Letter of Credit - Authorization and Indemnity

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This Letter of Credit - Authorization and Indemnity authorizes a bank to issue a letter of credit in exchange for indemnification by the beneficiary of that letter. This letter can easily be tailored to meet your unique needs.

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This Letter of Credit - Authorization and Indemnity authorizes a bank to issue a letter of credit for a company. In exchange, the company indemnifies the bank for any payments which the company does not make under this letter of credit. This letter contains the name of the bank, name of the credit beneficiary and the identity of any security held by the bank in exchange for the letter of credit. It is important that this business transaction be clearly set out in writing. A written Letter of Credit with Authorization and Indemnity will prove valuable in the event the beneficiary defaults in their credit obligations or if litigations is filed.

This Letter of Credit - Authorization and Indemnity includes the following:
  • Parties: Names of bank issuing the letter and beneficiary under the letter of credit;
  • Indemnity: Beneficiary indemnifies the bank for the payment of any obligations under this letter of credit;
  • Authorization: Beneficiary authorizes bank to debit its account in an agreed upon amount if account is outstanding;
  • Signature: This authorization and indemnification must be signed and dated by the beneficiary.

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This attorney-prepared packet contains:
  1. General Instructions
  2. Letter of Credit - Authorization and Indemnity
State Law Compliance: This form complies with the laws of all states
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
Number of Pages3
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#28614
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
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