Download We hereby establish our Irrevocable Letter of Credit in your favor for the account of. (applicant name) up to an aggregate amount of ______...
Download We hereby establish our Irrevocable Letter of Credit in your favor for the account of. (applicant name) up to an aggregate amount of ______ available at your request subject to the terms of this Irrevocable Letter of Credit drawn on. ___
Download We hereby establish our Irrevocable Letter of Credit in your favor for the account of. (applicant name) up to an aggregate amount of ______ available at your request subject to the terms of this Irrevocable Letter of Credit drawn on. ___
Download We hereby establish our Irrevocable Letter of Credit in your favor for the account of. (applicant name) up to an aggregate amount of ______ available at your request subject to the terms of this Irrevocable Letter of Credit drawn on. ___
Download We hereby establish our Irrevocable Letter of Credit in your favor for the account of. (applicant name) up to an aggregate amount of ______ available at your request subject to the terms of this Irrevocable Letter of Credit drawn on. ___
Download We hereby establish our Irrevocable Letter of Credit in your favor for the account of. (applicant name) up to an aggregate amount of ______ available at your request subject to the terms of this Irrevocable Letter of Credit drawn on. ___
Download REQUIREMENTS FOR IRREVOCABLE LETTER OF CREDIT. Complete the Irrevocable Letter of Credit and be sure that the areas listed below are filled is as required to avoid making any corrections later. 1. Letter is to be in the same name as th
Download We hereby establish our Irrevocable Letter of Credit in your favor for the account of. (applicant name) up to an aggregate amount of ______ available at your request subject to the terms of this Irrevocable Letter of Credit drawn on. ___
Download We hereby establish our Irrevocable Letter of Credit in your favor for the account of. (applicant name) up to an aggregate amount of ______ available at your request subject to the terms of this Irrevocable Letter of Credit drawn on. ___
Download of demand(s) for payment in the form described above. within three (3) business days (as hereinafter defined) after presentation to. (name/address of bank) issuing bank hereby establishes in your favor this irrevocable letter of credit i
Download We hereby establish our Irrevocable Letter of Credit in your favor for the account of. (applicant name) up to an aggregate amount of ______ available at your request subject to the terms of this Irrevocable Letter of Credit drawn on. ___
Download of demand(s) for payment in the form described above. within three (3) business days (as hereinafter defined) after presentation to. (name/address of bank) issuing bank hereby establishes in your favor this irrevocable letter of credit i
Download This Letter of Credit shall automatically renew for successive one-year terms unless, at least forty-five. (45) days prior to the next annual renewal date (which shall be DECEMBER 31 of each year), the Bank delivers written notice to the
Download This Letter of Credit shall automatically renew for successive one-year terms unless, at least forty-five. (45) days prior to the next annual renewal date (which shall be DECEMBER 31 of each year), the Bank delivers written notice to the
Download This Letter of Credit shall automatically renew for successive one-year terms unless, at least forty-five. (45) days prior to the next annual renewal date (which shall be DECEMBER 31 of each year), the Bank delivers written notice to the
Download Application for Irrevocable Documentary Letter Of Credit. Al Rajhi Bank. Application for Irrevocable Documentary Letter Of Credit. Date: Letter of Credit Number. (for Bank Use). We hereby request you to issue on our behalf your irrevoc
Download RCRA Subtitle C Financial Assurance Instrument Fact Sheet. LETTER OF CREDIT. This document is not a complete representation of RCRA or of EPA's regulations or views and is not intended to replace or supplement the requirements in t
Download Payment under this Irrevocable Standby Letter of Credit shall be available to the Beneficiary on sight against presentation by the Beneficiary to (issuing Bank, name and address) of a written demand for payment, which demand we shall honour
Download RCRA Subtitle C Financial Assurance Instrument Fact Sheet. LETTER OF CREDIT. This document is not a complete representation of RCRA or of EPA's regulations or views and is not intended to replace or supplement the requirements in t
Download Letter of Credit Checklist. If you receive an L/C please pay attention to following points: □ Are L/C amount and currency (and if applicable the tolerance) in conformity with the contract. □ Are expiry place and payment regulations as pe
Download Letter of Credit Checklist. If you receive an L/C please pay attention to following points: □ Are L/C amount and currency (and if applicable the tolerance) in conformity with the contract. □ Are expiry place and payment regulations as pe
Download 1 Apr 2015 ... In the event your beneficiary wishes to draw, cancel, transfer, reduce, or reduce and reinstate your Letter of Credit. Please have them complete the respective forms in the following pages: HLB-112a: Drawing Certificate. H
Download On this date, the _____ day of. , _____, we hereby issue in your favor this Irrevocable Direct-Pay Letter of Credit (hereinafter referred to as “LETTER”), which is available upon presentation to us at the above address by your sight dr
Download On this date, the _____ day of. , _____, we hereby issue in your favor this Irrevocable Direct-Pay Letter of Credit (hereinafter referred to as “LETTER”), which is available upon presentation to us at the above address by your sight dr
Download On this date, the _____ day of. , _____, we hereby issue in your favor this Irrevocable Direct-Pay Letter of Credit (hereinafter referred to as “LETTER”), which is available upon presentation to us at the above address by your sight dr
SOUTH DAKOTA DEPARTMENT OF LABOR AND REGULATION
DIVISION OF LABOR AND MANAGEMENT
123 W. Missouri Ave. Pierre, South Dakota 57501 Tel: 605.773.3681 Fax: 605.773.4211 dlr.sd.gov
IRREVOCABLE LETTER OF CREDIT INSTRUCTIONS
1.
