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LCs Payment within 5 working days?? Draft NON-NEGOTIABLE SEA WAYBILL AND LINER WAYBILL Irrevocable Reimbursement Undertaking IRU SWIFT mt 768 LC on FOB basis LC: AWB ADDRESSED TO THIRD PARTY, COMBINED DRAWING AGAINST 2 LCS Unencumbered LC MT720 vs MT700 Fm warehouse to warehouse String Sale in Incoterm 2010 LC and using DDU terms of delivery

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restricted l/c 8 hours 18 min ago Hi Kurt, i agree with pan 18 hours 45 min ago IMHO 1 day 14 min ago Hi Pan, the reimbursement 1 day 1 hour ago Split 1 day 2 hours ago Double draft, the second one....... 1 day 4 hours ago Irrevocable Reimbursement Undertaking IRU 1 day 7 hours ago acknowledgement 1 day 16 hours ago Outside the scope of UCP 1 day 17 hours ago It is difficult sometimes 1 day 17 hours ago

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Swift Codes

Disclaimer: the codes reflect the world pre UCP 600: the following does not take into consideration the modified fields 44 A (place of taking in charge) 44E port of loading, 44F port of discharge, 44 B Place of final destination; as well as the new fields: 50 B Non-Bank issued LC, and 40 E (Applicable Rules

EXPORT LETTERS OF CREDIT COMMUNICATION AND PAYMENT Letters of credit in favor of exporters in the United States are usually sent by SWIFT and in a prescribed format. A SWIFT format indicates the issuing bank at the top (received from) and has numbers at the left for specific information such as: 31C: date credit issued 31D: expiration date 50: order customer (account party) 59: beneficiary (the exporter - usually customer of the bank) 41D: available by payment or by negotiation 42C: tenor of drafts 42D: bank on which drafts are drawn 44A: shipping dispatch point: place of export 44B: shipping destination point: place of import 44C: latest shipping date (year/month/day) 45A: goods being shipped and terms of trade (FOB, CIF, etc.) 46A: documents required to draw under letter of credit 47A: additional conditions: this is often where it mentions if TT reimbursement is acceptable (TT means tested teletransmission) 48: period for presentation of documents (if silent, 21 day maximum after shipping date on bill of lading, but within expiry date; see UCP500, 43a) 49: confirmation instructions: requests advising bank to confirm; usually states without, i.e. no confirmation. 53A: issuing banks U.S. correspondent who will act as reimbursing bank 71B: who pays for banking charges outside the issuing banks country? Usually beneficiary pays for charges in the United States. 72: bank to bank information: almost always states that the credit

is operative and subject to the UCP 500. However, the SWIFT convention is that all letters of credit sent by SWIFT are subject to the Uniform Customs and Practices (UCP) for Documentary Credits (Number 500 revised in 1993). 78: instructions to advising bank: includes information on where documents are to be sent and from which U.S. bank to claim