LAST LAYCAN + 1 MONTH

(Eg : Laycan 27-31 Dec, Date expired : 31 Dec + 1 month,

which is 200131, Singapore)

RECOMMENDED DOCUMENTARY LETTER OF CREDIT TEMPLATE FOR CIF/CFR

SHIPMENT IN BULK LIQUIDFIED

MESSAGE TYPE: 700

ADVISING BANK: STANDARD CHARTERED BANK (SINGAPORE) LIMITED

TRADE SERVICES CENTRE

7 CHANGI BUSINESS PARK CRESCENT,

LEVEL 01, TRADE SERVICES

SINGAPORE 486028

SWIFT CODE: SCBLSG22XXX

ISSUING BANK: SUBJECT TO BENEFICIARY'S ACCEPTANCE

40A: FORM OF DOCUMENTARY CREDIT

IRREVOCABLE

20: DOCUMENTARY CREDIT NUMBER

xxxxxx

31C: DATE OF ISSUE

YYMMDD

40E: APPLICABLE RULES

UCPURR LATEST VERSION

31D: DATE AND PLACE OF EXPIRY

YYMMDD, SINGAPORE

50: APPLICANT

(PLEASE QUOTE FULL CONTRACTUAL NAME AND ADDRESS)

59: BENEFICIARY

SHELL EASTERN TRADING (PTE) LTD

THE METROPOLIS TOWER 1, 9 NORTH BUONA VISTA DRIVE, #07-01

SINGAPORE 138588
32B: CURRENCY CODE, AMOUNT

USD (PER CONTRACTUAL AGREEMENT)

39A: PERCENTAGE CREDIT AMOUNT TOLERANCE

05/05

PAGE 1/4

NEED TO WRITEAS "30 DAYSFROM SHIPMENT DATE"

PULAU BUKOM, SINGAPORE

GO DAU PORT, DONG NAI PROVINCE, VIETNAM

LAST LAYCAN + 7 DAYS OR MORE

EG :

COMMODITY : SHELL BITUMEN 60/70

UNIT PRICE : USD 405

INCOTERM 2010 : CFR GO DAU PORT, DONG NAI

PROVINCE, VIETNAM

41 A: AVAILABLE WITH

1. SCBLSG22XXX BY ACCEPTANCE

2. SCBLSG22XXX BY NEGOTIATION

3. SCBLSG22XXX BY PAYMENT (FOR 42C POINT 2 ONLY)

42C: DRAFTS AT

1. XX DAYS FROM SHIPMENT DATE

2. AT SIGHT (FOR 41A POINT 3 ONLY)

42A: DRAWEE

1. SCBLSG22XXX (FOR 41A POINT 1ONLY)

2. ISSUING BANK (FOR 41A POINT 2 ONLY)

3. DRAFT NOT REQUIRED (FOR 41A POINT 3 & 42C POINT 2 ONLY)

43P: PARTIAL SHIPMENTS

ALLOWED

43T: TRANSSHIPMENT

ALLOWED
44A: LOADING ON BOARD/DISPATCH/TAKING IN CHARGE AT/FROM...

NAME OF LOADING PORT, COUNTRY

44B: FOR TRANSPORTATION TO

NAME OF DISCHARGE PORT, COUNTRY _

44C: LATEST DATE OF SHIPMENT

YYMMDD (NOMINATED VESSEL'S LAST LAY CAN DATE PLUS 7 DAYS)

45A: DESCRIPTION OF GOODS AND/OR SERVICES

COMMODITY

UNIT PRICE:

INCOTERM 2010: CIF/CFR PORT OF DISCHARGE, COUNTRY

46A: DOCUMENTS REQUIRED

1. SIGNED COMMERCIAL INVOICE

2. FULL SET OF CLEAN ON BOARD CHARTER PARTY/TANKER BILL OF LADING CONSIGNED TO ORDER OF

ISSUING BANK MARKED FREIGHT PAYABLE AS PER CHARTER PARTY AND NOTIFY APPLICANT.

47A: ADDITIONAL CONDITIONS

1. CHARTER PARTY /TANKER BILLS OF LADING WHICHEVER ISSUED IS ACCEPTABLE

2. COMMINGLING SHIPMENT ALLOWED.

3. DOCUMENTS PRESENTED LATER THAN 21 DAYS AFTER B/L DATE ACCEPTABLE BUT WITHIN THE

VALIDITY OF THIS CREDIT

PAGE 2/4

4. FIVE PERCENT MORE OR LESS ON QUANTITY AND VALUE ARE ACCEPTABLE.

5. ALL SHIPPING DOCUMENTS SHOWING ADDITIONAL INFORMATION AS TO THE DESCRIPTION OF

GOODS IS ACCEPTABLE.

6. ALL DISCREPANCIES AND TYPOGRAPHICAL ERRORS NOT AFFECTING THE QUANTITY, AMOUNT AND

NAME OF APPLICANT ARE ACCEPTABLE.

7. CONFIRMATION TO THIS CREDIT BY BENEFICIARY'S NOMINATED BANK IS ALLOWED AND COST TO

THAT EFFECT FOR BENEFICIARY'S ACCOUNT.

8. IN THE EVENT OF ORIGINAL SHIPPING DOCUMENTS ARE NOT AVAILABLE WHEN PRESENTATION IS TO

BE MADE, THEN PAYMENT IS TO BE EFFECTED AGAINST PRESENTATION OF SIGNED/COPY COMMERCIAL

INVOICE AND BENEFICIARY'S STANDARD LETTER OF INDEMNITY FOR MISSING DOCUMENTS

STIPULATED IN THIS SAID LETTER OF CREDIT.

