Rules of formulation for Bank Comfort Letter (BCL)
Once again, all normal buyers are familiar with the rules for such document formulation such as BCL, but below we are giving examples of BCL formulation. The content of BCL can differ from the example below.
(ON BANK LETTERHEAD)
(Address)
Attention: Mr. ____________ , Chairman of the Board
Date:______________
BANK COMFORT LETTER
Re: __________________ (Buyer's Company name) ICPO Reg. # ______________
Up to X.X00.000 MT per month Russian Export Blend Crude Oil REBCO Contract
On behalf of, _________________ (Full Name of the Bank), this letter to confirms that ________________________ (Full Name of the Buyer) registered under corporate laws of __________ is prepared and has capable to facilitating the purchase of up to X.X00.000 metric ton of Russian Export Blend Crude Oil "REBCO" per month for the term of 12 month according to client's ICPO ___________ dated ___________.
We have been duly informed by our client ______________ Inc., regarding their contract with for the supply of crude oil "REBCO". Our client ______________ Inc., has a solid relationship with (Full Name of the Bank). Upon the proper verification of documents, we will oversee all banking transactions on behalf of _______________ Inc., which includes all Documentary Letter of Credit (DL/C).
If you wish to receive a verification of this BCL, you may use our International Wire Fax number: __________________
At (Full Name of the Bank), we take great pride in helping our Premier Business Clients to achieve their goals.
| Regards SIGN and SEAL Managing director Mr:____________________ | Regards SIGN and SEAL Notary public Mr:____________________ | Regards SIGN and SEAL Bank officer Mr:____________________ |
Blank of BCL
