Financial & Investments

Letter of Credit

Vicky Randolph Vicky Randolph
How To Use

This review list is provided to inform you about this document in question and assist you in its preparation. A L/C is a standard document to provide for guaranteed payment. This document will suffice.

  1. Make multiple copies. Give one to each related party and keep one with the transaction file involved.

Letter of Credit

Date: ______________

LETTER OF CREDIT (GENERAL)

__________________________
__________________________
__________________________

Sir:

We hereby agree to accept and pay at maturity any draft or drafts on us, at sight, issued by _______________________, of ________________________, to the extent of $__________ (________________________________________________________ & _____/100 dollars), and negotiated through your bank.

Most respectfully yours,

_________________________

by: ______________________