DOCUMENTARY LETTER OF CREDIT MT700 SPECIMEN

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SWIFT OUTPUT : MT700 ISSUE OF A DOCUMENTARY CREDIT
SENDER : XXXXXXX
XXXXXXXXXXXX
XXXXXXXX
RECEIVER : XXXXXXX
XXXXXXXXXXXX
XXXXXXXX
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27 SEQUENCE OF TOTAL
NUMBER 1
TOTAL 1
40A FORM OF DOCUMENTARY CREDIT
IRREVOCABLE CONFIRMED
20 DOCUMENTARY CREDIT NUMBER
XXXXXXXXXXXXXX
31C DATE OF ISSUE
XXXXXX
40E APPLICABLE RULES
UCP LATEST VERSION
31D DATE AND PLACE OF EXPIRY
XXX DATE XXX XXX PLACE XXX
52D: ISSUING BANK - NAME & ADDRESS
XXXXXXXXXXXXX
XXXXXXXXXXXXX
BIC: XXXXXXXX
50 APPLICANT
XXXXXXXXXXXXX
XXXXXXXXXXXX
XXXXXXXXXXXXX
BIC: XXXXXXXX
59 BENEFICIARY - NAME & ADDRESS
XXXXXXXXXXXXXXX
XXXXXXXXXXXXX
XXXXXXXXXXXX
XXXXXXXXXXXXX
32B CURRENCY CODE, AMOUNT
CURRENCY USD
AMOUNT 30,000,000.00
39A PERCENTAGE CREDIT AMT TOLERANCE
TOLERANCE 10/10
41A AVAILABLE WITH
ANY BANK IN XXX COUNTRY XXX
BY NEGOTIATION
42C DRAFTS AT
90 DAYS FROM ROA
42A DRAWEE
XXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX,
 XXXXXXXXXXXXXXXXXXXXX
BIC: XXXXXXXXXXX
43P PARTIAL SHIPMENTS
NOT ALLOWED
43T TRANSHIPMENT
ALLOWED
44E PORT OF LOADING/AIRPORT OF DEP.
ANY SAFE PORT AT XXXXXXXX, XXX COUNTRY XXX.
44F PORT OF DISCHARGE/AIRPORT OF DESTINATION
ANY SAFE PORT AT XXXXXXXX, XXX COUNTRY XXX.
44C LATEST DATE OF SHIPMENT
23XXXX
45A DESCRIPTION OF GOODS AND/OR SERVICES CONTRACT:
NO: XXX/XXX- XXX/II/2023
XXXXXXX, QUANTITY: X0.000 METRIC TONS (+/-10PCT), PRICE XX.00$
TERM: XXX XXXXX XXXXX FOR TOTAL VALUE: USD 30,000,000.00
SPECIFICATIONS:
XXXXXXXXXXX
XXXXXXXXXXX
XXXXXXXXXXX
XXXXXXXXXXX
46A DOCUMENTS REQUIRED
SELLER WILL PRESENT THE BELOW FOLLOWING DOCUMENTS:
1. SIGNED INVOICE AS PER CONTRACT VALUE INDICATING CONTRACT NO. AND
LC NO. ISSUED BY SELLER IN 01 ORIGINAL AND 03 COPIES.
2. REPORT OF ANALISIS (ROA) IN 01 ORIGINAL AND 03 COPIES.
3. SIGNED ORIGINAL CONTRACT IN 01 ORIGINAL AND 03 COPIES.
4. LOADING SCHEDULE SIGNED BY BUYER AND SELLER IN 01 ORIGINAL AND
03 COPIES.
5. XXXX ACCEPTANCE APPROVAL LETTER CERTIFICATE FROM BUYER BY
INDEPENDENT INSPECTION AGENCY CERTIFICATE IN 01 ORIGINAL AND 03 COPIES.
6. GOODS HANDOVER CERTIFICATE IN 01 ORIGINAL AND 03 COPIES.
7. BENEFICIARY CERTIFICATE IN 01 ORIGINAL AND 03 COPIES, CERTIFYING THAT THE
SELLER WILL DELIVER THE GOODS IN GOOD ORDER AS PER AGREED DELIVERY
SCHEDULE AND VIA SELLER’S BANK TO BUYER’S BANK BY COURIER WITHIN 14 DAYS
AFTER B/L DATE, WILL PRESENT DOCUMENTS:
A. COMMERCIAL I N V O I C E A C C O R D I N G T O T H E B Y I N D E P E N D E N T
INSPECTION AGENCY CERTIFICATE AT LOADING PORT INDICATING CONTRACT
NO. XXXXXXXXXXXXXX,
B. SHIP NAME AND B/L NO. IN 03 ORIGINALS AND 03 COPIES.
C. FULL SET OCEAN BILLS OF LADING IN 3 ORIGINALS AND 03 COPIES,
(STATED THE TOTAL QUANTITIES, NAME OF LOADING AND DISCHARGING
PORT, CONSIGNED TO THE ORDER AND MARKET FREIGHT PAYABLE AS PER
CHARTER PARTY”. NOTIFY PARTY TO ORDER.
