Free Letter of Credit Application

BrandVibe

Milwaukee, WI 53202

222 555 7777

Applicant (Buyer):

[Your Company Name]

[Your Company Address]

[Your Company Email]

Beneficiary (Seller):

Delvsource

Cleveland, OH 44101

Dear BrandVibe,

We, [Your Company Name], hereby request the issuance of an irrevocable letter of credit under the following terms and conditions:

1. Type of Letter of Credit: Irrevocable

2. Amount: USD 100,000.00 (One Hundred Thousand U.S. Dollars)

3. Currency: USD

4. Beneficiary Name: Delvsource

5. Purpose of Transaction: Purchase of marine equipment and spare parts

6. Description of Goods/Services: Marine engines, spare parts, and related accessories

7. Shipment Terms: FOB (Free on Board) – Port of Miami

8. Latest Shipment Date: November 15, 2054

9. Documents Required for Payment:

   • Commercial Invoice (3 copies)

   • Bill of Lading (Consigned to Sunrise National Bank)

   • Packing List

   • Certificate of Origin

   • Insurance Certificate

10. Payment Terms: Payment upon presentation of compliant documents, payable at sight

11. Expiry Date of Letter of Credit: December 31, 2054

12. Confirmation Required: [ ] Yes [x] No

13. Partial Shipments: [x] Allowed [ ] Not Allowed

14. Transshipments: [x] Allowed [ ] Not Allowed

15. Charges: All charges outside the applicant's country are to be borne by the beneficiary

16. Governing Rules: Subject to UCP 600

Please debit our account (Account No: 123-456-789) for all related charges associated with this letter of credit issuance. We confirm that we will comply with all bank terms and conditions related to this application.

Kindly process this application and inform us upon the successful issuance of the letter of credit.

Thank you for your assistance.

Sincerely,

[Your Company Name]
Authorized Signatory: [Your Name]
Position: Chief Financial Officer

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