Letter Of Credit Sample

F27: Sequence of Total

Number: 1/

Total: 1

F40A: Form of Documentary Credit

IRREVOCABLE

F20: Documentary Credit Number

F31C: Date of Issue

200708 2020 JULY 08

F40E: Applicable Rules

Applicable Rules: UCP LATEST VERSION

F31D: Date and Place of Expiry

Date: format 000000  01 Jan 2021 

Place: NEW ZEALAND

F51D: Applicant Bank – Party Identifier – Name and Address

Name and Address:

CITI BANK 

NEW YORK 

Bank Code 

F50: Applicant

Your Company Name 

Address Line 1 

Address Line 2 

Address Line 3 

F59: Beneficiary

Name and Address:

NZ Forest Products Group 

Level 27 PWC Tower 188 Quay Street

AUCKLAND, NEW ZEALAND.

F32B: Currency Code, Amount

Currency: USD US DOLLAR

Amount: 000,000.00

F39A: Percentage Credit Amount Tolerance

Tolerance 1: 0/

Tolerance 2: 0

F41D: Available With … By … – Name and Address – Code

Name and Address: TO BE NOMINATED BY NZ FOREST PRODUCTS GROUP LTD 

Code: BY NEGOTIATION

F42C: Drafts at …

180 DAYS FROM DATE OF ACCEPTANCE

F42A: Drawee – Party Identifier – Identifier Code

Identifier Code:

BANK CODE 

Name of Bank 

Address of Bank line 1 

Address of Bank Line 2 

Address of Bank line 3 

Provence Country 

F43P: Partial Shipments

PERMITTED

F43T: Transhipment

PERMITTED

F44E: Port of Loading/Airport of Departure

PORTS OF TAURANGA,NEW ZEALAND

F44F: Port of Discharge/Airport of Destination

FINAL PORT DESTINATION 

F44C: Latest Date of Shipment

000000   2021 Jan 01 

F45A: Description of Goods and/or Services

COMMODITY :NEW ZEALAND RADIATA PINE LOGS FOR VOLUME TOTAL   CBM TOTAL

USD 150,000.000  CRF DESTINATION PORT  

NO.00 DTD DATE OF THE BENEFICIARY

F46A: Documents Required

1.BENEFICIARY’S MANUALLY SIGNED COMMERCIAL INVOICES IN THREE

COPIES MADE OUT IN THE NAME OF APPLICANT CERTIFYING THE GOODS

TO BE OF NEW ZEALAND ORIGIN QUOTING IMPORT UNDER OGL OF THE ITC

POLICY 2015-21.INVOICE MUST CERTIFY THAT GOODS HAVE BEEN

DESPATCHED AS PER PROFORMA INVOICE NO. MENTIONED ABOVE(FIELD 45A)

2. FULL SET OF SIGNED, CLEAN,”SHIPPED ON BOARD”OCEAN BILL OF

LADING MADE OUT TO ORDER OF ORIGINATING BANK , BANK CODE 

MARKED FREIGHT PREPAID AND 

NOTIFYING APPLICANT EVIDENCING SHIPMENT OF MERCHANDISING STATED 

ABOVE AND INDICATING LC NUMBER AND DATE.THIRD PARTY BILL OF 

LADING NOT ACCEPTABLE. ANY MANUAL AMENDMENT/RECTIFICATION ON 

BILL OF LADING IS NOT ACCEPTABLE.

3.CERTIFICATE IN DUPLICATE ISSUED BY SHIPPING COMPANY/SHIPPING

COMPANY’S AGENT THAT VESSEL IS REGISTERED WITH AN APPROVED

CLASSIFICATION SOCIETY AS PER INSTITUTE CLASSIFICATION CLAUSE

AND CLASS MAINTAINED EQUIVALENT TO LLOYDS 100A1 AND THE VESSEL

IS SEA WORTHY.

4.MARINE INSURANCE  TO TE ACCOUNT OF THE APPLICANT  TERMS CRF OR IF TERMS ARE CIF POLICY/CERTIFICATE IN DUPLICATE DATED NOTLATER THAN B/L UNTO ORDER AND BLANK ENDORSED FOR 10PCT OVER CIFVALUE OF GOODS COVERING ALL MARINE RISKS,INSTITUTE CARGO CLAUSE

A) INSTITUE WAR CLAUSE(CARGO) AND INSTITUTE SRCC CLAUSE (CARGO)

INSTITUTE WAREHOUSE CLAUSE COVERING DELIVERY UPTO APPLICANT’S

WAREHOUSE CLAIMS PAYABLE IN ICOUNTRY OF DESTINATION .ALL RISKS TO

BE COVERED IN CONFIRMITY WITH THE CURRENT INSTITUE CARGO)CLAUSE.

