求翻译,加急。WE HEREBY ISSUE THIS IRREVOCABLE STANDBY LETTER OF CR
求翻译,加急。
WE HEREBY ISSUE THIS IRREVOCABLE STANDBY LETTER OF CREDIT NO. IN YOUR FAVOUR FOR THE ACCOUNT OF [APPLICANT] FOR CAD$ [AMOUNT IN WORDS] TO SECURE BANKING FACILITIES BY WAY OF LOANS ,GUARANTEES, INDEMNITIES, PAYMENT OBLIGATIONS, LETTERS OF CREDIT AND ANY OTHER BANKING SERVICES WHATSOEVER GRANTED OR TO BE GRANTED BY YOUR BANK TO [APPLICANT].
THIS STANDBY LETTER OF CREDIT IS AVAILABLE AGAINST YOUR DRAFT AT SIGHT ON US INDICATING THIS CREDIT NUMBER AND YOUR SIGNED CERTIFICATE STATING:
QUOTE: THE AMOUNT OF THIS DRAWING CAD$ UNDER IRREVOCABLE STANDBY LETTER OF CREDIT NUMBER
REPRESENTS SUMS, INCLUDING PRINCIPAL, INTERESTS AND CHARGES DUE, OWING AND UNPAID UNDER BANKING FACILITIES GRANTED BY US TO .UNQUOTE
PARTIAL DRAWINGS ARE PERMITTED.
DRAWING BY AUTHENTICATED SWIFT PERMITTED IN WHICH CASE THE NEED TO DRAW DRAFTS IS NOT REQUIRED.
WE UNDERTAKE THAT YOUR DEMAND FOR PAYMENT MADE IN COMPLIANCE WITH THE TERMS AND CONDITIONS OF THIS STANDBY LETTER OF CREDIT WILL BE DULY HONOURED ON OR BEFORE
[EXPIPY DATE]
IT IS A CONDITION OF THIS CREDIT THAT IT SHALL BE AUTOMATICALLY EXTENDED FOR AN ADDITIONAL PERIOD OF ONE YEAR FROM THE PRESENT OR FUTURE EXPIPY DATE, UNLESS AT LEAST 30 DAYS PRIOR TO THAT DATE WE SEND YOU NOTICE IN
WRITING BY REGISTERED/COURIER MAIL, OR AUTHENTICATED SWIFT, THAT WE ELECT NOT TO RENEW THIS LETTER OF CREDIT FOR SUCH ADDITIONAL PERIOD. ANY SUCH NOTICE SHALL BE EFFECTIVE WHEN SENT BY US AND UPON SUCH NOTICE RECEIVED BY YOU, YOU MAY CLAIM THAT BALANCE OWING STATING.
QUOTE “THE AMOUNT CAD$ OF THIS CLAIM UNDER STANDBY LETTER OF CREDIT NUMBER REPRESENTS FUNDS OWED TO US AS WE HAVE RECEIVED NOTICE FORM OF THEIR DECISION NOT TO EXTEND THIS STANDBY LETTER OF CREDIT FOR AN ADDITIONAL YEAR ”. UNQUOTE
THIS STANDBY LETTER OF CREDIT IS SUBJECT TO THE INTERNATIONAL STANDBY PRACTICES-ISP98, INTERNATIONAL CHAMBER OF COMMERCE PUBLICATION NO.590.