XXX101 DDMMYYYY
: 40A: FORM OF DOCUMENTARY CREDIT:
IRREVOCABLE TRANSFERABLE
: 20 : DOCUMENTARY CREDIT NUMBER:
XXXXXXX
: 31C: DATE OF ISSUE:
DD.MMM.YYYY
: 40E: APPLICABLE RULES:
UCP LATEST VERSION
: 31D: DATE AND PLACE OF EXPIRY:
90 DAYS AFTER ISSUANCE AT OUR COUNTERS
: 50 : APPLICANT:
XXXXXXX,
XXXXXXX
XXXXXXX
: 59 : BENEFICIARY:
XXXXXXX,
XXXXXXX
XXXXXXX
: 32B: CURRENCY CODE, AMOUNT:
CURRENCY: USD / EUR
AMOUNT: XXXXXXX
: 41D: AVAILABLE WITH …BY…:
STDMDMDMXXX
BY PAYMENT
: 42C: DRAFTS AT...:
SIGHT / XX DAYS FROM BL / XX DAYS FROM TBL / XX DAYS
FROM FCR / XX DAYS FROM SIGHT/ XX DAYS FROM BILL OF
LADING DATE.
: 42D: DRAWEE:
STANDARD COMMERCE BANK LTD
: 43P: PARTIAL SHIPMENTS:
ALLOWED / NOT ALLOWED
: 43T: TRANSSHIPMENT:
ALLOWED / NOT ALLOWED
: 44E: PORT OF LOADING:
XXXXXXXXXX
: 44F: PORT OF DISCHARGE:
XXXXXXXXX
: 44C: LATEST DATE OF SHIPMENT:
XX DAYS BEFORE EXPIRY
: 45A: DESCRIPTION OF GOODS:
XXXXXXXXX AS PER PRO FORMA INVOICE NO. XXXXXXXXX DATED
DD.MMM.YYYY
XXX, XXXXXXXXX
.
: 46A: DOCUMENTS REQUIRED:
1. 3 OF 3 ORIGINAL OCEAN BILLS OF LADING PLUS 2 COPY(IES)
CONSIGNED TO THE ORDER OF STANDARD COMMERCE BANK LTD, 25
XXX101 DDMMYYYY
VICTORIA STREET, ROSEAU, COMMONWEALTH OF DOMINICA, AND
NOTIFY: THE APPLICANT AND XXX-BUYER-XXXXX AND MARKED
FREIGHT PREPAID/COLLECT.
2. SIGNED COMMERCIAL INVOICE ISSUED BY THE BENEFICIARY IN
ONE ORIGINAL PLUS THREE COPIES.
3. DETAILED PACKING LIST IN ONE ORIGINAL AND THREE COPIES.
4. AN ORIGINAL CERTIFICATE OF ORIGIN AND THREE COPIES
CERTIFYING THE GOODS TO BE OF XXXXX ORIGIN.
5. BENEFICIARY’S STATEMENT CONFIRMING THAT ONE FULL SET OF
COPIES OF NON NEGOTIABLE SHIPPING DOCUMENTS HAS BEEN
SENT DIRECTLY TO THE APPLICANT WITHIN 3 DAYS FROM THE
SHIPMENT DATE BY DHL COURIER. COURIER RECEIPT FOR THE
SAME MUST BE ATTACHED TO THIS DOCUMENT.
6. AN AUTHENTICATED SWIFT MESSAGE SENT BY THE OPENING BANK
TO THE ADVISING BANK, STATING THAT THE APPLICANT HAS
INSPECTED THE GOODS PRIOR TO SHIPMENT AND THAT SHIPMENT
IS AUTHORIZED. .
7. PRE-SHIPMENT INSPECTION CERTIFICATE ISSUED AND SIGNED BY
AN OFFICER OF XXXXXXXXXXXXXXXXXX. ON THE LETTERHEAD OF
XXXXXXXXXXXXXXXXXXXXX. STATING THAT THE GOODS HAVE BEEN
INSPECTED PRIOR TO SHIPMENT AND THAT SHIPMENT IS
AUTHORIZED, WHERE THE SIGNATURE OF THE OFFICER OF
XXXXXXXXXXXXXXXXXX. CONTAINS A VERIFICATION OR GUARANTEE
STAMPED BY STANDARD COMMERCE BANK LTD AND SIGNATURE OF
AN AUTHORIZED SIGNER OF STANDARD COMMERCE BANK LTD.
8. INSURANCE POLICY OR CERTIFICATE COVERING AT LEAST 110
PERCENT OF THE INVOICE VALUE AGAINST INSTITUTE CARGO
CLAUSES (ALL RISKS), WAR, S.R.C.C., THEFT, PILFERAGE AND NON-
DELIVERY, SHORT SHIPMENT WITH CLAIMS PAYABLE AT DESTINATION.
SETTLING AGENT’S NAME AND ADDRESS MUST BE INDICATED.
: 47A: ADDITIONAL CONDITIONS:
THE DOCUMENTARY CREDIT IS SUBJECT TO THE VERSION OF THE
ICC UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY
CREDITS, INTERNATIONAL CHAMBER OF COMMERCE, PARIS,
FRANCE, WHICH IS IN EFFECT ON THE DATE OF ISSUE.
