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    SBLC STD Form (Rev. 19 May 2020) - 3rd Party Applicant

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    bimker7

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    SBLC STD Form (Rev. 19 May 2020) - 3rd Party Applicant

    Uploaded by

    bimker7
    11 views1 page

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    SBLC Std Form (Rev. 19 May 2020) - 3rd Party Applicant

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    11 views1 page

    SBLC STD Form (Rev. 19 May 2020) - 3rd Party Applicant

    Uploaded by

    bimker7

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    STANDBY LETTER OF CREDIT: UOB KAY HIAN CREDIT PTE. LTD.

    AS BENEFICIARY

    TO: _________________ Date: ____________

    1. By order of and for the account of ___________________________ ("the Applicant"), and in


    consideration of you having granted and/or agreeing at our request to grant and/or continue to
    grant to ___________ (“the Borrower”) from time to time credit facilities and/or any other
    financing whatsoever ("the Facilities") in such manner and to such an extent and for so long as
    you may deem fit, we hereby establish our irrevocable and transferable Standby Letter of Credit
    No:__________ in favour of yourselves, your assigns and your successors-in-law for an amount
    of ________________( ) ("the Principal Sum”) and interest on the Principal Sum or any
    part thereof and other usual banking charges as may be certified by you in a demand made by
    authenticated teletransmission, which certificate shall be final and conclusive.

    2. This Letter of Credit expires at 12:00 P.M. on [date] in Singapore (‘the Expiry Date”).

    3. We hereby agree that amounts payable hereunder which are not paid by the close of business on
    the date of your demand or such other date for payment as you may stipulate shall bear interest
    for the period beginning on such date and ending on the date of its receipt by yourselves. Such
    interest shall be calculated from time to time at the rate per annum equal to the sum of 2.0% and
    the rate certified by yourselves as being applicable for that overdue sum for such period(s) as you
    may from time to time select, and will be payable on demand. All interest payable which is not
    paid when due shall be added to the overdue sum and itself bear interest accordingly.

    4. We hereby undertake that immediately upon receipt on or before the Expiry Date of your demand
    by authenticated teletransmission as aforesaid certifying that the sum or sums demanded are
    required by you in respect of the Borrower's liabilities to you which certificate shall be final and
    conclusive, we will pay to you in immediately payable funds such amount(s) as demanded and
    certified by you, and in the manner instructed by you.

    5. This SWIFT is the operative instrument and no mail confirmation will follow. This Letter of Credit
    is subject to the Uniform Customs and Practice for Documentary Credits, 2007 Revision,
    International Chamber of Commerce Publication No. 600 and shall be governed by and
    construed in accordance with the laws of Singapore. In the event of any inconsistency, the laws
    of Singapore shall prevail. We hereby irrevocably submit to the non-exclusive jurisdiction of the
    courts of Singapore.

    Dated this ___________ day of ____________.

    Yours faithfully,
    (Name of Guarantor Corporation)

    _____________________
    Authorised Signature(s)

    Address : _______________________________________

    _______________________________________

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