The Irrevocable Letter of Credit is considered to be security for the purpose of paying worker's compensation claims.
2.
The format of the Irrevocable Letter of Credit, prior to execution, cannot be altered without the permission of the Division of Labor and Management.
3.
If the issuing bank is an out of state bank, it may be necessary to have a South Dakota bank listed as a confirming bank.
4.
All Irrevocable Letters of Credit will be deposited with the South Dakota Department of Labor and Regulation, Division of Labor and Management.
Revised 2/2017
Page 1 of 3
SOUTH DAKOTA DEPARTMENT OF LABOR AND REGULATION
DIVISION OF LABOR AND MANAGEMENT
123 W. Missouri Ave. Pierre, South Dakota 57501 Tel: 605.773.3681 Fax: 605.773.4211 dlr.sd.gov
IRREVOCABLE LETTER OF CREDIT APPLICATION Bank/Financial Institution:
Letter of Credit No.
Date: ______/_____/________
Confirming Bank: Applicant Name: Amount: Date and Place of Expiry: ______/_____/________ Beneficiary:
SOUTH DAKOTA DEPARTMENT OF LABOR AND REGULATION 123 W. Missouri Ave., Pierre, SD 57501
We hereby establish our Irrevocable Letter of Credit in your favor for the account of ________________________________(applicant name) up to an aggregate amount of __________ available at your request subject to the terms of this Irrevocable Letter of Credit drawn on _____/____/_____ and accompanied by _________________________________(name of bank). The notarized signed Order by the Director of the Division of Labor and Management stating that the purpose of any amounts drawn hereunder is for the purposes of securing payment of compensation, costs and assessments incurred by _____________________________ (self-Insured employer) under the provisions of the South Dakota Workers' Compensation Law. 1. Each Order by the Director of the Division of Labor and Management presented under this Irrevocable Letter of Credit must state the amount, and that it is drawn upon Irrevocable Letter of Credit Number
of the
(name of bank) issued on _____/____/_____ with an expiration date of _____/____/_____. The amount and date of each draft shall be endorsed on this Irrevocable Letter of Credit. Partial drawings are permitted. Revised 2/2017
Page 2 of 3
2. When the bank receives a notarized signed Order by the Director of the Division of Labor and Management under this Irrevocable Letter of Credit specifying the amount to be drawn, the above named bank will deposit these amounts into a trust fund to be established by the bank where this Irrevocable Letter of Credit is issued. 3. This Irrevocable Letter of Credit is considered by us as automatically extended for a period of one (1) year each from the then relevant expiry date, unless at least sixty (60) days prior to the relevant expiry date we notify you by registered mail that we elect not to extend this Irrevocable Letter of Credit for any additional period. 4. We hereby agree with the Division of Labor and Management that the amounts requested under this Irrevocable Letter of Credit will be honored when such request is made in compliance with the terms set out in this Irrevocable Letter of Credit. 5. This credit is subject to the Uniform Customs and Practice for Documentary Credits (1983 Revision), International Chamber of Commerce Publication 400, (1983 Revised) or any subsequent revision.
