Back To Back Letter of Credit Format
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Example of Back To Back Letter of Credit Format
BACK TO BACK LETTER OF CREDIT
TELEX NO : ________________________________________________________________
TO : ________________________________________________________________
FM : ISLAMI BANK BANGLADESH LTD, LOCAL OFFICE, DHAKA-1000, BANGLADESH.
TEST _____________________________ ON USD ____________________________ DATED _____________________
(.) WE ISSUE OUR IRREVOCABLE _______________________ DOCUMENTARY CREDIT NO. IBL/BB/
DTD. ______________________________ AS PER DETAILED BELOW :-
APPLICANT : M/S. _____________________________________
. ________________________________________________________
BENEFICIARY : M/S. ________________________________________________________
. ______________________________________________
. ______________________________________________
AMOUNT : USD _______________________________________ (SAY U. S. DOLLAR)
. ________________________________________________________
LAST DATE OF SHIPMENT : ________________________________________
NEGOTIATION : WITHIN DAYS OF SHIPMENT
BATE OF EXPIRY : ________________________________________
TRANSHIPMENT ALLOWED UNDER THROUGH B/L / NOT ALLOWED
PARTSHIP[MENT ALLOWED/NOT ALLOWED.
COMBINED TRANSPORT DOCUMENTS NOT ACCEPTABLE
SHORT FORM, BLANK BACKED, CHARTER PARTY & THIRD PARTY BILL OF LADING/AIRWAY BILL NOT
ACCEPTABLE
SHIPMENT PRIOR TO L/C DATE NOT ACCEPTABLE.
SHIPMENT FROM _____________________________________ TO CHITTAGONG/DHAKA(BY SEA/AIR)
SHIPMENT OF GOODS COVERING:FABRICS ___________________________________________________________
____________________________________________________________________________________________________
____________________________________________________________________________________________________
____________________________________________________________________________________________________
N ACCESSORIES FOR USD _____________________ FOR HUNDRED PERCENT EXPORT ORIENTED READYMADE
GARMENTS INDUSTRY EXACTLY AS PER PROFORMA INVOICE NO. ______________________________________
DTD. _____________________________ OF THE BENEFICIARY SUBMITED AT OUR COUNTER.
THIS DOCCREDIT AVAILABLE BY NEGOTIATION AGAINST BENEFICIARY DRAFT IN DUPLICATE AT 120 DAYS SIGHTFROM THE DATE OF ACCEPTANCE/NEGOTIATION DRAWN ON OURSELVES A/C APPLICANT UNDER OUR
DOCCREDIT FOR 100 PCT. CNF INVOICE VALUE ACCOMPANTED BY THE FOLLOWING DOCUMENTS :
A. SIGNED INVOICE IN 8 FOLED CERTIFYING MERCHANDISE OF __________________________________________
ORIGINAL INVOICE MUST SHOW LCAF NO. ____________________ UNDER BONDED WARE HOUSE LICENCE
SYSTEM, EXPORT L/C NO.
B. FULL SET OF CLEAN ON BOARD OCEAN BILL OF LADING OF A REGULAR LINER VESSEL/AIR WAYBILL
MARKED “FREIGHT PREPAID” DRAWN ON OR ENDORSED FAVOURING/CONSIGNED TO L/C OPENING BANK
NOTIFY APPLICANT OF L/C ___________________________________________________________
C. BENEFICIARY MUST ADVICE APPLICAN, M/S. _______________________________________________________
_____________________________________________ AND TO L/C OPENING BANK MENTIONING COVER NOTE
NO. ______________________________________ AND L/C NO. IBL/BB/__________________________________________
GIVING _______________________________ FULL DETAILS OF SHIPMENTS. A COPY OF THIS ADVICE MUST
ACCOMPANY EACH SET OF DOCUMENTS.
D. CERTIFICATE OF ORIGIN IN DUPLICATE FROM CHAMBER OF COMMERCE/GOVT. CLEARLY MENTIONING
COUNTRY OF ORIGIN OR PACKING/CARTON/CONTAINER FOR CUSTOMS CLEARANCE.
E. DETAILS PACKING LIST IN 4 FOLDS.
F. PER-SHIPMENT INSPECTION CERTIFICATE TO BE USSUED BY
AT BENEFICIARY’S COST MENTIONING THAT THEY HAVE INSPECTED AND SATISFIED
TOQUALITY QUANTTIY OF THE GOODS AS PER L/C TERMS.
