Commercial Letter Of Credit Template - Sample Page 2
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1
2ALLOWED
44E:PORT OF LOADING/AIRPORT OF DEPARTURE
LOS ANGELES, USA
44F:PORT OF DISCHARGE/AIRPORT OF DESTINATION
ANY PORT IN CHINA
44C:LATEST DATE OF SHIPMENT
XXXXXX
45A:DESCRIPTION OF GOODS
(INCLUDE BRIEF DESCRIPTION OF MERCHANDISE) AS PER PURCHASE ORDER NO. XXXXXXXX
FOB LOS ANGELES –OR FCA LOS ANGELES CONTAINER YARD/TERMINAL (UPDATE INCOTERM
ACCORDING TO TERMS OF SALE) PER INCOTERMS 2010
46A:REQUIRED DOCUMENTS
+ COPY OF COMMERCIAL INVOICE
+ COPY OF PACKING LIST
+ COPY OF CERTIFICATE OF ORIGIN
+ FULL SET ORIGINAL OCEAN BILLS OF LADING MARKED FREIGHT COLLECT,
CONSIGNED TO ORDER OF SHIPPER, BLANK ENDORSED,(UPDATE CONSIGNEE INFORMATION AS
APPLICABLE) AND (INSERT PARTY NAME), AS NOTIFY PARTY.
–OR-
+ COPY OF FORWARDER’S CARGO RECEIPT (IN CASE OF FCA) EVIDENCING DATE GOODS WERE
RELEASED BY SELLER AT PLACE OF DELIVERY
.
47A:ADDITIONAL CONDITIONS
WE HEREBY ENGAGE WITH THE BENEFICIARY THAT THE DRAFT DRAWN UNDER
AND IN COMPLIANCE WITH THE TERMS OF THIS LETTER OF CREDIT SHALL
BE HONORED BY US.
.
DOCUMENTS MUST BE SENT BY COURIER TO THE OFFICE OF (ISSUING BANK NAME,
ADDRESS).
.
PURSUANT TO U.S. LAW, WE ARE PROHIBITED FROM ISSUING,
TRANSFERRING, ACCEPTING OR PAYING LETTERS OF CREDIT TO ANY PARTY
OR ENTITY INDEMNIFIED BY THE OFFICE OF FOREIGN ASSETS CONTROL,
U.S. DEPARTMENT OF TREASURY, OR SUBJECT TO THE DENIAL OF EXPORT
PRIVILEGES BY THE U.S. DEPARTMENT OF COMMERCE.
.
THIS IRREVOCABLE LETTER OF CREDIT IS SUBJECT TO THE UNIFORM
CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS (2007 REVISION,
INTERNATIONAL CHAMBER OF COMMERCE. PUBLICATION NO. 600).
71B:CHARGES
ALL BANKING CHARGES
ARE FOR THE APPLICANT’S ACCOUNT.
48: PERIOD FOR PRESENTATION
21 DAYS FROM DATE OF SHIPMENT BUT
WITHIN THE VALIDITY OF THE LC.
49: CONFIRMATION INSTRUCTIONS
WITHOUT
57A:ADVISE THROUGH BANK
ARVTUS44XXX
ARVEST BANK
502 S. MAIN, TULSA, OKLAHOMA 74103
ATTN: INTERNATIONAL DEPARTMENT 5TH FLOOR
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