(To be completed on buyer’s bank letterhead
Date:
From (Name and address of Bank):
Telex:
SWIFT:
Telephone number:
Fax number:
To: (Name of account holder)
Subject:
We are informed that our client (name of company or client), account number (optional) would like to purchase (quantity of commodity) of (type of commodity/product) at Euros € / US Dollars ($ ___ per (MT or other unit price) C&F/CIF/FOB), (name of port of delivery and country) for a total of US$ / Euros € (total amount order).
The Agreement price, as quoted, is subject to the payment of Fully Funded irrevocable, transferable, divisible STANDBY LETTER OF CREDIT unconditional Confirmed by prime bank, will be issued for the 100% of the Agreement amount and valid for Twelve (12) months and one (1) day for the total quantity of ,000,000 ( Million) MT (+/-5%) and value of US$ ,000,000,000.00 (One United States Dollars) (+/-5%).
This is to inform you that the Buyer has the financial capacity to issue such Letter of Credit subject to bank formalities, should the buyer contract for the (name of commodity).
Signed and sealed
_____________________
Title and typed full name
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