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Bank Confirmation Letter: On Buyer's Bank Letterhead

1. The buyer maintains an account in good standing with Buyer's Bank. 2. Buyer's Bank confirms that the buyer is ready, willing, and financially able to purchase the specified amount of gasoil at the listed price per metric ton. 3. Buyer's Bank confirms their ability to issue payment and bank guarantees on behalf of the buyer to support the contract upon signing and receipt of commercial invoices.

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Toni Madara
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1K views2 pages

Bank Confirmation Letter: On Buyer's Bank Letterhead

1. The buyer maintains an account in good standing with Buyer's Bank. 2. Buyer's Bank confirms that the buyer is ready, willing, and financially able to purchase the specified amount of gasoil at the listed price per metric ton. 3. Buyer's Bank confirms their ability to issue payment and bank guarantees on behalf of the buyer to support the contract upon signing and receipt of commercial invoices.

Uploaded by

Toni Madara
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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On Buyers Bank Letterhead

Bank Confirmation Letter

Date:

To:

Dear Sirs,

1. This will confirm that (name of end buyer) is a client of our bank,
and maintains a banking account number ( ) and
remains in good standing with (Buyers Bank)
2. At (End Buyer) instructions we (Buyers Bank) with full authority and
mandate hereby confirm that the said client is ready, willing, and
financially able to purchase xxxxxxxxxxxxxx .. of Gasoil for a
price of xxxxxxxxxxxxxx per .. for first lift and to support the
following contract.
3. We (Buyers Bank) confirm our ability to issue in due course and
after signing the contract and the Commercial Invoice, the required
payment and the selected bank guarantee instrument for the
contract, on behalf of our client and for the benefit of the seller, with
full assurance of the full amount due on the same day that the dip
test result is sent to us.
4. We certify that our client named above has sufficient funds and/or
credit facilities with our bank to complete the proposed transaction
within the time period outlined in the referenced Commercial Invoice
and for the duration of the contract.
5. Our client hereby gives full authority to sellers to procure usual and
customary banker references from our appointed bank officer.
6. The following bank instruments conform to the banks regulations
and the client has selected: Block Fund covered by TT (Progress) via
MT103.

Name of bank officer:


Title of bank officer:
Telephone:
Fax:
Email:
Bank Swift Code:

Signature and Seal of Authorized Bank Officer:

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