arrendamiento bg

Borrower’s Procedures – a Broker´s Fantasy

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Okay this is going to be a very brief and straightforward post. Several times we receive email inquiries from supposed “borrowers and or brokers” trying to dictate a procedure for bank instrument transactions or loan.
More often than not, these so called “borrowers” are nothing more than unscrupulous intermediaries trying to get in the middle of a transaction by listing their “procedure”. I have yet to see a single bank or other reputable financial institution who will even consider looking at a customers “procedures”; that is just a broker’s fantasy. You either follow the lender’s procedures or you get nothing, that is the reality of the financial markets.
If a lender has not set procedures for loans or bank instruments, then most probably they are not a real lender, most probably they are just intermediaries sweeting your ear so you not go away until they find something close to what you as a borrower are looking for.
So if you are really looking for financing, BG or SBLC, instead of wasting time trying to impose your terms/procedure to loan lenders and bank instrument providers, try to see who is real and who is not, and then try to choose from them whatever is more convenient to you. No loan lender or bank instrument provider is going to do your procedure simply because you have been scammed before. Yes we get lost of stories like this: I HAVE BEEN SCAMMED BEFORE, SO NOW IT IS GOING TO BE MY TERMS/PROCEDURE ONLY. Its sad you have been scammed and we are sorry about it, but hey no bank or genuine provider/lender is going to do your terms and procedures simply because you have been scammed. Ignorance is no excuse. You as the borrower has a need and so you cannot dictate terms. You simply cannot get anything out of a bank by trying to impose your conditions? The golden rule in lending is quite simple “He who has the gold, RULES!”
DL Financial Limited are genuine and reliable providers of loan, international project funders, Lease bank guarantee providers & providers of sblc, dlc and letters of credit.  Others Talk, but DL Financial Delivers. So its time you became a customer of DL Financial Ltd so you can feel the difference.
Skype: dl.financials.limited
NOTICE: Brokers are 100% welcomed and protected. Our brokers are paid handsome commission for every successful transaction. If you want to be our broker or company representative kindly send us email for more information.
bank guarantee provider     Genuine SBLC provider      bank guarantee providers      Genuine Loan provider

We Are Helping Bank Guarantee Brokers Bank Big Deals

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Bank Guarantee Brokers…. If you want to earn big commissions work with a company like DL Financial Limited that delivers without stories! Too many brokers waste time and money chasing dreams of big deals with service providers that NEVER deliver and as a result they NEVER get paid and end up with NOTHING.

Rule #1 to getting paid on Big Deals, work with a company that performs!

DL Financial Ltd pays attractive commissions and ALWAYS protects Brokers. Please read the Top 11 Reasons Why DL Financial Limited is #1 and Review our Broker Agreement or contact us via email for more information. 

We look forward to working with you!

DL Financial Ltd- Brokers

DL Financial Limited are genuine and reliable providers of loan, international project funders, Lease bank guarantee providers & providers of sblc, dlc and letters of credit.  Others Talk, but DL Financial Delivers. So its time you became a customer of DL Financial Ltd so you can feel the difference.
Kindly contact us today for all your financial needs.
Skype: dl.financials.limited
NOTICE: Brokers are 100% welcomed and protected. Our brokers are paid handsome commission for every successful transaction. If you want to be our broker or company representative kindly send us email for more information.
DL Financial bank guarantee provider     DL Financial Genuine SBLC provider      DL Financial DLC provider      top world lc provider

Is Bank Guarantee (BG) Better than Standby Letter of Credit (SBLC)

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Bank Guarantees and SBLC (Standby Letter of Credit) are both financial instruments but each has a very different financial purpose. Most banks can issue either a Bank Guarantee or an SBLC so we are often asked by clients which one is better?

If your primary purpose is to have your Bank Guarantee or SBLC monetized, discounted or funded so you receive the most amount of cash from the instrument as possible…. Then a BANK GUARANTEE will be BETTER!

The reason is funders who monetize Bank Guarantees and SBLC (Standby Letter of Credit) prefer Bank Guarantees and generally pay MORE for Bank Guarantees than they do for SBLCs. LTV (Loan to Value) ratios on Bank Guarantees tend to be higher than SBLCs so if your sole goal is to maximize the monetized return from your financial instrument, request a Bank Guarantee Not an SBLC.

