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    LC 1

    Uploaded by

    mstradeexmin mdu
    The document provides a draft format for a letter of credit (LC) according to the latest version of UCP. It includes fields for the receiver bank details, LC number, dates of issue and expiry, names and addresses of applicant and beneficiary, currency and amount, permitted variations in amount, credit availability details, shipment details, description of goods as CIF, required documents including commercial invoice, packing list, certificates, bills of lading, additional conditions regarding charges and document presentation periods. Standard instructions will be added for the paying bank.

    Copyright:

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

    LC 1

    Uploaded by

    mstradeexmin mdu
    28 views2 pages
    The document provides a draft format for a letter of credit (LC) according to the latest version of UCP. It includes fields for the receiver bank details, LC number, dates of issue and expiry, names and addresses of applicant and beneficiary, currency and amount, permitted variations in amount, credit availability details, shipment details, description of goods as CIF, required documents including commercial invoice, packing list, certificates, bills of lading, additional conditions regarding charges and document presentation periods. Standard instructions will be added for the paying bank.

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    LC-1

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    The document provides a draft format for a letter of credit (LC) according to the latest version of UCP. It includes fields for the receiver bank details, LC number, dates of issue and expiry, names and addresses of applicant and beneficiary, currency and amount, permitted variations in amount, credit availability details, shipment details, description of goods as CIF, required documents including commercial invoice, packing list, certificates, bills of lading, additional conditions regarding charges and document presentation periods. Standard instructions will be added for the paying bank.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    28 views2 pages

    LC 1

    Uploaded by

    mstradeexmin mdu
    The document provides a draft format for a letter of credit (LC) according to the latest version of UCP. It includes fields for the receiver bank details, LC number, dates of issue and expiry, names and addresses of applicant and beneficiary, currency and amount, permitted variations in amount, credit availability details, shipment details, description of goods as CIF, required documents including commercial invoice, packing list, certificates, bills of lading, additional conditions regarding charges and document presentation periods. Standard instructions will be added for the paying bank.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    You are on page 1of 2

    Draft LC Format as per MT 700 of UCP Latest Version

    Receiver Bank Details:

    27 Sequence of Total 1/1


    40A Type of L/C [ ] Irrevocable [ ] Irrevocable & Transferable
    20 Letter of Credit Number
    31C Date of Issue 26.12.2022
    Date: 26.12.2022
    31D Date and Place of Expiry Place
    (21 Days after the Date of Dispatch)
    Name and Address of the ANAND EXPORTS
    50
    Applicant
    Name and Address of the
    59
    Beneficiary
    Currency & Amount of L/C
    32B (Shall be filled in as per the PO/Contract)
    (In Words & Figures)
    Variations in L/C Amount or addl.
    39A
    Amounts permitted
    C
    41A Credit available with Name and Address of the Bank
    Credit available by [ ] Payment [ v ]Negotiation [ ] Acceptance [ ] By Deferred payment
    42C Usance of Drafts [v ] at Sight [ ] (specify)

    42B Drafts to be drawn on Or

    42P Deferred Payment, if any


    Transhipment: [ ] permitted [ ]
    43P Partial Shipments [ ] permitted [ ] prohibited 43T
    prohibited
    44A Shipments from
    Port of Loading/
    44E
    Airport of Departure

    Port of Discharge/Airport of
    44F [ ] Nhavasheva [ ] Chennai [ ] Hyderabad Airport, India
    Destination
    Place of Final Destination /For
    44B India
    Transport
    44C Latest Shipment Date (Shall be filled in as per the PO/Contract inline with Tender delivery condition)
    Description of Goods (Also CIF
    45A indicate whether FOB/CIF/C&F
    etc.)
    46A Documents required
    [ ] Clean on Board Bill of Lading/Airway Bill as defined in Incoterms 2010 made to Order and blank
    [ ] Signed Invoice for the goods dispatched. - 4 copies
    [ ] Certificate of Origin. – 2 copies
    [ ] Packing List. – 5 copies
    [ ] Guarantee Certificate – 4 copies
    [ ] Test / Manufacturer’s Certificate – 4 copies
    [ ] Fax intimation particulars regarding shipment sent to our insurer/Insurance Policy Document (In
    [ ] Dispatch Advise issued by the Purchaser – 4 Copies
    Certificate from Beneficiary that one set of non-negotiable documents have been sent to
    [ ]
    Purchaser/Buyer as per PO/Contract
    [ ] Draft at Sight/ Days acceptance for % of Invoice Value

    [ ] Final Acceptance Certificate issued by SGS


    [ ] NOC from SGS for Release of Balance Payment after recovery, if any
    Performance Bank Guarantee for TWO PERCENT Order Value till Guarantee Period as per ICC
    [ ]
    norms Act/.

    47A Additional Conditions

    All documents must mention the LC Number, Date, Purchase Order number and Date and that
    [ ]
    the Goods are being Imported as per Foreign Trade Policy 2015-2020.
    Immediately after negotiating, the Negotiating Bank must advise the particulars of the
    [ ] Negotiation to the Issuing bank.

    All documents which are incomplete and or with irregularities should not be negotiatied
    [ ]
    without prior authorisation of the purchaser.
    All Documents dated prior to the Date of Letter of Credit will be accepted except the Transport
    [ ]
    Document i.e., Bill of Lading/Air Way Bill.
    All Charges inside India to Applicant's Account and all charges outside India to
    71B Charges
    Beneficiary's Account
    Documents to be presented within 21 days from the date of shipment/airfreight as the case
    48 Period of Presentation
    may be
    49 Confirmation Instructions Without

    78 Instructions to the Paying bank Standard wording from our Bank shall be added here

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