Standby Letter Of Credit Sample Wording Page 2
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3TRADE FINANCE
2014
Standby Letter of Credit sample Wording
FROM: SHELTER AFRIQUE. TRADE FINANCE SERVICES, NAIROBI.
TO: ..................................................................................... (BENEFICIARY'S
BANKERS)
WE HEREBY OPEN OUR IRREVOCABLE STANDBY LETTER OF CREDIT
NO.................
APPLICANT: ..............................................................,
..............................................................,
..............................................................,
BENEFICIARY: ...............................................................,
...............................................................,
...............................................................,
...............................................................
CURRENCY & AMOUNT: ............................................ (IN FIGURES AND WORDS)
THE PURPOSE OF THIS STANDBY LETTER OF CREDIT IS TO COVER THE
EVENTUALITY OF GOODS BEING SHIPPED
TO................................................................................. AND THEIR FAILING TO
EFFECT PAYMENT IN ACCORDANCE WITH THE AGREED TERMS
......................(Applicable payment terms e.g. 30 days from Shipment/60 days from
invoice date).
PARTIAL SHIPMENTS ALLOWED
OUR STANDBY LETTER OF CREDIT IS AVAILABLE WITH SHELTER AFRIQUE BY
PAYMENT UPON PRESENTATION BY THE BENEFICIARY OF THE FOLLOWING
DOCUMENTS:
1. COPY OF RELATIVE UNPAID INVOICE.
2. BENEFICIARIES SIGNED DECLARATION STATING THAT THE APPLICANTS
HAVE FAILED TO EFFECT
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