Click and Download Original Format of Back to Back L/C from here [wpdm_package id=’120′]
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Example of Back To Back Letter of Credit Format
BACK TO BACK LETTER OF CREDIT
TELEX NO : ________________________________________________________________ TO : ________________________________________________________________ FM : ISLAMI BANK BANGLADESH LTD, LOCAL OFFICE, DHAKA-1000, BANGLADESH. TEST _____________________________ ON USD ____________________________ DATED _____________________ (.) WE ISSUE OUR IRREVOCABLE _______________________ DOCUMENTARY CREDIT NO. IBL/BB/ DTD. ______________________________ AS PER DETAILED BELOW :-
BENEFICIARY : M/S. ________________________________________________________ . ______________________________________________ . ______________________________________________ AMOUNT : USD _______________________________________ (SAY U. S. DOLLAR) . ________________________________________________________
LAST DATE OF SHIPMENT : ________________________________________ NEGOTIATION : WITHIN DAYS OF SHIPMENT BATE OF EXPIRY : ________________________________________ TRANSHIPMENT ALLOWED UNDER THROUGH B/L / NOT ALLOWED PARTSHIP[MENT ALLOWED/NOT ALLOWED. COMBINED TRANSPORT DOCUMENTS NOT ACCEPTABLE SHORT FORM, BLANK BACKED, CHARTER PARTY & THIRD PARTY BILL OF LADING/AIRWAY BILL NOT ACCEPTABLE SHIPMENT PRIOR TO L/C DATE NOT ACCEPTABLE. SHIPMENT FROM _____________________________________ TO CHITTAGONG/DHAKA(BY SEA/AIR) SHIPMENT OF GOODS COVERING:FABRICS ___________________________________________________________ ____________________________________________________________________________________________________ ____________________________________________________________________________________________________ ____________________________________________________________________________________________________ N ACCESSORIES FOR USD _____________________ FOR HUNDRED PERCENT EXPORT ORIENTED READYMADE GARMENTS INDUSTRY EXACTLY AS PER PROFORMA INVOICE NO. ______________________________________ DTD. _____________________________ OF THE BENEFICIARY SUBMITED AT OUR COUNTER. THIS DOCCREDIT AVAILABLE BY NEGOTIATION AGAINST BENEFICIARY DRAFT IN DUPLICATE AT 120 DAYS SIGHTFROM THE DATE OF ACCEPTANCE/NEGOTIATION DRAWN ON OURSELVES A/C APPLICANT UNDER OUR DOCCREDIT FOR 100 PCT. CNF INVOICE VALUE ACCOMPANTED BY THE FOLLOWING DOCUMENTS : A. SIGNED INVOICE IN 8 FOLED CERTIFYING MERCHANDISE OF __________________________________________ ORIGINAL INVOICE MUST SHOW LCAF NO. ____________________ UNDER BONDED WARE HOUSE LICENCE SYSTEM, EXPORT L/C NO. B. FULL SET OF CLEAN ON BOARD OCEAN BILL OF LADING OF A REGULAR LINER VESSEL/AIR WAYBILL MARKED “FREIGHT PREPAID” DRAWN ON OR ENDORSED FAVOURING/CONSIGNED TO L/C OPENING BANK NOTIFY APPLICANT OF L/C ___________________________________________________________ C. BENEFICIARY MUST ADVICE APPLICAN, M/S. _______________________________________________________ _____________________________________________ AND TO L/C OPENING BANK MENTIONING COVER NOTE NO. ______________________________________ AND L/C NO. IBL/BB/__________________________________________ GIVING _______________________________ FULL DETAILS OF SHIPMENTS. A COPY OF THIS ADVICE MUST ACCOMPANY EACH SET OF DOCUMENTS.
