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To: PARTY_1_NAME of PARTY_1_ADDRESS_SINGLE_LINE

Dated: 24 November 2024

Dear Sir/Madam,

Documentary Credit (Ref No: REFERENCE)

We were mandated by PARTY_2_NAME, to issue you this transferable documentary credit, of which you are the beneficiary. The text, as well as the terms and conditions, are enclosed in this letter. Please note the terms and conditions that apply to this documentary credit. If you do not accept any one of the following terms and conditions, please contact the instructing party to request that it be amended.

Beneficiary: PARTY_1_NAME of PARTY_1_ADDRESS_SINGLE_LINE

Account Number:ACCOUNT_NUMBER

Instructing party:PARTY_2_NAME of PARTY_2_ADDRESS_SINGLE_LINE

Amount: CURRENCY AMOUNT

Expiry date: EXPIRY_DATE (in JURISDICTION_STATE)

This Documentary Credit is to be payable upon the presentation of the following documents:

DOCUMENTS

Whenever this letter of credit is drawn on under and in compliance with the terms of this credit, we shall duly honour such draft upon presentation to us, and we shall deposit the amount directly into the abovementioned account number, in accordance with your instructions. 

Except where compliance puts either you or us in conflict with the Laws of the jurisdiction of its organisation and notwithstanding anything to the contrary stated or implied in this Letter of Credit, no provision of this Letter of Credit shall be interpreted or applied so as to require you or us to take, or to refrain from taking, any action in connection with this Letter of Credit that would be in violation of the Laws of the United States or the United Kingdom, (including the U.S. Laws restricting participation in or compliance with certain foreign boycotts, directly or indirectly, as contained in the U.S. Export Administration Act of 1979, the U.S. Internal Revenue Code, the U.S. Foreign Corrupt Practices Act and the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions of the Organisation for Economic Co-operation and Development) or that would place you or us in a position of non-compliance with such Laws.

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