DRAFT TEXT MT 700 LETTER OF CREDIT

INCOMING MESSAGE TYPE : FIN 700 ISSUE OF A

DOCUMENTARY CREDIT
RECEIVED FROM :
NETWORK PRIORTY : NORMAL
MESSAGE OUTPUT REFERENCE : XXXXX
CORRESPONDENT INPUT REFERENCE : XXXXX

SENDER : SWIFT CODE
BUYERS BANK NAME
ADDRESS

RECEIVER : SWIFT CODE
SELLERS BANK NAME (OR CONFIRMING
BANK IF CONFIRMED)
ADDRESS

27 / SEQUENCE OF TOTAL : 1/1

40A/ FORM OF DOCUMENTARY CREDIT : IRREVOCABLE
20 / DOCUMENTARY CREDIT NUMBER : XXXXX
31C/ DATE OF ISSUE: 2008/XX/XX
31D/ DATE AND PLACE OF EXPIRY: 2008/XX/XX, CONFIRMING
BANKS
PLACE

51A/ APPLICANT BANK _ NAME/ADDRESS: SWIFT CODE
BUYERS BANK NAME
BANK ADDRESS

50 / APPLICANT: BUYERS NAME
BUYERS ADDRESS
59 / BENEFICIARY: SELLERS NAME
SELLERS ADDRESS

32B/ CURRENCY CODE, AMOUNT: USD XXX (WORDS)
39A/ PERCENTAGE CREDIT
TOLERANCE: PLUS XX PERCENT, MINUS XX PERCENT

39B/ MAXIMUM CREDIT AMOUNT: XXX

41A/ AVAILABLE WITH ..BY..-NAME/ADDR: SWIFT BIC CODE
CONFIRMING BANK
ADDRESS,
BY PAYMENT

42C/ DRAFTS AT: SIGHT

42A/ DRAWEE NAME AND ADDRESS: SWIFT CODE
BUYERS BANK NAME
BANK ADDRESS

43P/ PARTIAL SHIPMENT : ALLOWED

43T/ TRANSSHIPMENT : ALLOWED

44A/ ON BOARD/DISP/TAKING CHARGE: PORT NAME
44B/ FOR TRANSPORTATION TO: PORT NAME

44D/ SHIPMENT PERIOD: XXX

45A/ DESCRIPTION OF GOODS AND/OR SERVICE:
+ XXX MT OF COMMODITY NAME
46A/ DOCUMENTS REQUIRED:
+ BENEFICIARYS DRAFT AT SIGHT DRAWN ON BUYERS BANK NAME,
ADDRESS, PHONE NUMBER, MARKED DRAWN UNDER BUYERS BANK NAME
IRREVOCABLE LETTER OF CREDIT NO. XXX DATED XXX

+ FULL SET (3 ORIGINALS AND 3 COPIES) OF CLEAN ON-BOARD
BILLS OF LADEN MARKED "FREIGHT PREPAID" INDICATING SELLER AS THE
SHIPPER, XXX AS THE CONSIGNEE AND XXX AS THE
NOTIFYING PARTY.

+ PACKING LIST: 3 ORIGINALS AND 3 COPIES

+ COMMERCIAL INVOICE SIGNED BY SELLER.
INDICATING THIS LC NUMBER, THE AMOUNT TO BE PAID AND A FULL
DESCRIPTION OF GOODS

47A/ ADDITIONAL CONDITIONS:

+ BOTH QUANTITY AND AMOUNT X PERCENT MORE OR LESS ARE ALLOWED

+ CHARTER PARTY BILLS OF LADING AND THIRD PARTY DOCUMENTS ARE ALLOWED

+ AS PER 41A, THIS LETTER OF CREDIT IS AVAILABLE WITH CONFIRMING
BANK, ADDRESS, BY PAYMENT ON OR BEFORE INSERT EXPIRY DATE AT 15:30
HOURS CONFIRMING BANKS PLACE, TIME.

+ DOCUMENTS AS PER 46A MUST BE PRESENTED AT THE COUNTERS OF
CONFIRMING BANK, ADDRESS, ATTN: XXX, TEL. XXX BEFORE THE DATE AND
TIME OF EXPIRY.

+ UPON RECEIPT OF DOCUMENTS FOR PAYMENT AS PER 46/A WE WILL CREDIT
ANY AMOUNT PAYABLE AS STATED IN THE BENEFICIARYS DRAFT WITH A VALUE
DATE NO LATER THAN TWO BANKING DAYS AFTER THE DATE OF OUR RECEIPT OF
ANY CONFORMING SET OF DOCUMENTS FOR PAYMENT AS PER 46/A. FUNDS WILL
BE AVAILABLE TO BENEFICIARY BY DEPOSIT ON THE ACCOUNT NUMBER AND BANK
PROVIDED IN THE BENEFICIARYS DRAFT AS PER 46A WITHOUT ANY DEDUCTIONS
AND NO LATER THAN TWO BANKING DAYS AFTER PRESENTATION.

+ DOCUMENTS AS PER 46A MAY BE SENT TO CONFIRMING BANK, ADDRESS, ATTN:
XXX, TEL. XXX VIA DHL WORLDWIDE COURIER. IN SUCH EVENT, DOCUMENTS
WILL BEAR THE NUMBER OF THE DHL SHIPMENT AIR WAYBILL. THE DATE AND
TIME OF DELIVERY AS CONFIRMED BY THE DHL TRACKING SYSTEM SHALL
CONSTITUTE THE DATE AND TIME OF PRESENTATION OF SUCH DOCUMENTS AT THE
COUNTERS OF THE PAYING BANK.

+ ALL BANKING CHARGES ARE FOR THE ACCOUNT OF THE APPLICANT.

+ THIS LC IS SUBJECT TO THE ICC RULES UCP600.

48 / PERIOD FOR PRESENTATION : DOCUMENTS MUST BE PRESENTED WITHIN
THE VALIDITY OF THIS CREDIT

49 / CONFIRMATION INSTRUCTIONS : CONFIRM

78 / INSTRUC TO PAY/ ACCPT/ NEGOT BANK
WE AGREE THAT THE DRAFTS DRAWN IN CONFORMITY WITH THE TERMS OF
THIS CREDIT SHALL BE DULLY HONOURED ON PRESENTATION. WE SHALL
EFFECT PAYMENT TO YOU ACCORDING TO YOUR INSTRUCTIONS. A
DISCREPANCY FEE USD54.00 SHALL BE DEDUCTED FROM THE DRAWING
AMOUNT, FOR EACH PRESENTATION OF DISCREPANT DOCUMENTS UNDER THIS
DOCUMENTARY CREDIT.

:57A: ADVISE THROUGH: SWIFT CODE
SELLERS ADVISING BANK NAME
ADDRESS

72 / SENDER TO RECEIVER INFORMATION : /TELBEN/

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