LETTER OF CREDIT FORMAT
DRAFT LETTER OF CREDIT
--------------------------- Application/LC
Header ---------------------------
Message Output
Reference : ...........................................
SENDER
: LC OPENING BANK NAME
AND ADDRESS
.....................
RECEIVER
: XXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXX
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INPUT MESSAGE
TYPE : 700 Issue of a Documentary Credit
INPUT
DATE/TIME :
............................................
PRIORITY
: Normal
MUR
: XXXXXXXXXXXXXXXXXXX
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Text Block -------------------------------
27 Sequence of Total
1/1
40A Form of
Documentary Credit
TYPE OF
LC
20 Documentary Credit
Number
...............................................
31C Date of
Issue/OPEN
.......................................
40E Applicable Rules
UCPURR
LATEST VERSION
31D Date and Place of
Expiry (LDN)
......................................
50 Applicant
CUSTOMER
NAME AND ADDRESS
........................................................
............................................................
......................................................
59 Beneficiary
EXPORTER
NAM AND ADDRESS
.....................................
....................................
32B Currency Code,
Amount
LC VALUE
IN USD
...........................
39B Maximum Credit
Amount
NOT
EXCEEDING
41A Available ..
With .. By
INDIAN
BANK
BY
PAYMENT
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43P Partial Shipments
ALLOWED
43T Transhipment
ALLOWED
44A Place of Taking
in Charge/Dispatch From.../Place of R
.....................................................................................
44E Port of
Loading/Airport of Departure
.................................................................................................
44F Port of Contry
Discharge/Airport of country Destination
.....................................................................................................
44B Place of Final
Dest./For Transportationto../Place of D
..........................................
44C Last Date of
Shipment (LDS)
...............................................
45A Description of
Goods and/or Services
Descrıptıon Of
Goods As Per contract / Purchase Order And Dealıng Wıth Customer And Supplier .........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
46A Documents
Required
1)COMMERCIAL INVOICE
IN 5 ORIGINALS SIGNED AND DATED BY THE BENEFICIARY
INDICATING FULL CONTRACT PRICE,AMOUNT ALREADY PAID (ADVANCE PAYMENT)
AND
AMOUNTS TO BE PAID AS PER INSTALLMENTS STATED IN FIELD 47A ITEM 8.
2)IN
CASE OF SEAWAY SHIPMENT:
FULL SET
MULTI MODAL B/L IN 3 ORIGINALS AND 3 NON-NEGOTIABLE
COPIES
ISSUED CUSTOMER BANK NAME WHOSE OPEN LTTER OF CREDIT
MARKED ''INTERCOMS AS BETWEEN WITH EXPORTER AND CUSTOMER
'',
SHOWING THE NAME, FULL ADDRESS, WITH TELEPHONE NUMBER OF THE
SHIPPING
CO.'S REPRESENTATIVE IN IMPORTER COUNTRY AND
INDICATING
APPLICANT'S FULL NAME AND ADDRESS AS NOTIFY PARTY.
IN CASE
OF AIRWAY SHIPMENT:
AIRWAY
BILL IN 1 ORIGINAL (ORIGINAL FOR SENDER) AND 1 COPY CONSIGNED
TO CUSTOMER
BANK NAME WHOSE OPEN LETTER OF CREDIT
MARKED ''INTERCOMS AS BETWEEN WITH EXPORTER AND CUSTOMER
AND
NOTIFY APPLICANT
IN CASE
OF ROAD TRANSPORT:
CMR IN 1
ORIGINAL (ORIGINAL FOR SENDER) AND 1 COPY CONSIGNED
TO CUSTOMER
BANK NAME WHOSE OPEN LETTER OF CREDIT
MARKED ''INTERCOMS AS BETWEEN WITH EXPORTER AND CUSTOMER
AND NOTIFY
APPLICANT,OR
3)3
COPIES OF PACKING LIST SHOWING FULL PACKAGING DETAILS OF
THE
GOODS.
