This Irrevocable Letter of Credit sample letter detailing a consumers line of credit that can not be revoked, altered or changed.
All drafts drawn must indicate credit number.
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.