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    Documentary Letter of Credit MT700 Specimen

    Uploaded by

    Dima Raja
    This document is a specimen documentary letter of credit (MT700) issued by XXXXXXX bank. It establishes an irrevocable confirmed letter of credit for USD 30,000,000 in favor of the beneficiary for the shipment of X0.000 metric tons of goods from XXX country to XXX country. The letter of credit requires a number of commercial documents to be presented within 14 days of the bill of lading date, including invoices, certificates of origin, bills of lading, and inspection reports.

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    Documentary Letter of Credit MT700 Specimen

    Uploaded by

    Dima Raja
    767 views4 pages
    This document is a specimen documentary letter of credit (MT700) issued by XXXXXXX bank. It establishes an irrevocable confirmed letter of credit for USD 30,000,000 in favor of the beneficiary for the shipment of X0.000 metric tons of goods from XXX country to XXX country. The letter of credit requires a number of commercial documents to be presented within 14 days of the bill of lading date, including invoices, certificates of origin, bills of lading, and inspection reports.

    Original Description:

    LC 758 MT700 DRAFT

    Original Title

    DOCUMENTARY LETTER OF CREDIT MT700 SPECIMEN

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    This document is a specimen documentary letter of credit (MT700) issued by XXXXXXX bank. It establishes an irrevocable confirmed letter of credit for USD 30,000,000 in favor of the beneficiary for the shipment of X0.000 metric tons of goods from XXX country to XXX country. The letter of credit requires a number of commercial documents to be presented within 14 days of the bill of lading date, including invoices, certificates of origin, bills of lading, and inspection reports.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    767 views4 pages

    Documentary Letter of Credit MT700 Specimen

    Uploaded by

    Dima Raja
    This document is a specimen documentary letter of credit (MT700) issued by XXXXXXX bank. It establishes an irrevocable confirmed letter of credit for USD 30,000,000 in favor of the beneficiary for the shipment of X0.000 metric tons of goods from XXX country to XXX country. The letter of credit requires a number of commercial documents to be presented within 14 days of the bill of lading date, including invoices, certificates of origin, bills of lading, and inspection reports.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 4

