Please answer your client's question about this LC?

1) Who is the advising bank?

2) Who is the issuing bank?

3) Can importer cancel this LC?

4) Can your client ship the Sodium Sulphate in two shipments? 0.5 MT each

5) Can this order be shipped from Vancouver? How about Montreal? How about New York?

6) Your client needs 6 months to manufacture this order. How do you solve this issue?

7) What party will confirm this LC? Is it mandatory?

8) How much time does the exporter have to present the documents?

9) Does this LC require a Bill of Exchange? Explain based on the payment term

Export Documentary Credit in SWIFT Format

TO: CIBC Toronto

FROM: Royal Bank of Canada , Dubai

REVOCABLE DOCUMENTARY

CREDIT NUMBER: 95968

DATE OF ISSUE: October 10, 2020

DATE AND PLACE OF EXPIRY: 15/03 /2021, Toronto

APPLICANT: DEF Trading, Dubai, UAE

BENEFICIARY: ABC Trading , Toronto

CURRENCY CODE, AMOUNT: CAD 150,000.00

DRAFTS AT: 30 DAYS FROM BILL OF LADING DATE

DRAWEE: CIBC Toronto

PARTIAL SHIPMENT: ALLOWED

TRANSHIPMENT: NOT ALLOWED

LOADING ON BOARD / DISPATCH TAKING IN CHARGE AT/ FROM ANY North American PORT FOR TRANSPORTATION TO Dubai

LATEST DATE OF SHIPMENT: 19/12/2021

DESCRIPTION OF GOODS AND/OR SERVICES: 1 MT of Sodium Sulphate

UNIT PRICE: $100 CAN per KG

CLEAN ON-BOARD OCEAN BILL OF LADING MADE OUT TO THE ORDER OF ISSUING BANK

ALL DOCUMENTS MUST MENTION IMPORT PERMIT#24680

CONFIRMATION REQUIREMENT: ADD YOUR CONFIRMATION