Letter of Credit (LC) Draft

Proforma LC application for trade finance coordination and bank submission.

Finance Settings

Currency

LC Status

DRAFT ONLY
Not a negotiable instrument.

LETTER OF CREDIT DRAFT

ISSUING BANK NAME

Irrevocable Documentary Credit

International Trade Division

STATUS: DRAFT / PROFORMA

45A: APPLICANT

Importer Name Ltd.
123 Business Avenue
City, Country
Tax ID: 123456789

45B: BENEFICIARY

Exporter Global Corp.
456 Trade Plaza
City, Country

31D: DATE & PLACE OF EXPIRY

Date: 2026-06-30
Place: BENEFICIARY'S COUNTRY

32B: CURRENCY & AMOUNT

USD 50,000.00

41D: AVAILABLE WITH... BY...

Advising Bank: GLOBAL TRADE BANK
Available by: NEGOTIATION AT SIGHT

44: SHIPMENT DETAILS

Port of Loading:	ANY PORT, CHINA	Port of Discharge:	LOS ANGELES, USA
Shipment Period:	BY 2026-05-15	Incoterms:	CIF (INCOTERMS 2020)

45A: DESCRIPTION OF GOODS

INDUSTRIAL MACHINERY PARTS AS PER PROFORMA INVOICE #8892 DATED 2026-02-01. TOTAL QUANTITY: 5,000 UNITS. PACKING: STANDARD SEA-WORTHY WOODEN CASES.

46A: DOCUMENTS REQUIRED

1. Full set of 3/3 Original Clean Shipped on Board Ocean Bills of Lading.
2. Signed Commercial Invoices in 3 originals and 3 copies.
3. Packing List in 3 originals and 3 copies.
4. Certificate of Origin issued by Chamber of Commerce.
5. Insurance Policy/Certificate covering 110% of CIF value.

Trade Finance Insights

Payment Security

An LC is a bank's guarantee of payment to the seller, provided that the terms and conditions of the credit are strictly met.

Strict Compliance

Banks deal only with documents, not with goods. Even a minor typo in the documents can lead to payment discrepancies.

UCP 600

Most Letters of Credit are subject to the Uniform Customs and Practice for Documentary Credits (UCP 600) issued by the ICC.