BANK CAPABILITY LETTER

(ON BANK LETTERHEAD)

 

 

 

Date:

 

 

 

From (Name of Bank):

 

(Address of Bank):

 

Telex:

 

SWIFT:

 

Telephone number:

 

Fax number:

 

 

 

To: (Name of account holder)

 

Subject:

 

 

 

 

We are informed that our client (company name of client), account number (optional) would like to purchase (quantity  of commodity) of (type of commodity) at US

($ ___/mt C&F/CIF/FOB), (name of port of delivry and  country) for a total of US$ (total amount order).

 

We understand that payment is to be by (Irrevocable, Fully Funded, Transferable, Divisible, Confirmed, Acceptable Documentary Lette rof Credit ) (or Irrevocable, non-transferable documentary letter of credit) (or Standby/SWEFT Wire Transfer/Sola Draft in any and all aspect to the seller) Payable at 100% sight of contract value for (number of days), and confirmed by (name of confirming bank) after receipt of  (_________ percent) Performance Guaranttee Bond / product confirmation acceptable to buyer.

 

This is to inform you that the buyer has the financial capacity to issue such Letter of Credit subject to bank formalities, should the buyer contract for the (name of commodity).

 

 

Signed and sealed

 

_____________________

(Title)

 

 

Authorized bank signatory

 

______________________

(Title)