Re: OT- letter of credit auctions

Posted by Mark-Mi on July 18, 2010 at 14:43:45 from (97.107.84.156):

In Reply to: OT- letter of credit auctions posted by Ray on July 17, 2010 at 19:36:23:

First time I was at Fort Wayne truck auction they were very strict on how your letter was worded. Most the people that were new there as I was had to go in another line to call their bank to have a new letter faxed. The letter had to state the bank would cover your check even if you did not have the funds in your account.
Luck would have it that mine stated I was good for X amount of dollars and signed by bank VP so I was good to go. Mark

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