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LC Format

This letter requests a bank to issue a letter of credit for goods and services in favor of a beneficiary. It provides details of the applicant, beneficiary, credit amount, expiry date, presentation period, shipment terms, and conditions. Upon receiving acknowledgement of the terms, the bank will proceed to issue the letter of credit as requested.

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Lonina Leteipan
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773 views2 pages

LC Format

This letter requests a bank to issue a letter of credit for goods and services in favor of a beneficiary. It provides details of the applicant, beneficiary, credit amount, expiry date, presentation period, shipment terms, and conditions. Upon receiving acknowledgement of the terms, the bank will proceed to issue the letter of credit as requested.

Uploaded by

Lonina Leteipan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

[Bank Name]

[Bank Address]

[City, State, ZIP]

[Date]

[Applicant Name]

[Applicant Address]

[City, State, ZIP]

[Beneficiary Name]

[Beneficiary Address]

[City, State, ZIP]

Subject: Letter of Credit (LC) Application

Dear [Bank Name],

We hereby request the issuance of a Letter of Credit (LC) in favor of the [Beneficiary Name] as per
the following details:

LC Number: [Insert LC number for reference purposes]

Applicant Name: [Insert Applicant Name]

Applicant Address: [Insert Applicant Address]

Beneficiary Name: [Insert Beneficiary Name]

Beneficiary Address: [Insert Beneficiary Address]

Issuing Bank: [Insert Name of the Bank issuing the LC]

Expiry Date: [Insert LC Expiry Date]

Amount: [Insert LC Amount in the applicable currency]

Currency: [Insert Currency]

Description of Goods/Services: [Provide a detailed description of the goods/services being covered


by the LC]
Presentation Period: [Specify the period within which the beneficiary must present documents for
payment]

Partial Shipments: [Specify whether partial shipments are allowed or not]

Transshipment: [Specify whether transshipment is allowed or not]

Latest Shipment Date: [Specify the last date by which the goods must be shipped]

Terms and Conditions:

The Letter of Credit shall be subject to the Uniform Customs and Practice for Documentary Credits
(UCP) latest revision.

All documents must be presented in accordance with the terms and conditions mentioned in the LC.

Payment shall be made upon receipt and verification of the complying documents.

Any discrepancies found in the documents shall be communicated to the beneficiary promptly.

Any expenses related to the LC, including but not limited to, amendment fees, courier charges, and
bank charges, shall be borne by the Applicant.

Any disputes arising out of or in connection with the LC shall be subject to the jurisdiction of the
courts in [Jurisdiction].

Please acknowledge your acceptance of the above terms and conditions by signing and returning a
copy of this letter to us. Upon receipt of the signed copy, we will proceed with the issuance of the
Letter of Credit as requested.

Should you require any additional information or have any questions regarding this request, please
feel free to contact us at [Bank Contact Details]. We appreciate your prompt attention to this matter.

Thank you for choosing [Bank Name]. We look forward to serving your banking needs.

Yours sincerely,

[Your Name]

[Your Title]

[Bank Name]

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