Free Performance Letter of Credit Template
Performance Letter of Credit
[Your Company Name]
[Your Company Address]
October 15, 2050
Jeremy Marvin
Omaha, NE 68101
Dear Jeremy Marvin,
We are pleased to issue this Performance Letter of Credit No. LC-2023-4567 in your favor as the beneficiary, at the request of Heaven Construction Corp., in connection with the performance obligations under the contract referenced below.
This Performance Letter of Credit is issued in the amount of One Million Dollars ($1,000,000), available by your draft(s) drawn on [Your Company Name] at sight, and accompanied by the following documents:
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Beneficiary’s signed statement certifying that the applicant has failed to perform their obligations under the contract dated January 15, 2050.
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Copy of the contract and any relevant annexures.
This Letter of Credit is effective immediately and will expire on April 15, 2051, unless extended or otherwise agreed in writing by the issuer. Partial drawings are permitted, and this credit is subject to the Uniform Customs and Practice for Documentary Credits, 2007 Revision, ICC Publication No. 600.
Please be assured of our commitment to facilitate the contractual obligations and ensure the smooth and seamless execution of this credit. Should you have any questions or require further clarification, do not hesitate to contact us.
Thank you for your attention to this matter.
Yours sincerely,
[Your Name]
Senior Financial Officer
[Your Company Name]
