Letter of Credit Forum

 Dear Sir,

As a applicant I instruct my bank to issue the LC as per attached below but the seller request me to delete the paragraph 46A (5) and 47(2).But my bank refused.Kindly explain me why the seller request to delete these clause and Why do my bank refuse to Delete.Kindly advice me on this.

 4 46A:     please delete 46A 5) 
5 and 47 (2)

----------------------------- Instance Type and Transmission 5216-----       Notification (Transmission) of Original sent to SWIFT (NAK)      Network Delivery Status       : Network Nack T60002      Priority/Delivery             : Normal      Message Input Reference       : XXXXXXXXXXXXX------------------------------------- Message Header -----------------       Swift INPUT       : FIN 700 Issue of a Documentary Credit      Sender            : WISMATWWXXX                          BANK WINTER UND CO. AKTIENGESSLLSCHAFT                          VIENNA, AUSTRIA      Receiver          : BKCHCNBJ860                          BANK OF CHINA, HARBIN PINGFANG SUB-BRANCH                          NO.192 YOU XIE STREET, PINGFANG DIST.                          HARBIN, CHINA                 ---------------------------------- Message Text ----------------------27:   Sequence of Total            1/140A:  Form of Documentary Credit      IRREVOCABLE  20:  Documentary Credit Number      234.xxx31C:  Date of issue      25-08-201040E:  Applicable Rules      UCP LATEST VERSION      31D:  Expiry            10-10-2010 IN CHINA       50:  Applicant            INFINITY RANGE CO., CORPORATION            RM.A, 12/FL., TOWER 1, TERN CENTRE            237 QUEEN’S ROAD CENTRAL,HONG KONG       59:  Beneficiary – Name & Address                        HARBIN DONGXING ALUMINUM CO.,LTD            XINBUA INDUSTRIAL AREA,            PINGFANG DISTRICT, HARBIN, CHINA 150066                A/C No. 233457334168091014      32B:  Amount            CURRENCY USD136,500.00+/-5%#      41D:  Available With/by            ISSUING BANK            BY DEF PAYMENT 45 DAYS AFTER B/L DATE.      43P:  Partial Shipments            ALLOWED      43T:  Transshipment            ALLOWED           44A:  Port of Loading            ANY CHINA PORTS      44B:  Final Destination             ANY THAILAND PORTS      44C:  Latest Date of Shipment            25-09-2010      45A:  Descript. of Goods             PRODUCT     : PLAIN ALUMINIUM SHEET            ALLOY/TEMPER: AA 1100 H14-MILL FINISH            SIZE A      :     0.5 MM. X 4 FT.X8 FT. = 5 MT.            SIZE B      :     0.6 MM. X 4 FT.X8 FT. = 5 MT.            SIZE C      :     0.7 MM. X 4 FT.X8 FT. = 10 MT.            SIZE D      :     0.8 MM. X 4 FT.X8 FT. = 5 MT.            SIZE E      :     0.9 MM. X 4 FT.X8 FT. = 5 MT.            SIZE F      :     1.0 MM. X 4 FT.X8 FT. = 5 MT.            SIZE G      :     1.2 MM. X 4 FT.X8 FT. = 5 MT.            SIZE H      :     1.6 MM. X 4 FT.X8 FT. = 5 MT.            SIZE I      :     2.0 MM. X 4 FT.X8 FT. = 5 MT.            TOLERANCE   : THICKNESS (+/-5%)                          WIDTH     (+/-1 MM.)                          LENGTH    (+/-1 MM.)            PRICE SIZE A-I : USD 2,730.00 PER MT.             