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Bank Comfort Letter BCL Sample

This bank comfort letter confirms that a mutual client of the buyer and seller banks maintains an account in good standing. The client is ready, willing, and financially able to purchase a specified quantity of cement at a given price and contract period. The buyer's bank agrees to issue a letter of credit for the full contract amount after the sales contract is signed. The bank also certifies that the client has sufficient funds to complete the transaction within the specified time frame and provides bank officer contact information for reference verification.

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Le Bon Berger Trading Congo
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1K views

Bank Comfort Letter BCL Sample

This bank comfort letter confirms that a mutual client of the buyer and seller banks maintains an account in good standing. The client is ready, willing, and financially able to purchase a specified quantity of cement at a given price and contract period. The buyer's bank agrees to issue a letter of credit for the full contract amount after the sales contract is signed. The bank also certifies that the client has sufficient funds to complete the transaction within the specified time frame and provides bank officer contact information for reference verification.

Uploaded by

Le Bon Berger Trading Congo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Sample Bank Comfort Letter (BCL)

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Sample Bank Comfort Letter (BCL)


(On Buyer's Bank Letter Head)
(Including all details such as Address, Telephone,
Facsimile, E-Mail, etc.)

Bank Comfort Letter (BCL)

Date: (Day, Month, Year)


To:

Dear

This is to confirm that our mutual clients (namely) maintain a banking account with us and is in good
standing with our bank.

At their instructions we, (full name of the bank), with full authority and mandate hereby confirm that the
said client is ready, willing and financially able to initiate the process of purchasing of (requested product
quantity) metric tons of Ordinary Portland Cement for the price of USD (price per metric ton) during the
next (duration of contract) month(s) / year(s) and for the total value of USD (total contract value) subject
to the seller, completing the Sales and Purchase Contract.

We, (buyer's bank), confirm our ability to issue in due course and after the signing of the Purchase
Contract, required (type of Letter of Credit) Letter of Credit on behalf of our client and for the benefit of
the seller, with full assurance for the full amount of the contract.

We certify that our client named above has sufficient funds and / or have credit facilities with our bank to
complete the proposed transaction within the time period outlined in the above referenced contract.

Our client hereby gives authority to the seller to procure usual banker's references from our bank officer
(full name of bank officer), whose direct phone number is ....................................................

Yours sincerely

Signed by a senior level bank officer: .............................................................................................


Full name of the signatory: ..............................................................................................................
Designation of the signatory: ...........................................................................................................
Clients' Name as written in account: ................................................................................................
Account No / IBAN: ...........................................................................................................................
Bank Telephone No: ........................................................................................................................
Bank's Fax No: .................................................................................................................................
Bank SWIFT / Sort Code: .................................................................................................................
Bank stamp / seal: .........................................................................................................................

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