DL Financial Limited are genuine and reliable providers of loan, international project funders, Lease bank guarantee providers & providers of sblc, dlc and letters of credit.  Others Talk, but DL Financial Delivers. So its time you became a customer of DL Financial Ltd so you can feel the difference.
Kindly contact us today for all your financial needs.
Skype: dl.financials.limited
NOTICE: Brokers are 100% welcomed and protected. Our brokers are paid handsome commission for every successful transaction. If you want to be our broker or company representative kindly send us email for more information.
DL Financial bank guarantee provider     DL Financial Genuine SBLC provider      DL Financial DLC provider      top world lc provider

Proveedores genuinos de crédito, proveedores de aval bancario, BG, SBLC arrendamiento y financiadores de proyectos

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Somos proveedores de préstamo, financiamiento de proyectos, garantía bancaria, arrendar SBLC.

proveedor de arrendamiento Garantía Bancaria, top proveedor bg mundo, el arrendamiento de BG, cartas genuinas de los proveedores de crédito, financiación SBLC, proveedores dlc, los mejores proveedores de instrumentos bancarios, préstamos para pymes

financiación de proyectos contra SBLC, top proveedor SBLC mundo, top proveedor lc mundo, los mejores cartas de proveedor de crédito

proveedores de préstamos, préstamos para las PYME, los proveedores de garantía bancaria, la financiación de proyectos SBLC,

los prestamistas internacionales de préstamo de negocios, arrendamiento bg, arrendar instrumentos bancarios

Sr. Laurent De Landtsheer
Skype: dl.financial.limited
Sitio web: http://www.dlflimited.net/
Blog: https://dlfinancial.wordpress.com
CORREO ELECTRÓNICO: info@dlflimited.net O credit.finance2012@gmail.com

IMPORTANTE: LEA LAS RAZONES PRINCIPALES POR QUÉ SOMOS LOS MEJORES Y MÁS FIABLES PROVEEDORES DE PRÉSTAMO, financiamiento de proyectos, BG y SBLC debe leer!

https://dlfinancial.wordpress.com/2015/10/20/top-reasons-why-we-are-the-best-providers-of-loan-project-finance-and-bgsblc-in-the-world/

Sr. Laurent De Landtsheer
Skype: dl.financial.limited
Sitio web: http://www.dlflimited.net/
Blog: https://dlfinancial.wordpress.com
CORREO ELECTRÓNICO: info@dlflimited.net O credit.finance2012@gmail.com

IMPORTANTE: LEA LAS RAZONES PRINCIPALES POR QUÉ SOMOS LOS MEJORES Y MÁS FIABLES PROVEEDORES DE PRÉSTAMO, financiamiento de proyectos, BG y SBLC debe leer!

https://dlfinancial.wordpress.com/2015/10/20/top-reasons-why-we-are-the-best-providers-of-loan-project-finance-and-bgsblc-in-the-world/

Lease bank Instruments (Letters of Credit, Bank Guarantee, SBLC, DLC)

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FL Financial genuine Bank Guarantee provider

We are direct providers of freshly cut bank instruments like BG (Bank Guarantee), MTN’s (Medium Term Note), SBLC (Standby Letter of Credit) & DPLC’s (Direct Pay Letter of Credit) CD’s (Certificate of Deposit),  and just about every other type of financial instruments available through our network.

ALL OUR BG, SBLC AND LETTERS OF CREDIT ARE ISSUED BY TOP PRIME AAA RATED BANKS LIKE BARCLAY’S BANK LONDON, DEUTSCHE BANK AG GERMANY, HSBC, STANDARD CHARTERED BANK ETC.

  • Bank Guarantee (BG) in US$ or Euros
  • Standby Letter of Credit (SBLC) in US$ or Euros
  • Medium Term Notes (MTN’s) in US$ or Euros
  • Treasury Bills (T-Bill) in US$ or Euros
  • Documentary Letter of Credit (DLC, SLC, LC) in US$ or Euros
  • Promissory Notes in US$ or Euros
  • Discounting of Bank Instruments

 

Our bank instruments can be engaged in PPP Trading, Discounting, signature project(s) such as Aviation, Agriculture, Petroleum, Telecommunication, construction of Dams, Roads, Bridges, Hospitals, Hotels, Condo, Real Estate and all kind of international business trading including oil/gas business, diesel, Gold Dust, Gold Bars, Rough Diamonds etc.

Below is our detailed terms and procedure for BG/SBLC.
Description of Instruments:

1. Instrument:             Bank Guarantee (BG) /StandBy Letter of Credit (SBLC)
2. Total Face Value:      Eur/USD 1Million (Min) to Eur/USD 50Billion (Max)
3. Issuing Bank:            Barclays Bank, HSBC, Lloyds Bank London, Standard Chartered Bank, Deutsch Bank AG,  Frankfurt  or any AA Rated Bank.
4. Age:                       One Year and  One Day
5. Leasing Price:           4% of Face Value a plus 2% brokers commission (1% for the lessee side and 1% for the lessor side, PLEASE NOTE, THIS BROKERS COMMISSION COMES INTO EFFECT ONLY IF THERE ARE BROKERS INVOLVED IN THE TRANSACTION)
6. Delivery:                  Bank-To-Bank Swift.
7. Payment:                 Wire Transfer
8. Hard Copy:               Bonded Courier within 7 banking days.

DL Financial Limited are genuine and reliable providers of loan, international project funders, Lease bank guarantee providers & providers of sblc, dlc and letters of credit.  Others Talk, but DL Financial Delivers. So its time you became a customer of DL Financial Ltd so you can feel the difference.
Kindly contact us today for all your financial needs.
Skype: dl.financials.limited
NOTICE: Brokers are 100% welcomed and protected. Our brokers are paid handsome commission for every successful transaction. If you want to be our broker or company representative kindly send us email for more information.
                 

Gunmen take 170 people hostage at a Radisson hotel in Mali

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Gunmen stormed a hotel on Friday (Nov. 20) in the Malian capital of Bamako and held 140 guests and 30 staff members hostage, with at least three people reportedly killed.

Malian security forces, assisted by US special forces based in the region, subsequently stormed the hotel, and 80 of the hostages managed to escape.

“Our special forces have freed hostages and 30 others were able to escape on their own,” Salif Traore, Mali’s security minister, told AFP. The death toll is likely to rise, with reports of many bodies in the hotel.In a statement at 13:45 CET (7:45am ET), the owner of the hotel said 125 guests and 13 employees are still in the building.

“The police and security forces helped us get out the building. There are still lots of people in there. I also saw bodies in the lobby, It was absolutely horrible,” a freed hostage told freelance journalist François Rihouay (translation by the Guardian).

Northern Mali was taken over by Islamist militants in 2012, and although they were ousted by a French-led multinational force, the groups have since staged a number of attacks on civilians, UN peacekeepers, and the Malian military.

Before the Malian counter-assault, the attackers released some hostages who were able to recite Quranic verses, according to Reuters.

Earlier, The Rezidor Hotel Group, which operates the Radisson Blu Hotel in the western part of the city, sent this statement to Quartz:

[The company] is aware of the hostage-taking that is ongoing at the property today, 20th November 2015. As per our information two persons have locked in 140 guests and 30 employees. Our safety & security teams and our corporate team are in constant contact with the local authorities in order offer any support possible to re-instate safety and security at the hotel. At this point we do not have further information and continue to closely monitor the situation.

The situation started early on Friday, a security source told Reuters. “Very early in the morning there was gunfire. Apparently it’s an attempt to take hostages,” the security source told the news agency. “The police are there and are sealing off the area.”

The Radisson Hotel, which has 190 rooms, is popular with tourists. There was reportedly a UN function being held at the hotel whenreports say gunmen entered the hotel with diplomatic cars and took over the seventh floor and were firing down the corridor. Witnesses say 10 gunmen armed with AK-47s w involved in the attack.

“They were in car with a diplomatic license plate. They were masked. At the gate of the hotel, the guard stopped them and they start firing. We fled,” a guard at the hotel told the BBC.

The local US embassy confirmed the incident on its Facebook page and warned American citizens to “shelter in place” and “contact their families.”

There are also reports that 10 Chinese citizens are trapped inside the hotel, the Chinese embassy in Mali told a Chinese paper (link in Chinese) a reporter. Four of the Chinese guests have been freed, state-run broadcaster CCTV reported. Twenty Indian guests at the hotel were also safe, according to a foreign minister spokesman:

 

This is the second hostage situation at a hotel in Mali in recent months. In August, 13 people died after gunmen took over a hotel in Sevare, a town in central Mali. Among the dead were five UN workers.

