Letter of Credit-Utilisation Request

Description

Utilisation Request for Standby Letter of Credit to be issued by an Issuer for a Beneficiary on request by an Applicant. This utilisation request is made on behalf of the Seller against the Purchaser asking him/her to ask for a Standby Letter of Credit from the Issuing Bank. It works as a guarantee to ensure that payment for a deal is made.

This agreement has 2 pages