D. CERTIFICATE OF ORIGIN IN DUPLICATE FROM CHAMBER OF COMMERCE/GOVT. CLEARLY MENTIONING COUNTRY OF ORIGIN OR PACKING/CARTON/CONTAINER FOR CUSTOMS CLEARANCE. E. DETAILS PACKING LIST IN 4 FOLDS. F. PER-SHIPMENT INSPECTION CERTIFICATE TO BE USSUED BY AT BENEFICIARY’S COST MENTIONING THAT THEY HAVE INSPECTED AND SATISFIED TOQUALITY QUANTTIY OF THE GOODS AS PER L/C TERMS. OTHER TERMS AND CONDITIONS 1. SHIPMENT BY ISRAEL FLAG VESSEL/CARRIER PROHIBTIED. 2. ALL FOREIGN BANK CHARGES UNCLUDING REIMBURSING BANK’S CHARGES OUTSIDE BANGLADESH SHOULD BE ON BENEFICIAR’S ACCOUNT. 3. ADDITIONAL AMOUNT EXCEEDING THE CREDIT VALUE IF ANY WOULD BE PAID BY US AT THE RATE PREVAILING IN BENEFICIARY COUNTRY BUT NOT EXCEEDING “LIBOR” ON MATURITY DATE UPONRECEIPT O SEPARATE CLAIM MEMO OF BEBEFICIARY ALONGWITH ORIGINAL DOCUMENTS THROUGH NEGOTIATING BANK DULY ACCEPTED BY APPLICANT. CLAIM MEMO IF SENT BY SEPARATE MAH, WILL NOT BE ACCEPTED. 4. ONE SET NON-NEGOTIABLE DOCUMENTS INCLUDING DETAILED PACKING LIST MUST BE DESPATCHED TO APPLICANT WITHIN DAYS AFTER SHIPMENT BY COURIER/SPEED POST, RECEIPT MUST ACCOMPANY DOCUMENTS. 5. GOODS MUST BE SHIPPED IN CONTAINER. IN CASE OF SEA SHIPMENT. 6. LENGTH OF FABRICS PCS. LESS THAN 20 YDS. NOT ACCEPTABLE. A CERTIFICATE TO THIS EFFECT MUST ACCOMPANY EACH SET OF DOCUMENTS. 7. ADD CONFIRMATION CHARGES FOR USD- ON BENEFICIARY’S A/C WHICH WILL BE DEDUCT FROM PAYMENT. INSTRUCTION FOR NEGOTIATING BANKER: A.A. UPON MATURITY CLAIM REIMBURSEMENT FROM OUR ACCOUNT NO. 1949102 WITH AMERICAN EXPRESS BANK LTD.NEW YOUK, USA PROVIDED DOCUMENTS CMOPLY STRICTLY WITH CREDIT TERMS IN CASE O PAYMENT BEFORE MATURITY, ADDITIONAL AMOUNT WILL BE REDUCED PROPORTIONATELY. A.A. UPON MATURITY CLAIM REIMBURSEMENT FROM OUR ACCOUNT NO 3582-066939-001 WITH STANDARD CHARTERED BANK LTD. NEW YOUK, USA PROVIDED DOCUMENTS COMPLY STRICTLY WITH CREDIT TERMS IN CASE OF PAYMENT BEFORE MATURITY, ADDITIONAL AMOUNT WILL BE REDUCED PROPORTIONATELY. A.A UPON MATURITY CLAIM REIMBURSEMENT FROM OUR ACCOUNT NO.3607-6621 WITH CITI BANK NA NEW YORK, U.S.A PROVIDED DOCUMENTS COMPLY STRICTLY WITH CREDIT TERMS IN CASE OF PAYMENT BEFORE MATURITY, ADDITIONAL AMOUNT WILL BE REDUCED PROPORTIONATELY. A.A. UPON MATURITY CLAIM REIMBURSEMENT FROM OUR ACCOUNT NO 010020ISLA00 WITH MASHREQ ASIA LTD. HON KONG PROVIDED DOCUMENTS COMPLY STRICTLYWITH VREDIT TERMS IN CASE OF PAYMENT BEFORE MATURITY, ADDITIONAL AMOUNT WILL BE REDUCED PROPORTIONATELY. A.A UPON RECEIPT OF DOCUMENT COMPLYING CREDIT TERMS WE SHALL COVER AS PER YOUR INSTRUCTION ON MATURITYTO YOUR DESIGNATED BANK ACCOUNT IN NEW YOUK, U.S.A. IN CASE OF PAYMENT BEFORE MATURITY, ADDITIONAL AMOUNT WILL BE REDUCED PROPORTIONATELY. BB. DOCUMENT WITH DISCREPANCY MUST NOT BE NEGOTIAED EVEN UNDER RESERVE WITHOUT OUR PRIOR APPROVAL CC.DOCUMENT TO BE SENT TO US BY COURIED/SPEED POST. THIS INS OPERATIVE INSTRUMENT AS PER UCPDC(1993 REV.) ICC PUB-500 ADVISER WITH ADDING CONFIRMATION AT BENEFICIARY’S COST. NEGOTIATION(S) RESTRICTED TO L/C ADVISING BANK ONLY AGAINST THEIR ADDING CONFIRMATION TO THIS CREDIT.
