Draft for Letter of Credit

Draft for Letter of Credit :

A draft is a bill of exchange and a legally enforceable instrument which may be regarded as the formal evidence of debt under a letter of credit. Drafts drawn at sight are payable by the drawee on presentation.

Term (usance) drafts, after acceptance by the drawee, are payable on their indicated due date.


Drafts must show the name of the issuing bank and the number and date of the letter of credit under which they are drawn.

Drafts must be drawn and signed by the beneficiary of the letter of credit.

The terms of the draft must be expressed in accordance with the tenor shown in the letter of credit. e.g., at sight or at a stated number of days after bill of lading/shipment date.

The amount in words and figures must agree and be within the available balance of the letter of credit and in the same currency as the letter of credit.

The amount must agree with the total amount of the invoices unless the letter of credit stipulates that drafts are to be drawn for a given percentage of the invoice amount.

Draft for Letter of Credit

Letter Asking A Donation
Letter Asking A Favor
Letter Asking for More Details
Letter Asking for Donations
Letter Denying of Dealership
Letter for Change of Address
Letter for Distributorship
Letter for Hotel Reservation
Letter for Letter of Credit
Letter for Product Launch
Letter for Retirement Congrats
Letter for Settlement of Bill
Letter of Assurance
Letter of Enquiry
Letter of Order
Letter of Persuasion
Letter of Sympathy
Letter Offering Discount
Letter Related to Advertisement
Letter Related to Despatch
Letter Related to Training
Letter to A Foreign Buyer
Letter to Pen-Friend
Letter to Police
Letter with Order
Letter with Quotation
Letter Writing
Letters about Company Shares
Letters by Clubs and Societies
Letters by Landlords & Tenants
Letters for Appointment of Dealers
Letters for Business Relations
Letters for Buying and Selling
Letters for Credit & Collection
Letters for Foreign Travel
Letters for Lease & Tenancy
Letters for Loan & Borrowing
Letters for Transfer & Assignment
Letters for Insurance
Letters Noting Discrepancy
Letters of Condolence & Sorrow
Letters of Regret
Letters Regarding Maintenance
Letters Regarding Payment
Letters Related to Employees
Letters to Local Corporation
Letters to Postal Authorities
Letters to The Editor
Letters Used in Real Estate
Letters With Postal Department
Letters With Railways Authorities