Download Example Letter of Credit Template for Free

(3.9 based on 641 votes)
sectn_4.doc
Avoiding Documentary Credit Problems
1. Sending the buyer a letter of credit proforma
To avoid problems and delays in payment, it is recommended that the exporter convey in
writing some guidelines to the buyer as to what terms the credit should contain, the complete
name and address of the bank to which the letter of credit should advised by the opening bank,
and details of shipment terms. If these are spelled out in advance of the issuance of the credit
than costly amendments may not be required. A sample letter of credit template, or proforma,
is indicated below:
SAMPLE LETTER OF CREDIT
TEMPLATE / PROFORMA
TO: { BUYER} PROFORMA INVOICE:
YOUR REF.:
YOUR REF. DATE:
We have indicated below those terms and conditions that we would find acceptable in a letter of
credit issued by your bank. Your efforts to gain compliance with these terms and conditions in
the issuance of this letter of credit will ensure prompt dispatch of your order. If your bank is
unable to issue the credit within the following guidelines, please contact us providing information
on those areas that must be altered. This will eliminate needless delay and costs involved with
amendments after the credit has been opened. Only those items marked with an "X" will apply.
1. [ ] The letter of credit is to be irrevocable and subject to the Uniform
Customs and practice for Documentary Credits, as published and updated
from time to time by the International Chamber of Commerce.
2. [ ] The letter of credit is to be [ ] Advised [ ] Confirmed by our bank:
KeyBank National Association
Attn: International Operations
Telex No.: 212525 SNB UR
SWIFT No.: KEYBUS33
ABA.: 041001039
3. [ ] The beneficiary is to be shown as:
Example Letter of Credit Template
 1 / 4 >