FINAL APPROVED VERBIAGE FORMT DLC700

THIS IS TO INFORM THAT WE CAN ONLY ACCEPT AND VERIFY PROOF OF FUND BASED ON THIS BELOW
VERBIAGE/TEXT.

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DRAFT OPERATIVE DOCUMENTARY LETTER OF CREDIT FORMAT (SWIFTMT700FORMAT)

IRREVOCABLE

DRAFT LETTER OF CREDIT FORMAT (SWIFTMT700FORMAT)

FROM:

RECEIVER: ………………………
ADDRESS: ……………………………………….
SWIFT CODE: ……………………………………

ACCOUNTNUMBER: ………………………………………….

40A/FORM OF OPERATIVE TRANSFERABLE DOCUMENTARY CREDIT (0K)

IRREVOCABLE

20/DOCUMENTARY CREDIT NUMBER (OK)

XXXXXXX

40E/ APPLICABLE RULES

UCP LATEST VERSION

31C/DATE OF ISSUE (OK)

YYMMDD

31D/DATE&PLACE OF EXPIRY (OK)

YYMMDD xxx (120 days after date of issue)

50/APPLICANT (OK)
XXXXXXX

51A/ APPLICANT BANK

XXXXXX

59/BENEFICIARY(OK)
XXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXX

32B/CURRENCY CODE AMOUNT (OK)

USD XXXXXXXXX
 39A/PERCENTAGE CRDT AMT TOLERANCE
5/5

41D /AVAILABLE WITH

CONFIRMED BANK (If the issuing bank is not a

first-class bank, it is imperative to have the LC
confirmed by a first-class bank such as Citibank to
allow us to extend a 90-day credit from the BL
date.) …. BY …. ACCEPTANCE

42C/ DRAFT 90 DAYS OBL DATE

42D/ CONFIRMED BANK

43P/PARTIAL SHIPMENTS
NOT ALLOWED

43T/TRANSHIPMENT
NOT ALLOWED

44E/PORTOF LOADING (OK):

XXXXXXXXXXXXXXXXXX

44F/PORT OF DISCHARGE/AIRPORT OF DEST (OK)

XXXXXXXXXXXXXXXXXXX

44C/ LATEST DATE OF FIRST SHIPMENT(OK)

YYMMDD

45A/ DESCP OF GOODS (OK)

XXX UNIT PRICE: EURO/MT CIF PORT XXX (INCOTERMS 2000)

46A/DOCUMENTS REQUIRED (OK)

+Commercial Invoice-one original and three copies
+ Certificate of quality analysis issued by SGS or any Independent surveyor in loading port –one original and three
copies.
+Certificate of origin-one original
Three copies

47A/ADDITIONAL CONDITIONS(OK)
+ALL DOCUMENTSTOBE MADE IN ENGLISH LANGUAGE.
+THIRD PARTY DOCUMENTS ACCEPTABLE
+ ALL DOCUMENTS SHOULD BE SENDING IN ONE COVER BY COURIER SERVICE TO (ISSUING) CONFIRMING BANK
ADDRESS
 71B/CHARGES: (OK)
ALL BANK CHARGE ARE FOR ACCOUNT OF APPLICANT, ALL BANK CHARGES INSIDE XXXXXXX ARE FOR
ACCOUNT OF BENEFICIARY

48/PERIOD FOR PRESENTATION

WITHIN 10 21 DAYS AFTER THE DATE(S) OF LOADING(S) BUT WITHIN THE VALIDITY OF THE CREDIT

49/ CONFIRMATION INSTRUCTIONS: (If first class bank: CONFIRM or WITHOUT will be same… in other case: MY
ADD and all confirming charge will be by applicant: cfr our recommendation in 41D)

78/ INSTRUCTOPAY/ACCPT/NEGOT BNK (OK)

+ PAYMENT BY 100PCT OF EACH INVOICE PAYABLE AGAINST PRESENTATION OF SHIPPING DOCUMENTS

COMPLYING WITH L/C TERMS & CONDITIONS &A COPY OF NOTICE OF READINESS IS SUED BY

SHIP MASTER OR SHIPPING AGENT

+ DOCUMENTS ISSUED PRIOR TO THE LC ISSUANCE DATE ARE ACCEPTABLE

+UNLESS OTHER WISESTATED, THIS CREDIT IS SUBJECT TO THE UCP LATEST VERSION.

57A/ADVICE THROUGH BANK (OK)

SWIFTCODE:
ACCOUNT NUMBER:

72Z: SENDER TO RECEIVER INFORMATION

/MT730IS REQUIRED

(BANK OFFICER (1) (BANK OFFICER (2

NOTICE :
OUR VALIDATION, POINT BY POINT, IS CARRIED OUT WITH THE UNDERSTANDING THAT THE LETTER OF CREDIT IS
ISSUED BY AN ACCEPTABLE BANK AND CONFIRMED BY CITIBANK(CITIUS33XXX).

IF, IN THE END, THE LC IS ISSUED BY A NON-BANKING INSTITUTION OR A BANK WHOSE SIGNATURE CANNOT BE
CONFIRMED BY CITIBANK OR OUR PARTNER UBAF (UBAFSGSXXXX), WE WILL AUTOMATICALLY REJECT THE FINAL
DOCUMENT.