TOTAL QUANTIRY :  50 MT+/- 5%            TOTAL CIF THAILAND US$136,500.00+/-5%      46A:  Documents Required            1) SIGNED COMMERCIAL INVOICE 3-FOLD             2) PACKING LIST, MEASUREMENT LIST AND WEIGHT LIST                IN TRIPLICATE ISSUED BY BENEFICIARY INDICATING                DESCRIPTION, QUANTITY, SPECIFICATIONS, GROSS & NET                WEIGHT, VOLUME OF EACH PACKAGE PACKING: BY STANDARD               EXPORT PACKING            3) FULL SET (3/3) ORIGINAL CLEAN ON BOARD BILL OF LADING                ISSUED TO ORDER, BLANK ENDORSED, SHOWING AS NOTIFY                 APPLICANT AND GOOD TIME EDITION CO.,LTD. 119 moo 1                rama2 soi anamainganchareon takram bankunthen                bangkok 10150 THAILAND                MARKED “FREIGHT PREPAID"            4) INSURANCE CERTIFICATE 110% 3-FOLD             5) CERTIFICATE OF ORIGIN,            6) COPY OF SWIFT AMENDMNET ISSUED PRIOR TO SHIPMENT                UPON RECEIPT  OF APPLICANT’S INSTRUCTIONS, CONFIRMING                NAME OF VESSEL, FULFILLMENT OF SHIPMENT REQUIREMENTS AND                ACCEPTANCE OF GOODS FOR SHIPMENT, SENT FROM L/C OPENING               BANK VIA THE ADVISING BANK TO THE BENEFICIARY AFTER                RECEIPT OF APLLICANTS ACCEPTABLE INSTRUCTIONS AND                APPLICANTS FULFILLMENT OF THE OBLIGATIONS TO THE OPENING                BANK NECESSARY FOR THE ISSANCE OF THIS AMENDMENT. COPY                OF SUCH SWIFT AMENDMNET SHALL BE AN ESSENTIAL DOCUMENTS                FOR NEGOTIATION.47A: Additional Conditions               1) ALL DOCUMENTS HAVE TO BE ISSUED IN ENGLISH LANGUAGE               2) SHIPPING DOCUMENTS MUST  SHOW A SHIPMENT                  OR ISSUING DATE PRIOR TO THE DATE OF ISSUING                  BANK’S AMENDMENT AS REQUESTED IN DOC. NO.6              3) AN ADDITIONAL FEE OF USD 75.00 WILL BE APPLICABLE TO                  EACH SET OF DISCREPANT DOCUMENTS PRESENTED UNDER                  THE TERMS AND CONDITIONS OF THIS DOC.CREDIT: THE FEE                  WILL ALWAYS HAVE TO BE BORNE BY THE BENEFICIARY                  IRRESPECTIVE OF WEATHER SUCH DOCUMENTS ARE FINALLY                  ACCEPTED BY US OR NOT               4) IN CASE OF PRESENTATION OF DISCREPANT DOCUMENTS                  THE ISSUING BANK RESERVES THE RIGHT TO RETURN THE                  DOCUMENTS TO THE PRESENTING BANK IF DOCUMENTS HAVE                  NOT BEEN TAKEN UP BY THE APPLICANT FOR PAYMENT AT                  MATURITY AFTER ADVICE OF REFUSAL, WITHOUT FURTHER                  AUTHORIZATION FROM THE PRESENTING BANK, ANY FEES                  AND CHARGES FOR RETURNING THE DOCUMENTS TO THE                  PRESENTING BANK ARE FOR BENEFICIARY’S ACCOUNT AND                  PAYMENT MAY NOT BE WAIVED.      71B:  Details of Charges      ALL BANKING COMMISSION AND CHARGES OUTSIDE THE L/C      OPENING BANK ARE FOR BENEFICIARY’S ACCOUNTPAYMENT MAY NOT BE WAIVED       48:  Period of Presentation:            15 DAYS AFTER THE DATE OF OF ISSUANCE OF B/L BUT WITHIN             VALIDITY OF THE CREDIT. 49:  Confirmation Instruction      WITHOUT 78:  Instructions      UPON RECEIPT OF DOCUMENTS IN STRICT CONFORMITY      WITH THE TERMS AND CONDITIONS OF THIS DOC.CREDIT      AT OUR COUNTERS IN VIENNA, WE SHALL EFFECT PAYMENT IN ACCORDANCE WITH THE INSTRUCTIONS OF THE BENEFICIARYBANK, VALUE 2 BANK WORKING DAYS (AUSTRIA/USA) LATER   57A:  Advise Through            BKCHCNBJ860            BANK OF CHINA, BARBIN PINGFANG SUB-BRANCH            NO.192 YOU XIE STREET, PINGFAN DIST.            HARBIN CHINA        Trailer: MAC:XXXXXXXX