Letter of Credit is provided to inform you about this document in question and assist you in its preparation. A L/C is a standard document to provide for guaranteed payment. This document will suffice.
1. Make multiple copies. Give one to each related party and keep one with the transaction file involved.
Letter of Credit
LETTER OF CREDIT (GENERAL)
We hereby agree to accept and pay at maturity any draft or drafts on us, at sight, issued by __________________________, of __________________________, to the extent of $_____(________________________ & _____/100 dollars), and negotiated through your bank.
Most respectfully yours,
__________________________ by: ________________