Fillable Printable Terms of Letter of Credit Sample

Terms of Letter of Credit Sample

3263 Hershell Hollow Road

Everett, WA 98208

29 September 2010

Subject: TERMS OF LETTER OF CREDIT

Dear, Ms. Elizabeth

Following are the terms and conditions of letter of credit which should be

mentioned in the letter:-

• The letter of credit has only one month’s validity from the date of

transaction.

• The applicant for credit must agree on conditions like confirmation,

amendment, assurance and negotiation done if any.

• After the letter of credit is signed by the authorized personnel the bank

has to make payment as soon as possible.

• Along with letter of credit copies of certain documents needs to be

attached such as copy of application, copy of short term access,

schedule of payments which are to be made, approval of acceptance

and specimen signature copy etc.

If all the above terms and conditions is accepted and agreed by the credit

applicant then the bank or credit finance institutions ask for credit

reference. If reference provided is up to the mark then credit lending

procedure takes place.

Thanking You

Yours Sincerely,

3752 Timber brooks Lane

Gypsum, CO 81637