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BCL - Bank Confirmation Letter

BCL - Bank Comfort Letter
Also known as a Bank Capability Letter, or Bank Confirmation Letter, this is a letter from the Buyer's bank confirming his ability to meet a certain level payment requirements. This letter states that the Buyer has sufficient funds to cover the cost of the order. It should however be understood that this does not imply any guarantee of payment.

BCL from Buyers' bank

Bank Name:_ Bank Address:_

Bank Confirmation Letter (BCL) Dated __ / __ / 20__

Dear Sirs,

This is to confirm our mutual client _ (company name) maintain a banking account with us.

At their instructions we, _ (bank name) with full authority and mandate hereby confirm that the said client are willing and financially able to initiate this process of goods of 000.000 metric tons (Litre, Cans, Bags etc.). We understand payment is to by (please use correct one)
- Telegraphic Transfer (T/T),
- Cash Against Documents (CAD),
- Bank Guaranty (BG)
- Irrevocable, Revolving, Confirmed Letter of Credit (IRC LC),
- documentary Letter of Credit at sight (LC)

on CIF (CFR, FOB, DDU etc.,)  for _ (named port and country) on the basis usd _.00 per mt.

We certify that our clients named above have sufficient - funds and/or credit line with our bank to complete the prepared
transaction within the time period shoven above.

Our client hereby give authority to the seller to procure usual bankers references.

Yours Truly

Buyer Bank Coordinates:
Company Account: _
Account Number: _
Bank Telephone: _
Bank Fax: _
Bank Email: _
Bank S.W.I.F.T.: _
Bank Officer: _
Bank Officer Position: _
Iban: _
Aba: _
Bank Officer And Position Signed: _ Bank Seal

Corresponding Or Confirming Bank:
Name Of Bank: _
Address: _
City/Country: _
Swift: _
Bank Account: _

BCL from Seller' bank 

Dear Sirs,

This is to confirm our mutual client __ registration Certificate No __ dated __/__/__, Owner and Director __ maintain a banking account No __ (USD) with us.

At their instructions we, __ (bank name) with full authority and mandate hereby confirm that the said client are willing and financially able to initiate this process of goods of __ in quantity __ per month with CIF price __ USD __ CIF __ with total value __.

We understand payment is to by Telegraphic Transfer (T/T) on CIF __ basis.

We certify that our clients named above have sufficient funds and/or credit line with our bank to complete the prepared transaction within the time period showed above.

We guaranty that payment, which will be done by you as Buyer to account of our client as Shipper as per contracts and invoices, which to be present to us before transaction, will be used only for fulfillment of contracts (payments to factory, forwarder, carriers, consulting and etc. companies which involved in execution of contracts).

Our client hereby give authority to the Buyer to procure usual bankers references.

Yours Truly

 
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