BCL – Bank Comfort Letter
Bank comfort letter is prepared by the buyer’s bank. It is among the ways to determine the buyer’s ability to pay. It should be addressed in respect to the ICPO. BCL addressed to another seller will not be accepted. Do not even dare to use fake BCL prepared by fraudsters. Its authenticity will be determined after it has been verified. Do not waste your time as well as damage your reputation by doing such. You can see a sample of BCL below, but the content of the BCL can be different from the sample below.
(ON BANK LETTERHEAD)
(Seller’s company)
(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 |
Regards
SIGN and SEAL Notary public |
Regards
SIGN and SEAL Bank officer |