ECS101 080416

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SWIFT INPUT: FIN 760 GUARANTEE,/STDBY LETTER CREDIT
SENDER: WISMATWWXXX
RECEIVER: XXXXXXXXXXXXXXX
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: 27: SEQUENCE OF TOTAL:
1/1
: 20: TRANSACTION REFERENCE NUMBER:
XXXXXXXXXXXX
: 23: FURTHER IDENTIFICATION:
ISSUE
: 30: DATE:
DD.MMM.2016
: 40C: APPLICABLE RULES
OTHR/UCP LATEST VERSION
: 77C: DETAILS OF GUARANTEE
TYPE OF SBLC: IRREVOCABLE STANDBY LETTER OF CREDIT
.
APPLICANT:
XXXXXXXXXX
.
ON BEHALF OF:
EXPRESS COMMODITIES SARL,
BAIRRO DE QUELELE, BISSAU, GUINEA BISSAU
.
BENEFICIARY:
MIDAS EXIM
19/1 OLD NO9-8-10B OLD MILK SOCIETY STREET
BODINAYAKKAN PATTI VADIPATTITALUK T VADIPATTI
MADURAI TAMIL NAIDU, INDIA
.
ADVISING BANK:
AXIS BANK LIMITED
CHELLAM BAPPUSAMY HALL 80 FEET ROAD, K.K. NAGAR,
MADURAI, INDIA
SWIFT CODE: AXISINBB109
.
AMOUNT: USD 700,000.00 (UNITED STATES DOLLARS SEVEN HUNDRED
THOUSAND ONLY)
.
EXPIRY DATE AND PLACE: DD.MMM.2016 / AT OUR COUNTERS, IN VIENNA
.
WE, BANK WINTER + CO. AG, VIENNA, AUSTRIA, HEREBY IRREVOCABLY AND
UNCONDITIONALLY (EXCEPT AS STATED HEREIN BELOW) WITHOUT PROTEST OR
NOTIFICATION PROMISE TO PAY AGAINST THIS STANDBY LETTER OF CREDIT
NO. XXXXXXXXXXXX IN FAVOR OF MIDAS EXIM, 19/1 OLD NO9-8-10B OLD
MILK SOCIETY STREET BODINAYAKKAN PATTI VADIPATTITALUK T VADIPATTI,
MADURAI TAMIL NAIDU, INDIA (HEREIN AFTER REFERRED TO AS
BENEFICIARY) ISSUED BY THE ORDER OF XXXXXXXXX (HEREIN AFTER
REFERRED TO AS THE APPLICANT) ON BEHALF OF EXPRESS COMMODITIES
SARL, BAIRRO DE QUELELE, BISSAU, GUINEA BISSAU (HEREIN AFTER
REFERRED TO AS BUYER/PARTY) THE SUM OF USD 700,000.00 (UNITED
STATES DOLLARS SEVEN HUNDRED THOUSAND ONLY) COVERING THE SALE OF
INDIAN WHITE RICE AS PER THE SALES + PURCHASE AGREEMENT
MID/RICE/1021 SIGNED ON 01.AUG.2016 UPON PRESENTATION OF AN
 ECS101 080416

AUTHENTICATED COPY OF THIS STANDBY LETTER OF CREDIT AT OUR COUNTERS

IN VIENNA, ON EXPIRY DATE I.E., DD.MMM.2016 BUT NOT EARLIER THAN
FIFTEEN (15) DAYS BEFORE EXPIRY DATE (DD.MMM.2016) ACCOMPANIED BY
APPLICANT’S CONFIRMATION OF FULFILLMENT OF THE OBLIGATIONS BY
BENEFICIARY TOWARDS BUYER/PARTY SENT BY US VIA AN AUTHENTICATED
SWIFT TO BENEFICIARY THROUGH ADVISING BANK.
THIS SWIFT MESSAGE WILL BE ISSUED ONLY, UPON RECEIPT OF APPLICANT’S
ACCEPTABLE INSTRUCTIONS AND APPLICANT’S FULFILLMENT OF OBLIGATION
TOWARDS THE ISSUING BANK.
.
SUCH PAYMENT SHALL BE MADE WITHOUT SET-OFF AND CLEAR OF ANY
DEDUCTIONS, CHARGES, FEES OR WITHHOLDINGS OF ANY NATURE, NOW OR
HEREINAFTER IMPOSED, LEVIED, COLLECTED, WITHHELD OR ASSESSED BY THE
GOVERNMENT OF THE ISSUING BANK OR ANY POLITICAL SUBDIVISION OR
AUTHORITY THEREOF OR THEREIN.
.
THIS STANDBY LETTER OF CREDIT IS SUBJECT TO UNIFORM CUSTOMS AND
PRACTICE FOR DOCUMENTARY CREDIT (LATEST REVISION) INTERNATIONAL
CHAMBER OF COMMERCE PUBLICATION NO.: 600
.
THIS IS AN OPERATIVE INSTRUMENT NO MAIL CONFIRMATION WILL FOLLOW.
.