Bank Confirmation Letter
Bank Confirmation Letter (BCL)
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- Parent Category: Support for Trader
- Category: Payment Terms
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BCL - Bank Confirmation Letter. Also known as a Bank Capability Letter, or Bank Confirmation Letter, this is a letter from the Buyer's bank confirming his ability to meet a certain level payment requirements. This letter states that the Buyer has sufficient funds to cover the cost of the order. It should however be understood that this does not imply any guarantee of payment.
BCL from Buyers' bank
Bank Name: Bank Address: Bank Confirmation Letter (BCL) Dated:
Dear Sirs,
This is to confirm our mutual client (company name) maintain a banking account with us.
At their instructions we, (bank name) with full authority and mandate hereby confirm that the said client are willing and financially able to initiate this process of goods of 000.000 metric tons (Litre, Cans, Bags etc.).
We understand payment is to by (please use correct one)