_______________________________ (Bank)
_______________________________ (Address)
_______________________________ (City, State)
_______________ (Date)
Irrevocable Credit
All drafts drawn must indicate credit number.
Gentlemen:
You are hereby authorized to value on the [bank] , of the City of ________________, State of______________, for any sum or sums up to the aggregate of ____________ (sum).
For the account of _____________________ (account no.).
Available by your drafts at _______________________ (specify) day’s sight.
Drafts are to be accepted only against delivery of the following documents:
________________________________________________________________
Documents of title must be dated not later than _______________ (date).
All drafts against this credit are to be drawn and negotiated before ________________ (date).
We hereby agree with the drawers, endorsers, and bonafide holders of drafts drawn in compliance with the terms of this credit that they shall be honored on presentation.
Yours truly,
________________________________