ANNEX A

1) Advising Bank

BANK MANDIRI (PERSERO), PT

12190 JAKARTA
INDONESIA
SWIFT CODE: BMRIIDJA

2) Beneficiary

PT. ABSAR GEMILANG ABADI

INDONESIA

3) Applicant

M/S GLENTECH EXIM LIMITED

SUITE 909,9F,OFFICE TOWER TWO,GRAND PLAZA,
625& 639,NATHAN ROAD,MANGKOK,
KOWLOON, HONG KONG

4) Applicant Bank - (Name & Address)

SWIFT CODE: ICICHKHHXXX

ICICI BANK HONG KONG
UNIT 1504B-1505, LEVEL 15, INTERNATIONAL COMMERCE CENTRE,
1 AUSTIN ROAD WEST, KOWLOON, HONG KONG.
BY NEGOTIATION
ANNEX B

:27: SEQUENCE OF TOTAL

1/1

:40A: FORM OF DOCUMENTARY CREDIT

IRREVOCABLE, TRANSFERABLE

:20: DOCUMENTARY CREDIT NUMBER

XXXX

:31C: DATE OF ISSUE

XX XXXXXX 2019

:40E: APPLICABLE RULES

UCPURR LATEST VERSION

:31D: DATE AND PLACE OF EXPIRY

XX XXXXXX 2019 INDONESIA

:51D APPLICANT BANK - (NAME & ADDRESS)

SWIFT CODE: ICICHKHHXXX
ICICI BANK HONG KONG
UNIT 1504B-1505, LEVEL 15, INTERNATIONAL COMMERCE CENTRE,
1 AUSTIN ROAD WEST, KOWLOON, HONG KONG.
BY NEGOTIATION

:50: APPLICANT
GLENTECH EXIM LIMITED
SUITE 909, 9/F, OFFICE TOWER TWO, GRAND PLAZA,.
625 & 639 NATHAN ROAD, MANGKOK, KOWLOON, HONG KONG

:59: BENEFICIARY
PT. ABSAR GEMILANG ABADI
INDONESIA
:32B: CURRENCY CODE, AMOUNT
USD 6,650,000.00

:41D: AVAILABLE WITH...BY...

ANY BANK
BY NEGOTIATION

:42C: DRAFTS AT ...

AT SIGHT FOR 100% INVOICE VALUE

:43P: PARTIAL SHIPMENTS

NOT ALLOWED

:43T: TRANSHIPMENT
NOT ALLOWED

: 44C: LATEST DATE OF SHIPMENT

SEPTEMBER 2019

: 44E: PORT OF LOADING /AIRPORT OF DEPARTURE

DUMAI, INDONESIA

: 44F: PORT OF DISCHARGE/AIRPORT OF DESTINATION

DEENDAYAL (KANDLA), INDIA
:45A: DESCRIPTION OF GOODS AND/OR SERVICES
COVERING SHIPMENT OF 14,000 MT OF CRUDE PALM OIL (EDIBLE GRADE) IN BULK

46A: DOCUMENTS REQUIRED.

1. SIGNED COMMERCIAL INVOICE IN 1 ORIGINAL AND TWO COPIES, QUOTE GOODS ARE FREELY IMPORTABLE
UNDER FOREIGN TRADE POLICY 2015-2020 AND ALSO DECLARE THAT THIS CONSIGNMENT DOES NOT
CONTAIN BEEF IN ANY FORM AND CERTIFYING GOODS OF ORIGIN.

2. FULL SET (3 ORIGINALS/3 NN) CLEAN ‘ON BOARD’ TANKER BILLS OF LADING MADE OUT
TO ORDER OF ICICI BANK LIMITED WITH NOTIFY PARTY AS APPLICANT AND MARKED ‘FREIGHT PAYBLE’
EVIDENCING SHIPMENT OF GOODS DESCRIBED ABOVE.

