form of standby letter of credit
at the request of________ (hereunder referred to as “ the applicant”),we hereby issue our irrevocable standby letter of credit NO._______ in your favour for the principal amouni in U.S.dollars equivalent to RMB_______,plus the accrued interest ,penalty interest and any other fees ,expenses which are or may become payable to you by the applicant under the loan agreement NO______.between you and the applicant.
This standby letter of credit is available against presentation of your tested telex or swift to us stating that the amount of such claim(s) represents and covers the unpaid balance of indebtedness in connection with your granting loan facility to the applicant.
Upon receipt of documents drawn in compliance with terms and conditions of this standby letter of credit ,we shall within seven banking business days,remit the proceeds to you in accordance with your instructton.
The buying rate of U.S.dollars to renminbi quoted by bank of china on the date of your drawing shall be used for the calculation of your drawing amount.
Partial drawings are acceptable
This standby letter of credit will be effective from_____ and expire on ______(one month after the due date of the loan agreement)at the counter of bank of china _______ branch.
This standby letter of credit is subject to uniform customs and practice for documentary credit (1993.revision ) ,icc publication NO.500
请高手帮忙翻译,如果翻译的好还有追加分
各位老大,能不能专业一点。Partial drawings are acceptable 怎么可以翻译成部分图纸可接受呀???