5.CERTIFICATE OF ORIGIN IN TRIPLICATE ISSUED BY THE CHAMBER

OF COMMERCE CERTIFYING THE GOODS TO BE OF NEW ZEALAND ORIGIN.

6.PACKING LIST IN TRIPLICATE ISSUED BY THE EXPORTER.

7.PHYTOSANITARY CERTIFICATE IN DUPLICATE.

F47A: Additional Conditions

1.ONE FULL SET OF NON NEGOTIABLE DOCUMENTS TO BE COURIERED TO

THE APPLICANT AT THEIR ADDRESS (FIELD50)WITHIN 05 WORKING DAYS

FROM THE DATE OF SHIPMENT.A CERTIFICATE TO THIS EFFECT FROM THE

BENEFICIARY ALONG WITH ORIGINAL COURIER RECEIPT MUST ACCOMPANY

THE ORIGINAL SET OF DOCUMENTS.

2.ALL DOCUMENTS MUST BE DATED AND MUST QUOTE THIS L/C NO.AND

DATE.

3.ALL ALTERATIONS MUST BE AUTHENTICATED WITH FULL AND SAME

SIGNATURE OF THE ISSUER WITH STAMP.

4. IN CASE OF DISCREPANT DOCUMENTS WHICH MAY BE ACCEPTABLE AT

OUR SOLE DISCRETION, A FEE OF USD 100.00 WILL BE LEVIED TO THE

ACCOUNT OF THE BENEFICIARY AND WILL BE DEDUCTED FROM THE

PROCEEDS OF THE BILL.

5. NOTWITHSTANDING ANYTHING CONTAINED HEREIN ABOVE, IF THE

DUE DATE OF THE BILLS DRAWN UNDER AND IN COMPLIANCE TO THE

TERMS OF THE LC FALLS ON A LOCAL HOLIDAY IN THE PRIMARY PLACE

OF BUSINESS OF THE LC ISSUING BRANCH THEN THE PAYMENT WILL BE EFFECTED ON THE SUBSEQUENT BANKING DAY. FOR THE PURPOSE OF THIS DOCUMENTARY

CREDIT, ALL SATURDAYS AND SUNDAYS ARE TREATED AS NON-BANKING

DAYS. THE ISSUING BANK IS NOT LIABLE FOR ANY DELAY OR CLAIMS

OR OF OVERDUE INTEREST ARISING OUT OF THE SAME.

6.ALL BANK CHARGES OUTSIDE COUNTRY OF ISSUE  ARE FOR THE ACCOUNT OF 

BENEFICIARY.

7.SEND THE ORIGINAL DOCUMENTS AT OUR FOLLOWING ADDRESS:

NAME OF BANK 

ADDRESS OF BANK LINE 1

ADDRESS OF BANK LINE 2

ADDRESS OF BANK LINE 3,

PROVENCE COUNTRY 

F71B: Charges

ALL BANK CHARGES OUTSIDE COUNTRY OR ORIGIN ARE

FOR THE ACCOUNT OF BENEFICIARY

F48: Period for Presentation

WITH IN 21 DAYS FROM DATE OF

SHIPMENT.

F49: Confirmation Instructions

WITHOUT

F78: Instructions to the Paying/Accepting/Negotiating Bank

PLEASE ACKNOWLEDGE BY MT730.DOCUMENTS MUST BE SENT IN TWO SETS

TO US.ALL NEGOTIATIONS MUST BE ENDORSED ON THE BACK OF THIS

CREDIT.NEGOTIATION UNDER RESERVE NOT PERMITTED.NEGOTIATING

BANK’S FORWARDING SCHEDULE MUST CERTIFY THAT ALL TERMS AND

CONDITIONS OF THIS L/C ARE COMPLIED WITH.UPON RECEIPT OF FULL

DOCUMENTS IN STRICT COMPLIANCE WITH TERMS OF THIS LC WE SHALL

PAY AS PER NEGOTIATING BANKS INSTRUCTIONS ON DUE DATE. 

NOTWITHSTANDING ANYTHING CONTAINED ABOVE, WE SHALL CLOSE THIS 

LETTER OF CREDIT THIRTY (30) DAYS AFTER THE DATE OF EXPIRY OF 

THE CREDIT IF DOCUMENTS ARE NOT PRESENTED TO US COMPLYING 

PRESENTATION PERIOD UNDER UCP600.

F57A: ‘Advise Through’ Bank – Party Identifier – Identifier Code

Identifier Code:

NZFP NOMINATED BANK CODE 

NAME OF BANK 

NEW ZEALAND NZ

F72: Sender to Receiver Information

EXCEPT AS OTHERWISE EXPRESSLY

STATED,THIS DOC.CREDIT IS SUBJECT

TO UCPDC(2007 REV.)ICC PUBL.NO 600