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1. Parties: Identification of all parties including the issuing bank, beneficiary, and applicant
2. Background: Context of the transaction and relationship between parties
3. Definitions: Key terms used throughout the document including banking, trade, and technical terms
4. Credit Amount and Currency: Specification of the credit amount, currency, and any tolerance limits
5. Validity and Expiry: Terms regarding the validity period and expiry date of the credit
6. Documents Required: Detailed list of required documents for credit utilization
7. Payment Terms: Specifications for payment including timing, method, and conditions
8. Bank's Undertaking: The bank's commitment and obligations under the credit
9. Applicant's Obligations: Responsibilities and obligations of the credit applicant
10. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction details
11. Force Majeure: Provisions for unforeseen circumstances affecting credit execution
12. Notices: Communication protocols and contact details for all parties
13. Execution: Signature blocks and execution requirements for all parties
1. Sharia Compliance: Required for Islamic banking transactions, specifying compliance with Sharia principles
2. Transferability: Include when the credit is transferable to other beneficiaries
3. Back-to-Back Credits: Required when the credit is part of a back-to-back arrangement
4. Revolving Credit Terms: Include for revolving letters of credit, specifying reinstatement terms
5. Confirmation Terms: Required when the credit is confirmed by another bank
6. Red Clause Provisions: Include for advanced payment facilities within the credit
7. Green Clause Provisions: Include for storage facility requirements
8. Syndication Terms: Required when multiple banks are involved in issuing the credit
1. Schedule 1 - Document Requirements: Detailed specifications for required documents including format and content
2. Schedule 2 - Fee Schedule: Comprehensive list of all applicable fees and charges
3. Schedule 3 - Standard Forms: Templates for amendments, transfers, and other standard communications
4. Schedule 4 - Bank's Standard Terms: General terms and conditions of the issuing bank
5. Appendix A - UCP 600 Incorporation: Specific articles of UCP 600 applicable to this credit
6. Appendix B - Specimen Signatures: Authorized signatures for all relevant parties
7. Appendix C - Communication Protocols: Detailed procedures for electronic communications and SWIFT messages
Applicant
Banking Day
Bankers Acceptance
Beneficiary
Bill of Exchange
Business Day
Confirmation
Confirming Bank
Credit
Documents
Documentary Credit
Draft
Expiry Date
Force Majeure
Governing Law
Instructions
Issuing Bank
Letter of Credit
Negotiating Bank
Nominated Bank
Presentation
Reimbursing Bank
Sharia Compliant
SWIFT
Tolerance
Transfer
UCP 600
Undertaking
Usance
Validity Period
Compliant Presentation
Discrepancy
Documentary Requirements
Maturity Date
Notice of Rejection
Payment at Sight
Deferred Payment
Acceptance
Negotiation
Clean Collection
Documentary Collection
Sight Draft
Time Draft
Transport Document
Commercial Invoice
Insurance Document
Certificate of Origin
Packing List
Inspection Certificate
Amendment
Back-to-Back Credit
Red Clause
Green Clause
Revolving Credit
Standby Letter of Credit
Transferable Credit
Confirmation Instructions
Reimbursement Authorization
Silent Confirmation
Credit Amount and Currency
Availability and Expiry
Document Requirements
Payment Terms
Bank Undertaking
Applicant Obligations
Presentation Requirements
Examination and Compliance
Transfer Rights
Amendment Provisions
Bank Charges and Fees
Force Majeure
Communications
Governing Law
Jurisdiction
Dispute Resolution
Notices
Assignment
Severability
Entire Agreement
Confidentiality
Anti-Money Laundering
Sanctions Compliance
Islamic Banking Compliance
Electronic Commerce
Data Protection
Bank's Security Rights
Default and Remedies
Indemnification
Document Examination Standards
Reimbursement Obligations
Bank's Discretion
Confirmation Terms
Authorization and Representation
Amendments and Modifications
Waiver
Time of Essence
Counter-terrorism Financing
Documentary Risk
Bank's Limitation of Liability
Banking and Financial Services
International Trade
Import/Export
Manufacturing
Retail
Commodities Trading
Shipping and Logistics
Energy and Resources
Construction
Agricultural Trade
Trade Finance
International Banking
Legal
Compliance
Risk Management
Treasury
Operations
Documentary Credits
Islamic Banking
Credit Administration
Trade Finance Manager
Credit Officer
Documentary Credits Specialist
Treasury Manager
International Banking Officer
Compliance Officer
Trade Operations Manager
Financial Controller
Import/Export Manager
Chief Financial Officer
Legal Counsel
Risk Manager
Islamic Banking Specialist
Trade Finance Operations Officer
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