Sample L/C  Message Text   (UCP 600)

Message Type 700

Receiver:

Receiver Message text:

:27:   Sequence of total:    1/1

:40A: Form of L/C:           Irrevocable

:20:   L/C  Number:

:31C: Date of issue:

:40E: Applicable rules:     UCP 600

:31D: Date and place of expiry:

:50:   Applicant:

:59:   Beneficiary:

:32B: Currency code, Amound:            USD (US Dollar)    Amount : #.........................#

:41D: Available ...by.. name & adress: Any bank in ……(country)………….BY Negotiation

:42C: Drafts at:                                 Draft at sight

:42D: Drawee – name & adress:           Issuing bank

:43P:  Partial Shipment:                              Allowed

:43T: Transhipment:                           Not allowed

:44E: Port of loading:

:44C: Latest day of shipment:

:45A: Description of goods and/or services: …… MT Of …at USD…………/MT

:46A: Documents required:

+Signed Commercial Invoice in triplicate

+Full set of clean on board ocean Bill of Lading made out to the order of marked “freight prepaid”

+Certificate of Quality issued and signed by the SGS surveyor

+Certificate of Quantity issued and signed by the SGS surveyor

+Packing list in duplicate.

:47A: Additional conditions:

+1) This credit will be subject to the UCP 2007 revision ICC publication no 600.

+2) All documents to be presented in duplicate unless otherwise specified.

+3) 5 pct more or less in amount and quantity are acceptable (if any)

+4) All bank charges in the (Name of Country) and reimbursement fees are for account of beneficiary.

+5) Beneficiary is to send one set of non-negotiable documents to applicant within 5 days after delivery. The original courier receipt to accompany the documents for negotiation.

+6) Void.

+7) Shipment prior to L/C date is not acceptable.

+8) All documents must show this L/C no. And date of issue.

+9) Documents acceptable in spite of any and all discrepancies with the exception that invoice value drawn may not exceed the maximum letter of credit value and the Letter of credit may not be expired.

+10) All the documents must conform to the terms and conditions of the L/C on first presentation.

+11) Notwithstanding any instructions to the contrary, a USD ....... fee shall be charged to the beneficiary for discrepant documents. This deduction must be indicated in the negotiating bank's covering schedule. Where applicable, issuing Bank shall also deduct from proceeds being costs relating to Reimbursement/payment/remittances.

+12) Please be informed that Saturday is to be considered a non-banking business day for our trade finance processing/operations unit although our bank may otherwise be open for business.

+13) Documents must be presented not later than 21 days after the date of issuance of the delivery order (s). Nevertheless such presentation must be after the expiry of this credit.

+14) All documents must be in English language.

+15) Negotiating bank to despatch documents to issuing bank only when documents are as per strict terms and conditions of the L/C.

:48:   Period for presentation:

Documents must be presented within ……..days after shipment date and within validity terms of this documentary credit 

:49:    Confirmation instructions:              Without

:53A: Reimbursement bank:

:71B: Charges:

:72:   Sender to receiver informations (bank to bank):

:78:   Instrunctions to the paying/ Accepting/ Negotiating bank:

+Amount drawn must be endorsed on the reverse hereof.

+Payment will be effected within 3 days upon receipt of documents at issuing bank counter

+Documents to be couriered in one lot to ………… bank in one lot via courier.

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