BANK CLEARANCE LETTER
TO : BENEFICIARY via YOUR COMPANY.
DATE : ………..… 2007
PLEASE NOTE THAT WE…………………………………………………. (bank name) WITH FULL BANKING RESPONSIBILITY, HEREBY CONFIRM THAT OUR
CLIENT ………………………………
( buyer’s name ) , WITH ACCOUNT NUMBER……………….., IS FINANCIALLY ABLE TO INITIATE THE TRANSACTION INVOLVING PURCHASE OF …………………………….. (quantity and product name) DURING THE NEXT ………………………( period of time ) .
WE UNDERSTAND THAT THE SHIPMENT FACE VALUE OF THE NEEDED IRREVOCABLE CONFIRMED ………………………. (terms of payment : RLC , DLC , SLC) LETTER OF CREDIT PAYABLE AT SIGHT WILL BE ………………. (USD in
words) PER SHIPMENT AND THE TOTAL VALUE OF THE TRANSACTION FOR ………………………….. (period of contract length) WILL BE …………………………. (USD in words) .
WE CERTIFY ONLY
THAT……………………………………………(buyer’s name) HAS SUFFICIENT FUNDS ON THE ACCOUNT AND SUFFICIENT LINE OF CREDIT WITH OUR BANK TO COMPLETE THE ABOVE TRANSACTION .
WE GUARANTEE THAT THE PAYMENT (
RLC , DLC , SLC ) WILL BE USED FOR THIS TRANSACTION AND WILL REVOLVE FROM SHIPMENT TO SHIPMENT DURING THE DURATION OF THE CONTRACT SHOULD OUR ABOVE MENTIONED CUSTOMER WISHES US TO DO SO .
WE HAVE BEEN INFORMED BY OUR
CLIENT……………………………….(buyer’s name) THAT HE HEREBY GIVES PERMISSION TO THE SELLER TO CONDUCT A SOFT PROBE ON HIS ACCOUNT .
……………………………………………………
Authorized Signature
Name and Title of the person signing :
ACCOUNT NAME :
ACCOUNT OFFICER’S NAME :
BANK NAME :
BANK BRANCH :
BANK PHONE NUMBER :
BANK FAX NUMBER :
BANK TELEX NUMBER :
BANK SWIFT CODE :