French president François Hollande has issued a statement of support to Mali, a former French colony:

I want to assure all Malians of our solidarity and support for them and I urge all French nationals who are in the affected area to be vigilant at this time.

In October, a jihadist leader in Mali linked with al-Qaeda in the Islamic Maghreb (AQIM), reportedly called for further attacks against France, which is helping the government fight extremists in the country.

DL Financial Limited are genuine and reliable providers of loan, international project funders, Lease bank guarantee providers & providers of sblc, dlc and letters of credit.  Others Talk, but DL Financial Delivers. So its time you became a customer of DL Financial Ltd so you can feel the difference. 
 
Kindly contact us today for all your financial needs.
 
Skype: dl.financials.limited
 
 
 
NOTICE: Brokers are 100% welcomed and protected. Our brokers are paid handsome commission for every successful transaction. If you want to be our broker or company representative kindly send us email for more information.
 
DL Financial bank guarantee provider     DL Financial Genuine SBLC provider      DL Financial DLC provider      top world lc provider

BUYING AND SELLING GOODS INTERNATIONALLY WITH LETTERS OF CREDIT

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BUYING AND SELLING GOODS INTERNATIONALLY

International sales transactions between sellers and buyers
require an agreement as to the form of payment for the goods.
Various methods of payment settlement include but are not
limited to open account, foreign collection, cash in advance and
documentary credit. One of the most common forms of payment
is documentary credit, which is also known as a Letter of Credit.

What is a Letter of Credit?

A Letter of Credit is literally a “letter” pertaining to a sales
transaction between a buyer and seller. The “letter” is initiated
by the buyer and is directed to the seller or beneficiary, in most
cases. In some cases, the beneficiary may not necessarily be
the Seller but would be the party possessing the right to receive
payment for the goods or services.  (Please refer to the
webpage dealing with transferable letters of credit for additional
information.)

A Letter of Credit is the traditional worldwide risk management
tool for international transactions. Issued by a foreign bank
(representing the buyer) and confirmed by a corresponding
bank usually in the country of the seller, a Letter of Credit is the
overseas bank’s commitment to pay the seller’s drafts. A Letter
of Credit is opened by an issuing or opening bank. The buyer
chooses the opening bank.

Revocable vs. Irrevocable Letters of Credit

A Letter of Credit may be revocable or irrevocable. In a
revocable Letter of Credit, the issuing bank (representing the
buyer) has the right to cancel or alter its obligation at any time
before payment of a sight draft or acceptance of a time draft.
That situation exists even if goods were shipped in reliance on
the expectation of payment.

An irrevocable Letter of Credit that is accepted by the seller,
however, cannot be altered or canceled without the consent of
the seller. Any change to an irrevocable Letter of Credit requires
the consent of all parties.  Consent would include any parties
beyond the buyer and seller. For example the confirming banks
would be affected parties.

Confirmed vs. Unconfirmed

An irrevocable Letter of Credit can be either confirmed or
unconfirmed.

In a confirmed Letter of Credit, the issuing bank (representing
the buyer) agrees independently to the buyer’s commitments to
pay the seller the agreed-up amount of money, as long as all the
requirements of the Letter of Credit are fulfilled.

A confirmed irrevocable Letter of Credit can become very
elaborate. A second bank (often specified as a prime bank) may
confirm or otherwise guarantee payment of the foreign bank that
initially opened the Letter of Credit. This requirement originates
from the seller and usually takes places only if the bank of the
buyer is not internationally established.

Other types of Letters of Credit

Other types of Letters of Credit may include straight or
negotiation credits. These types of Letters of Credit inform the
seller whether any bank, or only certain banks, can process the
documents of the seller to receive payment.  All of the various
types of Letters of Credit can be combined in various ways with
extended rights and/or obligations, depending upon the exact
type of Letter of Credit issued.  A Seller should be aware of
rights under a Letter of Credit before proceeding with a sale.

Letter of Credit rules- International Chamber of Commerse

A Standard Documentary Credit Application Form has been
developed by the International Chamber of Commerce (ICC), in
Paris, France. The ICC has also published a guide to
Documentary Credit Operations.  Banks throughout the world
adhere to the rules developed by the ICC.

