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Irrevocable, Confirmed, Transferable: Draft L/C Text 40A: Form of Documentary Credit

This document provides the text for an irrevocable, confirmed, transferable documentary letter of credit. It lists the credit number, dates of issue and expiry, applicant bank, applicant, beneficiary, currency and amount. It specifies terms regarding shipment, description of goods, required documents, additional conditions, charges, periods for presentation and confirmation instructions.

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1K views3 pages

Irrevocable, Confirmed, Transferable: Draft L/C Text 40A: Form of Documentary Credit

This document provides the text for an irrevocable, confirmed, transferable documentary letter of credit. It lists the credit number, dates of issue and expiry, applicant bank, applicant, beneficiary, currency and amount. It specifies terms regarding shipment, description of goods, required documents, additional conditions, charges, periods for presentation and confirmation instructions.

Uploaded by

evre
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd

DRAFT L/C TEXT 40A: Form of Documentary Credit

IRREVOCABLE, CONFIRMED, TRANSFERABLE 20: /Documentary Credit Number

31C: /Date of Issue: 31D: /Date and Place of Expiry: 51: 50: 59: 32B: /Applicant Bank /Applicant /Beneficiary: Currency Code, Amount: UNITED STATES DOLLARS

39A: Percent Credit Amount Tolerance: 05/05 41D: /Available With .. By : 42C: /Drafts at : AT SIGHT 42D: Drawee: 43P: 43T: /Partial Shipment ALLOWED /Transshipment: PROHIBITED

44A: /Loading on Board/Dispatch/Taking in Charge At/FromPort: 44B:


44C:

/For Transportation To: ASWP


/Latest Date of Shipment

(45 DAYS FROM THE DATE OF RECEIPT IN THE BENIFICIARY BANK) 45A: /Description of goods and / or Services :

TOTAL QUANTITY:

46A: /Documents Required: DRAFT TO BE DRAWN AT SIGHT ON US BEARING THE CLAUSE DRAWN UNDER L/C NO.ALONG WITH THE FOLLOWING : 1. Signed Commercial invoice in one original and Three copies quoting our L/C no. and date 2. Full set (3/3) of clean on board ocean bill of Lading made out the order of .and notify .. and marked freight pre-paid. 3. Certificate of inspection issued by Societe General De Surveillance on quality, quantity, weight and supervision of lading at load port in 3 original. 4. Certificate of Origin Issued by a chamber of commerce from the country of origin 5. Packing List in three copies 47A: /Additional Conditions : 1. PLUS/MINUS 5 PCT IN QUANTITY AND VALUE IS ACCEPTABLE 2. ONE SET OF SHIPPING DOCUMENTS IS TO BE FAXED TO L/C APPLICANT FAX NO. . WITHIN 5 DAYS FROM THE DATE OF SHIPMENT 3. THIRD PARTY DOCUMENTS ACCEPTABLE 4. CHARTER PARTY B/L ACCEPTABLE 5. ONLY DRAFT & INVOICE TO BEAR L/C REFERENCE. NO. OTHER DOCUMENT SHOULD BEAR L/C NUMBER, DATE OR NAME OF BANK ISSUING L/C. 6. THE CREDIT IS SUBJECT TO ICC PUBLICATION 1993 REVISION BROCHURE NO. 500 71B: /Charges : ALL CHARGES OUTSIDE , EXCEPT L/C CONFIRMATION CHARGES ARE ON ACCOUNT OF BENEFICIARY /Period for Presentation: DRAFTS AND DOCUMENTS MUST BE PRESENTED FOR NEGOTIATION WITHIN 27 DAYS FROM B/L/DATE BUT WITHIN THE VALIDITY OF THE CREDIT /Confirmation Instructions : CONFIRM
Reimbursing Bank

48:

49:
53A:

78:

/Instructions to Paying / Accepting / Negotiating Bank :

WE AUTHORISE YOU TO CLAIM REIMBURSEMENT FROM OUR ACCOUNT NO WITH .. BANK IN (CITY)
57A: Advise through Bank

72:

Sender to receiver Information PLEASE ADVISE THIS CREDIT TO THE BENEFICIARY

(END OF MESSAGE)

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