International Letter Of Credit Import Export Or Trade

International Letter Of Credit Import Export Or Trade

[Your Company's Letterhead]

[Date]

[Beneficiary's Name and Address]

[City, Country]

Dear [Beneficiary],

IRREVOCABLE LETTER OF CREDIT NO. [LC Number]

We hereby establish our irrevocable Letter of Credit in your favor for an amount not exceeding [LC Amount] USD (US Dollars) available by your drafts at [Sight or a certain term after presentation] drawn on [Issuing Bank's Name and Address] and accompanied by the following documents:

1. Commercial Invoice in triplicate showing our LC number and full description of the merchandise.

2. Full set of clean, negotiable Bill of Lading issued to the order of [Issuing Bank's Name] and marked "Freight Prepaid."

3. Packing List in triplicate.

4. Certificate of Origin, issued by the competent authority, in duplicate.

5. Any other documents required as per the terms of the underlying contract.

The Letter of Credit will expire on [Expiry Date], and drafts must be presented before this date.

All drafts drawn under this Letter of Credit must indicate the LC number and be drawn on [Issuing Bank's Name]. They should be marked "Drawn under [LC Number] dated [LC Issue Date] and are payable at [Issuing Bank's Address]".

Partial shipments and transshipment are allowed unless otherwise stated herein.

We hereby engage with the drawers, endorsers, and bona fide holders that all drafts drawn under and in compliance with the terms of this Letter of Credit will be duly honored upon presentation and that the required documents will be honored upon presentation and found to be in accordance with the terms and conditions of this Letter of Credit.

This Letter of Credit is subject to the International Chamber of Commerce Uniform Customs and Practice for Documentary Credits (UCP 600).

[Your Name and Title]

[Your Company's Name]

[Issuing Bank's Name and Address]

[City, Country]

[Contact Information]

International Letter Of Credit Import Export Or Trade