The rights and obligations of buyers, sellers and participating
banks in international Letters of Credit transactions are
presented in careful detail in publications made available by the
ICC.  Under the Uniform Customs and Practices for Document
Credits (UCP), the International Chamber of Commerce has
made available in a publication called the UCP 600.  The
publication is almost always referred to in international Letter of
Credit forms and is a part of the Letter of Credit contract. The
ICC also has available ICC Publication No. 511, which takes the
reader through UCP 600 on an article-by-article and
clause-by-clause basis. The ICC Publication No. 511 also
explains the reasoning that led the ICC Working Group to
develop a thoroughly revised sets of Rules for Documentary
Credits under UCP 600.

Benefits of using a Letter of Credit

By conducting export sales transactions under an irrevocable
Letters of Credit, the seller does not have to determine the
credit standing of the foreign buyer. Letters of Credit are issued
in many different forms from foreign banks and financial
institutions.  The variations are due to differences in customs
and regulations of trade and finance in the country of origin of
the issuing bank or financial institution.  If, for any reason, a
seller cannot comply with one or more conditions of a Letter of
Credit, it is absolutely imperative for the seller to contact the
buyer to arrange for one or more amendments to the original
agreement.

Letter of Credit Discrepancies

If there is a disagreement between a sale contract’s shipping
and documentation requirements and those in a Letter of Credit,
the seller must take immediate action before shipping to arrange
for an amendment to the Letter of Credit.  If the seller does not
arrange for such an amendment, the seller may experience
payment problems. Full compliance with all conditions for
payment are interpreted by banks rigidly. Any disagreement,
however small, represents grounds to reject the payment of the
draft.

On a worldwide basis, approximately 60% of document
presentations on Letters of Credit are presented with
discrepancies.  Banks charge for EACH discrepancy. Therefore,
it is extremely important to ensure document presentations are
accurate and complete to avoid additional costs and delays in
payment processing.

Payment on a Letter of Credit

The documents listed in a Letter of Credit are presented to the
negotiating/paying Bank with a draft, which is sometimes
referred to as a “bill of exchange”.  A draft resembles a check. In
a Letter of Credit sale, the drawee on the draft is the bank that
issued the Letter of Credit.  The seller is the drawer of the draft.

Drafts are classified as either sight or time. A sight draft requires
a drawee to pay the amount shown in full upon proper
presentation of documentation.  On a time draft, a payment date
later than the date of presentation would be stipulated (such as
60 days after sight or 90 days after sight).

When properly presented, a time draft is accepted by the
drawee. This means the drawee indicates an acknowledgement
that the necessary conditions to its payment were met and the
drawee is obligated to pay on the appointed date.

Paying a sight draft or accepting a time draft when documents or
goods have been presented is known as honoring the draft.

If the Letter of Credit states “payment at sight”, the seller should
receive payment within a reasonable time (usually not exceeding
seven days) after documents are presented within the validity
period of the Letter of Credit and accepted by the negotiating
(paying) bank.

Usual Letter of Credit conditions

The usual conditions included in a Letter of Credit include
delivery dates, product specifications and receipt by the bank of
specific documents (such as negotiable bills of lading, inspection
certificates, commercial invoices and packing lists). Any required
documents must be presented to the bank within a specific
period of time. There may also be other terms and conditions as
negotiated between the buyer and seller.

Letter of Credit terms and conditions (and all required
documents) should be agreed upon between the buyer and
seller, in advance of opening of a Letter of Credit.  Letter of
Credit issuance instructions should then conform to the terms of
such an agreement.

Exporters in the United States should request the overseas
buyer to open an Irrevocable Commercial Letter of Credit,
payable 100% at sight, freely negotiable or confirmed by a bank.
If the Letter of Credit is to be confirmed, the seller should also
request the buyer to instruct the issuing bank to obtain the
Letter of Credit confirmed by a bank in the United States.

