2. WHO AM I ?
Fifteen years of Banking experience, six
years’ experience in Trade Finance
Operations background with Unsecured
Loan experience, equipped with another
seven years’ experience in Management
Information Analyst and Dashboard
Reporting. Vastly experienced in Bank
Indonesia reporting (LBU, SID, LBBU, BMPK
etc.)
3. EMPLOYMENT SUMMARY
2014 Present Indonesia Banking School
2013 2014 Deutschebank AG
2011 2012 Misys Plc
2010 2011 DBS Indonesia
2010 2010 ANZ Bank
2005 2010 RBS Bank
2004 2005 Vendor at Bank Mandiri, BCA and Circle K
1999 2004 HSBC Bank
1998 1999 MetLife Insurance
1997 1998 Demographic Institution FEUI
1996 1997 Private Investment Manager
10. 1. This message is sent by the issuing bank to the
advising bank
2. It is a brief advice of a documentary credit, the full
details of which will follow
3. The pre-advice is not an operative credit
instrument. Unless otherwise stated, the issuing
bank must forward the operative credit
instrument, ie, MT 700 Issue of a Documentary
credit, without delay
MT 705
11. MT 705
MT 705
SENDER: ABC BANK, MELBOURNE, AUSTRALIA
RECEIVER: IOB, MUMBAI, INDIA
:27: SEQUENCE OF TOTAL 1/1
:40A: FORM OF DOCUMENTARY CREDIT IRREVOCABLE TRANSFERABLE
:20: DOCUMENTARY CREDIT NUMBER EL20088033319
:31C: DATE OF ISSUE 150105
:40E: APPLICABLE RULES UCP LATEST VERSION
:31D: DATE AND PLACE OF EXPIRY 150609 OPENING BANKS COUNTERS
:50: APPLICANT HOT AND SPICY PTE LTD
240 YARROWEE STREET
SEBASTOPOL
VICTORIA, AUSTRALIA 3356
13. MT 707
MT 707 Amendment to a Documentary Credit
Status Tag Field Name
M 20 Sender's Reference
M 21 Receiver's Reference
O 23 Issuing Bank's Reference
O 52a Issuing Bank
O 31C Date of Issue
O 30 Date of Amendment
O 26E Number of Amendment
M 59 Beneficiary (before this amendment)
O 31E New Date of Expiry
O 32B Increase of Documentary Credit Amount
O 33B Decrease of Documentary Credit Amount
O 34B New Documentary Credit Amount After Amendment
O 39A Percentage Credit Amount Tolerance
O 39B Maximum Credit Amount
O 39C Additional Amounts Covered
O 44A Place of Taking in Charge/Dispatch from .../ Place of
Receipt
O 44E Port of Loading/Airport of Departure
O 44F Port of Discharge/Airport of Destination
O 44B Place of Final Destination/For Transportation to.../
Place of Delivery
O 44C Latest Date of Shipment
O 44D Shipment Period
O 79 Narrative
14. MT 707Sender ESSESESS
Message Type 707
Receiver GEBABEBB
Message Text
Sender's Reference :20:DC.IMP 3410/3444
Receiver's Reference :21:NONREF
Date of Issue :31C:030517
Date of Amendment :30:030521
Number of
Amendment
:26E:01
Beneficiary :59:PROQUINAL S.A.