This is demo sales contract for learner. All information is fake here. Sales contract is preliminary step of LC – Letter of Credit. Sales contract is a deed between buyer and manufacturer.
This irrevocable cortract made between H&M Hennes & Mauritz GBC AB, Master Samuelsgatan 46A 106 38 Stockholm, Sweden & Auto Garments Ltd., 826- Loker Para, Ghatail, Tangail under the following terms and condition –
Name and Address of Consignee :
H&M Hennes & Mauritz GBC AB, Stockholm, Sweden
H&M Hennes & Mauritz GBC AB, Oslo, Norway
H&M Hennes & Mauritz Netherlands B.V. The Netherlands
H&M Hennes & Mauritz Netherlands B.V. Denmark
H&M Hennes & Mauritz Netherlands B.V. England
H&M Hennes & Mauritz Netherlands B.V. Austria
H&M Hennes & Mauritz Netherlands B.V France
H&M Hennes & Mauritz GBC AB, S – Stockholm , Switzerland
H&M Hennes & Mauritz GBC AB, Germany
H&M Hennes & Mauritz S.L, Spain
H&M Hennes & Mauritz GBC AB, Poland
H&M Hennes & Mauritz LP. USA
H&M Hennes & Mauritz GBC AB. Canada
H&M Hennes & Mauritz GBC AB. Hongkong
H&M Hennes & Mauritz Commercial Ltd Co. China
H&M Hennes & Mauritz GBC AB, Stockholm, Middle East
H&M Hennes & Mauritz Japan K K. Japan
H&M Hennes & Mauritz LLC, Russia
Name and Address of Consignee’s Bank : HSBC in New York, U.S.A.
Tolerance : 2% +/- in Quantity and Value Acceptable. Garment Description, Garment Quantity, Unit Price and Total Value can be amended as per order sheet.
Quota Category : Non Quota/Quota.
Transport documents : For Sea shipments – Transport documents will be issued by Maersk Logistics to the order of negotiating Bank marked freight collect.
. : For Air shipments – House Air Way Bill will be issued by ICL marked freight collect/freight prepaid .
. : For Sea-Air shipments made by Maersk Logistics, transport documents will be issued marked freight Prepaid / collect.
. : Upon receive the payment, negotiating bank of …………… will endorse the transport documents in favour of H&M Hennes & Mauritz GBC AB and will hand over to Mearsk Logistics Ltd / ICL Dhaka Bangladesh (with in 3 days after receiving the payment).
Mode of Shipment : FCA Chittagong by Sea or FCA/CPT Dhaka/Hamburg by Air or FCA Chittagong / CPT Hamburg for Sea-air shipment. (Applicable one)
Insurance : to be covered by buyer upon received the cargo by the nominated forwarders.
Latest Date of Shipment : 29th Sep to 13th Oct’2014.
Expiry of the contract : After 30 days from the date of shipment.
Payment Terms : By TT within 20 days from the required documents submission to Puls Trading Far East Ltd, Bangladesh Liaison Office mentioning the contract number and the invoice number, by showing 2% discount from the total alue.
. : In case of absence/irregularities or discrepancies in below required documents H&M Hennes & Mauritz GBC AB will withhold payments until documents are corrected.
Name of supplier’s Bank : Dutch Bangla Bank Ltd., Motijheel Br., Dhaka, Bangladesh. SWIFT # PRBLBDDH005
Account Number : DD-01587455544
Authentication : Counter signed by Puls Trading Far East Ltd, Bangladesh Liaison Office bank HSBC in Dhaka.
All Details : As per Order Sheet & Terms and Conditions of Purchase – As per H&M Standard Purchase Conditions.
Required documents to be submitted to Puls Trading Far East Ltd, Bangladesh Liaison Office:
Original signed invoice & packing list covering gross weight/net weight & summary sheet.
Original Certificate of Origin/GSP Form-A/APTA/ B255E/CCI (if applicable).
Documents for payments: Shipment/Feeder vessel wise combined Payment Invoice.
Copy of Original FCR (Sea-air) and Original HAWB (Air) with in 7 days after vessel sailing/flight departure.
——————————- ———————————- For and on Behalf of : For and on Behalf of : Auto Trading Far East Ltd, Bangladesh Liaison Office House 826 , Road No. 43, Ghatail, Tangail, Bangladesh.