OTHER TERMS AND CONDITIONS
1. SHIPMENT BY ISRAEL FLAG VESSEL/CARRIER PROHIBTIED.
2. ALL FOREIGN BANK CHARGES UNCLUDING REIMBURSING BANK’S CHARGES OUTSIDE BANGLADESH SHOULD BE ON BENEFICIAR’S ACCOUNT.
3. ADDITIONAL AMOUNT EXCEEDING THE CREDIT VALUE IF ANY WOULD BE PAID BY US AT THE RATE
PREVAILING IN BENEFICIARY COUNTRY BUT NOT EXCEEDING “LIBOR” ON MATURITY DATE UPONRECEIPT O
SEPARATE CLAIM MEMO OF BEBEFICIARY ALONGWITH ORIGINAL DOCUMENTS THROUGH NEGOTIATING
BANK DULY ACCEPTED BY APPLICANT. CLAIM MEMO IF SENT BY SEPARATE MAH, WILL NOT BE ACCEPTED.
4. ONE SET NON-NEGOTIABLE DOCUMENTS INCLUDING DETAILED PACKING LIST MUST BE DESPATCHED TO
APPLICANT WITHIN DAYS AFTER SHIPMENT BY COURIER/SPEED POST, RECEIPT MUST ACCOMPANY DOCUMENTS.
5. GOODS MUST BE SHIPPED IN CONTAINER. IN CASE OF SEA SHIPMENT.
6. LENGTH OF FABRICS PCS. LESS THAN 20 YDS. NOT ACCEPTABLE. A CERTIFICATE TO THIS EFFECT MUST ACCOMPANY EACH SET OF DOCUMENTS.
7. ADD CONFIRMATION CHARGES FOR USD- ON BENEFICIARY’S A/C WHICH WILL BE DEDUCT FROM PAYMENT.
INSTRUCTION FOR NEGOTIATING BANKER:
A.A. UPON MATURITY CLAIM REIMBURSEMENT FROM OUR ACCOUNT NO. 1949102 WITH AMERICAN EXPRESS BANK LTD.NEW YOUK, USA PROVIDED DOCUMENTS CMOPLY STRICTLY WITH CREDIT TERMS IN CASE
O PAYMENT BEFORE MATURITY, ADDITIONAL AMOUNT WILL BE REDUCED PROPORTIONATELY.
A.A. UPON MATURITY CLAIM REIMBURSEMENT FROM OUR ACCOUNT NO 3582-066939-001 WITH STANDARD
CHARTERED BANK LTD. NEW YOUK, USA PROVIDED DOCUMENTS COMPLY STRICTLY WITH CREDIT TERMS
IN CASE OF PAYMENT BEFORE MATURITY, ADDITIONAL AMOUNT WILL BE REDUCED PROPORTIONATELY.
A.A UPON MATURITY CLAIM REIMBURSEMENT FROM OUR ACCOUNT NO.3607-6621 WITH CITI BANK NA NEW
YORK, U.S.A PROVIDED DOCUMENTS COMPLY STRICTLY WITH CREDIT TERMS IN CASE OF PAYMENT
BEFORE MATURITY, ADDITIONAL AMOUNT WILL BE REDUCED PROPORTIONATELY.
A.A. UPON MATURITY CLAIM REIMBURSEMENT FROM OUR ACCOUNT NO 010020ISLA00 WITH MASHREQ ASIA LTD. HON KONG PROVIDED DOCUMENTS COMPLY STRICTLYWITH VREDIT TERMS IN CASE OF PAYMENT BEFORE MATURITY, ADDITIONAL AMOUNT WILL BE REDUCED PROPORTIONATELY.
A.A UPON RECEIPT OF DOCUMENT COMPLYING CREDIT TERMS WE SHALL COVER AS PER YOUR INSTRUCTION ON MATURITYTO YOUR DESIGNATED BANK ACCOUNT IN NEW YOUK, U.S.A. IN CASE OF PAYMENT BEFORE MATURITY, ADDITIONAL AMOUNT WILL BE REDUCED PROPORTIONATELY.
BB. DOCUMENT WITH DISCREPANCY MUST NOT BE NEGOTIAED EVEN UNDER RESERVE WITHOUT OUR PRIOR
APPROVAL
CC.DOCUMENT TO BE SENT TO US BY COURIED/SPEED POST.
THIS INS OPERATIVE INSTRUMENT AS PER UCPDC(1993 REV.) ICC PUB-500 ADVISER WITH ADDING CONFIRMATION AT BENEFICIARY’S COST. NEGOTIATION(S) RESTRICTED TO L/C ADVISING BANK ONLY AGAINST THEIR ADDING CONFIRMATION TO THIS CREDIT.