TO: BANK OF CHINA LIMITED, XIAMEN BRANCH
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AT THE REQUEST OF OUR CLIENT, PLS ISSUE YOUR GUARANTEE UNDER OUR FULL RESPONSIBILITY AND AGAINST OUR COUNTER GTEE NO.______________ AS PER THE FORMAT GIVEN BELOW.
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QUOTE
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TO:____________(境外银行)
ADDRESS:
ISSUING DATE:
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RE: OUR IRREVOCABLE STANDBY LETTER OF CREDIT NO. ____________ FOR CNY_________ DATED _________________-.
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WE, BANK OF CHINA LIMITED, XIAMEN BRANCH, WITH OUR REGISTERED OFFICE AT BOC BUILDING, NO.40, HUBIN-BEI ROAD, XIAMEN, FUJIAN, A HEREBY ISSUE OUR IRREVOCABLE STANDBY LETTER OF CREDIT NO.________ IN FAVOUR OF YOUR BANK FOR UP TO THE AMOUNT OF CNY____________ (SAY RENMINBI YUAN__________ ONLY) INCLUDING BUT NOT LIMITED TO THE PRINCIPAL, THE ACCRUED INTEREST, PENALTY INTEREST AND ANY OTHER FEES, EXPENSES WHICH ARE OR MAY BECOME PAYABLE TO YOU BY ___________________, ADDRESSED AT ___________(HEREUNDER REFERRED TO AS 'THE BORROWER') UNDER THE LOAN AGREEMENT NO._______________ DATED /// BETWEEN YOU AND THE BORROWER (HEREINAFTER CALLED THE 'LOAN AGREEMENT').
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THIS STANDBY LETTER OF CREDIT IS AVAILABLE WITH US BY PAYMENT AGAINST PRESENTATION TO US OF YOUR DEMAND BY AUTHENTICATED SWIFT STATING THAT THE AMOUNT OF THE SUCH CLAIM(S) REPRESENTS AND COVERS THE UNPAID BALANCE OF INDEBTEDNESS IN CONNECTION WITH YOUR GRANTING LOAN FACILITY TO THE BORROWER UNDER THE LOAN AGREEMENT AND AS OF THE DATE OF SUCH CLAIM, THE REPAYMENT HAS NOT BEEN RECEIVED IN FULL FROM THE BORROWER.
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THE MAXIMUM AMOUNT OF OUR LIABILITY UNDER THIS STAND-BY LETTER OF CREDIT SHALL NOT EXCEED THE SUM OF CNY_______________ (SAY
RENMINBI YUAN_______________ ONLY).
THIS STAND-BY LETTER OF CREDIT TAKES EFFECT FROM THE DATE HEREOF AND SHALL REMAIN VALID AND IN FULL FORCE UNTIL _____________AT OUR COUNTER AT BOC BUILDING, BOC BUILDING, NO.40, HUBIN-BEI ROAD, XIAMEN, FUJIAN, A.
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PAYMENT WILL BE EFFECTED WITHIN FIVE WORKING DAYS UPON OUR RECEIPT OF YOUR COMPLYING DEMAND BY AUTHENTICATED SWIFT WHICH IS RECEIVED BY US WITHIN THE VALIDITY DATE OF THIS STAND-BY LETTER OF CREDIT.
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MULTIPLE/PARTIAL DRAWINGS ARE PERMITTED. THE AMOUNT OF THIS STAND-BY L/C WILL BE AUTOMATICALLY REDUCED IN PROPORTION TO THE SUM(S) ALREADY PAID BY US.
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ALL BANKING CHARGES UNDER THIS STAND-BY LETTER OF CREDIT ARE FOR ACCOUNT OF THE APPLICANT.
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THIS STAND-BY LETTER OF CREDIT IS SUBJECT TO THE LATEST VERSION OF THE ICC UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS, INTERNATIONAL CHAMBER OF COMMERCE, PARIS, FRANCE, WHICH IS IN EFFECT ON THE DATE OF ISSUE.
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THIS IS AN OPERATIVE INSTRUMENT, NO MAIL CONFIRMATION WILL FOLLOW. .
BEST REGARDS/LG DEPT
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UNQUOTE
IN CONSIDERATION OF YOUR ISSUING THE ABOVE QUOTED STANDBY LETTER OF CREDIT, WE, _______________________________（担保行的名称和地址）HEREBY UNCONDITIONALLY AND IRREVOCABLY GUARANTEE AND UNDERTAKE TO PAY TO YOU THE AGGREGATE AMOUNT NOT EXCEEDING A MAXIMUM AMOUNT OF CNY__________ (SAY RENMINBI YUAN______________ ONLY) WITHIN TWO WORKING DAYS UPON OUR RECEIPT OF YOUR FIRST DEMAND BY AUTH. SWIFT STATING YOU HAVE BEEN CLAIMED BY THE BENEFICIARY AND
THE CLAIM IS IN COMPLIANCE WITH THE TERMS AND CONDITIONS OF YOUR STANDBY LETTER OF CREDIT.
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OUR COUNTER GTEE WILL COME INTO FORCE FROM ITS ISSUING DATE AND REMAINS VALID UNTIL 30 DAYS AFTER THE EXPIRY OF YOUR STANDBY LETTER OF CREDIT, BUT NOT LATER THAN ________________ AT THE LATEST. .
THIS COUNTER GUARANTEE IS SUBJECT TO THE LAWS OF P.R. CHINA. ANY DISPUTES ARISING OUT OF OR IN CONNECTION WITH THIS GUARANTEE SHALL BE SUBMITTED TO THE EXCLUSIVE JURISDICTION OF CHINESE COURTS. .
WHEN YOU CHARGING FROM US, PLS KINDLY INFORM US THE BREAKDOWN OF YOUR COMMISSION AND CHARGES (E.G COMMISSION RATE, CHARGING PERIOD)
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THIS IS AN OPERATIVE INSTRUMENT AND NO MAIL CONFIRMATION WILL FOLLOW.
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BEST REGARDS,
GTEE DIV.