Page 540 - 進出口外匯實務

進出口外匯實務

thereon due to yourselves arising fr om granting credit facility to (XYZ

Bank’s customer name and address).

We hereby undertake with you to honor each draft drawn under
and in compliance with the terms of this Standby Letter of Credit,

if duly presented together with th e documents specified to us at
our counter on or before the stated expiration date.

The Credit will become null and

aforesaid expiry date. Claims, hereun void automatically after the
der, if any, must be received
by us on or before the expiry date of this Credit.

The Credit should be returned to us when the purpose for the
issuance of the instrument has been fulfilled.

The Credit is subject to the Inte rnational Standby Practices 1998,

International Chamber of Commerce Publication No.590 ( “ ISP98 ”)

530