EXPORT DOCUMENTS For International Letter of Credit

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  EXPORT DOCUMENTS
Documents required for an international sale can vary significantly from transaction to transaction, depending on the destination and the product being shipped. At a minimum, there will be two documents: the invoice and the transport document. The buyer will usually provide the seller with a list of documents needed to get the goods into his country as expeditiously and inexpensively as possible. Some documentary requirements are not open to negotiation, as they are needed by the importer to clear customs at the port of destination. This presentation discusses documentation in relation to export letters of credit.
When the letter of credit payment method is used for an export sale, each document presented under the terms and conditions of the letter of credit must:
1)  Conform to all L/C terms and conditions.
2)  Comply with the UCP 500.
3)  Agree with the data content of every other document.
For the following documents listed, the number in parenthesis refers to the relevant UCP 500 article.
THE BILL OF EXCHANGE / DRAFT (UCP Article 9)
Almost every letter of credit presentation and documentary collection is accompanied by a draft. This demand for payment is drawn by the seller on the payee. The payee on a letter of credit draft is almost always a bank.  For a documentary collection it would be the buyer.
COMMERCIAL INVOICE (UCP Article 37)
The accounting document claiming payment from the buyer.
Normally an export invoice would include:
– Seller’s name and address
– Buyer’s name and address
– Issue Date
– Invoice Number
– Shipping marks and numbers
– Term of Sale: e.g. FOB, etc.
– Shipping information
– Info required by L/C
– Country of Origin
– L/C number
– Merchandise description, P.O. number, unit price, and total price
CONSULAR INVOICE / VISAED INVOICE (UCP Articles 20, 21)
For exchange control and balance of payments reasons, some countries do not allow the import of merchandise unless accompanied by a certificate issued by one of its officials in the exporter’s country. These certificates evidence that the shipment meets certain statutory or other regulations of the importing country. A visaed invoice is an original or copy of an invoice, which has been originally signed and/or stamped by a consulate official.
INSURANCE POLICY OR CERTIFICATE (UCP Article 34, 35, 36)
Every export sale should be covered by insurance. Who provides the coverage depends on the INCOTERM used. Insurance overage on exports is a complicated issue that we can not fully cover on this site.  For more information on export insurance, we suggest that you contact your business insurance agent or freight forwarder as to who can provide insurance on an as needed basis” or “by blanket policy” on an annual basis.
CERTIFICATES
When a letter of credit calls for a document to be issued as a “certificate”, that document must be signed.  Certificates come in a many different forms depending on the product and the country of destination. L/C’s often require that certificates be issued by reputable third party inspection surveyors such as the Societe Generale de Surveillance (SGS) or the US Department of Agriculture. It is important to remember that each certificate required by an L/C will increase the cost of goods sold. Some of the most common certificates are discussed below.
Certificates should always be issued before the goods are shipped. Certificates issued after the goods arrived in the country of import defeat the purpose of the letter of credit.
CERTIFICATE OF ORIGIN (UCP Articles 20, 21)
A signed statement certifying the country of origin of the goods being sold is sometimes required by regulation in the buyer’s country.  This document may be as simple as a certificate signed by the seller. Certain countries may require it to be issued by a third party such a Chamber of Commerce, or be notarized, legalized, or visaed by their Embassy or Consulate.
INSPECTION CERTIFICATE (UCP Articles 20, 21)
An independent firm would usually conduct the inspection to ensure that the merchandise conforms to the buyer’s criteria. Inspection certificates should be based on quantifiable criteria. When an L/C is the method of payment, the criteria should be specifically spelled out in the letter of credit.
WEIGHT LIST OR CERTIFICATE (UCP Articles 38, 20, 21)
Not synonymous to a packing list. This document breaks down the shipment by weight. This is generally needed only if a “certificate” is required.
USDA INSPECTION CERTIFICATE (UCP Articles 20, 21)
This certificate is issued by the US Department of Agriculture and covers grade and condition for agricultural products. It provides evidence that the produce was in good condition at the date and time of inspection and can be useful in the event of a damage claim.
PHYTOSANITARY CERTIFICATE (UCP Articles 20, 21)
Numerous foreign governments and buyers require a “phyto” for fresh plants and plant products. This certificate states that the product has been inspected and is free of harmful pests and plant diseases. They are issued by the USDA Animal and Plant Health Inspection Service.
PACKING LIST (UCP Articles 20, 21)
A mirror of the merchandise covered by the invoice, the packing list omit prices, but itemizes the merchandise by number of cartons, packages, etc., and the contents of each. It generally does not have to be signed unless called for in the L/C.
OTHER MISCELLANEOUS DOCUMENTS (UCP Articles 20, 21)
UCP 500 ARTICLE 21: “WHEN DOCUMENTS OTHER THAN TRANSPORT DOCUMENTS, INSURANCE DOCUMENTS AND COMMERCIAL INVOICES ARE CALLED FOR, THE CREDIT SHOULD STIPULATE BY WHOM SUCH DOCUMENTS ARE TO BE ISSUED AND THEIR WORDING OR DATA CONTENT. IF THE CREDIT DOES NOT SO STIPULATE, BANKS WILL ACCEPT SUCH DOCUMENTS AS PRESENTED, PROVIDED THAT THEIR
DATA IS NOT INCONSISTENT WITH ANY OTHER STIPULATED DOCUMENT PRESENTED.”
SELECTED REFERENCES TO DOCUMENTS IN THE UCP 500 DOCUMENT TOPIC UCP 500 ARTICLES
Authentication requirements – UCP 20
Copies of – UCP 20
Conforming – UCP 14
Content of – UCP 21
Documents v. Goods/ Services/ Performance – UCP 4
Dated prior to L/C issuance – UCP 22
Discrepancies – UCP 14
Examination – UCP 13
Fraudulent Documents – UCP 15
Issuer, ambiguity about – UCP 20
Lost Documents – UCP 16
Non-stipulated Documents – UCP 13
Originals – UCP 20
Required Documents –  UCP 5
Signature on – UCP 20
Stale Documents – UCP 43

