Letter of Credit (Documentary Credit)
---Opens by means of full text cable (in SWIFT format)

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Received from SWIFT

Network priority: Normal

Message output Reference: 6543 010126

Message input Reference: 6543 010125

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SWIFT output delivery status: Open Asked

FI N 701 Issue of a documentary credit

Sender: The Sun Bank

Sunlight City
Import-Country

Receiver: The Moon Bank
5 Moonlight Blvd.
Export-City and Postal Code
Export-Country

NUR: SB-87654                                                  Banking priority: Normal

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20      Documentary credit number

         SB-87654

23           Issuing bank's reference

SBRE-777

31C   Date of Issue

31D Date and place of expiry
March 26, 2001, Export-City, Export-Country

32B  Currency code amount

       Twenty Five Thousand U.S. Dollars (USD 25,000.00)

39B  Maximum credit amount

       Not exceeding Twenty Five Thousand U.S. Dollars (USD 25,000.00)
40A  Form of documentary credit

       Irrevocable

41D Available with ... by ...

       Draft(s) drawn on The Moon Bank, by payment

42C Drafts at

       At sight for full invoice value

42D Drawee - Name and Address

The Moon Bank, 5 Moonlight Blvd., Export-City and Postal Code, Export-Country

43P  Partial shipments

       Prohibited

43T  Transhipments

       Permitted

44A  On board/disp/taking charge

       Moonbeam Port, Export-Country

44B  For transportation to

       Sunny Port, Import-Country

44C Latest date of shipment

March 19, 2001

45A  Description of goods and services

100 Sets 'ABC' Brand Pneumatic Tools, 1/2" drive,
complete with hose and quick couplings, CIF Sunny Port

46A  Documents required

1.       Signed commercial invoice in five (5) copies indicating the buyer's Purchase Order No. DEF-101 dated January 10, 2001.

2.       Packing list in five (5) copies.

3.       Full set 3/3 clean on board ocean bill of lading, plus two (2) non-negotiable copies, issued to order of The Sun Bank, Sunlight City, Import-Country, notify the above accountee, marked "freight Prepaid", dated latest March 19, 2001, and showing documentary credit number.

4.       Insurance policy in duplicate for 110% CIF value covering Institute Cargo Clauses (A), Institute War and Strike Clauses, evidencing that claims are payable in Import-Country.

47A  Additional conditions

1.       All documents indicating the Import License No. IP/123456 dated January 18, 2001.

2.       Draft(s) drawn under this credit must be marked: "Drawn under documentary credit No. SB-87654 of The Sun Bank, Sunlight City, Import-Country, dated January 26, 2001".

3.       This credit is subject to the Uniform Customs and Practice for Documentary Credits, 1993 Revision, International Chamber of Commerce Publication No. 500.

48    Period of presentation

Documents must be presented for payment within 15 days after the date of shipment.

49    Confirmation instructions

       Add your confirmation

50       Applicant

DEF Imports, 7 Sunshine Street, Sunlight City, Import-Country

52A  Issuing bank
       The Sun Bank, Sunlight City, Import-Country

57D Advise through bank
       The Moon Bank, 5 Moonlight Blvd., Export-City and Postal Code, Export-Country

59       Beneficiary
UVW Exports, 88 Prosperity Street East, Suite 707, Export-City and Postal Code, Export-Country

71B  Charges

       All charges outside the Import-Country are on beneficiary's account

72       Sender to receiver information

This is an operative instrument, no mail confirmation to follow

78       Instruction to pay/accept/negot. Bank

Documents to be forwarded to us in one lot by courier

 

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