What will be the Looks of A Standard L/c Format ?

Learn Apparel Merchandising, Learn Fashion design.
DRAFT OF A L/C TEXT
40A:    Form of Documentary Credit
            IRREVOCABLE, CONFIRMED, TRANSFERABLE
20:       /Documentary Credit Number
31C:    /Date of Issue:
31D:    /Date and Place of Expiry:
51:       /Applicant Bank
50:       /Applicant
59:       /Beneficiary:
32B:    Currency Code, Amount:
            UNITED STATES DOLLARS
39A:    Percent Credit Amount Tolerance: 05/05
41D:    /Available With .. By …:
42C:    /Drafts at :
            AT SIGHT
42D:    Drawee:
43P:    /Partial Shipment
            ALLOWED
43T:    /Transshipment:
            PROHIBITED
44A:    /Loading on Board/Dispatch/Taking in Charge At/FromPort:
44B:    /For Transportation To:
            ASWP

44C:    /Latest Date of Shipment

(45 DAYS FROM THE DATE OF RECEIPT IN THE BENIFICIARY BANK)
45A:    /Description of goods and / or Services :
            TOTAL QUANTITY:
46A:    /Documents Required:
DRAFT TO BE DRAWN AT SIGHT ON US BEARING THE CLAUSE DRAWN UNDER L/C
NO………………….ALONG WITH THE FOLLOWING :
1.      Signed Commercial invoice in one original and Three copies quoting our L/C no. and date
2.      Full set (3/3) of clean on board ocean bill of Lading made out the order of ………….and notify ………….. and marked freight pre-paid.
3.      Certificate of inspection issued by Societe General De Surveillance on quality, quantity, weight and supervision of lading at load port in 3 original.
4.      Certificate of Origin Issued by a chamber of commerce from the country of origin
5.      Packing List in three copies
47A:    /Additional Conditions :
1.      PLUS/MINUS 5 PCT IN QUANTITY AND VALUE IS ACCEPTABLE
2.      ONE SET OF SHIPPING DOCUMENTS IS TO BE FAXED TO L/C APPLICANT FAX NO. ………………. WITHIN 5 DAYS FROM THE DATE OF SHIPMENT
3.      THIRD PARTY DOCUMENTS ACCEPTABLE
4.      CHARTER PARTY B/L ACCEPTABLE
5.      ONLY DRAFT & INVOICE TO BEAR L/C REFERENCE. NO. OTHER DOCUMENT SHOULD BEAR L/C NUMBER, DATE OR NAME OF BANK ISSUING L/C.
6.      THE CREDIT IS SUBJECT TO ICC PUBLICATION 1993 REVISION BROCHURE NO. 500
71B:    /Charges :
ALL CHARGES OUTSIDE ………… , EXCEPT L/C CONFIRMATION CHARGES ARE ON ACCOUNT OF BENEFICIARY
48:       /Period for Presentation:
DRAFTS AND DOCUMENTS MUST BE PRESENTED FOR NEGOTIATION WITHIN 27 DAYS FROM B/L/DATE BUT WITHIN THE VALIDITY OF THE CREDIT
49:       /Confirmation Instructions :
            CONFIRM

53A:    Reimbursing Bank

78:       /Instructions to Paying / Accepting / Negotiating Bank :
            WE AUTHORISE YOU TO CLAIM REIMBURSEMENT FROM OUR ACCOUNT NO……………… WITH ……….. BANK IN ……… (CITY)

57A:    Advise through Bank

72:       Sender to receiver Information
            PLEASE ADVISE THIS CREDIT TO THE BENEFICIARY
(END OF MESSAGE)


Thanks and best regards
Bipul
Facebook Comments

You may also like...

1 Response

Leave a Reply