Assignment of Letter of Credit



Letter No. [number] [date of issue]

From: [name and address of Beneficiary]

To: [name and address of Bank]

We, the undersigned, irrevocably assign and transfer all of our rights under this Credit to: [name and address of Assignee].

This Assignee has the sole rights as Beneficiary under this Letter of Credit.

Assignee is to be notified of this Transfer by you in any manner you deem proper.

We are responsible for the transfer commission of _______ dollars ($_______), which is enclosed.

This Transfer becomes effective when you forward this enclosed Letter of Credit to Assignee, or otherwise notify him of the Transfer.

Sincerely,

[Beneficiary]

By: [signature]

[title of authorized officer]

Signature Authenticated

[Bank]

By: [signature]

[title of authorized officer]