Docsity
Docsity

Prepare for your exams
Prepare for your exams

Study with the several resources on Docsity


Earn points to download
Earn points to download

Earn points by helping other students or get them with a premium plan


Guidelines and tips
Guidelines and tips

Instructions for Issuing an Irrevocable Documentary Credit, Study notes of Finance

The instructions for issuing an irrevocable documentary credit by credit suisse to the applicant. It covers various aspects such as the applicant and other party details, credit amount specification, available payment terms, and required documents. The credit is subject to the uniform customs and practice for documentary credits published by the international chamber of commerce.

What you will learn

  • What details are required for the applicant and other party in the documentary credit?
  • What payment terms are available in the documentary credit and how is the credit amount specified?
  • What are the instructions for issuing an irrevocable documentary credit by Credit Suisse?

Typology: Study notes

2021/2022

Uploaded on 09/12/2022

globelaw
globelaw 🇬🇧

4.2

(43)

323 documents

1 / 2

Toggle sidebar

This page cannot be seen from the preview

Don't miss anything!

bg1
Page 1 / 2
To CREDIT SUISSE (Switzerland) Ltd. Trade Finance Service Center: Zürich Genève Lugano
We request you to issue on our behalf and for our account the following Irrevocable Documentary Credit as per the instructions given
below. This credit is to be subject to the "Uniform Customs and Practice for Documentary Credits" published by the International
Chamber of Commerce in force at the time of the issuance.
Name and Address of
Applicant
to appear in the credit
Ourselves
Other Party
(specify)
Contact Person Phone no E-Mail address
Our Reference
Correspondent Bank
SWIFT CODE:
40A: Form of documentary credit Irrevocable Irrevocable and transferable Irrevocable Standby
31D: Date of expiry (DD-MM-YYYY)
31D: Place of expiry with
Credit Suisse Correspondent Bank
Any Bank
Any Bank in:
59: Beneficiary
32B: Currency and Amount
39: Credit Amount specification
Exactly
Maximum About (+/- 10 %)
Tolerance of + /- % specify:
41A: Available with
(Place of presentation of
documents)
Credit Suisse Correspondent Bank
Any Bank
Any Bank in:
41A: Available by
Payment at sight Deferred payment (specify below) Acceptance (specify below)
Negotiation (specify below) Mixed payment (specify below)
At days after Date of shipment Date of Invoice Sight
(define):
42A: Drawee
42C: Drafts at… days from
43P: Partial sh ipments Allowed Not allowed In lots allowed
other (specify):
43T: Transhipment Allowed Not allowed
44A: Place of Taking in Charge/
Dispatch from.../ Place of Receipt
44E: Port of Loading/ Airport of
Departure
44F: Port of Discharge/ Airport
of Destination
44B: Place of Final Destination/ For
Transportation to../ Place of Delivery
44C: Latest Date of Shipment (DD-MM-YYYY)
print
reset
4 lines à 35 characters max.
4 lines à 35 characters max.
DD-MM-YYYY
(country or city)
SWIFT address
4 lines à 35 characters max.
Full Address
(country or city)
4 lines à 35 characters max.
DD-MM-YYYY
pf2

Partial preview of the text

Download Instructions for Issuing an Irrevocable Documentary Credit and more Study notes Finance in PDF only on Docsity!

Page 1 / 2

To CREDIT SUISSE (Switzerland) Ltd. Trade Finance Service Center: Zürich Genève Lugano

We request you to issue on our behalf and for our account the following Irrevocable Documentary Credit as per the instructions given below. This credit is to be subject to the "Uniform Customs and Practice for Documentary Credits" published by the International Chamber of Commerce in force at the time of the issuance.

Name and Address of Applicant to appear in the credit

Ourselves Other Party (specify) Contact Person Phone no E-Mail address Our Reference

Correspondent Bank

SWIFT CODE:

40A: Form of documentary credit (^) Irrevocable Irrevocable and transferable Irrevocable Standby

31D: Date of expiry (DD-MM-YYYY)

31D: Place of expiry with

Credit Suisse Correspondent Bank Any Bank Any Bank in:

59: Beneficiary

32B: Currency and Amount

39: Credit Amount specification

Exactly Maximum About (+/- 10 %) Tolerance of + /- % specify:

41A: Available with (Place of presentation of documents)

Credit Suisse Correspondent Bank Any Bank Any Bank in:

41A: Available by

Payment at sight Deferred payment (specify below) Acceptance (specify below) Negotiation (specify below) Mixed payment (specify below) At days after Date of shipment Date of Invoice Sight (define):

42A: Drawee

42C: Drafts at… (^) days from

43P: Partial shipments Allowed Not allowed In lots allowed other (specify): 43T: Transhipment (^) Allowed Not allowed 44A: Place of Taking in Charge/ Dispatch from.../ Place of Receipt 44E: Port of Loading/ Airport of Departure 44F: Port of Discharge/ Airport of Destination 44B: Place of Final Destination/ For Transportation to../ Place of Delivery 44C: Latest Date of Shipment (^) (DD-MM-YYYY)

Page 2 / 2

44D: Shipment period

Trade terms and place

EXW (ex works) CFR (Cost and Freight) CIP (Carriage and Insurance paid to) FCA (Free Carrier) CIF (Cost Insurance and Freight) FOB (Free on Board) CPT (Carriage paid to) Other At as per ICC-Incoterms

45A: Description of Goods and/or Services (only a brief description)

Tolerance in quantity of + % / - % is allowed 46A: Documents Required (^) Original(s) Copies Commercial Invoice Packing List Certificate of Origin issued and/or visaed by Chamber of Commerce Beneficiary Evidencing goods of origin Certificate of Origin Form A (GSP) Evidencing goods of origin Covering Multimodal Transport Full set of Multimodal transport document Other Covering seafreight Full set of Marine Bill of Lading Made out to order and blank endorsed Made out to order of consigned to Notify Marked Freight collect Freight prepaid Issued by Covering airfreight (^) Airwaybill (Original for shipper) Covering Inlandfreight (^) Forwarder's Certificate of Receipt (FCR) International Road Waybill (CMR) Duplicate Railwaybill Courier Receipt consigned to Notify Marked Freight collect Freight prepaid Issued by Insurance cover taken care by the applicant Insurance policy or certificate covering % of goods value and the following risks

Other documents (further docs in the attachment)

47A: Additional Conditions

71B: Charges All commissions and charges for our account All commissions and charges for Beneficiary's account Your (Credit Suisse) charges for our account, foreign bank charges for beneficiary's account Field 48: Period for Presentation Documents to be presented within 21 days Other: After the date of: Transport document Other: 49: Confirmation Instructions (^) Correspondent bank to Add their confirmation Not to add their confirmation Other Conditions / Remarks (attachment if needed)

72: Sender to Receiver Information Documents to be sent to Credit Suisse as follows: By courier service in 1 lot 2 lots By registered mail in 1 lot 2 lots

You are authorized to debit our account directly

Place and date: Stamp and Signature of the Applicant