Standby Letter Of Credit Model

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APPENDIX Nº 3 FFSBLC WORDING OF THE UNCONDITIONAL, IRREVOCABLE, TRANSFERABLE, DIVISIBLE AND ASSIGNABLE FULLY FUNDED STANDBY LETTER OF CREDIT. FULLY FUNDED STANDBY LETTER OF CREDIT FORM 3034 ISSUED BY LETTER OF CREDIT NUMBER DATE OF ISSUE DATE OF MATURITY DATE OF EXPIRATION BENEFICIARY WE THE UNDERSIGNED, HEREBY OPEN OUR UNCONDITIONAL IRREVOCABLE TRANSFERABLE, DIVISIBLE AND ASSIGNABLE, LETTER OF CREDIT IN FAVOR OF …………… ……………………………………………………., REPRESENTED BY ……………………………….., ……………………… ……, ………………………………. FOR THE FACE AMOUNT OF UNITED STATES DOLLARS …………… …………….. (………………………………………………… USD) DUE ON ONE YEAR AND ONE DAY FROM THE DATE OF ISSUE ……………………………….(DATE) ……………………………………………….. PAYMENT IS AVAILABLE UPON BENEFICIARY´S FIRST WRITTEN DEMAND (VIA KEY TESTED TELEX) DEMAND HEREUNDER MUST BE MARKED "DRAWN UNDER LETTER OF CREDIT NUMBER ……………………………………. AUTHENTICATED BY ……………………………………… (TRANSMITTING BANK)". WE ENGAGE WITH YOU THAT THE DEMAND DRAWN UNDER AND IN COMPLIANCE WITH TERMS OF THIS LETTER OF CREDIT SHALL BE DULY HONOURED TO ON DUE PRESENTATION TO US. THIS LETTER OF CREDIT IS SUBJECT TO UNIFORM CUSTOMS AND PRACTICES FOR THE DOCUMENTARY CREDIT (1993 REVISION) I.C.C PUBLICATION NUMBER 500. ALL CHARGES RE FOR THE ACCOUNT OF THE APPLICANT.

_________________________ BANK OFFICER (TITLE)

_________________________ BANK OFFICER (TITLE)

DATE,

BANK SEAL

*** MUST BE ISSUED VIA SWIFT ***

Buyer’s Initial

Page

of 14

Seller’s Initial 1

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