D. CERTIFICATE OF ORIGIN ISSUED BY XXX COUNTRY XXX CHAMBER OF
COMMERCE IN 01 ORIGINAL AND 02 COPIES.
E. CERTIFICATE OF CARGO QUALITY ANALYSIS IN 01 ORIGINAL AND 02
COPIES ISSUED BY INDEPENDENT INSPECTION AGENCY AT LOADING PORT.
 F. DRAFT SURVEY REPORT INSPECTION AGENCY AT LOAD PORT ISSUED BY
INDEPENDENT INSPECTION AGENCY AT LOAD PORT IN 01ORIGINAL AND 02
COPIES
G. CERTIFICATE OF WEIGHT IN 01 ORIGINAL AND 02 COPIES ISSUED BY
INDEPENDENT INSPECTION AGENCY AT LOADING PORT.
H. COMPLETE SET OF “CLEAN ON BOARD” OCEAN BILL OF LADING MADE
OUT TO ORDER, BLANK ENDORSED MARKED “FREIGHT PAYABLE AS PER
CHARTER PARTY” NOTIFYING THE BUYER WITH FULL NAME AND ADDRESS IN
01 ORIGINAL AND 03 COPIES.
47A ADDITIONAL CONDITIONS
1. ALL DOCUMENTS MUST BE DATED, SIGNED AND ISSUED IN ENGLISH
LANGUAGE.
2. CHARTER PARTY B/L IS ACCEPTABLE.
3. THIRD PARTY DOCUMENTS ARE ACCEPTABLE.
4. T/T REIMBURSEMENT IS ALLOWED
5. L/C AMOUNT UNDERDRAW/OVERDRAW DUE TO PRICE ADJUSTMENT
ACCEPTABLE.
6. BOTH QUANTITY AND AMOUNT 10 PCT MORE OR LESS ARE ALLOWED.
7. TYPOGRAPHICAL ERRORS OR SPELLING MISTAKES SHALL NOT BE PART OF
DISCREPANCIES.
8. IF DIFFERENT AMOUNT BETWEEN 100PCT INVOICE AS PER CONTRACT
VALUE AND 100PCT COMMERCIAL INVOICE, THE DIFFERENCE MUST BE PAID
BY BUYER TO SELLER OR SELLER TO BUYER DIRECTLY BY T/T OUTSIDE L/C.
71B CHARGES
ALL BANKING CHARGES AND INTEREST IF ANY OUT SIDE THE ISSUING BANK
ARE FOR ACCOUNT OF BENEFICIARY
48 PERIOD FOR PRESENTATION
DOCUMENTS MUST BE PRESENTED WITHIN 14 DAYS AFTER THE B/L DATE BUT
WITHIN THE VALIDITY OF THIS CREDIT
49 CONFIRMATION INSTRUCTIONS
WITHOUT
78 INSTRUCTIONS TO THE PAYING/ACCEPTING/NEGOTIATING BANK:
1. UPON RECEIPT OF THE DOCUMENTS AND DRAFTS IN COMPLIANCE WITH
THE TERMS OF THE CREDIT, WE SHALL UNDERTAKE AS PER YOUR
INSTRUCTION.
2. NEGOTIATION BY PRESENTING BANK TO FORWARD ONE FULL SET OF
DOCUMENTS TO THE ISSUING BANK BY COURIER, AT BENEFICIARY'S EXPENSE,
UNDER SWIFT ADVICE TO: XXXXXXXXXX, XXXXXXXXXXXXXXX, XXXXXXX,
XXXXXX, XXXXXXXXX, XXXXXXXXX, BIC: XXXXXXXXXXXXXXX.
3. THE ISSUING BANK WILL ACCEPT THE DOCUMENTS AND PAYMENT UNDER
THIS CREDIT TO THE BENEFICIARY'S BANK BEFORE SHIPMENT BY SWIFT MT752
IN ACCORDANCE WITH THEIR INSTRUCTION UPON RECEIPT OF THE
DOCUMENTS REQUIRED FULLY COMPLYING WITH LC TERMS AND
CONDITIONS GOVERNING SUCH ISSUANCE.
4. THE ISSUING BANK WILL ACCEPT THE DOCUMENTS AND EFFECT PAYMENT
UNDERTHIS CREDIT TO THE BENEFICIARY'S BANK IN ACCORDANCE
WITHTHEIR INSTRUCTION UPON RECEIPT OF THE DOCUMENTS REQUIRED
 FULLY COMPLYING WITH LC AND TERMS AND CONDITIONS GOVERNING
SUCH ISSUANCE.
57A 'ADVISE THROUGH' BANK - PARTY IDENTIFIER - IDENTIFIER CODE ACCOUNT
NAME:
BANK: XXXXXXXXXX
SWIFT CODE: XXXXXXXXXX
72 SENDERS TO RECEIVER INFORMATION
THIS L/C IS SUBJECT TO UCP FOR DOCUMENTARY CREDIT S (2007 REVISION)
ICC PUBLICATION 600.