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    SBLC MT760 - Draft

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    Tushar Sharma
    This document is an irrevocable standby letter of credit issued by [issuer] for [applicant] with [beneficiary] as the beneficiary. It is for [currency code] [credit amount] and expires on [date] in the United Kingdom. Upon receiving a written demand and statement from the beneficiary, the issuer will pay the credit amount without deductions within 15 days of the expiry date. The letter of credit is transferable and governed by UCP600 under English law and jurisdiction.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    SBLC MT760 - Draft

    Uploaded by

    Tushar Sharma
    1K views2 pages
    This document is an irrevocable standby letter of credit issued by [issuer] for [applicant] with [beneficiary] as the beneficiary. It is for [currency code] [credit amount] and expires on [date] in the United Kingdom. Upon receiving a written demand and statement from the beneficiary, the issuer will pay the credit amount without deductions within 15 days of the expiry date. The letter of credit is transferable and governed by UCP600 under English law and jurisdiction.

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    SBLC MT760 -DRAFT

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    This document is an irrevocable standby letter of credit issued by [issuer] for [applicant] with [beneficiary] as the beneficiary. It is for [currency code] [credit amount] and expires on [date] in the United Kingdom. Upon receiving a written demand and statement from the beneficiary, the issuer will pay the credit amount without deductions within 15 days of the expiry date. The letter of credit is transferable and governed by UCP600 under English law and jurisdiction.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    1K views2 pages

    SBLC MT760 - Draft

    Uploaded by

    Tushar Sharma
    This document is an irrevocable standby letter of credit issued by [issuer] for [applicant] with [beneficiary] as the beneficiary. It is for [currency code] [credit amount] and expires on [date] in the United Kingdom. Upon receiving a written demand and statement from the beneficiary, the issuer will pay the credit amount without deductions within 15 days of the expiry date. The letter of credit is transferable and governed by UCP600 under English law and jurisdiction.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    SBLC - DRAFT

    MT760 – ISSUE OF A STANDBY LETTER OF CREDIT

    DATE OF ISSUE : XXXXXX

    FROM OF CREDIT : IRREVOCABLE STANDBY

    ISSUER : XXXXXX

    CREDIT NUMBER : SBLC/XXXXXX

    CURRENCY CODE : EUR/USD

    CREDIT AMOUNT : XXXXXX

    DATE AND PLACE OF EXPIRY : XXXXXX/UNITED KINGDOM

    APPLICANT : XXXXXX

    BENEFICIARY : XXXXXX

    BANK OF BENEFICIARY : XXXXXX

    PLACE FOR PRESENTATION : AT OUR COUNTERS

    FROM OF PRESENTATIO : PAPER/BY COURIER SERVICE

    LANGUAGE OF ANY
    REQUIRED DOCUMENTS : ENGLISH

    PARTY LIABLE FOR THE


    PAYMENT OF ANY CHARGES : BENEFICIARY

    UNDERLYING RELATIONSHIP : XXXXXX


    WE HEREBY IRREVOCABLY AND UNCONDITIONALY WITHOUT PROTEST OR NOTIFICATION,
    WITH OUR FULL RESPONSIBILITY , UNDERTAKE TO PAY AGAINST THIS STANDBY LETTER OF
    CREDIT NUMBER SBLC/XXXXX TO THE ORDER OF XXXXX. THE BEARER OR HOLDER THERE OF
    UPON FIRST WRITTEN DEMAND THE SUM OF EUR/USD XXXXX (SAY : XXXXX EURO/US
    DOLLARS ONLY ) IN LAWFUL CURRENCY OF EUROZONE/UNITED STATES OF AMERICA UPON
    SURRENDER AND PRESENTATION OF THE ORIGINAL HARD COPY OF THIS STANDBY LETTER
    OF CREDIT AS PER OUR FILE ACCOMPANIED BY THE BENEFICIARY'S WRITTEN AND SIGNED
    STATEMENT THAT THE AMOUNT DEMANDED IS IN ACCORDANCE TO THE TERMS AND
    CONDITIONS OF THE AGREEMENT NO . XXXXX.

    SUCH PAYMENT SHALL BE MADE WITHOUT SET OFF AND SHALL BE FREE AND CLEAR OF ANY
    DEDUCTIONS OR CHARGES, FEES, OR WITHHOLDINGS OF ANY NATURE PRESENTLY OR IN
    THE FUTURE IMPOSED, LEVIED, COLLECTED, WITHHELD OR ASSESSED THEREIN OR
    THEREOF.

    PAYMENT IS AVAILABLE UPON THE BENEFICIARY'S FIRST WRITTEN DEMAND IN THE FORM
    OF PRESENTATION INDICATED ABOVE ONLY TO BE SENT TO US NOT EARLIER THAN 15
    (FIFTEEN) DAYS BEFORE EXPIRY DATE BUT WITHIN THE VALIDITY OF THIS CREDIT.

    THIS STANDBY LETTER OF CREDIT IS TRANSFERABLE.

    THIS STANDBY LETTER OF CREDIT IS SUBJECT TO THE VERSION OF THE ICC UNIFORM
    CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS, INTERNATIONAL CHAMBER OF
    COMMERCE, PARIS, FRANCE, UCP 600 UNDER ICC PUBLICATION NO.600 AND SHALL BE
    INTERPRETED IN ACCORDANCE WITH THE LAWS OF ENGLAND. ANY DISPUTE ARISING OUT
    OF OR IN CONNECTION WITH THIS STANDBY LETTER OF CREDIT SHALL BE SUBJECT TO THE
    EXCLUSIVE JURISDICTION OF THE COMMERCIAL COURT OF ENGLAND.

    THIS STANDBY LETTER OF CREDIT IS AN OPERATIVE INSTRUMENT, NO FURTHER


    CONFIRMATION SHALL FOLLOW.

    BEST REGARDS

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