Irrevocable Letter Of Credit Template printable pdf download

(TO BE WRITTEN ON BANK LETTERHEAD)

Applicant:

Issue Date:

Credit No.:

IRREVOCABLE LETTER OF CREDIT

BENEFICIARY:

Bankers Insurance Company

P O Box 33015

St Petersburg FL 33733-8015

Attn: Mr. Brian Kesneck

Contract Surety Bond Department

We hereby issue our clean irrevocable Letter of Credit in your favor, available for a sum of

sums not exceeding

United

States

Dollars ($

) by your drafts at sight on us. This Letter of Credit is effective

immediately and expires at our counters at

on our close of business on

We hereby undertake that drafts indicating our Credit No. mentioned above and presented as

specified to the attention of Letter of Credit Services Section on or before the expiry date, or

any automatically extended expiry date, will be promptly honored. Partial draws on this Letter

of Credit are permitted.

Except as stated herein, this undertaking is not subject to any condition or qualification and is

not contingent on the ability of the Bank to perfect a lien, security interest, or any other

reimbursement. This credit cannot be modified or revoked without the consent of the Bank

and the Beneficiary.

It is a condition of this Letter of Credit that it shall be deemed automatically extended without

amendment for one year from its expiry date, or from any future expiry date, unless thirty days

prior to any such expiry date we shall notify you by registered mail, that we elect not to

consider this Letter of Credit renewed for any such additional period.

Should you have occasion to communicate with us regarding this Credit, kindly direct your

communication to the attention of

, making reference to our Credit Number

This Credit is subject to the Uniform Customs and Practice for Documentary Credits (2007

Revision), International Chamber of Commerce Publication No. 600, except that, if this Bank is

closed for reasons specified in Article 36 thereof, the expiry date of the credit is automatically

extended for a thirty day period commencing with the date on which this Bank reopens for

business.

Very truly yours,

Authorized signature

Irrevocable Letter Of Credit Template