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Export Letter Of Credit
"I need an Export Letter of Credit for a €2.5 million machinery export transaction from Austria to India, with quarterly shipments throughout 2025, including specific requirements for pre-shipment inspection and partial shipment allowances."
1. Letter of Credit Number and Date: Unique identification number and issuance date of the L/C
2. Advising Bank Details: Complete details of the bank advising the L/C to the beneficiary
3. Applicant Details: Full name and address of the party requesting the L/C (the buyer/importer)
4. Beneficiary Details: Full name and address of the party in whose favor the L/C is issued (the seller/exporter)
5. Currency and Amount: The currency and amount for which the L/C is issued, both in figures and words
6. Expiry Date and Place: The date and location where the L/C expires
7. Available With/By: Specification of where and how the L/C is available (payment, acceptance, or negotiation)
8. Partial Shipments/Transhipment: Whether partial shipments and transhipment are allowed or prohibited
9. Loading/Dispatch From/To: Ports or places of loading and discharge
10. Latest Date of Shipment: Final date by which shipment must be made
11. Description of Goods: Detailed description of the goods being traded
12. Required Documents: List of documents required for presentation under the L/C
13. Additional Conditions: Any special conditions or requirements that must be met
14. Charges: Specification of which party bears which bank charges
1. Confirmation Instructions: Used when confirmation of the L/C by another bank is requested
2. Deferred Payment Terms: Include when payment is to be made at a specified future date rather than at sight
3. Red Clause Provisions: Used when advance payment to the beneficiary is permitted
4. Transferability Clause: Include when the L/C needs to be transferable to another beneficiary
5. Back-to-Back Provisions: Used when the L/C will serve as collateral for another L/C
6. Revolving Terms: Include when the L/C is designed to automatically renew under specified conditions
7. Green Clause Provisions: Used when warehouse storage of goods is involved with advance payment features
1. Commercial Invoice Template: Prescribed format for the commercial invoice if required by the L/C
2. Packing List Requirements: Detailed specifications for how goods should be packed and listed
3. Transport Document Requirements: Specific requirements for bills of lading or other transport documents
4. Insurance Document Requirements: Specifications for required insurance coverage and documentation
5. Certificate of Origin Requirements: Specific requirements for proving the origin of goods
6. Inspection Certificate Requirements: Details of required pre-shipment inspection certificates if applicable
7. Bank Draft/Bill of Exchange Format: Template for any required bank drafts or bills of exchange
Authors
Applicant
Banking Day
Beneficiary
Bill of Exchange
Bill of Lading
Clean Collection
Commercial Invoice
Complying Presentation
Confirmation
Confirming Bank
Credit
Document
Documentary Credit
Draft
Expiry Date
Honour
ICC
Issuing Bank
Letter of Credit
Negotiation
Nominated Bank
Notification of Assignment
Packing List
Partial Shipment
Place for Presentation
Presentation
Presenter
Reimbursing Bank
Shipping Documents
Sight Payment
Standby Letter of Credit
Transhipment
UCP 600
Undertaking
Usance
Waybill
Availability and Expiry
Document Presentation
Payment Terms
Shipping Terms
Document Requirements
Bank Charges
Force Majeure
Amendment Conditions
Transferability
Governing Law
Jurisdiction
Banking Instructions
Documentary Requirements
Presentation Period
Confirmation Terms
Partial Shipments
Transhipment
Insurance Coverage
Description of Goods
Price Terms
Port of Loading
Port of Discharge
Latest Shipment Date
Document Examination
Discrepancy Handling
Assignment of Proceeds
Reimbursement Terms
Non-Compliant Presentation
Sanctions Compliance
Banking and Financial Services
International Trade
Manufacturing
Export/Import
Logistics and Transportation
Commodities Trading
Retail
Agriculture
Mining
Automotive
Electronics
Textiles
Chemical Industry
Pharmaceutical
Trade Finance
International Banking
Treasury
Export Operations
Import Operations
Legal
Compliance
Risk Management
Finance
International Sales
Supply Chain
Shipping and Logistics
Documentary Credits
Trade Operations
Trade Finance Manager
Export Manager
Import Manager
Documentary Credits Specialist
International Banking Officer
Treasury Manager
Finance Director
Chief Financial Officer
Trade Operations Manager
Compliance Officer
Risk Manager
Banking Relationship Manager
International Sales Manager
Supply Chain Manager
Shipping Manager
Legal Counsel
Documentary Collections Specialist
Trade Finance Analyst
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