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(To Be Completed On Buyer's Bank Letterhead) : Appendix A

This bank capability letter provides information about a buyer's ability to purchase cement from a seller over a period of 20 months. The letter states that the buyer has been a customer of the bank since [DATE] and has the capability to obtain an irrevocable letter of credit for the monthly shipment value of $XXX,000 for a total contract value of $XX,XXX,000. However, the bank does not assume any commitment to issue credit and is only certifying the buyer's financial capacity to initiate the transaction if desired. The letter is valid for one month from issuance.

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211 views

(To Be Completed On Buyer's Bank Letterhead) : Appendix A

This bank capability letter provides information about a buyer's ability to purchase cement from a seller over a period of 20 months. The letter states that the buyer has been a customer of the bank since [DATE] and has the capability to obtain an irrevocable letter of credit for the monthly shipment value of $XXX,000 for a total contract value of $XX,XXX,000. However, the bank does not assume any commitment to issue credit and is only certifying the buyer's financial capacity to initiate the transaction if desired. The letter is valid for one month from issuance.

Uploaded by

Penny
Copyright
© © All Rights Reserved
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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APPENDIX A

(To be completed on Buyer's Bank Letterhead)


Bank Capability Letter (BCL)
Date: ---/----/-----To:

George C. Androutsopoulos
Vassileios Rempelis
or
any other legal entity appointed therefrom for the purpose of this Transaction.

Transaction Reference: Purchase of XXXX,000 Metric tons of cement


over a period of XX months FOB XXXX port XXXX.
Monthly shipment value: XX,00 US$ X XXX,000 Metric tons of cement
= XXXXXX,000 US$ (XXXXXXXXXXXXXXXXXX United States Dollars)
Total contract value: XX,00 US$ X XXXXXX,000 Metric tons of cement =
XXXXXXXXX,000 US$ (XXXXXXXXXXXXXXXX United States Dollars)
Dear Sirs:
We Name of Bank, Branch of Bank, Address of Bank , inform that Buyer
Company Name , is our customer, which has been banking with us
since ..
We also inform that Buyer Company Name has the capability to obtain
through our Bank an Irrevocable, Transferable, Divisible, Automatic
Revolving Letter of Credit, Fully Funded for the monthly shipment
value, payable to Seller 100% at sight against shipping documents and
SGS inspection for the aforesaid transaction or any other equivalent
instrument accepted by the Seller.
In providing this Capability Letter, we Name of Bank, do not assume
any commitment to issue this credit facility. We certify only that Buyer
Company Name has the credit, or the financial capacity to initiate the
transaction indicated above, should he wish to do so. This statement is
issued only for fulfilling the requirement to initiate the said transaction.
This statement is valid for one month since the issuance date.
Buyer's Information

Buyer Company Name: _________________________________


Legal representative: _________________________________
Account name: _________________________________
Account Number: _________________________________
Address: _________________________________
Telephone: _________________________________
Fax: _________________________________

Name of the Bank Officer: ___________________________


Title: ___________________________
Signature: ___________________________
Bank contact person: (English speaking) ___________________________
Swift number: ___________________________
Telephone: ___________________________
Fax: ___________________________
----------------------------------------

-----------------------------------------

NAME OF BANK OFFICER #1

NAME OF BANK OFFICER #2

------------------------Bank Stamp

---------------------------Bank Stamp

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