Global connections anytime, anywhere

BCL

Global connections anytime, anywhere

NOTE: AXISnet Global Ventures makes no warranties, express or implied, regarding the use of this SAMPLE document. In no event shall AXISnet Global Ventures be liable to anyone for any problem, claim, or loss arising out of the use of this SAMPLE document . Certain parts of this document have been purposely omitted . Your final document should be reviewed by a lawyer before use. AXISnet Global Ventures is not engaged in practicing law nor provide legal advice. This is just part of AXISnet Global Ventures’ ongoing contributions towards a better understanding and implementation of proper international trade documentation . Certain variations of the document should be expected .

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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  :

 

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