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    Lc-Verbaige Uob

    Uploaded by

    Louis Y
    This document contains a draft format for an irrevocable, assignable letter of credit. The letter of credit is issued by XXXXX for USD XXX millions in favor of COMPANY LIMITED in Thailand. It allows for partial shipments of goods from warehouses in Thailand to trucks for delivery ex-work. Required documents include signed commercial invoices and delivery orders indicating the letter of credit number and date. Additional conditions specify document language, prohibited combined presentations, verification requirements, and deduction of fees for discrepancies or payment.

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

    Lc-Verbaige Uob

    Uploaded by

    Louis Y
    287 views3 pages
    This document contains a draft format for an irrevocable, assignable letter of credit. The letter of credit is issued by XXXXX for USD XXX millions in favor of COMPANY LIMITED in Thailand. It allows for partial shipments of goods from warehouses in Thailand to trucks for delivery ex-work. Required documents include signed commercial invoices and delivery orders indicating the letter of credit number and date. Additional conditions specify document language, prohibited combined presentations, verification requirements, and deduction of fees for discrepancies or payment.

    Original Description:

    LV VERBAIGE

    Original Title

    LC-VERBAIGE UOB

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    © © All Rights Reserved

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    This document contains a draft format for an irrevocable, assignable letter of credit. The letter of credit is issued by XXXXX for USD XXX millions in favor of COMPANY LIMITED in Thailand. It allows for partial shipments of goods from warehouses in Thailand to trucks for delivery ex-work. Required documents include signed commercial invoices and delivery orders indicating the letter of credit number and date. Additional conditions specify document language, prohibited combined presentations, verification requirements, and deduction of fees for discrepancies or payment.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    287 views3 pages

    Lc-Verbaige Uob

    Uploaded by

    Louis Y
    This document contains a draft format for an irrevocable, assignable letter of credit. The letter of credit is issued by XXXXX for USD XXX millions in favor of COMPANY LIMITED in Thailand. It allows for partial shipments of goods from warehouses in Thailand to trucks for delivery ex-work. Required documents include signed commercial invoices and delivery orders indicating the letter of credit number and date. Additional conditions specify document language, prohibited combined presentations, verification requirements, and deduction of fees for discrepancies or payment.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    APPENDIX D: DRAFT FORMAT OF LETTER OF CREDIT

    MESSAGE TYPE: 700


    PRIORITY: NORMAL
    SENDER: XXXXX
    RECEIVER: UOVBTHBKXXX
    ---------------------------- MESSAGE TEXT ----------------------
    : 40A: FORM OF DOCUMENTARY CREDIT:
    IRREVOCABLE, ASSIGNABLE

    : 20 : DOCUMENTARY CREDIT NUMBER:


    XXXXXXX

    : 31C: DATE OF ISSUE:


    DD.MM.2023

    : 40E: APPLICABLE RULES:


    UCP LATEST VERSION

    : 31D: DATE AND PLACE OF EXPIRY:


    DD.MM.2023

    : 50 : APPLICANT:

    : 59 : BENEFICIARY:

    COMPANY LIMITED,
    1168/16 13th fl. Lumpini Tower Building Rama IV Road,
    Thungmahamek, Sathorn Bangkok 10120 Thailand
    ACCOUNT NO. 704-166-7560

    : 32B: CURRENCY CODE, AMOUNT:


    CURRENCY: USD
    AMOUNT: XXX,000,0000.00 (XXX millions usd)

    : 39A: PERCENTAGE CREDIT AMOUNT TOLERANCE


    10 / 10

    : 41D: AVAILABLE WITH …BY…:


    ANY BANK
    BY NEGOTIATION

    : 42C: DRAFTS AT...:


    At sight

    : 42D: DRAWEE:
    XXXXXXX

    Page 1 of 3
    : 43P: PARTIAL SHIPMENTS:
    PERMITTED

    : 43T: TRANSSHIPMENT:
    PERMITTED

    : 44E: PORT OF LOADING:


    ANY WHEREHOUSE IN THAILAND

    : 44F: PORT OF DISCHARGE:


    EX-WORK

    : 44C: LATEST DATE OF SHIPMENT:


    21 DAYS BEFORE EXPIRY

    : 45A: DESCRIPTION OF GOODS:

    : 46A: DOCUMENTS REQUIRED:


    +SIGNED COMMERCIAL INVOICE IN 4 ORIGINALS AND 4 COPIES

    +SIGNED AND DATED DELIVERY ORDER IN 4 COPIES MADE OUT TO XXXXXX FOR
    THE ACCOUNT OF APPLICANT DULY COUNTERSIGNED AND CHOPPED BY THE
    AUTHORISED SIGNATORY (IES)OF APPLICANT ACKNOWLEDGING SAFE RECEIPT
    OF MERCHANDISE IN GOOD ORDER AND DELIVERY ORDER MUST INDICATE
    DELIVERY FROM EX-WORK THAILAND TO TRUCK.

    : 47A: ADDITIONAL CONDITIONS:


    +ALL DOCUMENTS MUST INDICATE OUR LETTER OF CREDIT NUMBER AND
    DATE.

    +ALL DOCUMENTS PRESENTED MUST BE ISSUED IN ENGLISH AND PRESENTED


    THROUGH BENEFICIARY'S BANKER.

    +PRESENTATION OF DOCUMENTS UNDER COMBINED DOCUMENTARY CREDITS


    IS STRICTLY PROHIBITED.

    +APPLICANT'S COUNTER SIGNATURE ON DELIVERY ORDER MUST BE VERIFIED


    AND DULY STAMPED BY xxxxxx

    +A PAYMENT FEE OF USDXXX.00 WILL BE DEDUCTED FROM THE


    PROCEEDS UPON PAYMENT. Total Value XXXUSD x XXX,00MT
    Total XXX,000,000.00 USD.

    +A DISCREPANCY FEE OF xxx USD. WILL BE DEDUCTED FROM THE PROCEEDS


    IF DOCUMENTS ARE PRESENTED WITH DISCREPANCY/IESAND ACCEPTANCE OF
    SUCH DISCREPANT DOCUMENTS WILL NOT IN ANY WAY ALTER THE TERMS
    AND CONDITIONS OF THIS CREDIT.

    : 48 : PERIOD FOR PRESENTATION IN DAYS:


    AFTER DELEVERY ORDER DATE

    Page 2 of 3
    : 49 : CONFIRMATION INSTRUCTIONS:
    WITHOUT

    : 71D: CHARGES:
    ALL CHARGES OTHER THAN THE ISSUING BANK/AMENDMENT CHARGES ARE
    FOR ACCOUNR OF BENEFICIARY.

    : 78 : INSTRUCTION TO BANK:
    +THE AMOUNT OF EACH DRAWING MUST BE ENDORSED ON THE REVERSE OF
    THIS CREDIT.
    +DRAFTS AND DOCUMENTS ARE TO BE FORWARDED TO XXXXXXXXXX IN ONE
    LOT BY COURTER.
    +UPON RECEIPT OF DOCUMENTS CONFORMING TO THE TERMS OF THIS CREDIT
    WE UNDERTAKE TO REIMBURSE THE NEGOTIATING BANK IN ACCORDANCE
    WITH THEIR INSTRUCTION ON MATURITY.

    : 57D: ADVISE THROUGH BANK:


    UNITED OVERSEAS BANK, THAILAND
    SWIFT CODE: UBOBTHBK

    ………………………………………………………………………………………………………………………………………………………………

    Page 3 of 3

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