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FORM OF STANDBY LETTER OF CREDIT
TO:CHINA CITIC BANK BRANCH
FROM:CITIC KA WAH BANK LIMITED,HONG KONG
We,CITIC KA WAH Bank LIMITED,hong kong,hereby issue our irrevocable
standby letter of credit No.in your favor for account
of (“the borrower”) with registered office at
for the maximum amount of usd
(say united states dollars only)
covering the principal sum with accrued interest,accrued default
interest and other banking charges which the borrower owes to you as its
indebtedness pursuant to the loan agreement between the borrower and you.
Tpon rcceipt of your authenticated swift or tested telex or written
Statcmcnt stating that the amount represents and covers the unpaid balance
Of the indebtedness due and payable to you by the borrower,we will within
Five banking days following the day of receipt of your authenticated swift
Or tested telex or written statement pay TO YOU the principal sum with
Accrued interest,accrued default interest and other banking charges up
To the above mentioned amount of usd
We hereby undertake to you that we will effect payment after receipt of
The above mentioned authenticated swift or tested telex or written
Stalement in conformity with the terms of this standby letter of credit.
This standby letter of credit takes effect from DATE OF ISSUANCE and
on at the counter of the opening bank
ALL REQUEST FOR PAYMENT hereunder must be submitted to us not later than
The above mentioned expiry date.OTHERWISE,After that date this standby
Letter of credit automatically becomes null and void.
The exchange rate applicable under this standby letter of credit should
Be the official united states Dollars buying rate quoted by CHINA CITIC
Bank on the date of your PAYMENT REQUEST made pursuant to this standby
Letter of credit regardless of whether the amount due from the borrower
And payable to you was due and payabie at its repayment date,its maturity
Dale,upon acceleration of repayment of loan or otherwise
This standby letter of credit is subject to the Uniform Customs and
Practice for Documentary Credits,2007 Revision,International Chamber
Of commerce publication no.600.
FORM OF STANDBY LETTER OF CREDIT
TO:CHINA CITIC BANK BRANCH
FROM:CITIC KA WAH BANK LIMITED,HONG KONG
We,CITIC KA WAH Bank LIMITED,hong kong,hereby issue our irrevocable
standby letter of credit No.in your favor for account
of (“the borrower”) with registered office at
for the maximum amount of usd
(say united states dollars only)
covering the principal sum with accrued interest,accrued default
interest and other banking charges which the borrower owes to you as its
indebtedness pursuant to the loan agreement between the borrower and you.
Tpon rcceipt of your authenticated swift or tested telex or written
Statcmcnt stating that the amount represents and covers the unpaid balance
Of the indebtedness due and payable to you by the borrower,we will within
Five banking days following the day of receipt of your authenticated swift
Or tested telex or written statement pay TO YOU the principal sum with
Accrued interest,accrued default interest and other banking charges up
To the above mentioned amount of usd
We hereby undertake to you that we will effect payment after receipt of
The above mentioned authenticated swift or tested telex or written
Stalement in conformity with the terms of this standby letter of credit.
This standby letter of credit takes effect from DATE OF ISSUANCE and
on at the counter of the opening bank
ALL REQUEST FOR PAYMENT hereunder must be submitted to us not later than
The above mentioned expiry date.OTHERWISE,After that date this standby
Letter of credit automatically becomes null and void.
The exchange rate applicable under this standby letter of credit should
Be the official united states Dollars buying rate quoted by CHINA CITIC
Bank on the date of your PAYMENT REQUEST made pursuant to this standby
Letter of credit regardless of whether the amount due from the borrower
And payable to you was due and payabie at its repayment date,its maturity
Dale,upon acceleration of repayment of loan or otherwise
This standby letter of credit is subject to the Uniform Customs and
Practice for Documentary Credits,2007 Revision,International Chamber
Of commerce publication no.600.
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