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    DLC TEMPLATE Transferrable1

    Uploaded by

    syedibrahimmuazzam

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    DLC TEMPLATE Transferrable1

    Uploaded by

    syedibrahimmuazzam
    66 views2 pages

    Copyright

    © © All Rights Reserved

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    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    66 views2 pages

    DLC TEMPLATE Transferrable1

    Uploaded by

    syedibrahimmuazzam

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
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    DLC BUYERS TO SELLERS

    DRAFT DOCUMENTARY LETTER OF CREDIT FORMAT


    SAMPLE VERBIAGE - SWIFT MT700

    SENDER:

    BANK NAME:

    BANK ADDRESS:

    ACCOUNT NAME:

    ACCOUNT NO:

    SWIFT CODE:

    BANK OFFICER PHONE:

    REPRESENTED BY:

    BANK OFFICER:

    BANK E- MAIL:

    RECEIVER

    BENEFICIARY:

    BANK NAME:

    BANK ADDRESS:

    ACCOUNT NAME:

    ACCOUNT NUMBER:

    SWIFT CODE:

    REPRESENTED BY:

    BANK OFFICER:

    BANK PHONE:

    BANK OFFICER E-
    MAIL:

    WEB SITE:
    WE, "XXXXXXXXX", HEREBY ISSUE OUR IRREVOCABLE DOCUMENTARY LETTER OF CREDIT

    NO.XXXXXXXX IN FAVOUR OF xxxxxxxxxxxxxxxxxxxxxxx", ADDRESS


    ATxxxxxxxxxxxxxxxxxxxxxx, ( HEREINAFTER THE BENEFICIARY) , THE BEARER OR
    HOLDER THERE OF, THE SUM OF USD$ XXXXXXXXXXXXXXXXXXXX ( UNITED STATES
    DOLLARS XXXXXXXXXXXXXXXXXX) AND IRREVOCABLY AND UNCONDITIONALLY PROMISE TO PAY
    WITHOUT PROTEST OR NOTIFICATION, UPON FIRST WRITTEN DEMAND ACCEPTED BY
    US VIA AUTHENTICATED SWIFT.

    SUCH PAYMENT SHALL BE MADE WITHOUT SET- OFF AND BE FREE AND CLEAR OF ANY
    DEDUCTIONS, CHARGES, FEES, OR WITHHOLDINGS OF ANY NATURE NOW OR HERE AFTER
    IMPOSED.

    PARTIAL DRAWINGS ARE PERMITTED, THE RIGHT TO PERFORM THIS LETTER OF CREDIT BY
    THIRD SIDES ARE ALLOWED ONLY AFTER NOTIFICATION OF THE ISSUER AND PAYMENT OF
    ANY TRANSFER FEE, ASSIGNMENT OF PROCEEDS ARE ALLOWED.

    THIS DOCUMENTARY LETTER OF CREDIT IS CALLABLE, TRANSFERABLE, BE CONFIRMED ON A


    BANK TO BANK SCREEN BASIS. THIS DOCUMENTARY LETTER OF CREDIT CAN BE IDENTIFIED
    AS FOLLOWS:
    DLC NUMBER:
    ISSUING BANK:
    ISIN:
    FACE VALUE:

    THIS DOCUMENTARY LETTER OF CREDIT IS CLEAN, CLEAR AND FREE OF ANY LEVY, LIEN OR
    ENCUMBRANCES, AND THE RULE OF FULL DISCLOSURE HAS BEEN ESTABLISHED THAT THESE
    ASSETS ARE LEGALLY OBTAINED FROM NON- CRIMINAL BUSINESS ACTIVITIES AND IS FREELY
    AVAILABLE FOR PAYMENT ON FIRST CALL AND TO SERVE AS COLLATERAL FROM TODAY’ S
    DATE TO SECURE ANY LOAN, CREDITLINE OR CREDIT FACILITY.

    THERE ARE NO RESTRICTIONS ON THIS DOCUMENTARY LETTER OF CREDIT.


    THIS DOCUMENTARY LETTER OF CREDIT IS SUBJECT TO AND GOVERNED BY THE RULES ON
    INTERNATIONAL STANDBY PRACTICES ( ISP9 8 ) AND AS TO MATTERS NOT GOVERNED BY THE
    ISP9 8 . IT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF
    (____COUNTRY_______________).

    FOR AND ON BEHALF OF ______________ BANK

    ___________________ _______________________
    AUTHORIZED SIGNATURE AUTHORIZED SIGNATURE
    NAME: ( BANK OFFICER’ S NAME)
    NAME: ( BANK OFFICER’ S NAME)
    TITLE: TITLE:
    BANK DEPARTMENT: BANK DEPARTMENT:
    PIN CODE NUMBER: PIN CODE NUMBER:

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