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It specifies beneficiary and applicant/developer details, expiry timing, plat/site plan identification, and conditions for drawings, including a signed default statement from the Finance Director. The letter outlines draw and negotiation deadlines, documents required with sight drafts, renewal and termination notice requirements, credit terms, and governing rules including the Uniform Customs and Practice for Documentary Credits (1993 revision), plus Florida law precedence.",{"@graph":63,"@context":118},[64,80,101],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":41,"@type":70,"position":76},"https://docshare.wps.com/template/letters/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/irrevocable-letter-of-credit-sample/277703/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/irrevocable-letter-of-credit-sample/277703.png","ImageObject",442,249,{"name":88,"@type":89},"\tCallum ","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-10-30","2026-09-15",true,{"@type":98,"interactionType":99,"userInteractionCount":20},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104,110,114],{"name":105,"@type":106,"acceptedAnswer":107},"Who are the beneficiary and applicant in the sample irrevocable letter of credit?","Question",{"text":108,"@type":109},"The beneficiary is the Town of Davie. The applicant is listed as (Developer), with the letter referencing the developer/applicant/customer for authorization and account details.","Answer",{"name":111,"@type":106,"acceptedAnswer":112},"What must accompany drafts drawn under the letter of credit?",{"text":113,"@type":109},"Drafts at sight must be accompanied by a signed statement from the Finance Director to the Town of Davie confirming the drawing is due to default in performance or failure to pay sums under the referenced agreement.",{"name":115,"@type":106,"acceptedAnswer":116},"How does renewal and termination of the credit work?",{"text":117,"@type":109},"The letter of credit is renewed for successive one-year periods unless the issuing bank provides written notice of intent to terminate at least thirty days before the current term’s expiration. Notice is addressed to the Town of Davie, Attn: Finance Director.","https://schema.org",{"og:url":78,"og:type":120,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":122,"canonical":78},"index,follow",{"doc_id":124,"site_id":56},277703,1790207337,{"code":4,"msg":5,"data":127},{"doc_id":124,"user_id":128,"nickname":88,"user_avatar":129,"doc_module":9,"category_id":40,"category_name":41,"doc_title":59,"doc_description":61,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":20,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":73,"language":135,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":136,"faqs":137,"seo_title":138,"seo_description":61,"update_tm":139,"read_time":9},137451211410,"https://ap-avatar.wpscdn.com/avatar/2000bb0a9246f588df?x-image-process=image/resize,m_fixed,w_180,h_180&k=1786362646172706240","TOWN OF DAVIE  \nDEVELOPMENT SERVICES DEPARTMENT ENGINEER DIVISION IRREVOCABLE LETTER OF CREDIT (Sample)  \nBeneficiary:  \nTown of Davie  \n6591 Orange Drive Davie, Florida 33314-3399  \nDate of Issue:   Issuing Bank’s No:    \nApplicant:  \n(Developer)  \nAmount:   in  \nUnited States Funds  \nExpiry:    \n(Date)  \nPlat/Site Plan Name and Number  \nWe hereby authorize you to draw on    \n(Bank, Issuer Name and Branch Address)  \n  by order of  \n  and for the account of (Developer, Applicant, Customer)  \n   up to an aggregate (Developer, Applicant, Customer)  \namount, in United States Funds, of   Available by your drafts at sight, accompanied by:  \n(1) A signed statement from the Finance Director to the Town of Davie that the drawing is due to default in performance of certain obligations or failure to pay sums, on the part of   agreed upon  \n(Developer, Applicant, Customer)  \nby and between the Town of Davie and    \n(Developer, Applicant, Customer)  \nin the   Agreement for (Name of Agreement or Development Review/Report, Attach Copies)  \nthe   Plat/Site Plan,  \n(Name of Plat/Site Plan)  \nPlat/Site Plan Number   , approved by the Town of Davie on  \n  , for    \n(Town Council Approved Date)  \n(Type of Improvement, Attach Copy of Approved Engineer’s Cost Estimates)  \nEng/Forms/LOC Format Sample  \nRevised: 5/00 5/05 1 of 2  \nIrrevocable Letter Of Credit (Sample)  \nDrafts must be drawn and negotiated not later than   Drafts must bear the clause “Drawn under Letter of Credit No    \nOf   , dated  (Name of Bank)  \nThis Letter of Credit shall be renewed for successive periods of one (1) year each unless we provide the Town of Davie with written notice of our intent to terminate the credit herein extended, which notice must be provided at least thirty (30) days prior to the expiration date of the original term hereof or any renewed one (1) year term. Notice to the Town shall be made to the following:  \nTown of Davie  \nAttn: Finance Director  \n6591 Orange Drive  \nDavie, Florida 33314-3399  \nNotice to the Town of Davie that this Letter of Credit will expire prior to performance of the DEVELOPER’S obligations shall be deemed a default.  \nThis Letter of Credit sets forth in full the terms of our undertaking and shall not in any way be modified, amended, or amplified by reference to any documents, instrument, or agreement referred to herein or in which this Letter of Credit is referred to or this Letter of Credit relates, and any such reference shall not be deemed to incorporate herein by reference any document, instrument, or agreement.  \nWe hereby agree with the drawers, endorsers, and bonafide holders of all drafts drawn under and in compliance with the terms of this credit, that such drafts will be duly honored upon presentation to the drawee.  \nThe installation of improvements or payment of all monies by the    \n  and acceptance by the Town of Davie of (Developer, Applicant, Customer)  \nall improvements required or monies due required by the    \n Agreement for the (Name of Agreement or development Review Report)  \n  Plat/Site Plan shall be a release of all obligations under this letter of credit.  \nThis Credit is subject to the “Uniform Customs and Practice for Documentary Credits”(1993 revision), International Chamber of Commerce Publication No.  \n500 and to the provisions of Florida law. If a conflict between the law of another state or country and Florida law should arise, Florida law shall prevail.  \nAuthorized Signature  \n(Printed Name)  \nEng/Forms/LOC Format Sample  \nRevised: 5/00 5/05 2 of 2","cbCaip0bkj9hsz8a","https://ap.wps.com/l/cbCaip0bkj9hsz8a","pdf",16203,"English","# Irrevocable Letter of Credit (Sample)\n## Beneficiary, Applicant, and Amount Terms\n## Drawing Conditions, Required Documents, and Renewal/Termination","[{\"question\":\"Who are the beneficiary and applicant in the sample irrevocable letter of credit?\",\"answer\":\"The beneficiary is the Town of Davie. The applicant is listed as (Developer), with the letter referencing the developer/applicant/customer for authorization and account details.\"},{\"question\":\"What must accompany drafts drawn under the letter of credit?\",\"answer\":\"Drafts at sight must be accompanied by a signed statement from the Finance Director to the Town of Davie confirming the drawing is due to default in performance or failure to pay sums under the referenced agreement.\"},{\"question\":\"How does renewal and termination of the credit work?\",\"answer\":\"The letter of credit is renewed for successive one-year periods unless the issuing bank provides written notice of intent to terminate at least thirty days before the current term’s expiration. Notice is addressed to the Town of Davie, Attn: Finance Director.\"}]","Irrevocable Letter of Credit - Sample | PDF",1789503174]