Letter of Credit (Irrevocable) __________________[Bank] _______________[Address] ____________[City,State] __________________[Date] Irrevocable Credit All drafts drawn must indicate credit number. Gentlemen: You are hereby authorized to value on the [bank] , of the City of ________________, State of______________, for any sum or sums up to the aggregate of ____________ ($ ) Dollars For the account of Available by your drafts at [specify] day's sight.
Drafts are to be accepted only against delivery of the following documents: Documents of title must be dated not later than _______, 19__. All drafts against this credit are to be drawn and negotiated before [date] . We hereby agree with the drawers, endorsers, and bonafide holders of drafts drawn in compliance with the terms of this credit that they shall be honored on presentation. Yours truly,