<如有需要，请提供标题使用英文翻译并重新回复该提示> I. Introduction A letter of credit is a financial instrument used to provide security for transactions, particularly in international trade. One specific type of letter of credit is called a standby letter of credit, which serves as a guarantee of payment to the beneficiary if certain conditions aren't met by the buyer. This article presents a sample format of a standby letter of credit, also known as a prepayment guarantee. II. Standby Letter of Credit Sample [date] [Beneficiary Name] [Address] [City, State, Zip Code] [Country] [Dear Sir/Madam], Re: Prepayment Guarantee – [Transaction Details] In consideration of [Buyer's Company] (the "Buyer") requesting [Seller's Company] (the "Seller") to accept a prepayment for [Product/Service], we hereby issue this standby letter of credit as follows: 1. Beneficiary: [Beneficiary Name] 2. Applicant: [Buyer's Company] 3. Issuing Bank: [Issuing Bank Name] 4. Account Number: [Account Number] 5. Letter of Credit Number: [LC Number] 6. Expiry Date: [Expiry Date] We hereby undertake to pay up to [Amount] ([Currency]) to the Beneficiary upon receipt of a written demand. This demand must contain the following documents: - Written statement confirming that the Buyer has failed to fulfill their obligation under the agreement between the parties regarding the [Product/Service]. - Document outlining the specific reasons for the Buyer's failure to fulfill the obligation. - Confirmation that the Beneficiary has given reasonable notice to the Buyer before making this demand. - Copy of the Agreement between the Buyer and Seller. This standby letter of credit is irrevocable and shall be governed by the International Chamber of Commerce's Uniform Customs and Practice for Documentary Credits (UCP) latest edition. The payment shall be made immediately following the receipt by the Issuing Bank of the required documents and within [number] days of receiving the demand from the Beneficiary. This standby letter of credit is transferable and may be assigned to any third party at the Beneficiary's discretion. Any such assignment should be notified in writing to the Applicant and the Issuing Bank. Please acknowledge your acceptance of the terms outlined in this letter by signing on the space provided below and returning a copy of this letter to us. Thank you for your attention to this matter. Yours faithfully, [Issuing Bank Name] [Authorized Signatory] III. Conclusion A prepayment guarantee, in the form of a standby letter of credit, provides protection to the beneficiary if the buyer fails to fulfill their obligation. The sample format presented above can be used as a reference to draft a prepayment guarantee according to specific transaction details. It is important to consult with legal professionals to ensure compliance with applicable laws and regulations.
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