Confirmation means a definite undertaking of the confirming bank, in addition to that of the issuing bank, to honour or negotiate a complying presentation.
Confirming bank means the bank that adds its confirmation to a credit upon the issuing bank’s authorization or request.
If a confirming bank adds its confirmation to a letter of credit, the credit becomes a confirmed l/c.
On today’s post, I am going to share a confirmed letter of credit sample, which is issued in a swift format.
Recently I have explained the reasons why I have started to put sample letters of credit on my website.
Please read my previous post titled “Sample Letters of Credit – Part I” “Introduction to working with a letter of credit sample” to understand pros and cons of lc samples.
I also highly recommend you to read “Sample Letters of Credit – Part II” – “Guidelines How to read sample letter of credit texts on my web site” before starting to study my irrevocable deferred payment letter of credit sample.
Important Note: Below letter of credit sample was actually issued in Senegal. The letter of credit was confirmed by the confirming bank in France and transmitted to the advising bank in Germany via MT 710 swift message. As a result, some fields stated on below l/c sample are different than ordinary MT700 swift message.
Confirmed Letter of Credit Sample
5 October 2017 Thursday
—————————–Instance Type and Transmission ——————————-
Original received from SWIFT
Priority/Delivery : Normal
Message Output Reference : 1325 171005ISBKTRISAXXX1730315229
Correspondent Input Reference : 1225 171005BCMAFRPPAXXX7608112228
————————————-Message Header —————————————–
Swift OUTPUT FIN 710 Adv of Third Bank’s Doc Credit
Sender : BCMAFRPPXXX
ATTIJARIWAFA BANK EUROPE-PARIS
Receiver : DEUTDEFFXXX
DEUTSCHE BANK AG TAUNUSANLAGE 12 99999
27 : Sequence Of Total
40 B : Form Of Documentary Credit
ADDING OUR CONFIRMATION
20 : Sender’s Reference
21 : Documentary Credit Number
31 C : Date Of Issue
40 E : Applicable Rules
UCP LATEST VERSION
31 D : Date And Place Of Expiry
52 A : Issuing Bank
COMPAGNIE BANCAIRE DE L’AFRIQUE OCCIDENTALE
50 : Applicant
AB MEDICAL EQUIPMENT
LIBERTE 5 VILLA NR 1000
BP 16002 / DAKAR FANN
59 : Beneficiary Customer
KOCHEN MEDICAL GMBH
MAYER STR. 55 D-44888 BOCHUM GERMANY
32 B : Currency Code ,Amount
Currency : EUR (EURO)
Amount : #26.780,00#
39 B : Maximum Credit Amount
41 A : Available With…By…
BY DEF PAYMENT
42 P : Deferred Payment Details
90 DAYS FROM BILL OF LADING DATE
43 P : Partial Shipments
43 T : Transhipment
44 E : Port Of Loading/Airport Of Departure
ANY PORT IN GERMANY
44 F : Port Of Discharge/Airport Of Destination
DAKAR PORT SENEGAL
44 C : Latest Date Of Shipment
45 A : Description of Goods and/or Services
+”MEDICAL EQUIPMENT” AS PER PROFORMA INVOICE NR 20170906 DATED 2017/09/06 CFR DAKAR PORT SENEGAL INCOTERMS 2010
46 A : Documents Required
- COMMERCIAL INVOICE
- FULL SET OF ORIGINAL CLEAN ”SHIPPED ON BOARD” BILLS OF LADING ISSUED TO THE ORDER OF CBAO GROUPE ATTIJARIWAFA BANK, NOTIFY APPLICANT, MARKED ”FREIGHT PREPAID” AND EVIDENCING ISSUING BANK REFERENCE ”CIX00003306”
- PACKING LIST
71 B : Charges
ALL BANKING CHARGES OUTSIDE SENEGAL ARE FOR THE ACCOUNT OF THE BENEFICIARY
48 : Period for Presentation
49 : Confirmation Instructions
78 : Instructions to the Paying/Accepting/Negotiating Bank
- WE UNDERTAKE TO HONOUR EACH COMPLYING PRESENTATION AS PER THE BENEFICIARY / PRESENTING BANK INSTRUCTIONS AS PER LC TERMS
- DOCUMENTS MUST BE SENT BY DHL OR SIMILAR TO: ATTIJARIWAFA BANK EUROPE –
6 RUE CHAUCHAT 75009 PARIS FRANCE
- THIS L/C IS SUBJECT TO U.C.P.D.C. (2007 REVISION) I.C.C. PUBLICATION NO. 600.
72 : Sender To Receiver Information
+PLEASE ACKNOWLEDGE RECEIPT INDICATING THE WAY/DATE/HOUR OF ADVISING
———————– Message Trailer ——————————