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 Stand-by L/C
xCHASE xxxxxxxxx BANK
IRREVOCABLE LETTER OF CREDIT
123 Wall Street
xxxxxx, N. Y. |
SPECIMEN
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January 22. 1996
10005 |
We hereby establish an irrevocable Letter of Credit in your favor for account of ABC Co., 21st East 34th Street xxxxxx, N. Y. and thereby undertake to honour drafts at sight on us not exceeding in the aggregate US $ 100,000.00 (U.S. Dollar one hundred thousand dollars) each such draft to be accompanied by your written statement that drawing represents sum owed to you through failure of ABC Co., 21st East 34th Street xxxxx, N. Y., to make payment in connection with your bid invitation No. 12345.
This credit is valid until March 5, 1996 and drafts drawn here under if accompanied by document as specified above will be hon- oured if presented to us at our office on or before that date.
Except as otherwise expressly stated herein, this credit is subject to the "Uniform Customs and Practice for Commercial Documentary Credits(1993 Revision), International Chamber of Commerce, Publication No. 500".
Your faithfully,
Chase xxxxxxx Bank |
Authorized counter
signature |
Authorized signature
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