Irrevocable Letter Of Credit :
This Letter should be written in The Letter-Pad of the Company.
Irrevocable Credit :
All drafts drawn must indicate credit number.
You are hereby authorized to value on the Bank of XXXXXX, of the City of XXXXXXXXX, State of YYYYYYYY, for any sum or sums up to the aggregate of USD one millions($ 1,000,000) Dollars
For the account of
Available by your drafts at [specify] day's sight.
Drafts are to be accepted only against delivery of the following documents:
Documents of title must be dated not later than _______,19__.
All drafts against this credit are to be drawn and negotiated before [date] .
We hereby agree with the drawers, endorsers, and bonafide holders of drafts drawn in compliance with the terms of this credit that they shall be honored on presentation.
(The Sender's Signature)
The Sender's Name
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.
Irrevocable Letter Of Credit
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