World Business Organization

Produced By Rahbaran P.Co 1382/8

 How?
When?

NEGOTIATION

BUYER SELLER

( Tissot co. ) ( IPCC )

 World Business Organization
STATISTIC & INFORMATION COMMISSION
TRANSPORTATION COMMISSION
COMMERCIAL COMMISSION
LAW COMMISSION
INSURANCE COMISSION
BANKING COMMISSION
 BANKING COMMISSION

Uniform customs & practice for documentary credit ( UCP )

Uniform rules for collections ( URC )

International standby practices (ISP98)

Uniform rules for reimbursement (URR)

Uniform rules for demand guarantee (URDG)

 PAYMENT METHODS
1 ) Open Account Trade
Time Draft
2 ) Full Advance Payment

3-1 ) Clean Draft Sight Draft

Documents Against
3 ) Collection Payment (D/P)

3-2 ) Documentary Draft Documents Against

Acceptance (D/A)

4 ) Different Types Of The Documentary Credit

5 ) Mixed
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 EMARK
Commercial Documentary Credit Includes 20 Types

10
1 ))Revocable
Red ClauseorL/C
Irrevocable L/C
11
2 ))Confirmed
Hand - on L/C
Or UNconfirmed L/C
12
3 ))Sight
Transit
OrL/C
Deferred Or Acceptance Or Negotiable L/C
13
4 ))Sight
Importation L/C L/C
Or USANCE
14
5 ))Operative
Exportation
OrL/C
Non operative L/C
15
6 ))Back
Negotiable L/CL/C
To Back
16
7 ))Counter
Foreign L/C
Exchange Or RIAL L/C
17
8 ))Revolving
Inner L/CL/C
9 ) Transferable Or Non Transferable L/C
 BEGINNING OF MESSAGE

Own Address Bank Melli Iran Tehran Hafez Br.

Input Message Type 700
Sent To COMMERZ Bank AG BONN

Swift Message
MT :700 Issue Of a Documentary Credit

Sender : MELIIRTHHBR
Receiver : COBADEFFX380
 MESSAGE TEXT
27 Sequence Of Total
1/1
40A Form Of Documentary Credit
Irrevocable
20 Documentary Credit Number
256 / 82203144
31C Data Of Issue
030926
31D Date And Place Of EXPIRY
031228 Germany
50 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 Partial Shipment
Allowed
43T Tran shipment
Not Allowed
44A Onboard /DISP / Taking Charge
Germany
44B 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 BNF’s 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 BNF’s 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 CHART

Contract I` Beneficiary
Applicant Peugeot co.
Irankhodro

L/C Text
III
act
Contract II

o ntr
C

Issuing Bank
L/C Text Nominated Bank
Bank Melli Iran
Saadi BR. Paribas Bank
Paris BR.
 CONFIRMATION L/C CHART

Applicant
Contract I Beneficiary
Shtaff
IPCC

L/C Text
Contract II

t III
nt rac
Co

Contract V
Issuning Bank L/C Text Nominated Bank
Bank Of Nepal Bank Tejarat
Katmando BR. Petrochimi BR.

Co
ntra
ct
IV
Confirming Bank
Credit Swiss Bank
Loozan BR.
 SILENT CONFIRMATION L/C CHART

Applicant Contract I Beneficiary Co

ntra
Indian Co IPCC ct
IV
Confirming
Bank
Bank BNP
Contract II

L/C Text
III

Dubai BR.
ct
tra
n
Co

Nominated Bank
L/C Text Bank Tejarat
Issuing Bank Petrochimi BR.
Habib Bank
Bombai BR.
 GENERAL CHART

Applicant Contract I Beneficiary

Tissot Co IPCC

L/C Text
I
Contract I

III
ct
ra
o nt
C

Issuing Bank
Commerz Bank L/C Text Nominated Bank
Madrid BR. Bank Tejarat
Petrochimi BR.