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SB Draft SBLC

This document is an irrevocable standby letter of credit issued by Suisse Bank PLC to [BENEFICIARY] for EUR/USD [AMOUNT]. It provides payment to the beneficiary against their first written demand accompanied by a statement that the amount is in accordance with agreement number [NUMBER]. The letter of credit is transferable and subject to UCP 600 under English law jurisdiction. Payment must be requested no earlier than 15 days before expiry within the letter of credit's validity.

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480 views2 pages

SB Draft SBLC

This document is an irrevocable standby letter of credit issued by Suisse Bank PLC to [BENEFICIARY] for EUR/USD [AMOUNT]. It provides payment to the beneficiary against their first written demand accompanied by a statement that the amount is in accordance with agreement number [NUMBER]. The letter of credit is transferable and subject to UCP 600 under English law jurisdiction. Payment must be requested no earlier than 15 days before expiry within the letter of credit's validity.

Uploaded by

Bianca Schmidthäusler
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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SBLC-DRAFT

MT760 - ISSUE OF A STANDBY LETTER OF CREDIT


.
DATE OF ISSUE
: XXXXX
.
FORM OF CREDIT
: IRREVOCABLE STANDBY
.
ISSUER
: SUISSE BANK PLC
53 DAVIES STREET
LONDON W1K 5JH
UNITED KINGDOM
.
CREDIT NUMBER
: SBSBLC/XXXXX
.
CURRENCY CODE
: EUR/USD
.
CREDIT AMOUNT
: XXXXX
.
DATE AND PLACE OF EXPIRY
: XXXXX / UNITED KINGDOM
.
APPLICANT
: XXXXX
.
BENEFICIARY
: XXXXX
.
BANK OF BENEFICIARY
: XXXXX
.
PLACE FOR PRESENTATION
: AT OUR COUNTERS
.
FORM OF PRESENTATION
: PAPER / BY COURIER SERVICE
.
LANGUAGE OF ANY
REQUIRED DOCUMENTS
: ENGLISH
.
PARTY LIABLE FOR THE
PAYMENT OF ANY CHARGES
: BENEFICIARY
.
UNDERLYING RELATIONSHIP
: XXXXX
.
WE HEREBY IRREVOCABLY AND UNCONDITIONALLY WITHOUT PROTEST OR
NOTIFICATION, WITH OUR FULL RESPONSIBILITY, UNDERTAKE TO PAY AGAINST THIS
STANDBY LETTER OF CREDIT NUMBER SBSBLC/XXXXX TO THE ORDER OF XXXXX, THE
BEARER OR HOLDER THEREOF UPON FIRST WRITTEN DEMAND THE SUM OF EUR/USD
XXXXX (SAY: XXXXX EURO / US DOLLARS ONLY) IN LAWFUL CURRENCY OF EUROZONE /
UNITED STATES OF AMERICA UPON SURRENDER AND PRESENTATION OF THE ORIGINAL
HARD COPY OF THIS STANDBY LETTER OF CREDIT AS PER OUR FILE ACCOMPANIED BY
THE BANK OF BENEFICIARYS WRITTEN AND SIGNED STATEMENT THAT THE AMOUNT
DEMANDED IS IN ACCORDANCE TO THE TERMS AND CONDITIONS OF THE AGREEMENT
NO. XXXXX.

SUISSE BANK PLC Trojan House, Top Floor 34 Arcadia Avenue London N32 JU United Kingdom

SBLC-DRAFT

.
SUCH PAYMENT SHALL BE MADE WITHOUT SET OFF AND SHALL BE FREE AND CLEAR OF
ANY DEDUCTIONS OR CHARGES, FEES, OR WITHHOLDINGS OF ANY NATURE PRESENTLY
OR IN THE FUTURE IMPOSED, LEVIED, COLLECTED, WITHHELD OR ASSESSED THEREIN
OR THEREOF.
.
PAYMENT IS AVAILABLE UPON THE BENEFICIARY'S FIRST WRITTEN DEMAND IN THE
FORM OF PRESENTATION INDICATED ABOVE ONLY TO BE SENT TO US NOT EARLIER
THAN 15 (FIFTEEN) DAYS BEFORE EXPIRY DATE BUT WITHIN THE VALIDITY OF THIS
CREDIT.
.
THIS STANDBY LETTER OF CREDIT IS TRANSFERABLE.
.
THIS STANDBY LETTER OF CREDIT IS SUBJECT TO THE VERSION OF THE ICC UNIFORM
CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS, INTERNATIONAL CHAMBER OF
COMMERCE, PARIS, FRANCE, UCP 600 UNDER ICC PUBLICATION NO. 600 AND SHALL BE
INTERPRETED IN ACCORDANCE WITH THE LAWS OF ENGLAND. ANY DISPUTE ARISING
OUT OF OR IN CONNECTION WITH THIS STANDBY LETTER OF CREDIT SHALL BE
SUBJECT TO THE EXCLUSIVE JURISDICTION OF THE COMMERCIAL COURT OF ENGLAND.
.
THIS STANDBY LETTER OF CREDIT IS AN OPERATIVE INSTRUMENT, NO FURTHER
CONFIRMATION SHALL FOLLOW.
.
BEST REGARDS,
SUISSE BANK PLC

SUISSE BANK PLC Trojan House, Top Floor 34 Arcadia Avenue London N32 JU United Kingdom

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