Letter Of Credit Sample printable pdf download

Letter Of Credit Sample

LETTER OF CREDIT

Issuing Institute:

Date of Issue:

(Name, British

Irrevocable Standby

Columbia Address & Fax number)

Credit Number:

Fax:

Applicant:

Beneficiary:

(Business Name,

Director,

Trade Names,

Consumer Protection BC

& Address)

PO Box 9244

Victoria BC V8W 9J2

Amount: CAD $

At the request of the Applicant, we hereby establish our irrevocable Letter of Credit in your

favour in the total amount of

Canadian

Dollars.

This Credit may be drawn on by you at any time before expiry upon written

demand(s) for payment made upon us by you, at the above address or Fax number. First

demand by facsimile sent to the above Fax number is acceptable with payment released to

you upon receipt by us of the original Letter of Credit. We shall honour your demand(s)

without inquiring whether you have the right as between the Beneficiary and the Applicant to

make such demand and without recognizing any claim of the Applicant.

Partial drawings are permitted.

This Credit is irrevocable and shall remain valid up to and including ____________________

(date-minimum one year after date of issue). It is a condition of this Letter of Credit that it

shall be deemed to be automatically extended without amendment for one year from the

present or any future expiration date hereof unless 30 days prior to any such date we notify

you in writing by registered mail sent to the above address that we elect not to consider this

Credit extended for any such additional period.

Your written demand(s) must be marked “Drawn” under

Letter of Credit No. _________________ Dated __________________________________

Unless otherwise specified this letter of credit is subject to the Uniform Customs and Practice

for Documentary Credits of the International Chamber of Commerce current at the time of

issuance of this letter of credit.

Authorized Signature

Letter Of Credit Sample