Operative Letter Of Credit Template for Austria

1. Transferability Clause: Include when the Letter of Credit needs to be transferable to a second beneficiary

2. Confirmation Instructions: Include when confirmation from another bank is required

3. Revolving Terms: Include for revolving Letters of Credit, specifying reinstatement conditions

4. Red Clause: Include when advance payment to the beneficiary is permitted

5. Green Clause: Include when warehouse storage of goods is involved with advance payment

6. Back-to-Back Provisions: Include when the Letter of Credit is part of a back-to-back arrangement

7. Special Conditions: Include any additional terms specific to the transaction

1. Schedule A - Document Checklist: Detailed checklist of required documents with specific format requirements

2. Schedule B - Goods Description: Detailed description of the goods or services covered by the Letter of Credit

3. Schedule C - Payment Schedule: For deferred payment credits, details of installment payments if applicable

4. Appendix 1 - Draft/Bill of Exchange Form: Standard form for bills of exchange if required

5. Appendix 2 - Bank Amendment Form: Standard form for requesting amendments to the Letter of Credit

6. Appendix 3 - Presentation Cover Sheet: Template for organizing document presentation