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1. Letter Reference and Date: Unique reference number and issuance date of the Letter of Credit
2. Applicant Details: Full name, address, and contact information of the party requesting the Letter of Credit
3. Beneficiary Details: Full name, address, and contact information of the party in whose favor the Letter of Credit is issued
4. Issuing Bank Details: Name and details of the bank issuing the Letter of Credit
5. Credit Amount and Currency: Specific amount and currency of the Letter of Credit, including any tolerance levels
6. Expiry Date and Place: Clear statement of when and where the Letter of Credit expires
7. Form of Credit: Specification that this is an irrevocable standby Letter of Credit
8. Available With/By: Details of how and where the credit is available (payment, acceptance, negotiation)
9. Required Documents: Comprehensive list of documents required for presentation
10. Shipment Terms: Details of shipment including latest shipment date and partial shipments if applicable
11. Presentation Period: Timeframe within which documents must be presented after shipment
12. Instructions for Bank: Specific instructions for handling documents and payments
1. Transferability Clause: Include when the Letter of Credit needs to be transferable to another beneficiary
2. Revolving Terms: Include for revolving Letters of Credit that automatically renew
3. Red Clause: Include when advance payment to the beneficiary is allowed
4. Back-to-Back Provisions: Include when the Letter of Credit supports a back-to-back arrangement
5. Islamic Banking Compliance: Include specific terms ensuring Sharia compliance when required
6. Special Payment Terms: Include for deferred payment or acceptance terms
7. Force Majeure Clause: Include specific provisions for unforeseen circumstances affecting performance
8. Assignment of Proceeds: Include when proceeds can be assigned to a third party
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 - Description of Goods/Services: Detailed description of the goods or services covered by the Letter of Credit
4. Schedule D - Payment Schedule: Timeline and conditions for payments if involving multiple drawings
5. Appendix 1 - Required Document Formats: Templates or samples of required documents
6. Appendix 2 - Bank Authorization Forms: Standard forms required by the issuing bank
7. Appendix 3 - UCP 600 Incorporation: Specific UCP 600 articles applicable to this Letter of Credit
8. Appendix 4 - Sanctions Compliance Declaration: Required declarations regarding compliance with international sanctions
Applicant
Banking Day
Beneficiary
Business Day
Complying Presentation
Confirmation
Confirming Bank
Credit
Documentary Credit
Documents
Draft
Expiry Date
Force Majeure
Honour
ICC
Issuing Bank
Negotiating Bank
Negotiation
Nomination
Outstanding Amount
Presentation
Presenter
Reimbursing Bank
Shipping Documents
Standby Letter of Credit
Trade Terms
Transferable Credit
UCP 600
ISBP
Sharia Compliant
Banking License
Central Bank
Applicable Law
Discrepancy
Documentary Requirements
Governing Law
Payment Terms
Sanctioned Party
Commercial Invoice
Bill of Lading
Certificate of Origin
Packing List
Insurance Document
Transport Document
Availability
Expiry and Presentation
Document Requirements
Payment Terms
Bank Obligations
Transferability
Force Majeure
Governing Law and Jurisdiction
Compliance Requirements
Amendment Conditions
Documentary Examination
Sanctions and Anti-Money Laundering
Sharia Compliance
Fees and Charges
Assignment
Notices
Disclaimer
Bank's Security Interest
Default Events
Reimbursement Obligations
Document Discrepancies
Indemnification
Severability
Waiver
Entire Understanding
Revocation Rights
Confirmation Terms
Negotiation Rights
Transportation Terms
Insurance Requirements
Document Presentation
Communication Methods
Dispute Resolution
Banking and Financial Services
International Trade
Import/Export
Manufacturing
Retail
Commodities Trading
Construction
Energy
Shipping and Logistics
Agricultural Trade
Industrial Equipment
Textiles and Garments
Oil and Gas
Legal
Finance
Treasury
International Trade Operations
Risk Management
Compliance
Procurement
Supply Chain
Trade Finance
Documentary Credits
Corporate Banking
Trade Finance Manager
International Business Development Manager
Chief Financial Officer
Import/Export Manager
Treasury Manager
Documentary Credits Specialist
Trade Operations Manager
Financial Controller
Banking Relationship Manager
Compliance Officer
Risk Management Officer
Supply Chain Manager
Procurement Manager
Legal Counsel
Credit Risk Analyst
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