THIS LETTER OF CREDIT IS NOT SUBJECT TO THE SECOND
PARAGRAPH OF ARTICLE 35 OF UCP 600. WE ASSUME NO
LIABILITY OR RESPONSIBILITY FOR THE CONSEQUENCES ARISING
OUT OF DELAY, LOSS IN TRANSIT, OR MUTILATION IN THE
DELIVERY OF DOCUMENTS AND, IF DOCUMENTS FORWARDED BY A
NOMINATED BANK ARE LOST IN TRANSIT OR MUTILATED, WE MAY
REQUIRE DUPLICATE ORIGINAL DOCUMENTS BEFORE REIMBURSING
THE NOMINATED BANK.
THE NEGOTIATING BANK MUST FORWARD THE REQUIRED DOCUMENTS
IN ONE LOT VIA OVERNIGHT COURIER TO STANDARD COMMERCE
BANK LTD, 25 VICTORIA STREET, ROSEAU, COMMONWEALTH OF
DOMINICA ATTN: LETTER OF CREDIT DEPT.
WHEN COMMUNICATING WITH US, PLEASE MENTION OUR LETTER OF
CREDIT NUMBER XXXXXXXX.
XXX101 DDMMYYYY
.
1. ALL PARTIES TO THIS LETTER OF CREDIT ARE ADVISED THAT
THE U.S. GOVERNMENT HAS IN PLACE CERTAIN SANCTIONS
AGAINST CERTAIN COUNTRIES, INDIVIDUALS, ENTITIES, AND
VESSELS. ISSUING BANK FOR THIS LC, IS/WILL BE PROHIBITED
FROM ENGAGING IN TRANSACTIONS OR OTHER ACTIVITIES WITHIN
THE SCOPE OF APPLICABLE SANCTIONS.
2. DOCUMENTS MUST BE ISSUED IN ENGLISH.
3. ALL DOCUMENTS MUST BEAR THE NUMBER OF THIS LETTER OF
CREDIT.
4. INSURANCE IS COVERED BY THE BUYERS.
5. THIS LETTER OF CREDIT IS TRANSFERABLE. ANY TRANSFER MUST
BE CONSISTENT WITH THE REGULATIONS OF THE U.S. OFFICE OF
FOREIGN ASSETS CONTROL IN EFFECT AT THE TIME OF THE
TRANSFER. THE ADVISING BANK IS AUTHORIZED TO EFFECT THE
TRANSFER OF THIS LETTER OF CREDIT. IF THIS LETTER OF
CREDIT IS TRANSFERRED, THE TRANSFERRING BANK MUST ADVISE
US THE NAME, ADDRESS AND COUNTRY OF THE TRANSFEREE BY AN
AUTHENTICATED SWIFT AT THE TIME OF TRANSFER.
6. ANY WAIVER OF DISCREPANCIES ARISING FROM A DRAWING THAT
DOES NOT COMPLY WITH THE TERMS OF THIS CREDIT CAN ONLY
BE ISSUED BY EXPRESS TRADE CAPITAL, INC. WITH THE
APPROVAL OF THE ISSUING BANK.
7. WE HEREBY AGREE WITH BENEFICIARY THAT DRAFTS DRAWN UNDER
AND IN COMPLIANCE WITH THE TERMS OF THIS CREDIT SHALL BE
DULY HONORED ON DUE PRESENTATION.
8. A DISCREPANCY FEE OF ONE HUNDRED U.S. DOLLARS (USD
100.00) WILL BE ASSESSED FOR EACH SET OF DISCREPANT
DOCUMENTS. HOWEVER, THIS MUST NOT BE CONSTRUED TO MEAN
THAT DISCREPANT DOCUMENTS ARE ACCEPTABLE TO US.
DISCREPANCY FEES ARE FOR BENEFICIARY'S ACCOUNT.
9. MULTIPLE SETS OF DOCUMENTS PRESENTED UNDER ONE COVER
LETTER WILL BE CHARGED A DOCUMENT EXAMINATION FEE OF USD
190.00 FLAT PER EACH ADDITIONAL SET, WHICH WILL BE
DEDUCTED FROM THE PAYMENT.
10. ALL DOCUMENTS EXCEPT DRAFT AND BILL OF LADING MUST BE
MADE IN THE NAME OF: XXXXXXXXXXXXXXX
: 71B: DETAILS OF CHARGES:
BANK CHARGES OTHER THAN ISSUING BANK'S FOR BENEFICIARY'S
ACCOUNT.
: 48 : PERIOD FOR PRESENTATION:
DOCUMENTS MUST BE PRESENTED AT THE OFFICE OF THE
NEGOTIATING BANK WITHIN XX DAYS AFTER THE DATE OF
SHIPMENT BUT WITHIN THIS CREDIT VALIDITY
: 49 : CONFIRMATION INSTRUCTIONS:
WITHOUT
: 57D: ADVISE THROUGH BANK:
SWIFT CODE: XXXXXX
