Letter of Credit (Irrevocable)
Letter of Credit (Irrevocable)
__________________(Bank)
_______________(Address)
____________(City,State)
__________________(Date)
Irrevocable Credit
All drafts drawn must indicate credit number.
Gentlemen:
You are hereby authorized to value on the (bank) ,
of the City of ________________, State of______________,
for any sum or sums up to the aggregate of ____________
($ ) 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.
Yours truly,