You are a Documentary Credit specialist at an advising bank and receive the attached documentation t

oday. The following questions relate to a documentary credit issued on the MT700.

INCOMING SWIFT MSG 700

FROM ISSUINC BANK

TO ADVISING BANK

MESSAGE USER REFERENCE 57665602

27: SEQUENCE OF TOTAL 1/1

40A: FORM OF DOCUMENTARY CREDIT IRREVOCABLE

20: DOCUMENTARY CREDIT NUMBER 9876543210

31C: DATE OF ISSUE 06 MARCH ××××

40E: APPLICABLE RULES UCP LATEST VERSION

31D: DATE AND PLACE OF EXPIRY 06 NOVEMBER ×××× USA

50: APPLICANT XYZ CO

59: BENEFICIARY ABC CO

32B: CURRENCY AND AMOUNT USD 1,000,000.00

41D: AVAIL WITH/BY ISSUING BANK BY ACCEPIANCE

42C: DRAFTS AT 120 DAYS SIGHT

42D: DRAWEE ISSUING BANK

43P: PARTIAL SHIPMENTS PROHIBITED

43T: TRANSHIPMENTS PROHIBITED

44C: LATEST DATE FOR SHIPMENT 06 OCTOBER ××××

44E: PORT OF LOADING/AIRPORT OF

DEPATURE MUMBAI, INDIA

44F: PORT OF DISCHARGE/AIRPORT

OF DESTINATION SAO PAULO

45A: DESCRIPTION OF GOODS ABOUT 1,000,000 PIECES OF

FROZEN CHICKEN LEGS AT

ONE DOLLAR PER PIECE CIF

46A: DOCUMENTS REQUIRED

+ SIGNED COMMERCIAL IN-

VOICE IN THREE FOLD

+ PACKINC LIST IN THREE

FOLD

+ CERTIFICATE OF ORIGIN

N 1 COPY

+ BENEFICIARIES CERTIFI-

CATE STATING THAT FROM

THE DOCUMENTS REQUIRED

UNDER THIS CREDIT THE FOL-

LOWING HAVE BEEN FOR-

WARDED TO THE XYZ COMPA-

NY WITHIN FIVE DAYS AFTER

THE SHIPMENT

DATE: COMMERCIAL INVOICE

ONE COPY CERTFICATE OF

ORIGIN ONE COPY INSURANCE

CERTIFICATE ONE ORIGINAL

BILL OF LADING

+ INSURANCE POLICY COV-

ERING ALL RISKS ISSUED IN

TWO ORIGINALS

+ FULL SET OF BILLS OF

LADING CONSICNED TO OR-

DER OF APPLICANT MARKED

FREIGHT PAID.

47A: ADDITIONAL CONDITIONS 1. BENEFICIARY MUST PRO-

VIDE APPLICANT WITH DE-

TAILS OF SHIPMENT

2. SHIPMENT MUST BE MADE

ON VESSEL BUTTERF LY

3. GOODS MUST BE INSPECT-

ED BY APPLICANT PRIOR TO

SHIPMENT

4. GOODS MUST BE OF INDI-

AN OR CHINESE ORIGIN

48: PERIOD FOR PRESENTATION WITHIN 20 DAYS AFTFR THE

DATE OF SHIPMENT BUT

WITHIN CREDIT VALIDITY

49: CONF INSTRUCTIONS CONFIRM

78: INSTRUCTIONS ON RECEIPT OF DOCUMENTS

BY US IN COMPLIANCE WITH

THE CREDIT WE WILL REIM-

BURSE YOU IN ACCORDANCE

WITH YOUR INSTRUCTIONS

AT MATURITY