letter of credit sample

letter of credit sample

Name and Address of Bank
Date: ________________

Irrevocable Letter of Credit No. ______________

Recipient:
Commodity Credit Corporation
Account Party: Name Address Exporter Exporter

Gentlemen:

We hereby open irrevocable credit in your favor for the sum or sums not exceeding in total ______________ dollars ($ __________), which will be provided by your request for payment at sight on presentation of your draft is accompanied by the following statement: (Insert statement applicable) / 2

This Letter of Credit is valid until _____________________ / 3, provided, however, that this letter of credit will be extended automatically without any change to _________________ / 4 of this or future expiration date thereof, unless at least thirty (30) days prior to any such expiration date Issuing Bank to provide written notice to the Commodity Credit Corporation in the US Department of Agriculture, 6 and Independence Avenue, SW, Stop 1000 more, Washington, DC 20250-1021, election not to renew this Letter of Credit additional ______________________ like / 5 period. Notices required under this shall be deemed given when received by you.

This Letter of Credit is issued subject to the Uniform Customs and Practice of Documentary Credits 2013 Revision, International Chamber of Commerce Publication No. 32

(Bank Name)
By: _______________________