SPECIMEN - STANDBY LETTER OF CREDIT
To: ……………………… Bank
SWIFT code:
From: ………………… Bank
Address:……………………
SWIFT BIC: ………………….
Quote:
Issuing bank: ………………. Bank
Applicant:
Beneficiary:
Address:
Standby Letter of Credit No.:
Date of Issue:
Date of Maturity:
Date of Expiry:
Amount: US Dollars …………… Million Only (USD………,000,000.00)
At the request and for account of ……………………………… (LC Applicant), we, ……………………
Bank, of………………………… (Address): hereby issue our irrevocable Standby Letter of Credit no.
_____ in favour of ……………………………… , with an aggregate amount up to USD….000,000.00 (Say
United States Dollars ……… Million Only) due on 366 days from the date of issue, _______.
Payment is available upon beneficiary’s first written demand via authenticated swift/ telex hereunder must be
marked “ Drawn under Standby Letter of Credit no. _____, dated ______. ”
We engage with you that the demand under and in compliance with the terms of this Standby Letter of Credit
shall be duly honored upon presentation to us.
This Standby L/C is subject to the Uniform Customs and Practice for Bank Credit instrument in accordance
with the International Chamber of Commerce (ICC) Publication no.500 (Latest Edition)
This standby letter of credit is an operative instrument and no mail confirmation will follow.
Best regards
(Signed)
____________________________ __________________________
Bank Officer: Bank Officer:
Title: Title:
I. D.: I. D.: