Notice of Default on Note and Demand for Payment

Prepare an Irrevocable Letter of Credit with this easy-to-use template form.

• The Letter of Credit cannot be revoked before its expiry date.
• The Letter of Credit will be honored by the issuing bank upon written demand for payment by the beneficiary.
• The beneficiary must confirm in writing that the monies being drawn down will be used to meet the customer's obligations to the beneficiary.
• The Letter of Credit template contains optional provisions depending on whether or not the letter can be transferred to a successor of the beneficiary.
• The Letter of Credit is issued subject to UCP 600, 2007 Revision.