Commercial Letter of Credit Reimbursement Agreement | Practical Law

Commercial Letter of Credit Reimbursement Agreement | Practical Law

A commercial letter of credit reimbursement agreement under which a bank agrees to issue commercial letters of credit on behalf of its customer, and the customer agrees to reimburse the bank as it makes payments to the customer's supplier. This Standard Document assumes that the letter of credit is being used in an international sale transaction between an exporter and an importer. It has integrated notes with important explanations and drafting tips.

Commercial Letter of Credit Reimbursement Agreement

Practical Law Standard Document w-020-0250 (Approx. 24 pages)

Commercial Letter of Credit Reimbursement Agreement

by Practical Law Finance
MaintainedUSA (National/Federal)
A commercial letter of credit reimbursement agreement under which a bank agrees to issue commercial letters of credit on behalf of its customer, and the customer agrees to reimburse the bank as it makes payments to the customer's supplier. This Standard Document assumes that the letter of credit is being used in an international sale transaction between an exporter and an importer. It has integrated notes with important explanations and drafting tips.