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1. Letter Reference Number: Unique identification number of the Letter of Credit
2. Date of Issuance: The date when the Letter of Credit is issued
3. Type of Credit: Specification that this is an irrevocable Letter of Credit
4. Applicant Details: Full name and address of the party requesting the Letter of Credit (typically the buyer)
5. Beneficiary Details: Full name and address of the party in whose favor the LC is issued (typically the seller)
6. Issuing Bank Details: Name and address of the bank issuing the Letter of Credit
7. Currency and Amount: The currency and maximum amount for which the Letter of Credit is issued
8. Expiry Date and Place: The date and location where the Letter of Credit expires
9. Available With/By: Specification of the bank with which the credit is available and the manner of availability
10. Partial Shipments/Transhipment: Whether partial shipments or transhipment is allowed or prohibited
11. Documents Required: Detailed list of documents required for presentation
12. Presentation Period: Time period within which documents must be presented after shipment
1. Special Conditions: Any additional terms or conditions specific to this transaction
2. Red Clause: Include when advance payment to the beneficiary is authorized
3. Green Clause: Include when storage of goods is involved with advance payment
4. Transferability Clause: Include when the LC needs to be transferable to another beneficiary
5. Back-to-Back Provisions: Include when this LC will be used to support the issuance of another LC
6. Revolving Credit Terms: Include when the LC is intended to revolve in value or time
7. Confirmation Instructions: Include when confirmation by another bank is required
8. Reimbursement Instructions: Include when specific reimbursement arrangements between banks are needed
1. Schedule A - Document Requirements: Detailed specifications for each required document including format and content requirements
2. Schedule B - Goods Description: Detailed description of the goods or services covered by the LC
3. Schedule C - Shipping Terms: Specific shipping requirements, including ports, modes of transport, and delivery terms
4. Appendix 1 - Bank Forms: Standard forms required by the issuing bank for document presentation
5. Appendix 2 - Special Instructions: Any additional instructions for document preparation or presentation
6. Appendix 3 - Fee Schedule: Breakdown of all applicable banking charges and fees
Applicant
Banking Day
Beneficiary
Bill of Exchange
Commercial Invoice
Complying Presentation
Confirmation
Credit
Draft
Expiry Date
Honour
Issuing Bank
Negotiation
Nominated Bank
Presentation
Presenter
Reimbursing Bank
Shipping Documents
Sight Payment
Transport Documents
UCP 600
Usance
Payment at Sight
Deferred Payment
Clean Collection
Documentary Collection
Date of Issuance
Place of Expiry
Available With Bank
Applicable Rules
Banking Charges
Document Examination Period
Force Majeure
Governing Law
Incoterms
Late Presentation
Maturity Date
Original Documents
Partial Shipment
Transhipment
Document Presentation
Bank Obligations
Payment Terms
Document Examination
Bank Reimbursement
Force Majeure
Governing Law
Amendment Procedures
Expiry and Cancellation
Complying Presentation
Transfer Rights
Discrepancy Handling
Bank Charges
Notice Requirements
Confirmation Terms
Document Requirements
Shipping Terms
Insurance Requirements
Dispute Resolution
Assignment Restrictions
Confidentiality
Communications
Sanctions Compliance
Anti-Money Laundering
Disclaimer of Liability
Time Limitations
Documentary Requirements
Negotiation Terms
Reimbursement Procedures
International Trade
Banking and Financial Services
Manufacturing
Import/Export
Commodities Trading
Retail
Oil and Gas
Construction
Agriculture
Textiles
Automotive
Finance
International Trade Operations
Treasury
Legal
Compliance
Risk Management
Trade Documentation
Banking Relations
Import Operations
Export Operations
Chief Financial Officer
Trade Finance Manager
International Business Development Manager
Finance Director
Treasury Manager
Trade Operations Manager
Documentary Credits Specialist
Compliance Officer
Banking Relations Manager
Import Manager
Export Manager
Credit Risk Manager
Senior Trade Finance Officer
Documentary Collections Officer
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