WORDING OF THE FULLY FUNDED REVOLVING DOCUMENTARY LETTER OF CREDIT.


-Local Swift-
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Insurance Type and Transmission
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Notification (Transmission) of Original Sent to SWIFT
Network Delivery Status:............................................
Priority/Delivery:..................................................
Message Input Reference:............................................

Message:..........................................
Header:..............................................

Swift: Issue of a Fully Funded Letter of Credit Sender
APPLICANT'S BANKER'S DETAILS
Reciever:.......................................................

Message:..........................................
Text:................................................

27: Sequence of total 1/1 40A: Form of Automatically Revolving Letter of Credit
IRREVOCABLE CONFIRMED AND AUTOREVOLVING (number) TIMES

20: Letter of Credit Number:..................................................................

31C: Date of Issue:...........................................

31D: Date and place of expiry: (number of months) MONTHS AND (number of dates) DAYS FROM DATE OF ISSUE

52D: Issuing Bank of Original D/C Name & Address:............................................

50 APPLICANT:......................................

59: Beneficiary:.....................................

32B: Currency Code Ammount
Currency: USD (US Dollar)
Ammount: (full contract value here)

39A: Precentage Credit Amount Tolerance*
XX/XX

41A: Available with/by Swift Address:...................................................
IF CONFIRMED THEN NEGOTIATION RESTRICTED TO CONFIRMING BANK

42P: Payment Details
1000 PCT AT SIGHT

45A: Description of Goods and/or Services
ALL DETAILS ARE AS PER CONTRACT NO.:...........................................
DATED:............................

47A: Additional Conditions:
The applicant issues in favor of the beneficiary.....................this operative revolving letter of credit for the quantity of....................MT (+-5) valued at USD$........................(+-5). This letter of credit with automatically revolve...........times for the quantity of ...................MT(+-5) for the value of USD$...........................(+-5) until the quantity of ......................MT (+-5) valued at USD$...............................(+-5) has been fulfilled.
The beneficiary will post a 2% performance bond in favor of the applicant upon reciet, verification, authentication and confirmation of this operative revolving letter of credit.
The PB shall be returned to seller after fulfillment of contract, the PB shall be provided as a bank guarantee, and issued in favor of the applicant................................ This performance bond must be forwarded to issuing bank through bank of............................., and must make reference to this letter of credit.
This letter of credit revolves for USD$..........................(+-5) and with full assurance of USD$.......................(+-5) (THE TOTAL AMMOUNT OF THE CONTRACT).

71B: Charges
ALL BANKING CHARGES AND COMMISSIONS OTHER THAN THE BANK'S CHARGES ARE ON THE BENEFICIARY'S ACCOUNT

49 Confirmation Instruction
CONFIRM

57A: Advice Through Bank:
...........................
...........................
...........................

72: Sender to Receiver Information
//KINDLY CONFIRM HAVING NOTIFIED AND CONFIRMED L/C TO BENEFICIARIES BY RETURN SWIFT QUOTING YOUR REFERENCE



*** MUST BE ISSUED VIA SWIFT ***