General Letter of Credit :
This Letter should be written in The Letter-Pad of the Company.
Name of Bank
We hereby agree to accept and pay at maturity anydraft or drafts on us, at 10 day's sight, issued by[name of individual] of your city, to the extent of $ 1,000,000 Dollars and negotiated through your bank.
Most respectfully yours,
I hereby guarantee the due acceptance of payment ofany draft issued in pursuance of the above credit.
SIGNATURE OF GUARANTOR
This is a typical letter. You have to add your company's name with full address. And the receiver's name and full address also should be added in the place allotted for that purpose. Without those primary details no letter carries any significance. So, you are requested to provide all those important details. Failing which the letter will make a wrong impression about your company and you among the receivers of your letters. This is the most unwanted attitude on your side in dealing with the clients who are the most valued assets of any business organisation. If necessary, leave those spaces blank.
General Letter of Credit
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