DRAFT VERBIAGE - SWIFT MT 760 - SBLC

WE, THE UNDERSIGNED, .......................................................................(Bank name and Address) HEREBY

WITH FULL BANK RESPONSIBILITY, IRREVOCABLY AND UNCONDITIONALLY, WITHOUT PROTEST
OR NOTIFICATION , PROMISE TO PAY AGAINST THIS STANDBY LETTER OF CREDIT
( SBLC ) ....................( insert SBLC number ) TO THE ORDER OF ...............................................( seller's
full name ), THE BEARER OR HOLDER THEREOF , AT MATURITY , THE SUM
OF ....................................................( amount in words) IN LAWFUL CURRENCY OF THE UNITED
STATES OF AMERICA, UPON PRESENTATION AND SURRENDER OF THIS SBLC AT THE ISSUING
OFFICE OR ANY OT THEIR OFFICES WORLD WIDE.

SUCH PAYMENT SHALL BE MADE WITHOUT SET-OFF AND FREE, CLEAR OF ANY DEDUCTIONS,
CHARGES AND FEES, OR WITHOLDING OF ANY NATURE , PRESENTLY OR IN THE FUTURE
IMPOSED, LEVIED, COLLECTED, WITHELD ,OR ASSESSED BY THE GOVERNMENT OF THE ISSUING
BANK OR ANY POLITICAL SUB-DIVISION OR AUTHORITY AND THEREIN AND THEREOF.

THIS STANDBY LETTER OF CREDIT IS FULLY CASH BACKED AND UNCONDITIONALLY CALLABLE
UPON MATURITY BY BENEFICIARY'S BANK , ON FIRST DEMAND.
THIS STANDBY LETTER OF CREDIT IS DERIVED FROM GOOD, CLEAN, FUNDS, CLEAR OF ANY
ENCUMBRANCES AND ARE OF NON-CRIMINAL ORIGIN. FURTHER MORE , THIS SBLC CAN BE
RELIED UPON FOR THE PURPOSES OF OBTAINING CREDIT LINES OR LOANS, ETC.

THIS SBLC IS CONSTRUED AND GOVERNED BY THE UNIFORM CUSTOMS AND PRACTICE FOR
DOCUMENTARY CREDITS AS SET FORTH BY THE INTERNATIONAL CHAMBER OF COMMERCE ,
PARIS, FRANCE. PUBLICATION NO. 600. LATEST EDITION.

THIS SWIFT TRANSMISSION IS VERIFIABLE BANK TO BANK ONLY ON A RESPONSIBLE INQUIRY.

THIS STANDBY LETTER OF CREDIT ( insert sblc number ) IS VALID FOR TWELVE MONTHS AND ONE
DAY FROM THE --- DAY--- MONTH ----YEAR AND EXPIRES ON THE ---- DAY OF ----- MONTH --- YEAR.

FOR AND ON BEHALF OF ISSUING BANK

BANK OFFICER 1 BANK OFFICER 2

NAME: NAME:
TITLE: TITLE:
ID/ PIN ID / PIN
TELEPHONE NO: TELEPHONE NO:
FAX: FAX NO:
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