3. ONE SET OF NON NEGOTIABLE DOCUMENTS TO BE SENT TO APPLICANT DIRECTLY BY E-MAIL AFTER
SHIPMENT.
4. CERTIFICATE OF WEIGHT AND QUALITY CERTIFY SHIPPED WEIGHT AND SHIPPED QUALITY ISSUED BY
INDEPENDENT SURVEYOR (SGS OR SUCOFINDO) IN DUPLICATE.
5. CERTIFICATE OF TANK CLEANLINESS ISSUED BY INDEPENDENT SURVEYOR (SGS OR SUCOFINDO) IN
DUPLICATE.
6. CERTIFICATE FROM SHIPPING COMPANY OR ITS AGENT OR BENEFICIARY TO THE EFFECT THAT THE
CARRYING VESSEL IS REGISTERED AND APPROVED CLASSIFICATION AS LLYODS OR ITS EQUIVALENT
CLASSIFICATION AND THE VESSEL IS SEAWORTHY AND NOT MORE THAN 25 YEARS OLD.

:47A: ADDITIONAL CONDITIONS:-

1. UNIT PRICE FOR 14,000MT AT USD 475 PER METRC TON FOB DUMAI PORT INDONESIA AS PER THE
CONTRACT No. XXXXXXXXXXXXX.
2. THIRD PARTY DOCUMENTS ACCEPTABLE EXCEPT FOR INVOICE AND DRAFT
3. COMMINGLING CARGO OF THE SAME GRADE IS OIL IS ALLOWED.
4. ALL DOCUMENTS ARE TO BE PRESENT IN ONE LOT.
5. INSURANCE TO BE COVERED BY ULTIMATE END BUYER.
6. SPECIFICATION: FFA (AS PALMITIC) : 4.5 PCT MAX, M&I : 0.50 PCT MAX,
7. QUANTITY OF EACH BILL OF LADING MUST NOT BE MORE THAN 250 METRIC TONNES
8. ALL APPARENT SPELLING ERROR ACCEPTABLE EXCEPT ON DESCRIPTION OF GOODS, UNIT PRICE,
TOTAL VALUE AND QUANTITY.
9. TOLERANCE ALLOWED WITH 3%MORE OR LESS ON AMOUNT AND QUANTITY IS ACCEPTABLE.
10. CHARTER PARTY/ TANKER/ BILL OF LADING ARE ACCEPTABLE.
11. TRADE TERM IS ON FOB MV BASIS, BILL OF LADING MARKED 'FREIGHT PAYBLE' ACCEPTABLE
ASFREIGHT CHARGES WILL BE SETTLED OUTSIDE L/C TERMS BY APPLICANT (BUYER)

:48: PERIOD FOR PRESENTATION

DOCUMENTS MUST BE PRESENTED TO THE NEGOTIATING BANK NOT LATER THAN 21 DAYS AFTER
DATE OF B/L BUT WITHIN VALIDITY OF THE CREDIT.

:49: CONFIRMATION INSTRUCTIONS

WITHOUT

:78:(Instructions to the paying/Accepting/Negotiating Bank):

COMPLYING PRESENTATION OF DOCUMENTS TO BE FORWARDED TO US AT ICICI BANK HONG KONG, UNIT

1504B-1505, LEVEL 15, INTERNATIONAL COMMERCE CENTRE, 1 AUSTIN ROAD WEST, KOWLOON, HONG KONG
BY AN APPROVED COURIER. WE WILL REIMBURSE TO NEGOTIATING BANK IN ACCORDANCE WITH THEIR
SUCH INSTRUCTIONS AS ALSO AS PER OUR USD CORRESPONDENT.

IN CASE OF DISCREPENCY FEE OF EQUIVALENT USD 80.00 SHALL BE LEVIED FOR PRESENTATION AND THE
SAME SHALL BE DEDUCTED FROM THE BILL PROCEEDS.EXCEPT AS OTHERWISE EXPRESSLY STATED THIS
DOCUMENTARY CREDIT IS SUBJECT TO UCP REVISION 2007 ,ICC PUB NO. 600
: 57A: ‘ADVISING THROUGH’ BANK - FI BIC
BANK MANDIRI (PERSERO), PT
12190 JAKARTA
INDONESIA
SWIFT CODE: BMRIIDJA