Revolving Letter of Credit
Head of Sales Department
Iron Scrap Suppliers
23 Hilly Billy Road
Dated: 12th of November 2011
Subject: To approve revolving line of credit
This letter is in regards to the business transaction between your organization and ours. This to inform you that we would like to request you to make the delivery of goods in multiple shipments instead of one so that the credit is revolving.
Our organization Steel Limited buys iron scraps from your organization in bulk once every year. We would like to purchase the iron scraps in parts as we may not be able to make the complete payment at one go. It will be convenient for us if there is a revolving line of credit.
I believe you will consider the long and healthy business relationship that we have since last ten years and approve our above request.