Draft 01/11/23

Sample SBLC MT760 verbiage (Standard ICC 600 Format)

SENDER.

BANK NAME :……………………………

BANK ADDRESS : …………..
SWIFT CODE : ………………………
AMOUNT : tba
ACCOUNT NUMBER : ………………………..
ACCOUNT NAME : …………..
SBLC NUMBER : ………………
APPLICANT :…………borrower……………………….
BENEFICIARY : MAEC 87 SRL
ACCOUNT NUMBER : …………
ISSUING DATE : …………………..
MATURITY DATE : ………tba………….
BANK OFFICER :………………
BANK OFFICER EMAIL : ……………….
BANK OFFICER TELEPHONE: ……………….

RECEIVER : ………To be filled when RMA list is made available to allocate a bank
BANK NAME : …………………..
BANK ADDRESS : ……………all spaces in blue are for MAEC.……..
SWIFT CODE : …………………..
ACCOUNT NAME : …………………..
ACCOUNT NO : …………………..
BANK OFFICER :………………
BANK OFFICER EMAIL : ……………….
BANK OFFICER TELEPHONE: ……………….

WE THE UNDERSIGNED, XXXXXXXXXXX BANK HEREBY IRREVOCABLY AND UNCONDITIONALLY,

WITHOUT PROTEST OR NOTIFICATION, WITH OUR FULL RESPONSIBILITY, UNDERTAKE TO PAY
AGAINST THIS BANK INSTRUMENT STANDBY LETTER OF CREDIT MT760 NO. XXXXXXXXXX TO THE
BENEFICIARY XXXXXXXXXX, THE BEARER AND HOLDER THEREOF AT MATURITY DATE OF
XXXXXXXXXXXXXXX THE SUM OF €……………. (….. MILLION EURO) UPON FIRST WRITTEN DEMAND,
SURRENDER AND PRESENTATION AT MATURITY OF THIS STANDBY LETTER OF CREDIT AT THE
OFFICE OR ANY OFFICES OF XXXXXXXXXXXXXX, OR SENT BY AUTHENTICATED SWIFT TO
XXXXXXXXXXX.

PAYMENT SHALL BE MADE WITHOUT SET-OFF FREE AND CLEAR OF ANY DEDUCTION, CHARGES,
FEES, OR WITHHOLDING OF ANY ASSESSED BY THE GOVERNMENT, OR ANY POLITICAL,
SUBDIVISION OR AUTHORITY THEREOF OR THEREIN.

WE FURTHER CONRFIRM THAT THIS AFORE MENTIONED STANDBY LETTER OF CREDIT MT760 IS
CASH BACKED, NEGOTIABLE, ASSIGNABLE, DIVISIBLE, CALLABLE AND TRANSFERABLE WITHOUT
PRESENTATION TO US AND WITHOUT THE PAYMENT OF ANY TRANSFER FEES. THIS STANDBY
LETTER OF CREDIT SHALL BE GOVERNED BY AND SHALL BE CONSTRUED IN ACCORDANCE WITH
THE LAWS OF THE COUNTRY OF THIS ISSUING BANK AND ISSUED IN ACCORDANCE WITH THE
RULES, REGULATIONS AND PRACTICES AS SET FORTH BY THE INTERNATIONAL, CHAMBER OF
COMMERCE (ICC), PARIS – FRANCE, PUBLICATION 600, LATEST REVISION.
FOR AND ON BEHALF OF XXXXXXXXXXX BANK, LOCATED AT XXXXXXXXXXX:

___________________________ _______________________
BANK OFFICER: ……….. BANK OFFICER:……………
NAME………TITLE………..PIN………….…. NAME………..TITLE……….PIN……….
EMAIL: …………….. EMAIL:………………..
TELEPHONE: ……………….. TELEPHONE:……………..