TEXT OF STAND BY LETTER OF CREDIT (TO BE TRANSMITTED BY SWIFT 760)

From :
Applicant name :
To :
Swift :
Beneficiary :
SBLC number :
Issue date :
Expiration date : ONE YEAR and one day.

WE, XXXXXXXXXXXX, ADDRESSED AT MR. XXXXXXXXX – DIRECTOR CEO HEREBY OPEN OUR UNCONDITIONAL, IRREVOCABLE, TRANSFERABLE AND CONFIRMED STAND-BY LETTER OF CREDIT NUMBER_______, IN FAVOR OF xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx, FOR ACCOUNT xxxxxxxxxxxxxx, IN THE AGGREGATE AMOUNT OF USD xxxxxxxx (xxxxxxxxxxxxxxxxxxx UNITED STATES DOLLARS), DUE AT SIGHT WITH MATURITY IN ONE YEAR AND ONE DAY FROM THE DATE OF ISSUE.

Except when the amount of this letter of credit is increased, this letter of credit cannot be modified or revoked without beneficiary consent.

Funds under this Letter of Credit are available against presentation to us of the first demand for payment by tested telex/SWIFT or by your draft partial or total, drawn at sight on us indicating our Stand By letter of credit number _____________

All banking charges are for the account of the applicant.

This SB letter of credit shall only be drawn once, not later than fifteen (15) days after the maturity date. Multiple drawings are not allowed.

We hereby engage with you that drawing (s) in compliance with the terms and conditions of this Stand-by Letter of Credit shall be promptly honored by us and payment shall be effected in accordance with your instructions within one business day after the date of your telex/swift demand.

This Stand-by Letter of Credit is subject to the uniform customs and practice from International Chamber of Commerce Publication no. 590.

Name of (1) bank officer ---------------- name of (2) bank officer ----------