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3.21 SBLC Sample

This document provides a sample SBLC (standby letter of credit) message text that could be sent via SWIFT MT760 format. The sample text outlines the key terms of an SBLC being issued, including parties, amount, expiration, and payment conditions.

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Abdul Mutalib
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246 views2 pages

3.21 SBLC Sample

This document provides a sample SBLC (standby letter of credit) message text that could be sent via SWIFT MT760 format. The sample text outlines the key terms of an SBLC being issued, including parties, amount, expiration, and payment conditions.

Uploaded by

Abdul Mutalib
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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SBLC  MT760  ACCEPTED  VERBIAGE  SAMPLE  


 
 
2-­‐10  /SBLC20-­‐012  DRAFT  ONLY  
FIN760  
SENDER  :     BANK  CODE  
BANK  NAME  &  ADDRESS  
RECEIVER  :  PBBEMYKLXXX  
PUBLIC  BANK  BERHAD,  MALAYSIA  
-­‐MESSAGE  TEXT  (DRAFT)  
27:     SEQUENCE  OF  TOTAL  :  1/1  
20:     UNDERTAKING  REFERENCE  NUMBER         XXXXXXXXXXXXXXXXX  
23:     FURTHER  IDENTIFICATION         XXXXXXXXXXXXXX  
30:     DATE  :  DD/MMM/YYYY  
40C  :  APPLICABLE  RULES  OTHRS  
52D:    ISSUER:  (NAME  OF  ISSUING  BANK  –  ADDRESS  -­‐  COUNTRY)  
59:     BENEFICIARY:  XXXXXX    
56D:    ADVISING  :  (NAME  OF  ADVISING  BANK  –  ADDRESS  –  COUNTRY)  
49  :     CONFIRMATION  INSTRUCTIONS:  CONFIRM.  
BY  (NAME  OF  CONFIRMING  BANK)  
32B:   UNDERTAKING  AMOUNT  
  CURRENCY  :  USD  (UNITED  STATES  DOLLAR)  
  AMOUNT  :  XXXXXX  (IN  WORD  XXX  MILLION  ONLY)  
77C  :  UNDERTAKING  TERMS  AND  CONDITIONS  /  DETAILS  OF  GUARANTEE:  
   
STANDBY  LC  NO.  :  XXXXXXXX  
DATE  OF  ISSUE  :  DD/MMM/YYYY  
DATE  AND  PLACE  OF  EXPIRY  :  366  DAYS  FROM  DATE  OF  ISSUANCE  /  AT  OUR  COUNTERS  
AMOUNT:  USDXXXXX  (IN  WORD)  
CONTRACT  REFERENCE  NUMBER:  
PROFORMA  INVOICE  NO.:    
 
BANK  OF  ISSUANCE  :  SWIFT  CODE  
BANK  NAME  :  XXX  –  ADDRESS  -­‐  COUNTRY  
  APPLICANT  ACCOUNT  NAME  :  XXX  
  APPLICANT  ACCOUNT  NUMBER  :  XXXXXXXXXXXXX  
APPLICANT  ADDRESS  :  XXX,  COUNTRY  
 
BANK  OF  BENEFICIARY  :  PBBEMYKLXXX  
PUBLIC  BANK  BERHAD,  DAMANSARA  JAYA  BRANCH,  MALAYSIA  
  RECEIVER  ACCOUNT  NAME  :  NOTA  ENERGY  RESOURCES  SDN  BHD  
  RECEIVER  ACCOUNT  NUMBER  :  XXXXXXXXX  
  RECEIVER  ADDRESS  :  XXXXXX,  COUNTRY.  
 