    DOCUMENTARY LETTER OF CREDIT MT700 SPECIMEN

    --------------------------- MESSAGE HEADER -------------------------


    SWIFT OUTPUT : MT700 ISSUE OF A DOCUMENTARY CREDIT
    SENDER : XXXXXXX
    XXXXXXXXXXXX
    XXXXXXXX
    RECEIVER : XXXXXXX
    XXXXXXXXXXXX
    XXXXXXXX
    --------------------------- MESSAGE TEXT ---------------------------
    27 SEQUENCE OF TOTAL
    NUMBER 1
    TOTAL 1
    40A FORM OF DOCUMENTARY CREDIT
    IRREVOCABLE CONFIRMED
    20 DOCUMENTARY CREDIT NUMBER
    XXXXXXXXXXXXXX
    31C DATE OF ISSUE
    XXXXXX
    40E APPLICABLE RULES
    UCP LATEST VERSION
    31D DATE AND PLACE OF EXPIRY
    XXX DATE XXX XXX PLACE XXX
    52D: ISSUING BANK - NAME & ADDRESS
    XXXXXXXXXXXXX
    XXXXXXXXXXXXX
    BIC: XXXXXXXX
    50 APPLICANT
    XXXXXXXXXXXXX
    XXXXXXXXXXXX
    XXXXXXXXXXXXX
    BIC: XXXXXXXX
    59 BENEFICIARY - NAME & ADDRESS
    XXXXXXXXXXXXXXX
    XXXXXXXXXXXXX
    XXXXXXXXXXXX
    XXXXXXXXXXXXX
    32B CURRENCY CODE, AMOUNT
    CURRENCY USD
    AMOUNT 30,000,000.00
    39A PERCENTAGE CREDIT AMT TOLERANCE
    TOLERANCE 10/10
    41A AVAILABLE WITH
    ANY BANK IN XXX COUNTRY XXX
    BY NEGOTIATION
    42C DRAFTS AT
    90 DAYS FROM ROA
    42A DRAWEE
    XXXXXXXXXXXXXX
    XXXXXXXXXXXXXXXXXXXXX,
    XXXXXXXXXXXXXXXXXXXXX
    BIC: XXXXXXXXXXX
    43P PARTIAL SHIPMENTS
    NOT ALLOWED
    43T TRANSHIPMENT
    ALLOWED
    44E PORT OF LOADING/AIRPORT OF DEP.
    ANY SAFE PORT AT XXXXXXXX, XXX COUNTRY XXX.
    44F PORT OF DISCHARGE/AIRPORT OF DESTINATION
    ANY SAFE PORT AT XXXXXXXX, XXX COUNTRY XXX.
    44C LATEST DATE OF SHIPMENT
    23XXXX
    45A DESCRIPTION OF GOODS AND/OR SERVICES CONTRACT:
    NO: XXX/XXX- XXX/II/2023
    XXXXXXX, QUANTITY: X0.000 METRIC TONS (+/-10PCT), PRICE XX.00$
    TERM: XXX XXXXX XXXXX FOR TOTAL VALUE: USD 30,000,000.00
    SPECIFICATIONS:
    XXXXXXXXXXX
    XXXXXXXXXXX
    XXXXXXXXXXX
    XXXXXXXXXXX
    46A DOCUMENTS REQUIRED
    SELLER WILL PRESENT THE BELOW FOLLOWING DOCUMENTS:
    1. SIGNED INVOICE AS PER CONTRACT VALUE INDICATING CONTRACT NO. AND
    LC NO. ISSUED BY SELLER IN 01 ORIGINAL AND 03 COPIES.
    2. REPORT OF ANALISIS (ROA) IN 01 ORIGINAL AND 03 COPIES.
    3. SIGNED ORIGINAL CONTRACT IN 01 ORIGINAL AND 03 COPIES.
    4. LOADING SCHEDULE SIGNED BY BUYER AND SELLER IN 01 ORIGINAL AND
    03 COPIES.
    5. XXXX ACCEPTANCE APPROVAL LETTER CERTIFICATE FROM BUYER BY
    INDEPENDENT INSPECTION AGENCY CERTIFICATE IN 01 ORIGINAL AND 03 COPIES.
    6. GOODS HANDOVER CERTIFICATE IN 01 ORIGINAL AND 03 COPIES.
    7. BENEFICIARY CERTIFICATE IN 01 ORIGINAL AND 03 COPIES, CERTIFYING THAT THE
    SELLER WILL DELIVER THE GOODS IN GOOD ORDER AS PER AGREED DELIVERY
    SCHEDULE AND VIA SELLER’S BANK TO BUYER’S BANK BY COURIER WITHIN 14 DAYS
    AFTER B/L DATE, WILL PRESENT DOCUMENTS:
    A. COMMERCIAL I N V O I C E A C C O R D I N G T O T H E B Y I N D E P E N D E N T
    INSPECTION AGENCY CERTIFICATE AT LOADING PORT INDICATING CONTRACT
    NO. XXXXXXXXXXXXXX,
    B. SHIP NAME AND B/L NO. IN 03 ORIGINALS AND 03 COPIES.
    C. FULL SET OCEAN BILLS OF LADING IN 3 ORIGINALS AND 03 COPIES,
    (STATED THE TOTAL QUANTITIES, NAME OF LOADING AND DISCHARGING
