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Lesson 38 --- LETTER OF CREDIT
Lesson 38: LETTER OF CREDIT
Grammar Pattern
LETTER OF CREDIT (GENERAL)

(name of bank)
(address)
(city, state, zip)
(country)

Sir:

We hereby agree to accept and pay at maturity any draft or drafts on us, at day's sight, issued by
(name of individual) of your city, to the extent of (amount of limit) ($ ) Dollars, and negotiated through your bank.

Most respectfully yours,

_____________________
(Signature)

DATED: _____________________

____________________(ADDRESS)


I hereby guarantee the due acceptance of payment of any draft issued in pursuance of the above credit.

________________________
(SIGNATURE OF GUARANTOR)

letter/email/etc

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