FROM :( NAME & ADDRESS OF OPENING BANK) TO :( NAME & ADDRESS OF NEGOTIATING BANK) 40A TYPE OF L/C: IRREVOCABLE. 20 L/C Number.
Ing to the letter of credit rules, a letter of credit should be issued in an irrevocable form, as a result it cannot be cancelled without the written consent of the beneficiary.
How to Write a Letter of Credit Prepare the letter of credit documents, including the credit application, bank instructions, and the credit agreement. Make sure all documents are signed, dated, and include all necessary information. Submit documents to the issuing bank. Confirm that the bank has accepted the documents.