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Standby Letter Of Credit
"I need a Standby Letter of Credit for EUR 2.5 million to be issued by Austrian Creditbank AG in favor of WindPower GmbH as performance security for a wind farm construction project in Salzburg, with an expiry date of June 30, 2025."
1. Issuing Bank Details: Full name, address, and reference numbers of the issuing bank
2. Beneficiary Details: Complete identification and address of the beneficiary of the SBLC
3. Applicant Details: Complete identification and address of the party requesting the SBLC
4. SBLC Number and Date: Unique identification number and issuance date of the SBLC
5. Amount and Currency: Maximum amount available under the SBLC and currency specification
6. Expiry Details: Expiry date and place of the SBLC
7. Drawing Terms: Specific conditions and documentation required for drawing under the SBLC
8. Governing Law and Jurisdiction: Specification of Austrian law as governing law and jurisdiction details
9. Bank Authorization: Official signatures and authorizations from the issuing bank
1. Automatic Extension Clause: Used when the SBLC needs to include an 'evergreen' provision for automatic renewal
2. Partial Drawing Provisions: Include when multiple or partial drawings are to be permitted under the SBLC
3. Transfer Rights: Include when the SBLC needs to be transferable to other beneficiaries
4. Counter-Guarantee Reference: Required when the SBLC is issued under a counter-guarantee from another bank
5. Special Payment Instructions: Include when specific payment routing or methods need to be specified
6. Force Majeure Provisions: Optional additional protection for exceptional circumstances
7. Language Declaration: Required when the SBLC is issued in multiple languages
1. Schedule A - Required Documents: Detailed list of documents required for drawing under the SBLC
2. Schedule B - Form of Demand: Prescribed format for making a demand under the SBLC
3. Schedule C - Underlying Transaction Details: Reference to the underlying commercial transaction or obligation
4. Appendix 1 - Authentication Procedures: Details of any specific authentication requirements for drawings
5. Appendix 2 - Special Conditions: Any additional terms or conditions specific to this SBLC
6. Appendix 3 - Fee Schedule: Details of any banking fees and charges applicable to the SBLC
Authors
Applicant
Banking Day
Beneficiary
Business Day
Complying Presentation
Confirming Bank
Counter-Guarantee
Demand
Drawing
Effective Date
Euro
Event of Default
Expiry Date
Force Majeure
Governing Law
ISP98
Issuing Bank
Letter of Credit
Maximum Amount
Non-Performance
Original
Partial Drawing
Place of Expiry
Place of Presentation
Presentation
Presenting Bank
Reference Number
Supporting Documents
Transfer
URDG 758
Underlying Transaction
Amount and Currency
Expiry
Drawing Conditions
Presentation Requirements
Payment Terms
Transfer Rights
Assignment
Force Majeure
Governing Law and Jurisdiction
Documentation Requirements
Bank Obligations
Notices
Amendments
Language
Anti-Money Laundering
Sanctions Compliance
Fees and Charges
Counter-Indemnity
Automatic Extension
Multiple Drawings
Reduction Provisions
Authentication
Dispute Resolution
Severability
Banking and Financial Services
International Trade
Construction
Manufacturing
Energy
Infrastructure
Real Estate
Telecommunications
Transportation and Logistics
Oil and Gas
Mining
Project Finance
Import/Export
Legal
Finance
Treasury
Trade Finance
Risk Management
Compliance
International Banking
Corporate Banking
Documentary Credits
Operations
Trade Finance Manager
Credit Manager
Treasury Manager
Chief Financial Officer
Financial Controller
Banking Relationship Manager
Trade Finance Operations Officer
Risk Manager
Compliance Officer
Documentary Credits Specialist
International Trade Specialist
Project Finance Manager
Corporate Banking Officer
Legal Counsel
Commercial Director
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