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1. Parties: Identification of the issuing bank, applicant, and beneficiary
2. Background: Context of the trade relationship and purpose of the revolving LC
3. Definitions: Key terms including revolving mechanism, credit amount, reinstatement terms
4. Facility Details: Specifics of the revolving LC including amount, currency, and revolving terms
5. Reinstatement Mechanism: Terms and conditions for automatic reinstatement of the credit amount
6. Utilization Procedure: Process for drawing under the LC and documentation requirements
7. Fees and Charges: All applicable fees, commissions, and charges
8. Documentation Requirements: Required documents for presentation and acceptance criteria
9. Expiry and Validity: Term of the facility and conditions for expiry
10. Bank's Rights and Obligations: Scope of bank's commitments and discretionary rights
11. Applicant's Undertakings: Obligations and representations of the applicant
12. Default Events: Circumstances constituting default and consequences
13. Governing Law and Jurisdiction: Application of UAE law and jurisdiction provisions
1. Sanctions Compliance: Required when parties are involved in international trade with sanctioned countries or sensitive goods
2. Islamic Banking Compliance: Required when the LC needs to comply with Sharia principles
3. Multi-Currency Provisions: Include when the LC can be utilized in multiple currencies
4. Counter-Guarantees: Required when involving correspondent banks or additional security
5. Electronic Presentation: Include when allowing electronic presentation of documents
6. Green Clause Provisions: Include when advance payment facilities are required
1. Schedule 1 - Fee Schedule: Detailed breakdown of all fees, charges, and commission rates
2. Schedule 2 - Form of Utilization Request: Standard format for requesting drawings under the LC
3. Schedule 3 - Required Documents: Comprehensive list of required documents and their specifications
4. Schedule 4 - Specimen Signatures: Authorized signatures for the applicant and verification procedures
5. Schedule 5 - Standard Forms: Templates for amendments, notifications, and other standard communications
6. Appendix A - Compliance Checklist: Checklist for document verification and compliance requirements
7. Appendix B - Operating Procedures: Detailed procedures for LC operations and documentation handling
Applicant
Available Credit
Banking Day
Beneficiary
Confirmation
Confirming Bank
Credit Amount
Credit Period
Discrepancy
Documents
Drawing
Effective Date
Expiry Date
Facility
Force Majeure
Governing Law
ICC
Issuing Bank
Letter of Credit
Material Adverse Effect
Negotiating Bank
Non-Compliant Presentation
Presentation
Reimbursing Bank
Reinstatement
Reinstatement Date
Revolving Period
Security
Specified Documents
UCP 600
Underlying Transaction
Unutilized Amount
Utilization
Utilization Request
Credit Amount
Revolving Mechanism
Documentary Requirements
Presentation and Examination
Payment Terms
Fees and Charges
Bank's Rights and Obligations
Applicant's Obligations
Representations and Warranties
Conditions Precedent
Conditions Subsequent
Security
Events of Default
Force Majeure
Assignment and Transfer
Amendments
Communications
Confidentiality
Sanctions Compliance
Anti-Money Laundering
Set-off Rights
Indemnification
Liability Limitation
Severability
Entire Agreement
Notice Requirements
Dispute Resolution
Governing Law
Jurisdiction
Banking & Financial Services
International Trade
Manufacturing
Retail
Commodities Trading
Oil & Gas
Construction
Automotive
Agriculture
Textiles & Garments
Electronics & Technology
Shipping & Logistics
Trade Finance
Treasury
International Banking
Credit Risk
Legal
Compliance
Operations
Documentary Credits
Supply Chain
Finance
International Trade
Customer Relations
Trade Finance Manager
Chief Financial Officer
Treasury Manager
Import/Export Manager
Trade Operations Officer
Credit Risk Manager
Documentary Credits Specialist
Compliance Officer
International Trade Specialist
Banking Relationship Manager
Finance Director
Supply Chain Manager
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