relatively less risky. Day credit operations in Bangladesh Czech companies have a special way that can effectively prevent credit risks in Bangladesh.