STANDBY LETTER OF CREDIT
BANK OF ………………………….
Letter of Credit No.: …………………………………….
Contract No.: ………………………………………………..
Date of issuance: ………………………………………
Date of maturity: ….(366 days from issuance)……………
Date of expiry: ……….(15 days after maturity)……………….
Confirmed by: …………(bank)……………………
Address: ……….(city, country, branch)………………
SWIFT: ……………………………..
Beneficiary: …………………………………………………………………………………………………………………
Beneficiary's bank: ……………………………………
Address: ……………………(city, country, branch)………………………………………………………..
Account No.: …………………………………………
Account name: ………………………………………
IBAN: ……………………………………………………….
SWIFT: ……………………………………………
We, ………….(issuing bank)…………..(city, country, branch)……………………………………………
on behalf of ……………….(Applicant)……………………… hereby open this Irrevocable,
Unconditional, Unencumbered, , Assignable, Negotiable and Transferable Standby
Letter of Credit (hereunder: SBLC) for the credit of ……….(beneficiary)……. as the
Beneficiary, amounting to the total value of ………………………………… United States
Dollars (say …………………………………………………………………………... United States Dollars
only).
This SBLC is available for payment at the maturity date by Beneficiary's first written
demand by key tested telex, or key tested SWIFT message drawn on …………..…….
(issuing/confirming bank)……….(city, country, branch)………….
The payment will be made without delay, in freely transferable and lawful United
States of America Dollars. Such payment shall be made without set off, free and
clear of any deduction, charge fee, or withholding of any nature now or hereafter,
imposed levied, collected, withheld, or assessed by the Government of ……...(issuing
and confirming banks' country)…………, or any subdivision or Authority, thereof or
therein.
The SBLC is callable at the counters of ………….(beneficiary's bank)…….(city, country,
branch)……………
Drafts drawn under this SBLC must be marked:
Drawn under L/C No. …………………………………
Dated ..... (date of issuance)……..
Date of maturity …………………………………
Date of expiry: …………………………………….
Issued by ……….. (issuing bank)……..(city, country, branch)………………..
Confirmed by …..(confirming bank)……….(city country, branch)…………..
For the total amount of ……………………… US Dollars (say ……………………………..
United States Dollars only)
This SBLC is transferable without presentation of it to us and without the payment of
any transfer fee or notification to us.
This SBLC shall be governed and constructed in accordance with the Laws of ………….
….. (the country of the issuing bank)………………
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