Letter of Credit Application Form PDF | LC Form Download All Bank

A standard commercial Letter Of Credit is a document issued by a financial institution, primarily used in trade finance, that typically provides irreversible payments. A letter of credit can also be a source of payment in a transaction, meaning that an exporter may receive payment in lieu of a letter of credit. Letters of credit are mainly used in certain types of international business transactions, in which the supplier is located in one country and the customer is located in another country. They are also used for land development processes so that the construction works of approved public facilities (roads, footpaths, rain ponds, etc.) can be completed. The parties to a letter of credit usually have a beneficiary who receives the money an issuing bank to whom the applicant is a customer and a consulting bank whose beneficiary is a customer.

Letter Of Credit Form PDF

Type of Letter of Credit

1. Commercial Letter Of Credit
2. Standby Letter of credit
3. Revocable LC
4. Unconfirmed LC
5. Transferable LC
6. Back to Back LC
7. Red Clause LC
8. Green Clause LC
9. Revolving LC
10. Sight LC
11. Deferred Payment LC (or Usance LC)

Download the Letter Of Credit Application Form PDF

Here we will give you all the banks in which most of the work of letter of credit is done. They are providing the link to download their application form.