4)ONE
COPY OF BENEFICIARY CERTIFICATE .
5)1 COPY
OF VESSEL CERTIFICATE.
6)
CERTIFICATE OF ORIGIN AND GSP CERTIFICATE OF ORIGIN IN 1 ORIGINAL
AND 3
COPIES ISSUED BY CHAMBER OF COMMERCE SHOWING THAT
THE
GOODS ARE OF UK OR CHINA OR GERMANY OR FINLAND ORIGIN.
7)
INSURANCE CERTIFICATE IN 1 ORIGINAL ISSUED TO THE ORDER OF
CUSTOMER
BANK NAME WHOSE OPEN LETTER OF CREDIT
NOT LATER THAN SHIPMENT DATE FOR NOT LESS THAN 110 PCT OF DAP
INVOICE
VALUE COVERING GOODS FROM WAREHOUSE TO WAREHOUSE MARKED
COVERING
ICC(A) INSTITUTE CARGO CLAUSES(CARGO), INSTITUTE WAR
CLAUSES
(CARGO) AND STRIKE CLAUSE, EVIDENCING THAT CLAIMS ARE
PAYABLE
IN TURKEY AND SHOWING THE AGENT IN TURKEY.
8)CERTIFICATE OF SUCCESSFUL COMPLETION OF INITIAL OPERATION SIGNED
BOTH BY
APPLICANT AND BENEFICIARY IN 1 ORIGINAL.
9)PROVISIONAL ACCEPTANCE CERTIFICATE SIGNED BOTH BY APPLICANT
AND
BENEFICIARY IN 1 ORIGINAL
47A Additional
Conditions
1)ALL
DOCS MUST BEAR DOCUMENTARY CREDIT NUMBER.
2)ALL
DOCS. SHOULD BE ISSUED IN ENGLISH LANGUAGE EXCEPT
PRE-PRINTED
HEADINGS, WORDINGS AND STAMPS.
3) DOCS.
ISSUED BEFORE L/C OPENING DATE NOT ACCEPTED
4)ONE
PHOTOCOPY OF EACH DOCUMENT WILL BE SENT FOR OUR BANK FILE.
5)IN
CASE OF PRESENTATION OF DOCS. WITH DISCREPANCY USD. AS PER BANK CHARGE
(OR ITS
EQUIVALENT) WILL BE DEDUCTED FROM PROCEEDS AS AN
ADDITIONAL PROCESS FEE.
6)PLS
ACKNOWLEDGE RECEIPT OF THIS L/C.
8)PERIOD
FOR PRESENTATION:
FOR THE
FIRST INSTALLMENT: WITHIN 21 DAYS AFTER SHIPMENT DATE BUT
IN ANY
EVENT WITHIN LC VALIDITY
FOR ALL
OTHER INSTALLMENTS:WITHIN LC VALIDITY
71B Charges
ALL KIND
OF BANKING CHARGES AND
COMMISSIONS OUTSIDE OF TURKEY ARE
FOR THE
ACCOUNT OF BENEFICIARY.
48 Period for
Presentation
PLS SEE
ITEM 9 IN FIELD 47A.
49 Confirmation
Instructions
CONFIRM
53A Reimbursing Bank
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78 Instructions to
the Paying/Accepting/Negotiating B
YOU ARE
AUTHORIZED TO REIMBURSE YOURSELVES FROM REIMBURSING
BANK AGAINST PRESENTATION OF CREDIT CONFORM DOCS ADVISING US
3
BUSINESS DAYS PRIOR TO YOUR PAYMENT BY MT754 MSG, ALSO
SENDING
ORIGINAL DOCS TO OUR ADDRESS STATED IN FIELD 72.
72 Sender to Receiver
Information
OUR
ADDRESS: IMPORTER BANK
AND ADDRESS DETAILS
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