Bank Capability Letter (BCL)

BANK CAPABILITY LETTER (BCL)

 

(To be completed on buyer’s bank letterhead

 

 

CONFIRMATION OF FUNDS CERTIFICATE

 

 

Date: ­00.00.20__

 

From (Bank name and full address)

Telex:

SWIFT:

Telephone number:

Fax number:

 

To: (Buyer's name and full address)

 

 

We are informed that our client (Name of the Buyer), account number (optional) would like to

purchase _______MT by 12 moths, _________ MT per  month of  (Name of Products) at US  Dollars ________per MT CIF (Name of the Port), for a amount  of US$ ____________ by 12  times.

 

We understand that payment is to be made by Irrevocable, fully funded, transferable, divisible, confirmed, acceptable documentary Letter of Credit payable at 100% at sight of contract value and confirmed by (name of confirming bank).

 

This is to inform you that the Buyer has the financial capacity to issue such a Letter of Credit, subject to bank formalities, should the Buyer contract for the (Name of product).

 

 

 

Signed and sealed                                              Signed and sealed

 

​

 

Title and typed full name                                   Title and typed full name