Dear :

This is to inform you that we have opened irrevocable credit in your favor for $ a month with [bank], valid until [date].

According to the terms of the credit, you are authorized to draw at days on [bank] for the amount of your invoices after each shipment of [goods]. Before accepting the draft, the bank will require you to produce the following documents:

We look forward to receiving your first consignment by [date].

Please contact us if you have any question regarding this arrangement.

Sincerely yours,

[name]

[title]