If you wish to conduct trade using documentary credits, we recommend that you specify clearly in your offer material which documentary credit conditions you can accept and comply with.
The following draft of a documentary credit text can be used in your offer.
Requirements for documentary credits
Within ... days from the date of ... please arrange for the issue by a first class bank of an irrevocable documentary credit to be advised by swift/cable through Danske Bank, Copenhagen, Denmark, telex 27000 DABA/SWIFT DABADKKK.
- in our favour, with or without Danske Bank's confirmation
- for the amount of ...
- "available for payment at sight" or "available for payment ... days after shipment" and payable with Danske Bank against presentation of the following documents:
Signed commercial invoice
Multimodal transport document or Marine Bill of Lading or others, showing consignee ... , notify party ... , marked "freight prepaid" or"freight collect"
Other documents e.g. packing list, certificate of origin
- covering: (description of goods) ... as per ...
- evidencing shipment from: ... to: ...
- terms of delivery: ... as per Incoterms 2000.
- partial delivery: "allowed" or "not allowed"
- transhipment: "allowed" or "not allowed"
- latest date of shipment: ...
- the credit to be valid until ...
- the documents to be presented not later than ... days after the date of the transport document, but in any event not later than the validity date mentioned below
- charges outside country of issuance to be paid by: "beneficiary" or "applicant"
The documentary credit must include the issuing bank's debit or reimbursement authorisation and must state that the credit is subject to Uniform Customs and Practice for Documentary Credits, ICC Publication No. 600.