This document is an irrevocable documentary letter of credit from [Issuing Bank Name] establishing credit of a specified amount for the benefit of the beneficiary. It specifies terms including the expiry date six months after shipment date, that the credit is irrevocable, details about the applicant and beneficiary, currency and amount, acceptable documents including invoices and transport documents, and that partial shipments and transshipment are not allowed. The letter of credit commits the issuing bank to honor complying drafts up to the stated amount.
This document is an irrevocable documentary letter of credit from [Issuing Bank Name] establishing credit of a specified amount for the benefit of the beneficiary. It specifies terms including the expiry date six months after shipment date, that the credit is irrevocable, details about the applicant and beneficiary, currency and amount, acceptable documents including invoices and transport documents, and that partial shipments and transshipment are not allowed. The letter of credit commits the issuing bank to honor complying drafts up to the stated amount.
This document is an irrevocable documentary letter of credit from [Issuing Bank Name] establishing credit of a specified amount for the benefit of the beneficiary. It specifies terms including the expiry date six months after shipment date, that the credit is irrevocable, details about the applicant and beneficiary, currency and amount, acceptable documents including invoices and transport documents, and that partial shipments and transshipment are not allowed. The letter of credit commits the issuing bank to honor complying drafts up to the stated amount.
Swift MT700: Irrevocable Documentary Letter of Credit
Sender: [Name and Address of Issuing Bank]
Receiver: [Name and Address of Beneficiary] Message Header {1:F01[Issuing Bank Code][Sender's BIC Code]} {2:I700[Issuing Bank Code][Serial Number][Message Type Number]} {4:[Issuer's Reference Number][Issue Date][Currency Code][Amount]} {20:Documentary Credit Number} Message Text {31C: [Date and Place of Expiry] SIX MONTHS AFTER THE SHIPMENT DATE} {40A: [Form of Documentary Credit] IRREVOCABLE} {20: [Documentary Credit Number]} {31D: [Date and Place of Shipment]} {50: [Applicant's Name and Address]} {59: [Beneficiary's Name and Address]} {32B: [Currency Code] [Amount]} {39A: [Percentage Credit Amount Tolerance]} {41A: [Available With... By...]} {42C: [Drafts At] [Number of Days After Sight]} {42A: [Drawee]} {43P: [Partial Shipments] NOT ALLOWED} {43T: [Transshipment] NOT ALLOWED} {44A: [Place of Taking in Charge / Dispatch]} {44E: [Port of Loading]} {44F: [Port of Discharge]} {44B: [Place of Final Destination]} {45A: [Description of Goods and/or Services]} {46A: [Documents Required]} {47A: [Additional Conditions]} {48: [Period of Presentation]} {49: [Confirmation Instructions]} {78: [Instructions to the Paying/Accepting/Negotiating Bank]} {71B: [Charges]} {72: [Sender to Receiver Information]} We hereby undertake to honor all drafts drawn under this LC, which are in compliance with the terms and conditions set forth herein, up to the amount stated. Sincerely, [Name and Signature of Authorized Officer] [Title] [Issuing Bank Name and Address]