    PORT, CONSIGNED TO THE ORDER AND MARKET FREIGHT PAYABLE AS PER
    CHARTER PARTY”. NOTIFY PARTY TO ORDER.
    D. CERTIFICATE OF ORIGIN ISSUED BY XXX COUNTRY XXX CHAMBER OF
    COMMERCE IN 01 ORIGINAL AND 02 COPIES.
    E. CERTIFICATE OF CARGO QUALITY ANALYSIS IN 01 ORIGINAL AND 02
    COPIES ISSUED BY INDEPENDENT INSPECTION AGENCY AT LOADING PORT.
    F. DRAFT SURVEY REPORT INSPECTION AGENCY AT LOAD PORT ISSUED BY
    INDEPENDENT INSPECTION AGENCY AT LOAD PORT IN 01ORIGINAL AND 02
    COPIES
    G. CERTIFICATE OF WEIGHT IN 01 ORIGINAL AND 02 COPIES ISSUED BY
    INDEPENDENT INSPECTION AGENCY AT LOADING PORT.
    H. COMPLETE SET OF “CLEAN ON BOARD” OCEAN BILL OF LADING MADE
    OUT TO ORDER, BLANK ENDORSED MARKED “FREIGHT PAYABLE AS PER
    CHARTER PARTY” NOTIFYING THE BUYER WITH FULL NAME AND ADDRESS IN
    01 ORIGINAL AND 03 COPIES.
    47A ADDITIONAL CONDITIONS
    1. ALL DOCUMENTS MUST BE DATED, SIGNED AND ISSUED IN ENGLISH
    LANGUAGE.
    2. CHARTER PARTY B/L IS ACCEPTABLE.
    3. THIRD PARTY DOCUMENTS ARE ACCEPTABLE.
    4. T/T REIMBURSEMENT IS ALLOWED
    5. L/C AMOUNT UNDERDRAW/OVERDRAW DUE TO PRICE ADJUSTMENT
    ACCEPTABLE.
    6. BOTH QUANTITY AND AMOUNT 10 PCT MORE OR LESS ARE ALLOWED.
    7. TYPOGRAPHICAL ERRORS OR SPELLING MISTAKES SHALL NOT BE PART OF
    DISCREPANCIES.
    8. IF DIFFERENT AMOUNT BETWEEN 100PCT INVOICE AS PER CONTRACT
    VALUE AND 100PCT COMMERCIAL INVOICE, THE DIFFERENCE MUST BE PAID
    BY BUYER TO SELLER OR SELLER TO BUYER DIRECTLY BY T/T OUTSIDE L/C.
    71B CHARGES
    ALL BANKING CHARGES AND INTEREST IF ANY OUT SIDE THE ISSUING BANK
    ARE FOR ACCOUNT OF BENEFICIARY
    48 PERIOD FOR PRESENTATION
    DOCUMENTS MUST BE PRESENTED WITHIN 14 DAYS AFTER THE B/L DATE BUT
    WITHIN THE VALIDITY OF THIS CREDIT
    49 CONFIRMATION INSTRUCTIONS
    WITHOUT
    78 INSTRUCTIONS TO THE PAYING/ACCEPTING/NEGOTIATING BANK:
    1. UPON RECEIPT OF THE DOCUMENTS AND DRAFTS IN COMPLIANCE WITH
    THE TERMS OF THE CREDIT, WE SHALL UNDERTAKE AS PER YOUR
    INSTRUCTION.
    2. NEGOTIATION BY PRESENTING BANK TO FORWARD ONE FULL SET OF
    DOCUMENTS TO THE ISSUING BANK BY COURIER, AT BENEFICIARY'S EXPENSE,
    UNDER SWIFT ADVICE TO: XXXXXXXXXX, XXXXXXXXXXXXXXX, XXXXXXX,
    XXXXXX, XXXXXXXXX, XXXXXXXXX, BIC: XXXXXXXXXXXXXXX.
    3. THE ISSUING BANK WILL ACCEPT THE DOCUMENTS AND PAYMENT UNDER
    THIS CREDIT TO THE BENEFICIARY'S BANK BEFORE SHIPMENT BY SWIFT MT752
    IN ACCORDANCE WITH THEIR INSTRUCTION UPON RECEIPT OF THE
    DOCUMENTS REQUIRED FULLY COMPLYING WITH LC TERMS AND
    CONDITIONS GOVERNING SUCH ISSUANCE.
    4. THE ISSUING BANK WILL ACCEPT THE DOCUMENTS AND EFFECT PAYMENT
    UNDERTHIS CREDIT TO THE BENEFICIARY'S BANK IN ACCORDANCE
    WITHTHEIR INSTRUCTION UPON RECEIPT OF THE DOCUMENTS REQUIRED
    FULLY COMPLYING WITH LC AND TERMS AND CONDITIONS GOVERNING
    SUCH ISSUANCE.
    57A 'ADVISE THROUGH' BANK - PARTY IDENTIFIER - IDENTIFIER CODE ACCOUNT
    NAME:
    BANK: XXXXXXXXXX
    SWIFT CODE: XXXXXXXXXX
    72 SENDERS TO RECEIVER INFORMATION
    THIS L/C IS SUBJECT TO UCP FOR DOCUMENTARY CREDIT S (2007 REVISION)
    ICC PUBLICATION 600.

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