Product Quality is Ensured With Advanced Technology
Time Keeping & Overtime records
Quality Objective
Establish and maintain quality objectives for improvement of QMS and product quality.
This agreement is made on between rafiqul Ltd. Plot # 243-254 Union-Tetul Zora, bhuapur tangail, Dhaka. the first party and rafiqul Ltd. 846, tangail Industdrial area, tangail . The Second dhakaarty. Both the parties agreed to execute this agreement under following terms and condition:-
The first party rafiqul Ltd shall supply fabrics & accessories against sub contract.
The Second party shall make all necessary agreements for inter bond transfer permission.
The Second party will lookafter the production with their full care and responsibilities , for their occurs any loss or damage the Second Party will remain responsibilities for the same
The production will be processing under the full Instruction of the first Party
MENS SHIRT
Total Quantity : 1475586 PCS = 123277.17 DOZ
Delivery : 23-12-2017
Rate TK. 97 /Pcs
Payment : By cheque after delivery as per specification.
For rafiqulL td
Anybody entering to the premises of Modele De Capital Industries Limited. must obtain permission from the company reception desk & he/she must wear one of the followings on the chest for easy identification
Company Identity Card
Visitors Entry Pass
VIP Entry Pass
Time Keeping & Overtime records
Noted factory has installed the swipe card system in place. But still factory is maintaining working records by manual time cards the payroll are based on manual entered records . Moreover there are still no arrangements made to connect the swipe system to connect to IPS
Swipe card system has been installed and still on trial. The printout of November Job cards, Salary sheet, pay slips will be on trial basis. But the system will be implemented and will go into operation from January, 2017
Swipe system IPS connection will be completed by 13/12/2017
Payments & deductions
Noted at some stages, Factory has delayed the payments to workers
What is Time Keeping & Overtime records, Payments & deductions,
18/ L NECK 1 PCE , FRONT 6 PCS , 1 PCE AT POCKET 14/L 1 PCE AT EACH COLLAR POINT & BACK OF THE COLLAR MIDDEL . COLOR – AS SUPPLE . ( AS SAMPLE ) .
FOLDING SIZE
T . B . C .
SPARE BUTTON
N/A .
TISSUE
N/A .
COLLAR
B/D COLLAR SINGLE LAYER . 1 BTN HOLE AT COLLAR MIDDLE
CUFF PRESENTATION
N/A .
THREAD
TEX 27 COLOUR – AS SUPPLY .
* HANG TAG ATT . AT MAIN LABEL WITH SWIFT TAG .
CUFF
N / A .
FRONT
3 . 5 CM WIDTH ¼″ ST . WELTED KANSAI ( AS SAMPLE ) .
BACK
3 CM BOX WITH ¼″ LOOP .
YOKE
DOUBLE , TOP SIDE YOKE BIAS CUT.
* COLLAR POINT = 5 CM . * COLLAR WIDTH = 4 . 5 CM . * BAND WIDTH = 3 . 2 CM . * COLLAR SPREAD = T B C . * TIE GAP = T B C .
POCKET
1 CHEST POINT PKT ( BIASE CUT ) . PKT ROLLING “ V ” SHAPE . “ V ” 4 × 3 CM , 2 BARTACK AT PKT CORNER . PKT L×W & ( POSITION FM HPS ) SIZE WISE FOLLOW THE SPEC .
* LINING COLOUR & ART NO – 370 . AT F/ PLKT , COLLAR , BAND , ( S/CUT ) COLOR – WHITE ,
* GMT WASH WITH SOFTNER ** NO IRON USE ONLY STEAM .
** BIAS CUT AT POCKET , B/YOKE & GUSSET .
SPECIAL INSTRUCTION
S . P. I – 10 / 11 .
1/32″ ST . AT COLLAR JOINT , BAND JOINT , & BACK LOOP .
D/ N TOP ST . AT POCKET JOINT , ARM HOLE , F/SHOULDER , B/YOKE . GAP ¼ ″. ** BAND ROLLING ¼″ .
¼″ TOP ST . F/PLKT , COLLAR , ** 5 THREAD O/LOCK AT SLV JOINT .
SIDE SEAM FEED OF THE ARM BOTH SIDE AT BACK . ST .TO ST . GAP ¼″ .
HOLE MESUREMENT: NECK SEAM TO 1ST HOLE 6 . 5 CM , LAST HOLE 13 CM UP BOTTOM HEM .
