Letter of Credit Example: Interactive MT700 With Real Checks
A fictional MT700 credit for a tile shipment. Tap any field to see what it means, then run LCCheck's real checks on a sample set of documents.
1. Read the credit
Fictional MT700 · Seller in Vietnam, buyer in the Netherlands · Tap a field.
Term to meetFive documents. Missing one is a discrepancy at presentation.
2. Test yourself
The invoice shows USD 48,600. Field 32B says USD48000,00 with no tolerance. Is that a problem?
Field 47A requires the applicant to countersign the inspection certificate. Is that already a discrepancy?
The bill of lading is dated 12 May. Field 44C says 260510. Is the shipment late?
3. See LCCheck check a sample presentation
The seller presents: Commercial invoice INV-5521, Bill of lading DNRT-88213, Packing list PL-5521. The checks below come from the same engine used for real LCCheck checks.
What this example shows
A Letter of Credit sets terms the seller must meet, such as the amount, the latest shipment date and the documents required. Some clauses are risky conditions: they are not errors, but they make compliance depend on someone else. A discrepancy only exists when the presented documents fail to meet the credit.
Read the worked guide Letter of Credit example, learn about common discrepancies, or decode your own credit with the MT700 decoder. All names and figures here are fictional.
Runs in your browser. Nothing is saved unless you ask us to email you the result. We count anonymous tool usage. General guidance, not legal advice.
Want this done automatically?
Upload your Letter of Credit for a snapshot of deadlines, documents and watch-outs.
PDF · up to 25 MB