Exhibit_D_Sample_Letter of Credit.pdf
PDF 153 KB Posted
- Solicitation number
- SP0605-25-R-1000
- Issued by
-
Defense Logistics Agency Energy
About this file
This document is a sample Irrevocable Standby Letter of Credit template for a federal contract with the Defense Logistics Agency Energy. The document provides a standard bank letter format for establishing a letter of credit in favor of the Defense Energy Support Center, which can be used to secure financial obligations under a contract. The template allows for two specific certification scenarios: (1) when a contractor has not paid for delivered product, or (2) when a contractor has failed to take delivery of product.
The letter of credit is associated with solicitation SP0605-25-R-1000, which involves the sale of approximately 25,000 barrels (1,050,000 gallons) of Fuel Oil Reclaimed (FOR) to be picked up by barge at DFSP Craney Island in Portsmouth, VA. The required pickup date is 20 June 2025, with bid offers due by 3:00 PM EST on 06 June 2025. Interested parties are instructed to submit bids to John Gable via email, including company name, CAGE code, and a signed Exhibit A document.
View the file
Other files
Show all 14
On GovTribe
Work with this file
- Download the original file
- Contacts named in this file
- Similar government files
- Ask GovTribe AI about this file
Text version
SAMPLE – IRREVOCABLE STANDBY LETTER OF CREDIT
SP0605-25-R-1000 EXHIBIT D
(NOTE: FORM MY VARY, SUBSTANCE MAY NOT)
BANK LETTERHEAD
IRREVOCABLE STANDBY LETTER OF CREDIT
TO: ATTN: GROUND FUELS DIVISION I, DIRECT DELIVERY FUELS, CONTRACTING OFFICER
Defense Logistics Agency Energy-PEC
8725 JOHN J. KINGMAN RD STE 4950
FORT BELVOIR VA 22060-6220
EFFECTIVE DATE: _____________________________________
AMOUNT OF LETTER OF CREDIT: $_______________________
CONTRACTOR: ________________________________________
CONTRACT NUMBER: SP0605-_________________
LETTER OF CREDIT NUMBER: _________________
To Whom It May Concern:
We hereby establish our “Irrevocable Standby Letter of Credit” in your favor, available by your draft/s at sight, drawn on (Name of Bank issuing this Standby letter of Credit) accompanied by a manually signed statement that the signer is “an authorized representative of the Defense Energy Support Center”, and one or both of the following statements:
a. “I hereby certify that the United States Government has delivered product under the terms of Contract Number SP0605-______________ and that (Contractor) has not paid under the terms of that contract, and as a result owes the Government $_______________.”
b. “I hereby certify that (Contractor) has failed to take delivery of product under the terms of Contract Number SP0600-__________, and as a result owes the Government $__________.”
Drafts must be presented for negotiations on or before the expiration date of this Letter of Credit, (Expiration Date), at our bank.
The Government may make multiple drafts against this Letter of Credit.
This Letter of Credit is subject to the Uniform Customs and Practice of Documentary Credits (July 2007 revision, International Chamber of Commerce Publication No.600) and except as may be inconsistent therewith, to the Uniform Commercial Code in effect on the date of issuance of this Letter of Credit in the state in which the issuer’s head office within the United States is located.
We hereby agree with the drawers, endorsers and bona fide holders that all drafts drawn under and in compliance with the terms of this Letter of Credit will be duly honored upon presentation and delivery of the above documents for negotiation at our bank on or before the expiration date.
Very truly yours, (Authorized Signature)
(Typed Name and Title)
BANK LETTERHEAD
File details come from the government source that posted it. Updated .