DRAFTBG.MT760

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FIN/SESSION / ISN

OWN ADDRESS

INPUT MESSAGE TYPE 760 GUARANTE

SENT TO

INPUT TIME

MIR

PRIORYTY/OBSOL.PERIOD

——————————————————-MESSAGE TEXT———————————————————————

TO: (BENEFICIARY)

FROM: (SELLER)

dATE: (ISSUANCE DATE)

WITH REFERENCE TO THE CONTRACT NUMBER………..FOR SHIPMENT OF ——————————–

(PRODUCRS) , MADE BETWEEN………………. (SELLER) AND M/S……………………………..(BENEFICIARY)

ISSUING BANK HEREBY AT THE REQUEST OF OUR CLIENT M/S …………………………………(APPLICANT)

GUARANTEE THE GOOD PERFORMANCE OF THE OBLIGATION FOR SHIPMENT OF ABOVE ITEM BY M/S…..

…………..(SELLER) AS PER THE ABOVE MENTIONED CONTRACT TO THE EXTENT OF USD………………..

IN CASE M/S …………… (SELLER) FAILS TO SHIP THE ABOVE QUANTITIES OF…. AS PER THE CONDITIONS

OF THE SAID CONTRACT, WE IRREVOCABLY UBDERTAKE TO HOLD AT YOUR DISPOSAL FREE OF INTEREST

AND FEES AND PAYABLE IN CASH AT OUR COUNTRES IN …………….ON YOUR FIRST WRITTEN DEMAND

ACCOMPANIED WITH A CERTIFICATE, CERTIFYING THAT M/S ……….. (SELLER) FAILED TO SHIP THE ABOVE

QUANTITES OF ………… (PRODUCT) AS PER CONTRACT NO…………. DATED ……………………..AND

NOTWITHSTANDING ANY CONTESTATION BY M/S …………………………………(SELLER.)

THIS QUARANTEE WILL BECOME OPERATIVE UPON OUR CONFIRMATION BY WAY OF AN AMENDMENT

TO THIS GUARANTEE CONFIRMING THAT M/S ………………. RECEIVED AND ACCEPTED THE LETTER OF

CREDIT NO……………..FOR US$………………..OPENED BY M/S ………………. (BENEFICIARY) AS PER

TERMS OF THE CONTRACT MENTIONED HEREIN. WE ON OUR PART WILL ISSUE THIS AMENDMENT ONLY

IF AND AFTER WE RECEIVE APPROPRIATE WRITTEN AUTHORITY FROM M/S ………………..(APPLICANT)

SUBJECT TO THE OPERATIVE CLAUSE. THIS GUARANTEE SHALL BE VALID UNTIL PRESENTATION OF THE

SHIPPING DOCUMENTS COVERING THE FULL CONSIGNMENT UNDER THE IRREVOCABLE L/C OR UNTIL..

………..(EXPIRY DATE) WHICH EVER OCCURS FIRST BY WHICH DATE CLAIMS IF ANY UNDER THIS

GUARANTEE HAVE TO BE RECEIVED BY US.

PRESENTATION TO US OF DOCUMENTS EVIDENCING SHIPMENT OF THE FULL CONSIGMENT UNDER THE

ORREVOCABLE L/C SHALL BE CONCLUSIVE THAT M/S …………… (SELLER) HAVE FULFILLED THEIR

OBLIGATION UNDER THE CONTRACT AND THIS GUARANTEE SHALL BE AUTOMATICALLY NULL AND VOID

IRRESPECTIVE OF ITS VALIDITY DATE AND WHETHER IT IS RETURNE TO US OR NOT.

THIS GUARANTEE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH LAWS OF ISSUING

NANK COUNTRY

DATED………………..AND……………….

==================================================================================== Authenticated MT760 SBLC SPECIMEN VERBIAGE

ISSUED BY : (name of issuing bank)

ADDRESS :

STAND BY LETTER OF CREDIT NUMBER:

CUSIP / ISIN NUMBER :

DATE OF ISSUE :

DATE OF EXPIRATION :

BENEFICIAIRY : (Seller) NAME

ADDRESS :

WE, HEREBY OPEN OUR, IRREVOCABLE, TRANSFERABLE STANDBY LETTER OF CREDIT IN YOUR FAVOUR

IN THE AMOUNT OF

$XXXXXXXXXXXXXXXX ((XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX) FOR

THE ACCOUNT OF (THE BUYER) COVERING: PERFORMANCE UNDER CONTRACT (Reference

FCO/PFI #)

PAYMENT IS AVAILABLE UPON PRESENTATION OF BENEFICIARY’S DRAFT MARKED “DRAWN

UNDER STAND BY LETTER OF CREDIT N° …………………. , DATED …………… ”.ACCOMPNIED BY:

BENEFICIARIY’S STATEMENT THAT A PAYMENT DUE UNDER THE CONTRACT HAS NOT

BEEN EFFECTED, THEREFORE THE AMOUNT DRAWN HEREUNDER IS DUE AND

OWING.

THIS CREDIT IS CONFIRMED BY (CONFIRMING BANK NAME) ADVISING AND NEGOTIATING

BANK (BENEFICIARY’S BANK)

WE ENGAGE WITH YOU THAT THE DRAFT DRAWN UNDER AND IN COMPLIANCE WITH THE

TERMS OF THIS LETTER OF CREDIT SHALL BE DULY HONORED UPON

PRESENTATION TO THE NEGOTIATING BANK COUNTERS, IF PRESENTED ON OR BEFORE

XXXXXX 2012 (ALLOW A YEAR AND A DAY)

THIS LETTER OF CREDIT IS AVAILABLE FOR NEGOTIATION AND PAYMENT TO THE COUNTERS OF

(NAME THE BANK) THIS LETTER OF CREDIT IS SUBJECT TO THE UNIFORM CUSTOMS AND PRACTICE

FOR DOCUMENTARY CREDITS ICC 500 (LATEST VERSION) PUBLISHED BY INTERNATIONAL

CHAMBER OF COMMERCE OF PARIS, FRANCE.

THIS IS AN OPERATIVE INSTRUMENT.

ALL CHARGES ARE FOR THE ACCOUNT OF THE APPLICANT.

Authorized Bank Officer Authorized Bank Officer

Name and title Name and title

Signature Signature

SEAL SEAL