{"id":219,"date":"2018-01-13T04:17:04","date_gmt":"2018-01-13T09:17:04","guid":{"rendered":"http:\/\/www.letterofcredit.biz\/?p=219"},"modified":"2025-02-09T13:16:03","modified_gmt":"2025-02-09T18:16:03","slug":"deferred-payment-letter-of-credit-sample","status":"publish","type":"post","link":"https:\/\/www.letterofcredit.biz\/index.php\/2018\/01\/13\/deferred-payment-letter-of-credit-sample\/","title":{"rendered":"Irrevocable Deferred Payment Letter of Credit Sample in Swift Format"},"content":{"rendered":"\n

Deferred payment is one of the payment options available under letters of credit, along with sight payment, acceptance and negotiation.<\/p>\n\n\n\n

Under deferred payment terms, exporters receive letter of credit amount not at sight but after a certain period of specific date, such as 30 days after shipment, 60 days after commercial invoice date etc.<\/p>\n\n\n\n

Today, I would like to share an irrevocable deferred payment letter of credit sample in swift format.<\/p>\n\n\n\n

Recently, I explained why I began sharing sample letters of credit on my website.<\/p>\n\n\n\n

Please read my previous post titled “Sample Letters of Credit – Part I” “Introduction to working with a letter of credit sample”<\/a> to understand pros and cons of lc samples.<\/p>\n\n\n\n

I also highly recommend you read “Sample Letters of Credit – Part II” – “Guidelines How to read sample letter of credit texts on my web site”<\/a> before starting to study my irrevocable deferred payment letter of credit sample.<\/p>\n\n\n\n\n\n\n\n

Irrevocable Deferred Payment Letter of Credit Sample<\/h2>\n\n\n\n

10 July 2013 Wednesday
\n11:14:31
\n—————— Instance Type and Transmission<\/strong> ———————-
\nOriginal received from SWIFT
\nPriority\/Delivery : Normal
\nMessage Output Reference : 1225 121016XXXXXXXXX5657939061
\nCorrespondent Input Reference : 1225 121016XXXXXXXXX1178375172<\/p>\n\n\n\n

———————– Message Header<\/strong> ———————————
\nSwift OUTPUT FIN 700 Issue of a Documentary Credit<\/strong>
\nSender :<\/strong> BANCOSPAXXX
\nBANCO BRASIL SA
\n(HEAD OFFICE)
\nRUA BRIG. LUIZ ANTONIO 1827
\nSAO PAULO<\/p>\n\n\n\n

Receiver :<\/strong> CREDITBAXXX
\nCREDIT BANK .
\nBUYUKDERE CADDESI LEVENT
\nISTANBUL<\/p>\n\n\n\n

———————– Message Text ———————————-
\n27: Sequence of Total<\/strong><\/span>
\n1\/1<\/p>\n\n\n\n

40A: Form of Documentary Credit<\/strong><\/span>
\nIRREVOCABLE<\/p>\n\n\n\n

20: Documentary Credit Number<\/strong><\/span>
\nDC46492<\/p>\n\n\n\n

31C: Date of Issue<\/strong><\/span>
\n120418<\/p>\n\n\n\n

40E: Applicable Rules<\/strong><\/span>
\nUCPURR LATEST VERSION<\/p>\n\n\n\n

31D: Date and Place of Expiry<\/strong><\/span>
\n120610TURKEY<\/p>\n\n\n\n

50: Applicant<\/strong><\/span>
\nIMPORTADORA LTDA RUA LUNARDELLI,
\n140-C CURITIBA – PR – BRASIL<\/p>\n\n\n\n

59: Beneficiary<\/strong><\/span>
\nGOOD FOOD EXPORTER LTD.STI
\nORGANIZE SAN.BOLGESI 35000 IZMIR – TURKEY<\/p>\n\n\n\n

32B: Currency Code \/ Amount<\/strong><\/span>
\nUSD186.896,00<\/p>\n\n\n\n

39B: Maximum Credit Amount<\/strong><\/span>
\nNOT EXCEEDING<\/p>\n\n\n\n

41A: Available With … By …<\/strong><\/span>
\nYAPITRISXXX
\nBY DEF PAYMENT<\/p>\n\n\n\n

42P: Deferred Payment Details<\/strong><\/span>
\n90 DAYS AFTER SHIPMENT DATE<\/p>\n\n\n\n

43P: Partial Shipments<\/strong><\/span>
\nPARTIAL SHIPMENTS ARE ALLOWED<\/p>\n\n\n\n

43T: Transshipment<\/strong><\/span>
\nTRANSHIPMENTS ARE ALLOWED<\/p>\n\n\n\n

44E: Port of Loading \/ Airport of Departure<\/strong><\/span>
\nANY PORT IN TURKEY<\/p>\n\n\n\n

44F: Port of Discharge \/ Airport of Destination<\/strong><\/span>
\nPARANAGUA PORT – PR – BRAZIL<\/p>\n\n\n\n

44C: Latest Date of Shipment<\/strong><\/span>
\n120520<\/p>\n\n\n\n

45A: Description of Goods and\/or Services<\/strong><\/span>
\n2.400 CARTONS OF SULPHURED APRICOTS. AS PER PROFORMA INVOICES NRS. 940412 DATED APRIL 03, 2012. INCOTERMS: FOB.<\/p>\n\n\n\n

