Addressed to the Opening Bank and the Advising Bank

Date

Notification of Assignment

Re: Letter of Credit No dated issued by for a total amount of

Applicant : ……………….

Beneficiary : ………………

Due Date ………………………….

_____________________________________________________________________________

Please note that we have irrevocably and unconditionally assigned to:

Intesa Soditic Trade Finance Limited

Wellington House

125 The Strand

London

WC2R 0AP

all proceeds in respect of the above mentioned Letter of Credit.

Therefore, please confirm directly to the above mentioned Company that:-

You have taken notice of and agree with our irrevocable and unconditional assignment

 

payment on the respective maturity dates will be effected directly to them or any future bona-fide assignee in accordance with their instructions that you will receive from them in due course, for the full face value, free of any deductions whatsoever

 

For and on behalf of

……………. (Company name and signature)