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    Letter of Credit Specimen

    Uploaded by

    Romit Singha
    The Moon Bank has advised UVW Exports that they have been requested by The Sun Bank to open an irrevocable documentary credit for $425,000 available by drafts drawn on The Moon Bank. The credit is available for the shipment of 100 sets of pneumatic tools from Moonbeam Port, Export-Country to Sunny Port, Import-Country and requires the presentation of commercial invoices, packing lists, bills of lading, insurance policies, and import license. All documents must be presented within 15 days of shipment and all charges outside of Import-Country are for the beneficiary's account.

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    Letter of Credit Specimen

    Uploaded by

    Romit Singha
    61 views2 pages
    The Moon Bank has advised UVW Exports that they have been requested by The Sun Bank to open an irrevocable documentary credit for $425,000 available by drafts drawn on The Moon Bank. The credit is available for the shipment of 100 sets of pneumatic tools from Moonbeam Port, Export-Country to Sunny Port, Import-Country and requires the presentation of commercial invoices, packing lists, bills of lading, insurance policies, and import license. All documents must be presented within 15 days of shipment and all charges outside of Import-Country are for the beneficiary's account.

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    Letter of Credit Specimen[1]

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    The Moon Bank has advised UVW Exports that they have been requested by The Sun Bank to open an irrevocable documentary credit for $425,000 available by drafts drawn on The Moon Bank. The credit is available for the shipment of 100 sets of pneumatic tools from Moonbeam Port, Export-Country to Sunny Port, Import-Country and requires the presentation of commercial invoices, packing lists, bills of lading, insurance policies, and import license. All documents must be presented within 15 days of shipment and all charges outside of Import-Country are for the beneficiary's account.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    61 views2 pages

    Letter of Credit Specimen

    Uploaded by

    Romit Singha
    The Moon Bank has advised UVW Exports that they have been requested by The Sun Bank to open an irrevocable documentary credit for $425,000 available by drafts drawn on The Moon Bank. The credit is available for the shipment of 100 sets of pneumatic tools from Moonbeam Port, Export-Country to Sunny Port, Import-Country and requires the presentation of commercial invoices, packing lists, bills of lading, insurance policies, and import license. All documents must be presented within 15 days of shipment and all charges outside of Import-Country are for the beneficiary's account.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 2

    THE MOON BANK

    INTERNATIONAL OPERATIONS 5 MOONLIGHT BLVD., EXPORT-CITY AND POSTAL CODE EXPORT-COUNTRY

    OUR ADVICE NO. MB-5432

    ISSUING BANK REF. NO. & DATE SBRE-777 January 26, 2001

    TO

    UVW Exports 88 rosp!r"ty Str!!t East, Su"t! 707 Export-#"ty an$ osta% #o$!

    Dear Sirs: We have been requested by &'! Sun Ban(, Sun%")'t #"ty, *+port-#ountry "rr!,o-a.%! documentary credit

    to advise that they have opened with us their number SB-87654 for account of in your favor for the amount of 3US425,0002005

    /E0 *+ports, 7 Suns'"n! Str!!t, Sun%")'t #"ty, *+port-#ountry not !x-!!$"n) &1!nty 0",! &'ousan$ U2S2 /o%%ars

    available by your draft(s) drawn on at invoice value

    us s")'t for 6u%%

    accompanied by the following documents: 12 S")n!$ -o++!r-"a% "n,o"-! "n 6",! 355 -op"!s "n$"-at"n) t'! .uy!r7s ur-'as! 8r$!r 9o2 /E0-101 $at!$ January 10, 20012 22 a-("n) %"st "n 6",! 355 -op"!s2

    32 0u%% s!t 3:3 -%!an on .oar$ o-!an ."%% o6 %a$"n), p%us t1o 325 non-n!)ot"a.%! -op"!s, "ssu!$ to or$!r o6 &'! Sun Ban(, Sun%")'t #"ty, *+port-#ountry, not"6y t'! a.o,! a--ount!!, +ar(!$ ;6r!")'t r!pa"$;, $at!$ %at!st Mar-' 1<, 2001, an$ s'o1"n) $o-u+!ntary -r!$"t nu+.!r2 42 *nsuran-! po%"-y "n $up%"-at! 6or 110= #*0 ,a%u! -o,!r"n) *nst"tut! #ar)o #%aus!s 3>5, *nst"tut! War an$ Str"(! #%aus!s, !,"$!n-"n) t'at -%a"+s ar! paya.%! "n *+port-#ountry2

    Covering:

    100 S!ts 7>B#7 Bran$ n!u+at"- &oo%s, 1:2; $r",!, -o+p%!t! 1"t' 'os! an$ ?u"-( -oup%"n)s, #*0 Sunny ort

    Shipment from Partial shipment

    Moon.!a+ ort, Export-#ountry #ountry pro'"."t!$

    to

    Sunny ort, *+port-

    ranshipment Special conditions:

    p!r+"tt!$

    12 >%% $o-u+!nts "n$"-at"n) t'! *+port @"-!ns! 9o2 * :123456 $at!$ January 18, 20012 22 >%% -'ar)!s outs"$! t'! *+port-#ountry ar! on .!n!6"-"ary7s a--ount2

    Documents must be presented for payment within shipment! Draft(s) drawn under this credit must be mar"ed

    15

    days after the date of

    /ra1n un$!r $o-u+!ntary -r!$"t 9o2 SB-87654 o6 &'! Sun Ban(, Sun%")'t #"ty, *+port-#ountry, $at!$ January 26, 2001 We confirm this credit and hereby underta"e that all drafts drawn under and in conformity with the terms of this credit will be duly honored upon delivery of documents as specified# if presented at this office on or before Mar-' 26, 2001

    $ery truly yours#

    %uthori&ed Signature

    'nless otherwise e(pressly stated# this Credit is sub)ect to the 'niform Customs and Practice for Documentary Credits# *++, -evision# .nternational Chamber of Commerce Publication /o! 011!

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