Bank Comfort Letter (BCL)

Note : (BCL TO BE ISSUED BY THE BANK IN THEIR CORPORATE LETTER HEAD WHICH HAS BANK TEL AND FAX AND E-MAIL, ADDRESS CTC ON THE SAME. BCL NECESSARILY BE A CURRENT DATED or MAXIMUM OF 10 DAYS OLD WHEN PRESENTING TO SELLER)

TO:

Dear Sirs,

This is to confirm that our mutual clients (namely)…………………………… maintain a banking account with us.

At their instructions we, …………………………………………………………(full name of the Bank) with full authority and mandate hereby confirm that the said clients are willing and financially able to initiate the process of purchasing of …………… tonnes of ………………… (Product Name) during the next ………/months/years. We understand the total value of Shipments under Letter of Credit Credit, Auto Revolving, Transferable, Irrevocable, Confirmed, on FOB/CFR/CIF basis is in the region of Amount US $.

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

Our client hereby give authority to the Sellers to procure usual banker's references.

Yours truly

………………………………………………………………
Corporate Seal

Signature

Full name of the signatory …………………………………………………………………,
Position of the signatory ………………………………………………………………
Clients' Name as written in account …………………………………………………
Account # …………………………,
Bank Telephone (if not printed above) …………………………………………,
Bank's fax …………………………………
Bank Swift/Sort-Code