Browse Template

Join Now

Letter of Credit

Request for the Transfer of Documentary Credit

This is a request for the transfer of Documentary Credit from the original Beneficiary's account to a new Beneficiary according to the terms of the original Documentary Credit. The Documentary Letter of Credit was issued by a Bank for a Beneficiary (Seller) on request by an Applicant (Buyer) as a payment mechanism used in international trade to provide an economic guarantee for parties from a creditworthy bank.

This letter requests for the transfer of Documentary Credit which must be done according to the terms of the original Documentary Credit. All Letters of Credit require the Beneficiary to present a draft and specified documents in order to receive payment, hence the name "documentary credit". The most common scenario for a Letter of Credit to be issued is where two parties enter into an agreement or a deal, and they do not know each other’s credibility well enough. This request will ensure that the transfer of the documentary credit is enforced. 

How to use this Document? 

This document should be carefully read by the Issuing Bank and the Beneficiary.

Both the Bank and Beneficiary should sign and return a copy, and once signed, both parties should get a copy. To avoid any future disputes, both parties may wish to have their signatures witnessed.

If either party wishes to amend the agreement in the future, both parties should agree to do so, and the original agreement and amendments should be recorded in writing and signed by both parties.

How to Tailor the Document for Your Need?

1. Click the “Create Document” button and fill in the details of the parties. You can click the “Fill with Member’s Information” button to complete the party’s information with your personal or business information saved to your account.

2. Please fill in any additional information by following the step-by-step guide on the left-hand side of the preview document and click the “Next” button.

3. When you are done, click the “Get Document” button and you can download the document in Word or PDF format.

4. Please review the document carefully and make any final modifications to ensure that the details are correct before sending to the addressee. 

letter of credit
documentary credit
letter of credit india
letter of credit
Issuing Bank
trade letter of credit
transfer of documentary credit

Related Documents