 
WE,   XXX   BANK   NAME                                 AT   THE   REQUEST   OF   THE   APPLICANT   (                                                       )   HEREBY   ISSUE  
OUR   IRREVOCABLE   UNCONDITIONAL   STANDBY   LETTER   OF   CREDIT   NO.   XXXXXXXXXXXX   IN   FAVOR   OF   PBBEMYKL   PUBLIC  
BANK   BERHAD,   ADDRESSES   AT   1,3&5   JALAN   SS22/23,   DAMANSARA   JAYA,   47400   PETALING   JAYA,   MALAYSIA,   FOR  
EXTENDING   CREDIT   FACILITY   GRANTING   TO   (BENEFICIARY)   NOTA   ENERGY   RESOURCES   SDN   BHD,   OFFICE:   57/1,   JALAN   TU   3,  
TAMAN   TASIK   UTAMA,   75450   AYER   KEROH,   MELAKA,   MALAYSIA   FOR   AMOUNT   OF   USD10,000,000   (IN   WORD:   US  
DOLLARS                           )   AS   SECURITY   FOR   DELIVERY   OF   GOODS   ACCORDING   TO   MENTIONED   IN   SPA   CONTRA   REFERENCE  
NUMBER               ,  DULY  SIGNED  BY  THE  BENEFICIARY  AND  THE  APPLICANT  AND  PROFORMA  INVOICE.¥  
 
THIS  SBLC  MAY  BE  CONSIDERED  AS  SECURITY  FOR  YOUR  CREDIT  FACILITY  TO  BE  EXTENDED  TO  NOTA  ENERGY  RESOURCES  
SDN   BHD,   OFFICE:   57/1,   JALAN   TU   3,   TAMAN   TASIK   UTAMA,   75450   AYER   KEROH,   MELAKA,   MALAYSIA   WHO   WILL   BE  
SUPPLYING   THE   GOODS   FOR   THE   APPLICANT       XXXXXXXXXXX       IN   CONSIDERATION   OF   YOUR   SANCTIONING   OF   THE  
CREDIT   TO  NOTA   ENERGY  RESOURCES  SDN  BHD,  THIS  STANDBY  LETTER  OF  CREDIT  WILL  BE  AVAILABLE  BY  PAYMENT  UPON  
RECEIPT  OF  BENEFICIARY'S  FIRST  PRESENTATION  OF  SIMPLE  DEMAND  TO  US  THROUGH  AUTHENTICATED  SWIFT.  
 
ALL  DOCUMENTS  SHOULD  BE  ISSUED  IN  ENGLISH  LANGUAGE.  
 
AND  SHOULD  BEAR  THE  NUMBER  OF  THIS  SBLC.  
 
ALL  BANKING  CHARGES  OTHER  THAN  THE  ISSUING  BANK  CHARGES  ARE  FOR  THE  BENEFICIARY.  
 
OUR   UNDERTAKING   IS   VALID   FOR   366   DAYS   FROM   TRANSMISSION   HEREOF   AND   EXPIRES   COMPLETELY   AND   AUTOMATICALLY   IF  
YOUR  WRITTEN  REQUESTS  FOR  PAYMENTS  NOT  PRESENTED  ON  OR  BEFORE  THAT  DATE.  
 
PAYMENTS  SHALL  BE  MADE  WITHOUT  SET-­‐OFF,  AND  SHALL  BE  UNENCUMBERED  FREE  AND  CLEAR  OF  ANY  DEDUCTIONS,  CHARGES,  
FEES  OR  WITHHOLDING  OF  ANY  NATURE,  NOW  OR  HEREINAFTER  IMPOSED,  LEVIED,  COLLECTED,  WITHHELD  OR  ASSESSED  BY  THE  
GOVERNMENT  OF  COUNTRY  OF  ISSUER,  OR  ANY  POLITICAL  SUBDIVISION  OR  AUTHORITY  THEREOF  OR  THEREIN.  
 
THIS   STANDBY   LETTER   OF   CREDIT   IS   FULLY   CASH   BACKED   WITH   FUNDS   ON   DEPOSIT   THAT   ARE   GOOD,   CLEAN   CLEARED   OF  
 
72  :     SENDER  TO  RECEIVER  
PLEASE  ADVISE  TO  PBBEMYKL  
PUBLIC  BANK  BERHAD,  AT  1,3&5  JALAN  SS22/23,  DAMANSARA  JAYA,  47400  PETALING  JAYA,  MALAYSIA  
 
 
REGARDS  
 
BANK  NAME  
XXXXXXXXXXXXXXXXXXX  
 
 
 
 
 
 
 
 
 
 

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