Transferable Letter of Credit
JP Morgan Bank
21 Yankee Doodle Street
Dated: 15th of December 2011
Subject: Letter for transferring the credit amount
This letter is to inform you that I would like to transfer a certain amount of the credit being offered by your organization to Hot Deal Manufacturers.
I would like to make Hot Deal Manufacturers the second beneficiary for the credit approved to us for making purchase from the seller. It will be a partial transfer of credit. Hot Deal Manufacturers will also have access to the rights and obligations to the credit facility like our organization. They will also be responsible for returning the credit amount to your bank with the interest rate.
I would be highly grateful if you could approve the transfer of credit and process it. It will be beneficial for our organization.
MD, Gas Garments Ltd.