46A: Documents Required<\/strong><\/span><\/p>\n\n\n\n

    \n
  1. 03 ORIGINALS PLUS 03 COPIES OF SIGNED COMMERCIAL INVOICE SPECIFYING FOB AMOUNT SEPARATELY, SHOWING DESCRIPTION OF GOODS AND PAYMENT TERMS OF THIS L\/C.<\/li>\n\n\n\n
  2. 03 ORIGINALS PLUS 03 COPIES OF OCEAN BILL OF LADING, CONSIGNED TO THE ORDER OF IMPORTADORA LTDA RUA LUNARDELLI,,140-C, CURITIBA – PR \u2013 BRASIL, NOTIFY THE SAME AS CONSIGNEE, MARKED TOTAL FREIGHT COLLECT, SHOWING ITS VALUE IN FIGURES.<\/li>\n\n\n\n
  3. 03 ORIGINAL OF PACKING LIST.<\/li>\n\n\n\n
  4. 01 ORIGINAL OF ANALISYS CERTIFICATE.<\/li>\n\n\n\n
  5. 01 ORIGINAL OF PHITOSANITARY CERTIFICATE.<\/li>\n\n\n\n
  6. 01 ORIGINAL OF CERTIFICATE OF ORIGIN.<\/li>\n<\/ol>\n\n\n\n

    47A: Additional Conditions<\/strong><\/span><\/p>\n\n\n\n

      \n
    1. INSURANCE WILL BE COVERED BY APPLICANT IN BRAZIL.<\/li>\n\n\n\n
    2. NUMBER OF THIS LETTER OF CREDIT MUST BE STATED IN COMMERCIAL INVOICE AND B\/L.<\/li>\n\n\n\n
    3. USD.40,00 FEE WILL BE DEDUCTED FROM PAYMENT FOR EACH SET OF DISCREPANT DOCUMENTS PRESENTED.<\/li>\n<\/ol>\n\n\n\n

      71B: Charges<\/strong><\/span>
      \nALL BANKING CHARGES OUTSIDE BRAZIL ARE FOR BENEFICIARY’S ACCOUNT.<\/p>\n\n\n\n

      48: Period for Presentation<\/strong><\/span>
      \nDOCUMENTS MUST BE PRESENTED WITHIN 21 DAYS AFTER ISSUANCE OF THE TRANSPORT DOCUMENT BUT WITHIN THE VALIDITY OF THIS CREDIT<\/p>\n\n\n\n

      49: Confirmation Instructions<\/strong><\/span>
      \nCONFIRM<\/p>\n\n\n\n

      53A: Reimbursing Bank<\/strong><\/span>
      \nPNBPUS3NNYC WELLS FARGO BANK, N.A.<\/p>\n\n\n\n

      78: Instructions to the Paying \/ Accepting \/ Negotiating Bank<\/strong><\/span><\/p>\n\n\n\n

        \n
      1. WHETHER ALL TERMS AND CONDITIONS ARE COMPLIED WITH, PLEASE CLAIM REIMBURSEMENT AT MATURITY DATE.<\/li>\n\n\n\n
      2. AT NEGOTIATION OF SHIPPING DOCUMENTS, PLEASE INFORM US THRU TESTED MESSAGE THE AMOUNT OF DOCUMENTS, SHIPMENT,PRESENTATION AND MATURITY DATES, COMMERCIAL INVOICE AND B\/L NUMBERS, AND CONFIRMING THAT NEGOTIATED DOCUMENTS ARE BEING REMITTED TO US BY SPECIAL COURIER TO OUR OFFICE AT RUA MARECHAL DEODORO, 474, ANDAR -CURITIBA-PR-BRASIL. HESPANHOL, ALSO INFORMING COURIER’S COMPANY AND NUMBER.<\/li>\n\n\n\n
      3. PLEASE ADVISE BENEFICIARY URGENTLY UNDER ADVISE TO US.

        ———————– Message Trailer<\/strong> ——————————

        {MAC:00000000}

        {CHK:XXXXXXXX}<\/li>\n<\/ol>\n\n\n\n
        \n
        <\/div>\n\n\n\n

        \u00d6ZG\u00dcR EKER (CDCS)<\/strong><\/p>\n\n\n\n

        Letter of Credit Consultancy Services<\/strong><\/p>\n\n\n\n

        \n
        Contact us<\/a><\/div>\n<\/div>\n\n\n\n
        <\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"

        Deferred payment is one of the payment options available under letters of credit, along with sight payment, acceptance and negotiation. Under deferred payment terms, exporters receive letter of credit amount not at sight but after a certain period of specific date,<\/p>\n","protected":false},"author":1,"featured_media":229,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[20],"class_list":["post-219","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-samples","tag-sample-letter-of-credit"],"_links":{"self":[{"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/posts\/219","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/comments?post=219"}],"version-history":[{"count":0,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/posts\/219\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/media\/229"}],"wp:attachment":[{"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/media?parent=219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/categories?post=219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/tags?post=219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}