9. TT REIMBURSEMENT IS ALLOWED AND SUBJECT TO LATEST URR725.

10. PAYMENTS MUST BE MADE BY TELEGRAPHIC TRANSFER FREE OF ALL CHARGES INTO THE

BENEFICIARY'S NOMINATED BANK.

11. IF PAYMENT FALLS DUE ON A SATURDAY OR NON-MONDAY BANK HOLIDAY IN NEW YORK, USA,

THEN PAYMENT SHALL BE MADE ON THE IMMEDIATE PRECEDING BANKING DAY. IF PAYMENT FALLS

DUE ON A SUNDAY OR MONDAY BANK HOLIDAY IN NEW YORK, USA, THEN PAYMENT SHALL BE MADE

ON THE IMMEDIATE FOLLOWING BANKING DAY.

12. ALL PAYMENTS MADE UNDER THIS LETTER OF CREDIT SHALL BE MADE FREE AND CLEAR OF, AND

WITHOUT DEDUCTION OR WITHHOLDING FOR OR ON ACCOUNT OF ANY TAX WHATSOEVER. IN THE

EVENT ANY SUCH DEDUCTION OR WITHHOLDING IS APPLICABLE TO ANY PAYMENT MADE OR TO BE

MADE UNDER THIS LETTER OF CREDIT, WE WILL PAY SUCH ADDITIONAL AMOUNT OR AMOUNTS SO AS

TO ENSURE THAT THE NET AMOUNT RECEIVED BY THE BENEFICIARY WILL BE EQUAL TO THE FULL

AMOUNT WHICH THE BENEFICIARY WOULD HAVE RECEIVED HAD NO SUCH DEDUCTION OR

WITHHOLDING BEEN MADE OR REQUIRED TO BE MADE.

13. THE CONSTRUCTION, PERFORMANCE AND VALIDITY OF THIS LETTER OF CREDIT SHALL BE

GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH SINGAPORE LAW. ANY CLAIM OR DISPUTE

ARISING OUT OF OR IN CONNECTION WITH THIS LETTER OF CREDIT SHALL BE REFERRED TO AND

FINALLY RESOLVED BY ARBITRATION IN SINGAPORE IN ACCORDANCE WITH THE RULES OF THE

SINGAPORE INTERNATIONAL ARBITRATION CENTRE FOR THE TIME BEING IN FORCE WHICH RULES

ARE DEEMED TO BE INCORPORATED BY REFERENCE INTO THIS PARAGRAPH. THE TRIBUNAL SHALL

CONSIST OF ONE (1) ARBITRATOR.THE LANGUAGE OF THE ARBITRATION SHALL BE ENGLISH.

JUDGMENT UPON ANY AWARD RENDERED BY SIAC MAY BE ENFORCED IN ANY COURT OF

COMPETENT JURISDICTION.

71D: CHARGES

ALL BANK CHARGES INCURRED BY BENEFICIARY'S BANK FOR BENEFICIARY'S ACCOUNT. ALL OTHER

BANK CHARGES INCURRED BY APPLICANT'S BANK FOR APPLICANT'S ACCOUNT,

INCLUDING BUT NOT LIMITED TO ACCEPTANCE COMMISSION, REIMBURSING CHARGES AND LETTER OF
CREDIT AMENDMENT

49: CONFIRMATION INSTRUCTIONS

CONFIRM

PAGE 3/4

53A: REIMBURSING BANK

(EXAMPLE: SCBLUS33

STANDARD CHARTERED BANK

NEW YORK, NY)

58A: REQUESTED CONFIRMATION PARTY

STANDARD CHARTERED BANK (SINGAPORE) LIMITED

78: INSTRUCTIONS TO THE PAYING/ACCEPTING/NEGOTIATING BANK

THE NEGOTIATING BANK IS AUTHORIZED TO CLAIMS REIMBURSEMENT FROM REIMBURSING BANK

MENTIONED AT 53A. REIMBURSEMENT IS SUBJECT TO UNIFORMS RULES FOR BANK-TO- BANK

REIMBURSEMENTS INTERNATIONAL CHAMBER OF COMMERCE PUBLICATION NO.725.

72Z: SENDER TO RECEIVER INFORMATION

THIS DOCUMENTARY CREDIT IS SUBJECT TO UCPURR LATEST VERSION AS AT THE DATE OF LC ISSUE.

**END OF LETTER OF CREDIT MESSAGE

**

ADDITIONAL CONDITIONS MAYBE INCORPORATED IN THE LETTER OF CREDITAS APPROPRIATE WITH

BENEFICIARY'S CONSENT PRIOR TO ANY LETTER OF CREDIT ISSUANCE

1) THE PRINCIPAL AMOUNT OF THIS LETTER OF CREDIT WILL INCREASE/DECREASE AUTOMATICALLY

EVEN ABOVE/BELOW STIPULATED LIMITS WITHOUT FURTHER AMENDMENT ACCORDING TO THE

ACTUAL QUANTITY DELIVERED UNDER THE CONTRACT FOR SALE OF PETROCHEMICALS AND/OR

RELATED PRODUCTS MENTIONED IN THIS LETTER OF CREDIT

2) CERTIFICATE OF INSURANCE IN ONE ORIGINAL AND TWO COPIES COVERING INSTITIUTE CARGO

CLAUSES (A), INSTITUTE STRIKE CLAUSES (CARGO), INSTITUTE WAR CLAUSES (CARGO) FOR THE CIF

VALUE PLUS 10 PERCENT. INSURANCE CLAIMS PAYABLE AT DESTINATION (FOR CIF SALES ONLY)

3) SHIPPING COMPANY OR THEIR AGENT'S CERTIFICATE CERTIFYING THAT THE VESSEL IS SEAWORTHY.

(FOR CFR SALES ONLY)

PAGE 4/4