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1. Letter Reference Number: Unique identification number of the LC
2. Date of Issuance: Date when the LC is issued
3. Issuing Bank Details: Complete name and address of the issuing bank
4. Applicant Details: Full name and address of the party requesting the LC (buyer/importer)
5. Beneficiary Details: Full name and address of the party in whose favor the LC is issued (seller/exporter)
6. Currency and Amount: Specified currency and maximum amount available under the LC
7. Expiry Date and Place: Date and location where the LC expires
8. Form of Presentation: Specification of how and where documents should be presented
9. Documents Required: Detailed list of documents required for presentation
10. Shipment Terms: Details of shipment including latest shipment date and partial shipments
11. Payment Terms: Specification of when and how payment will be made
12. Confirmation Instructions: Whether the LC requires confirmation from another bank
13. Governing Law Statement: Specification of UAE law and UCP 600 governance
1. Transferability Clause: Required if the LC needs to be transferable to another beneficiary
2. Red Clause: Include when advance payment to the beneficiary is permitted
3. Green Clause: Include when storage of goods at destination is part of the arrangement
4. Revolving Credit Clause: Include when the LC is meant to be automatically renewed
5. Back-to-Back Provisions: Required when the LC supports a back-to-back arrangement
6. Insurance Instructions: Required when specific insurance arrangements need to be specified
7. Special Conditions: Any additional terms specific to the transaction
1. Schedule A - Commercial Invoice Requirements: Detailed specifications for the format and content of commercial invoices
2. Schedule B - Transport Document Requirements: Specific requirements for bills of lading or other transport documents
3. Schedule C - Goods Description: Detailed description of the goods being traded including specifications and quantities
4. Schedule D - Price Calculation: Breakdown of pricing including any adjustments or variations permitted
5. Appendix 1 - Required Document Formats: Sample formats for required documents
6. Appendix 2 - Bank Contact Details: Complete contact information for all banks involved in the transaction
Applicant
Banking Day
Beneficiary
Bill of Exchange
Bill of Lading
Confirmation
Confirming Bank
Complying Presentation
Credit
Documents
Draft
Expiry Date
Force Majeure
Governing Law
Honour
Instrument
Issuing Bank
Letter of Credit
Negotiating Bank
Negotiation
Nomination
Notice of Completeness
Original
Presentation
Presenter
Reimbursing Bank
Shipment
Sight Payment
Standby Letter of Credit
Transfer
Transferable Credit
UCP 600
Usance
Working Days
Payment Terms
Expiry and Validity
Force Majeure
Governing Law and Jurisdiction
Bank Obligations
Document Examination
Disclaimers and Limitations
Amendment Conditions
Transfer Rights
Notice Requirements
Reimbursement
Bank Charges
Confirmation Terms
Compliance Requirements
Document Discrepancies
Shipping Terms
Insurance Requirements
Default and Remedies
Assignment Restrictions
Anti-Money Laundering
Sanctions Compliance
Islamic Banking Compliance
Dispute Resolution
Severability
Communications
Language of Documents
Bank's Security Interest
Indemnification
Time Limits
Banking and Financial Services
International Trade
Import/Export
Manufacturing
Retail
Commodities Trading
Oil and Gas
Construction
Agriculture
Textiles
Electronics
Automotive
Shipping and Logistics
Insurance
Trade Finance
International Banking
Credit Risk
Legal and Compliance
Treasury
Financial Control
Operations
Documentary Credits
Global Transaction Services
Commercial Banking
Supply Chain
International Trade Operations
Trade Finance Manager
International Business Development Manager
Import/Export Coordinator
Letter of Credit Specialist
Trade Operations Officer
Commercial Banking Manager
Credit Risk Officer
Documentary Credits Manager
Treasury Manager
Chief Financial Officer
Finance Director
Banking Relationship Manager
Compliance Officer
Trade Finance Analyst
Supply Chain Manager
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