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