A night of terror in Paris leaves more than 150 people dead

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A series of shootings and explosions have rocked Paris in at least three separate attacks, with more than 150 dead, according to police and news reports. French president François Hollande declared a state of emergency after the “unprecedented” attacks, calling in the army as the country temporarily sealed its borders.

French authorities said all of the attackers were dead, but were looking for accomplices. Eight terrorists were involved in the attacks, and seven of those killed themselves with explosive devices, authorities said.

Here are where the attacks took place:

Le Bataclan

French special forces evacuate people, as people gather near the Bataclan concert hall in Paris.(Reuters/Christian Hartmann)

The deadliest of the attacks took place at the music hall Le Bataclan, in the 11th arrondissement, where an American band, Eagles of Death Metal, were playing a concert.

After reports of many people being taken hostage, and of the attackers beginning to fire on the concert goers, French police stormed the building, killing two attackers.

Reports suggest a horrendous death toll of more than 100 people at the venue, according to AFP, citing anonymous police sources.

Here’s a shot of the concert before the attack took place:

Julien Pearce, a journalist with Europe 1 who was in the concert hall during the attack, had this account (translated from French):

I was inside the concert hall when many armed individuals entered in the middle of the concert. Two or three people without masks arrived with automatic weapons, Kalashnikov style, and started to fire blindly into the crowd. … It was extremely violent and there was a wave of panic—everybody ran from the scene, there were moments of trampling, I myself was trampled. … The assailants had to often reload, at least three times. They were not masked. They were very young. They did not say a word, as far as I could tell.

A 23-year old Turkish woman who was at the concert told Libération (translated by Slate):

I was in the pit, when suddenly I heard noises, like fireworks. At the time I thought it was part of the show, then I turned around and I saw a person who had just taken a bullet in the eye. She grabbed her head and collapsed. Then, everyone got on the ground, we were hearing shots. The shooters were shooting at random at people who were lying down, everyone was playing dead but it didn’t make any difference for them. I was lying in the fetal position but my feet were blocked by someone’s body. I managed to slide my feet out of my shoes and I ran backstage, because an exit was just nearby, with three other people, who were injured.

Le Petit Cambodge

A French police officer takes cover while on the lookout for the shooters who attacked the restaurant Le Petit Cambodge.(European Pressphoto Agency/Etienne Laurent)

In another attack, several gunmen reportedly opened fire at Le Petit Cambodge, a beloved Cambodian restaurant in rue Bichat, part of the the trendy Canal Saint Martin neighborhood. Eleven people were killed, the AP reported, citing a police official.

Vincent Berthézène, a reporter for France 24, was on the scene:

Liberation (link in French) reported that patrons of a nearby bar, Le Carrillon, were also injured in the shooting.

Stade de France

Police stand outside the Stade de France.

At least one explosion took place near the Stade de France, where the French and German national soccer teams were playing. Police subsequently confirmed that the explosion took place in a bar near the stadium.

At least three people were killed, according the AP.

Reports say president Hollande was attending the match and was subsequently moved to safety.

The explosion is audible in this Vine:

Mashable reported that as match attendees left the stadium, they sang the French national anthem.

France’s response


France’s state of emergency—the first time such an act has been imposed country-wide, according to Le Monde (link in French)—will “allow the ​house​ arrest of any person whose activity is dangerous, the temporary closure of theaters and meeting ​places​, the ​confiscation​ of weapons, and the ability to carry out administrative searches,” thecabinet said in a release.

