Irrevocable Letter of Credit

This Irrevocable Letter of Credit sample letter detailing a consumers line of credit that can not be revoked, altered or changed.









 

                                __________________[Bank]

                                _______________[Address]

                                ____________[City,State]

                                __________________[Date]

 

Irrevocable Credit

All drafts drawn must indicate credit number.

 

Gentlemen:

 

You are hereby authorized to value on the   [bank]     , of the City of ________________, State of______________, for any sum or sums up to the aggregate of ____________ ($        ) Dollars

 

For the account of _____________

Available by your drafts at    [specify]    day's sight.

 

Drafts are to be accepted only against delivery of the following documents:

 

Documents of title must be dated not later than _______, 19__.

 

All drafts against this credit are to be drawn and negotiated before   [date]      .

 

 

We hereby agree with the drawers, endorsers, and bonafide holders of drafts drawn in compliance with the terms of this credit that they shall be honored on presentation.

 

Yours truly,

 

 

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