Standby Letter of Credit Template

A standby letter of credit (SBLC) is a financial instrument used in international trade to reduce the risk of one party not fulfilling their contractual obligations. It serves as a guarantee that the issuing bank will pay the beneficiary a specific amount if the applicant fails to meet their contractual commitments.

Here is a short sample of an SBLC template that can be used as a starting point for drafting a standby letter of credit. This template is written in concise and clear English to ensure a straightforward and effective guarantee.

【标题：Standby Letter of Credit (SBLC) Template】

Date: [Date of Issuance]

Irrevocable Standby Letter of Credit No: [Unique Reference Number]

Beneficiary: [Name and Address of Beneficiary]

Applicant: [Name and Address of Applicant]

Issuing Bank: [Name and Address of Issuing Bank]

We, [Name of Issuing Bank], hereby issue this irrevocable standby letter of credit in favor of [Name of Beneficiary] up to a maximum aggregate amount of [Maximum Amount in Figures and Words] ([Currency]). This letter of credit is effective immediately and expires on [Expiration Date] at our counters.

We undertake to honor your drafts drawn on us, indicating our reference number, for any amount(s) up to the maximum aggregate amount stated above, provided that such drafts are accompanied by the following documents:

A dated statement, purportedly signed by an authorized signatory of the beneficiary, certifying that the applicant has failed to perform or comply with the terms and conditions of the contract referenced below. A copy of the underlying contract between the applicant and the beneficiary, clearly stating the obligations of the applicant, which has been identified to us by specific reference in your claim. A copy of any invoice(s) and/or demand(s) sent by the beneficiary to the applicant, indicating the amount(s) due and the failure of the applicant to pay/perform.

All drafts must be presented to us at our counters, together with the above-mentioned documents, no later than [Number] banking days prior to the expiration date of this letter of credit. Partial drawings are permitted.

This letter of credit is subject to the International Standby Practices (ISP98), International Chamber of Commerce Publication No. 590. In the event of any conflict between the provisions of this letter of credit and ISP98, the provisions of this letter of credit shall prevail.

Except so far as otherwise expressly stated, this letter of credit is subject to the Uniform Customs and Practice for Documentary Credits, 2007 Revision, International Chamber of Commerce Publication No. 600 (UCP 600).

All banking charges under this letter of credit are for the applicant's account. This letter of credit is not transferable.

This standby letter of credit sets forth in full the terms of our undertaking, and such undertaking shall not in any way be modified, amended, amplified, or limited by reference to any document, instrument, or agreement referred to herein, except for the ISP98 and UCP 600, if applicable.

In the event that the expiration date of this letter of credit, or any banking day for presentation falls on a day when our offices are closed, then such date(s) shall be automatically extended to the first following date on which our offices are open for business.

This letter of credit shall be governed by and interpreted in accordance with [Governing Law and Jurisdiction].

IN WITNESS WHEREOF, we, [Name of Issuing Bank], have caused this irrevocable standby letter of credit to be duly signed and sealed in [City and Country] on the date first mentioned above.

For [Name of Issuing Bank]

Name: [Authorized Signatory's Name]

Title: [Position/Title of Authorized Signatory]

Signature: [Authorized Signatory's Signature]

Seal: [Bank's Seal/Stamp]

Please note that this is a simplified template for illustrative purposes only. Each SBLC should be tailored to the specific transaction and may require additional clauses or modifications to comply with applicable laws and regulations. It is essential to seek legal advice when drafting SBLCs for specific situations.

This template provides a basic structure for an SBLC, covering key elements such as the parties involved, the amount guaranteed, the conditions for payment, and the governing rules and regulations. By using a template as a starting point, issuers can ensure that critical information is included while tailoring it to meet the unique requirements of each transaction.

通过使用模板作为起点，发行人可以确保包含关键信息，同时根据每笔交易的唯一要求进行定制。

关键词：履约保证金，担保函，模板，国际贸易，银行担保