48 RUE DE LA BOURSE
BRUSSELS
New Date of Expiry :31E:030930
Increase of D/C :32B:USD3250,
New D/C Amount :34B:USD34750,
Narrative :79:BILLS OF LADING TO BE ISSUED NOT
LATER THAN 20 SEPTEMBER 2003
16. MT 754 (Advice of Payment,
Acceptance or Negotiation)
ADVISING BANK RECEIVE
PAYMENT
17. MT 754 SAMPLE
Sender DEUTDEMM
Message Type 754
Receiver CHEMUS33
Message Text
Sender's Reference :20:CL934372
Related Reference :21:IMP 693/70224
Principal Amount Paid :32A:030817EUR95000,
Charges Added :73:COMMISSION EUR200,
Total Amount Claimed :34A:030817EUR95200,
Reimbursing Bank :53A:CHEMDEFF
End of Message Text/Trailer
19. MT 700
MT 700
SENDER: ABC BANK, MELBOURNE, AUSTRALIA
RECEIVER: IOB, MUMBAI, INDIA
:27: SEQUENCE OF TOTAL 1/1
:40A: FORM OF DOCUMENTARY CREDIT IRREVOCABLE TRANSFERABLE
:20: DOCUMENTARY CREDIT NUMBER EL20088033319
:31C: DATE OF ISSUE 150105
:40E: APPLICABLE RULES UCP LATEST VERSION
:31D: DATE AND PLACE OF EXPIRY 150609 OPENING BANKS COUNTERS
:50: APPLICANT HOT AND SPICY PTE LTD
240 YARROWEE STREET
SEBASTOPOL
VICTORIA, AUSTRALIA 3356
20. MT 700
:59: BENEFICIARY AACHI MASALA PTY LTD
41, NORTH CAR STREET,
CHENNAI, INDIA-600007
:32B: CURRENCY CODE, AMOUNT AUD 60,000.00
:41D: AVAILABLE WITH ANY BANK BY NEGOTIATION
:42C: DRAFT AT SIGHT
:42A: DRAWEE ABC BANK, MELBOURNE, AUSTRALIA
:43P: PARTIAL SHIPMENTS NOT ALLOWED
:43T: TRANSHIPMENTS ALLOWED
:44E: PORT OF LOADING ANY INDIAN PORT
:44F: PORT OF DISCHARGE ANY AUSTRALIAN PORT
:44C: LATEST SHIPMENT DATE 150525
21. MT 700
:45A: DESCRIPTION OF GOODS MANGO PICKLE, GARLIC PICKLE,
SAMBAR POWDER, RASAM POWDER,
DHAL POWDER AS PER PERFORMA
INVOICE NO 123456.
CFR AUSTRALIA
:46A: DOCUMENTS REQUIRED
1. SIGNED COMMERCIAL INVOICE
2. 3/3 CLEAN ON BOARD BL MADE OUT TO ORDER OF ABC BANK AND MARKED
FREIGHT PREPAID EVIDENCEING NOTIFY PARTY AS APPLICANT.
3. CERTIFICATE OF ORIGIN ISSUED BY LOCAL CHAMBER OF COMMERCE
22. MT 700
:47A: ADDITIONAL CONDITIONS
1. A COPY OF ALL DOCUMENTS TO BE SENT TO APPLICANT WITHIN 5 DAYS AFTER
SHIPMENT DATE
2. THIRD PARTY DOCUMENTS ACCEPTABLE
3. ALL DOCUMENTS TO BE FORWARDED TO ABC BANK, MELBOURNE, AUSTRALIA IN
TWO LOTS BY BLUE DART COURIERS.
4. CHARGES ADDITIONAL TO FREIGHT NOT ACCEPTABLE
5. THIS LC IS TRANSFERRABLE BY INDIAN OVERSEAS BANK, TIRUNELVELI, INDIA
:71B: CHARGES ALL BANK COMMISSIONS AND CHARGES OUTSIDE AUSTRALIA, PLUS
ADVISING AND REIMBURSING COMMISSIONS, ARE FOR THE ACCOUNT OF THE
BENEFICIARY.
:48: PERIOD FOR PRESENTATION DOCUMENTS TO BE PRESENTED WITHIN 15 DAYS
AFTER THE DATE OF SHIPMENT BUT WITHIN THE CREDIT VALIDITY.
:49: CONFIRMATION INSTRUCTIONS WITHOUT
:57A: ADVISE THROUGH BANK INDIAN OVERSEAS BANK, TIRUNELVELI, INDIA
28. DOCUMENTS CHECKING RESULT
1. Clean documents (comply with LC
terms)
2. Discrepanci(es), there’s one or more
discrepant in the documents
according to LC terms. In this case
bank could ask for revision from
exporter OR send the documents and
asking for acceptance to issuing bank
30. After the seller has submitted his documents to the
Bank (for the case of sight bill) or obtained
acceptance on the bill of exchange by the issuing
bank (for the case of term bill), he may request for
bills purchased/discounting to obtain working capital
prior to getting payment from the issuing bank. In the
event of default in payment or documents being
rejected by the issuing bank, the Bank may seek
reimbursement from the seller
FINANCING ON EXPORT
31. 1. Export LC negotiation amount is the amount applied for negotiation
deducted by all the estimated negotiation interest and bank
commissions
2. The tenor of export negotiation starts from the date of negotiation by
the bank and ends by the date the bank receives payment from the
issuing bank. Export negotiation under sight letter of credit shall not
exceed 21 days principally. For usance letter of credit the tenor shall not
exceed five working days after the acceptance date by the issuing
bank
3. The negotiation currency should be the original currency of the draft
under letter of credit
4. The interest rate for export negotiation shall be determined according to
the situation on international financial markets, the funding costs of our
bank and creditworthiness of the issuing bank
NEGOTIATION LC