Irrevocable Letter of Credit for Import/Export
[Date]
[Issuer's Name and Address]
[City, State, ZIP]
[Beneficiary's Name and Address]
[City, State, ZIP]
Dear [Issuer's Name],
We hereby establish an irrevocable letter of credit in favor of [Beneficiary's Name] for an amount not exceeding [Amount] USD (United States Dollars).
This letter of credit is subject to the Uniform Customs and Practice for Documentary Credits (UCP) [Current UCP Version], and shall expire on [Expiry Date].
Please arrange for the required documents to be presented at [Issuing Bank's Name and Address] for payment.
Sincerely,
[Your Name]
Standby Letter of Credit (Performance Guarantee)
[Date]
[Issuer's Name and Address]
[City, State, ZIP]
[Beneficiary's Name and Address]
[City, State, ZIP]
Dear [Issuer's Name],
This is to confirm that [Issuer's Name] has established a standby letter of credit in favor of [Beneficiary's Name] for an amount not exceeding [Amount] USD (United States Dollars).
This standby letter of credit is intended to serve as a performance guarantee and will be payable upon presentation of a written demand for payment indicating the failure to perform under the terms of the underlying agreement between the parties.
Sincerely,
[Your Name]
Revolving Letter of Credit
[Date]
[Issuer's Name and Address]
[City, State, ZIP]
[Beneficiary's Name and Address]
[City, State, ZIP]
Dear [Issuer's Name],
We hereby establish a revolving letter of credit in favor of [Beneficiary's Name] for an aggregate amount not exceeding [Total Amount] USD (United States Dollars).
This letter of credit allows for multiple draws and reimbursements up to the specified aggregate amount, subject to the terms and conditions outlined in the underlying agreement.
Sincerely,
[Your Name]
Transferable Letter of Credit
[Date]
[First Issuing Bank's Name and Address]
[City, State, ZIP]
[Second Issuing Bank's Name and Address]
[City, State, ZIP]
[Beneficiary's Name and Address]
[City, State, ZIP]
Dear [First Issuing Bank's Name],
We request the issuance of a transferable letter of credit in favor of [Second Issuing Bank's Name], based on the terms of the original letter of credit issued by [First Issuing Bank's Name].
This transferable letter of credit will enable [Second Issuing Bank's Name] to further transfer portions of the credit to one or more secondary beneficiaries.
Sincerely,
[Your Name]
Back-to-Back Letter of Credit
[Date]
[First Beneficiary's Name and Address]
[City, State, ZIP]
[Second Beneficiary's Name and Address]
[City, State, ZIP]
Dear [First Beneficiary's Name],
We are establishing a back-to-back letter of credit in favor of [Second Beneficiary's Name], with reference to the original letter of credit issued by [First Issuing Bank's Name] in your favor.
This back-to-back letter of credit allows us to provide financing to [Second Beneficiary's Name] while relying on the terms and conditions of the original letter of credit.
Sincerely,
[Your Name]