The president also cancelled a trip to Turkey on Nov. 15 for the G20 summit, and sent 1,500 troops to Paris.

The world reacts

US president Barack Obama held a brief press conference, where he called the events an attack “not just on Paris, not just on the people of France” but “on all of humanity and the universal values we share.” He said he had not yet spoken to Hollande but would soon, and that the two had spoken earlier in the day about preparations for the G20 meeting scheduled for this weekend in Turkey.

“We’re going to do whatever it takes to work with the French people and with nations around the world to bring these terrorists to justice and to go after any terrorist networks that go after [our people],” Obama said.

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Here’s how Paris attacks became Europe’s worst terror attack in 10 years

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Paris on Friday (Nov. 13) suffered a series of at least six nearly simultaneous attacks, attributed by president François Hollande to the ISIL terror group, which left at least 127 people dead and up to 200 wounded.

The attacks shook the city during a normal, busy Friday night. They included a mass shooting at a concert hall, several shootings at bars and restaurants, and several bomb detonations, including more than one near France’s national stadium, where a soccer match between the French and German national teams was in progress. Eight assailants died, some via suicide bombings.

Hollande called the attacks an “act of war” carried out by ISIL, and pledged that France would respond with a “merciless” fight against terrorism. He declared a state of national emergency, which included increased border security, as well as three days of national mourning.

It was the worst attack on a European target since the Madrid bombingsin 2004, when 190 people were killed and more than 1,800 wounded, in four coordinated attacks on commuter trains. It is also the second terrorist attack on Paris this year, after gunmen killed journalists at the magazine Charlie Hebdo, a policewoman, and several people during an attack on a supermarket. In August, a heavily armed gunman was stopped on a train on its way from Brussels to Paris just before he was able to open fire on passengers.

ISIL claimed responsibility for the attacks in an apparent statement released on social media in Arabic and French. The statement, which has not yet been independently verified, called Paris “the capital of abomination and perversion,” and said that France’s actions in Syria were a factor in the decision to target the country. Vague generalities and conflicting information in the statement suggests that ISIL may have inspired rather than directed the attacks.

The sites of the attacks

Stade de France

At about 9:20pm an explosion detonated near the French national stadium, where a soccer match between the French and German national teams was in progress. A second blast was heard 10 minutes later, and a third 20 minutes after that. Hollande, who was at the match, was quickly evacuated. No one apart from the bombers appear to have died.

Le Petit Cambodge and Le Carrillon

At around the same time, several gunmen opened fire at Le Petit Cambodge, a Cambodian restaurant on rue Bichat, part of the the trendy Canal Saint Martin neighborhood. Eleven people were killed, the AP reported, citing a police officials. Patrons of a nearby bar, Le Carrillon, were also injured in the shooting.

Le Bataclan

Just before 10pm, in the worst single attack, around 87 people died when gunmen entered a large concert hall in the 11th arrondissement, where an American band, Eagles of Death Metal, were playing. The venue has capacity of 1,500 and was sold out, the BBC reported. Eyewitnesses described (link in French) the attackers as unmasked and young, and said they made concertgoers lie on the floor before opening fire on them.

French police stormed the building around midnight, killing two attackers. At least one report from someone who escaped said the gunmen spoke to hostages, telling them that the attack was a responseto France’s military interventions in Syria. France joined the US in targeting airstrikes against ISIL in Syria in September.

La Belle Equipe

Le Monde reported that a gunman opened fire on the crowded terrace of a restaurant on the corner of Rue Faidherbe and Rue de Charonne. There were 19 victims.

Other explosions

Five people were killed during an explosion on a street called Rue de la Fontaine au Roi. A suicide bomber also detonated a blast on Boulevarde Voltaire. The New York Times reported that one person was killed.

What’s next?

Public buildings, schools, museums, and markets are closed today, and the police have temporarily banned demonstrations and other large gatherings. There is increased security at the borders.

Attention is now turning to how such deadly, coordinated attacks could take place in a city that had so recently been struck by terrorists. Germany has offered the help of its security services, while other world leaders including Barack Obama, David Cameron, and Ban Ki Moon have sent messages of solidarity.

Discussion will intensify about how the attacks will affect Europe’s policy of open borders. These have been challenged in recent months as the flow of migrants, and especially refugees from war-torn countried like Syria, has dramatically increased.

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