World Business Organization

Produced By Rahbaran P.Co

1382/8

How? When?

NEGOTIATION

BUYER ( Tissot co. )

SELLER ( IPCC )

World Business OrganizationSTATISTIC & INFORMATION COMMISSION TRANSPORTATION COMMISSION COMMERCIAL COMMISSION LAW COMMISSION INSURANCE COMISSION BANKING COMMISSION

BANKING COMMISSIONUniform customs & practice for documentary credit ( UCP ) Uniform rules for collections International standby practices( URC )

(ISP98)

Uniform rules for reimbursement (URR) Uniform rules for demand guarantee (URDG)

PAYMENT METHODS1 ) Open Account Trade 2 ) Full Advance Payment 3-1 ) Clean Draft 3 ) Collection 3-2 ) Documentary Draft 4 ) Different Types Of The Documentary Credit 5 ) MixedTime Draft Sight Draft Documents Against Payment (D/P) Documents Against Acceptance (D/A)

Different Type Of L/C Accordance to ICC Rules

1 ) Commercial Documentary Credit ( Subject To UCP 500 ) 2 ) Standby Documentary Credit ( Subject To ISP 98 ( 3 ) Supplement To UCP 500 For Electronic Presentation( Subject To eUCP )

R

EMARK10))Revocable or Irrevocable L/C 1 Red Clause L/C 11))Confirmed L/CUNconfirmed L/C 2 Hand - on Or 12))Sight OrL/C 3 Transit Deferred Or Acceptance Or Negotiable L/C 13))Sight Or USANCE L/C 4 Importation L/C 14))Operative OrL/C operative L/C 5 Exportation Non 15))Back To Back L/C 6 Negotiable L/C 16))Counter L/C 7 Foreign Exchange Or RIAL L/C 17))Revolving L/C 8 Inner L/C 9 ) Transferable Or Non Transferable L/C

Commercial Documentary Credit Includes 20 Types

BEGINNING OF MESSAGEOwn Address Input Message Type Sent To Bank Melli Iran Tehran Hafez Br. 700 COMMERZ Bank AG BONN

Swift Message MT :700 Issue Of a Documentary Credit Sender : MELIIRTHHBR Receiver : COBADEFFX380

MESSAGE TEXT27 40A 20 31C 31D 50 Sequence Of Total 1/1 Form Of Documentary Credit Irrevocable Documentary Credit Number 256 / 82203144 Data Of Issue 030926 Date And Place Of EXPIRY 031228 Germany Applicant

IRANKHODRO CO Old KARAJ Road KM . 17 59 Beneficiary VOLGANA Techno-Trade Export Department , BA HEERSTRASSE 6 ,Sank BONN ,D -53757 ,Germany 32B CURRANCY Code Amount EUR 75978.00 Euro 41A Available With / By Swift ADDR COBADEFF 3800

Commerz Bank AG BONN Germany By Payment 43P 43T 44A 44B Partial Shipment Allowed Tran shipment Not Allowed Onboard /DISP / Taking Charge Germany For Transportation To Tehran Via Bazargan

By Truck 44C Latest Date Of Shipment 031207 45A Description Of Goods And/Or Services PVC As Per P/I No .8385 /IPCC Dated 030721 CPT Tehran 46A Documents Required 1 ) Full Set Clean Negotiable FIATA Multimodal Transport B/L Issued To The Order Of Bank

Melli Iran Hafez Branch Indicating Goods Enroute Marketed Freight Prepaid In 1 Original And 2 Copies Showing Applicant As Notify Party 2 ) Signed Commercial Invoices ( Not Exceeding L/C Amount ) Made Out In The Name Of Buyer In 3 Originals One Of Which Should Be Certified By The Chamber Of Commerce And Plus 2 Extra Copies According To BNFs P/1 No .8395 / IPCC Dated 030721 3 ) Certificate Of Origin In One

Original Issued By Chamber Of Commerce Confirming Goods Originated In E.C. Plus 2 Copies. 4 ) Detailed Packing List In 3 Copies. 47A Additional Condition 1 ) Customs Traiff No .AAAA .AA To Be Indicated On All Documents. 2 ) Goods Insured Here by Alborz Insurance Co. Policy No . 5/02/19/99/10 Please Indicate Insurance Policy No. On Transportation Documents. Shipment Advice To Be Made To ALBORZ Insurance Co. By TLX Or FAX Indicating Policy No.

And Details Of Shipment . A Copy Of Which Must Be Accompanied By The Original Shipping Docs 3 ) All Docs Should Bear The Name OF Bank MELLI Iran Hafez BR. And Our L/C No. 4 ) Third Party F/B/L Is Not Acceptable 5 ) The Issuance Date Of All Docs Should Be Within the L/C Validity 6 ) This L/C Is Subject to UCP 500 7 ) For Payment PLS . Confirm Term OF The Credit Have Been Complied With Otherwise Cable Discrepancies And Obtain The Approval Of Ourselves And

Applicant Or send us Docs . On Collection Basis Our charges For Processing Discrepant Doc Is USD 60 Or Equivalent Per Negotiation. This Charge Shall Be For Account Of Beneficiary. 8 ) Docs To Be Sent To Us In Two Lots : First Lot By Express Courier Second Set By Airmail . Bank MELLI IRAN Hafez BR. Tehran IRAN 9 ) Kindly Inform Us 5 Working Days Prior To Final Payment About Taking Up For Docs In Compliance With L/C Terms

10 ) The Goods Should Be Packed In Standard Export Packing. 71B Charges All Banking Charges Outside I.R Iran Including Reimbursement Charges Are For BNFs Account. 48 Period For Presentation All Docs .Should Be Presented Within Issuance Date Of Transportation Docs .But Within L/C Validity 49 Confirmation Instructions Without

53A

Reimbursing Bank - BIC COBADEFF COMMERZ Bank AG Frankfurt AM Main

78

Instruct To Pay/ Accept /Negotiation Bank After Dispatch Of Docs In Compliance With Credit Terms. You Are Authorized To Debit Our Euro A/C With Your GoodSelves In Frankfurt BR.

72

Sender To Receiver Information PLS. Acknowledge Receipt Of This Documentary Credit.

GENERAL CHARTContract I`

Applicant Irankhodro

Beneficiary Peugeot co.

Contract II

tr on C

I act

II

Issuing Bank Bank Melli Iran Saadi BR.

L/C Text

Nominated Bank Paribas Bank Paris BR.

L/C Text

CONFIRMATION L/C CHARTApplicant ShtaffContract II Contract I

Beneficiary IPCCIII

ct ntra Co

L/C Text

Issuning Bank Bank Of Nepal Katmando BR.Co n tra

L/C Text

Nominated Bank Bank Tejarat Petrochimi BR.

ct

IV

Confirming Bank Credit Swiss Bank Loozan BR.

Contract V

SILENTApplicant Indian Co

CONFIRMATION L/C CHARTBeneficiary IPCC

Contract I

Co n

tra

ct

IV

Contract II

Co n

Issuing Bank Habib Bank Bombai BR.

L/C Text

Nominated Bank Bank Tejarat Petrochimi BR.

L/C Text

tra

ct

Confirming Bank Bank BNP Dubai BR.

III

GENERAL CHART

Applicant Tissot Co

Contract I

Beneficiary IPCC

Contract I

t on C

ra

I ct

II

Issuing Bank Commerz Bank Madrid BR.

L/C Text

Nominated Bank Bank Tejarat Petrochimi BR.

L/C Text

I