This letter is a template of letter of credit. This letter informs how to draft a letter and the official format for drafting a letter of credit. The letter provides details of the things to be included in the letter of credit and the content to create an effective letter.
Swift Code: __________(code number)
Form of Documentary Lc: Once it is transferred and confirmed, it is not Revocable.
Documentary credit number: _____________(number)
Issued Date: _____________ (date)
Name of Bank Issuing Letter of Credit: ______________(Bank Name)
Beneficiary Bank: ___________________ (Name of the Bank)
Opened By order of: _________________ (Name of the Authority)
Currency: ______________ (the currency used for transaction)
Credit Limit: ____________ (the maximum value)
Metric tons as per pricing Formula
Available with: ___________ (name of the authorized body)
Name of the bank confirming the letter of credit: _____________ (Name of the bank)
Date of Expiry: ______ (Date)
Payable at: _________ (payment mode)
Draft to be drawn in favor of: _________ (authorized name)
Shipment terms: _______
(Port of Discharge)
Maximum date of Shipment: _________ (the agreed period)
Partial Shipment: ______ (yes or no as agreed)
Description of Goods
____________(metric tons – quantity), based on monthly installment of ____________(units as agreed) Metric tons be it More of less a Certain per cent, per month for ___(period) months of (name of the commodity) as per the specification under the contract number____ dated_______ .