Credit Letter Example For Bank In Arizona
Category:
State:
Multi-State
Control #:
US-0037LTR
Format:
Word;
Rich Text
Instant download
Description
This form is a sample letter in Word format covering the subject matter of the title of the form.
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FAQ
FROM :( NAME & ADDRESS OF OPENING BANK) TO :( NAME & ADDRESS OF NEGOTIATING BANK) 40A TYPE OF L/C: IRREVOCABLE. 20 L/C Number.
These documents are mostly used in international trade, where trust between buyers and sellers can be limited. Various types of letters of credit serve different purposes, such as commercial, standby, revocable, and irrevocable letters of credit.
Example: An Indian exporter receives an export LC from his overseas client in the Netherlands. The Indian exporter approaches his banker with a request to issue an LC in favour of his local supplier of raw materials. The bank issues an LC backed by the export LC.
