Sample Irrevocable Letter Of Credit Template

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SAMPLE OF IRREVOCABLE LETTER OF CREDIT
MUST BE ON BANK LETTERHEAD
Date
RE:
Irrevocable Letter of Credit No.
from 6-30 20
to 6-30 20
in
the
amount of
for the use of Pennsylvania Game Commission, 2001 Elmerton Avenue,
Harrisburg, PA 17110-9797.
Gentlemen:
At the request of
Name of Issuing Agent ,
Agents T/A Name ,
Agents Address ,
we hereby issue our Irrevocable Letter of Credit No.
in your favor up to the aggregate
amount of
which is available by presentation of your draft(s) at sight drawn on the
Name of Bank bearing the clause: “Drawn under Letter of Credit No.
of the Name of
Bank “accompanied by your statement signed by an authorized officer of the Commonwealth of
Pennsylvania, Pennsylvania Game Commission, as follows: We hereby certify that there has
been a drawing by the Commonwealth of Pennsylvania, Pennsylvania Game Commission, under
our agreement with Name of Issuing Agent, Agents T/A Name, and we are entitled to the
.”
amount of this draw under your Letter of Credit No.
Our liability under this credit is strictly limited to the payment of your draft(s) which must
Must be June 30th
be presented at our counters no later than June 30, 20
. Any extension there of must
of any given year
specify the number of the Letter of Credit. If the drawing is not received by us within the
validity of the Letter of Credit, our liability will be considered as terminated.
We hereby engage with you that draft(s) drawn in conformity with the terms of this Letter of
Credit will be honored upon presentation.
Except so far as otherwise expressly stated, this documentary credit is subject to the
“Uniform Customs and Practice for Documentary Credits (1993 Revision), International
Chamber of Commerce Publication No. #500,” including amendments and successor
publications.
Partial drawings are
/
are not permitted.
Agents Signature
Name of Bank
Signature of Pres. or Vice Pres. if Corp.
Signature of Sec. or Treas. if Corp.
Signature of Bank Officer
Must be signed by
Bank officer
IMPORTANT: Please print name underneath each written signature.

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Parent category: Letters
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