Apply for credit

About this business activity

The person may need credit for a large purchase, to consolidate other debts, or to cover an unexpected expense.

Letter of Credit (Application To Bank)

This is an application for an irrevocable documentary credit, also called an irrevocable letter of credit, from a bank.

What to watch out for

  • The name and address of the applicant
  • The name and address of the beneficiary
  • The amount of the credit
  • The currency of the credit
  • The expiration date of the credit
  • The terms and conditions of the credit
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    Relevant Contract Types

    ✏️ Irrevocable documentary credit application form

    A documentary credit application form is used to establish an irrevocable documentary credit, which is a type of financial guarantee typically used in international trade. The form sets out the terms of the credit, including the amount of the credit, the expiration date, and the countries involved. The credit is typically issued by a bank and is guaranteed by the issuer.

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