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1. Parties: Identification of all parties involved: Applicant (Buyer), Beneficiary (Seller), Issuing Bank, and any Advising/Confirming Banks
2. Background: Context of the underlying commercial transaction and purpose of the DLC
3. Definitions: Key terms used throughout the document, including banking, shipping, and documentary credit-specific terminology
4. Letter of Credit Details: Specific information about the DLC including type, amount, currency, and expiry date
5. Payment Terms and Conditions: Detailed conditions for payment, including required documents and presentation requirements
6. Document Requirements: Comprehensive list of required documents for DLC activation and payment
7. Timeframes and Deadlines: Specific timelines for document presentation, examination, and payment
8. Bank Obligations: Rights and obligations of all banking parties involved in the DLC transaction
9. Fees and Charges: Breakdown of all applicable banking fees, charges, and commission rates
10. Amendments: Process and conditions for making changes to the DLC terms
11. Force Majeure: Provisions for unforeseen circumstances affecting the DLC operation
12. Governing Law and Jurisdiction: Specification of UAE law application and jurisdiction for disputes
1. Islamic Banking Compliance: Required when the DLC needs to be Shariah-compliant, outlining specific Islamic banking requirements
2. Confirming Bank Provisions: Include when a confirming bank is part of the DLC arrangement
3. Transfer Rights: Include when the DLC is transferable to other beneficiaries
4. Back-to-Back Credits: Required when back-to-back letter of credit arrangements are permitted
5. Revolving Credit Terms: Include for revolving letters of credit arrangements
6. Red Clause Provisions: Include when advance payment provisions are required
7. Assignment of Proceeds: Include when assignment of proceeds is permitted under the DLC
1. Schedule 1 - Document Checklist: Detailed checklist of all required documents and their specifications
2. Schedule 2 - Fee Schedule: Comprehensive breakdown of all fees, charges, and commission rates
3. Schedule 3 - Standard Forms: Templates for amendment requests, document presentations, and other standard forms
4. Schedule 4 - Bank Details: Complete banking information for all parties involved
5. Appendix A - UCP 600 References: Relevant UCP 600 articles applicable to this specific DLC
6. Appendix B - Specimen Signatures: Authorized signatures for all relevant parties
7. Appendix C - Documentary Requirements Matrix: Detailed matrix showing all document requirements and acceptance criteria
Applicant
Banking Day
Beneficiary
Bill of Exchange
Bill of Lading
Certificate of Origin
Commercial Invoice
Complying Presentation
Confirmation
Confirming Bank
Credit
Defects Notice
Discrepancy
Documentary Credit
Documents
Draft
Expiry Date
Force Majeure
Governing Law
Insurance Certificate
Insurance Policy
Issuing Bank
Letter of Credit
Negotiating Bank
Negotiation
Original Documents
Packing List
Payment Terms
Presentation
Reimbursing Bank
Shipping Documents
Sight Payment
Standby Letter of Credit
Transport Document
UCP 600
Underlying Transaction
Usance Payment
Bank Guarantee
Islamic Banking Terms
Murabaha
Wakalah
UAE Central Bank
Regulatory Authority
Sanctioned Country
Compliance Requirements
Anti-Money Laundering Laws
Banking Hours
Business Day
Definitions
Interpretation
Letter of Credit Issuance
Payment Terms
Document Requirements
Bank Obligations
Presentation Requirements
Examination of Documents
Payment Conditions
Amendment Procedures
Fees and Charges
Bank Commissions
Currency Provisions
Transfer Rights
Assignment
Force Majeure
Compliance Requirements
Anti-Money Laundering
Islamic Banking Compliance
Document Verification
Time Limits
Notice Requirements
Default Events
Remedies
Dispute Resolution
Governing Law
Jurisdiction
Severability
Entire Agreement
Representations and Warranties
Indemnification
Liability Limitations
Confidentiality
Communications
Counterparts
Waiver
Termination
Language
Notices
Banking & Financial Services
International Trade
Manufacturing
Oil & Gas
Construction
Retail
Wholesale Distribution
Logistics & Supply Chain
Agriculture
Commodities Trading
Textile Industry
Automotive
Energy
Mining
Chemical Industry
Legal
Finance
Treasury
Trade Finance
International Banking
Compliance
Risk Management
Procurement
Supply Chain
Commercial Banking
Documentary Credits
Trade Operations
Trade Finance Manager
International Business Director
Treasury Manager
Chief Financial Officer
Finance Director
Compliance Officer
Legal Counsel
Banking Operations Manager
Credit Manager
Import/Export Manager
Supply Chain Director
Procurement Manager
Trade Operations Specialist
Documentary Credits Specialist
Risk Manager
Commercial Banking Manager
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