Fillable Printable Red Clause Letter Of Credit Sample

Red Clause Letter Of Credit Sample

To,

Anand Kamath,

Prem Industries Ltd,

Classic Complex,

Circle Lane,

New Delhi

Sept’ 2010

Subject: Red clause letter of credit

Dear Mr. Kamath,

I am writing to you with reference to the request made by our customer,

Exide Manufacturers, we are happy to inform you that our senior officials

are happy to provide you financial support for the completion of the project.

To that effect we establish a Red Clause letter of credit in favor Exide

Manufacturers for Twenty Thousand Rupees (Rs. 20,000).

As per the letter of credit our senior officials authorize to withdraw the said

amount. You can withdraw the amount by presenting the Demand Draft at

Deshkmukh Bank, Greater Noida Branch within the stipulated time of the

Letter of credit.

We are happy to serve and hope that you would adhere to the terms and

conditions of our company and repay us the amount as per agreed.

Yours truly,

For Deshmukh Bank