Letter Of Credit General

[date line]

[name of bank]

[address]

[city, state, zip]

[country]

Sir:

We hereby agree to accept and pay at maturity any draft or drafts on us, at _______ day's sight, issued by [name of individual] of your city, to the extent of [amount of limit] ($ ) Dollars, and negotiated through your bank.

Most respectfully yours,

_____________________

[Signature]

DATED: _____________________

____________________[ADDRESS]

I hereby guarantee the due acceptance of payment of any draft issued in pursuance of the above credit.

________________________

[SIGNATURE OF GUARANTOR]

Contract law requirements

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