NON-TRANSFERABLE LETTER OF CREDIT

June 8, 2011

ISSUED BY: ABC Bank

LETTER OF CREDIT NO: 2244565

DATE OF ISSUE: 23-April-2010

DATE OF EXPIRATION: 24-April-2012

BENEFICIARY: Mr. Karl Homes

TEL. NO. : 12354677

FAX NO. : 238734896

BANK NAME: ABC Bank

We the undersigned hereby open unconditional, irrevocable, Letter of Credit in favor of Mr. Karl Homes for the amount Of USD $ 50,000 which due in two years and one day from the Date of issue

The Payment is available based on the beneficiary’s first written request (via test trial) Request hereunder must be marked and also drawn under the Letter of Credit no: 2244665

Dated: 23-April-2010

We shall make effect the payment with a postponed value date of three (3) banking days after the receipt of documents complied in accordance to the terms and conditions of the Letter of Credit.
We employ with you that the drawn demand under in compliance with the conditions of this Letter of Credit shall be bleakly honored on Due presentation to us.
The Letter of Credit is topic to the uniform norm and practices for “Documentary credit (1983 revision)”  I.C.C. publication No.400 changed by No.I.C.C.500, effective on January 1994.

Yours truly,
ABC Bank.

 

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