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1. Parties: Identification of all parties including the applicant, issuing bank, beneficiary, and any confirming or advising banks
2. Background: Context of the transaction, relationship between parties, and purpose of the Letter of Credit
3. Definitions: Detailed definitions of terms used throughout the agreement, including banking and trade terms
4. Letter of Credit Terms: Core terms including amount, currency, expiry date, and type of credit (irrevocable/revocable)
5. Documents Required: Comprehensive list of required documents for LC activation and payment
6. Payment Terms: Conditions for payment, timing, method, and currency conversion if applicable
7. Bank's Rights and Obligations: Detailed outline of the issuing bank's responsibilities and rights
8. Applicant's Undertakings: Commitments and obligations of the LC applicant
9. Fees and Charges: All applicable fees, charges, and commission structures
10. Default and Remedies: Events of default and consequent remedies available to parties
11. Governing Law and Jurisdiction: Specification of Australian law as governing law and jurisdiction for disputes
1. Confirming Bank Provisions: Used when a confirming bank is involved in the transaction
2. Transfer Rights: Include when the LC needs to be transferable to other beneficiaries
3. Back-to-Back Credits: Required when allowing for back-to-back LC arrangements
4. Electronic Presentation: Include when documents can be presented electronically
5. Force Majeure: Optional expanded force majeure provisions beyond standard UCP terms
6. Anti-Money Laundering Compliance: Detailed AML provisions when dealing with high-risk jurisdictions
7. Sanctions Compliance: Include when transactions involve international trade requiring sanctions screening
1. Schedule 1 - Fee Schedule: Detailed breakdown of all fees, charges, and commission rates
2. Schedule 2 - Required Documents: Specific format and content requirements for all required documents
3. Schedule 3 - Standard Forms: Templates for amendment requests, document presentations, and other standard forms
4. Schedule 4 - Authorized Signatories: List of authorized signatories and specimen signatures
5. Appendix A - UCP 600 Incorporation: Specific articles of UCP 600 incorporated into the agreement
6. Appendix B - Electronic Presentation Procedures: Technical requirements and procedures for electronic document presentation
Amendment
Applicant
Banking Day
Beneficiary
Business Day
Charges
Confirming Bank
Credit
Default Event
Documentary Credit
Documents
Drawing
Expiry Date
Facility
Facility Limit
Force Majeure Event
Governing Law
Incoterms
Instrument
Interest Rate
Issuing Bank
Letter of Credit
Negotiating Bank
Nominated Bank
Notification
Paying Bank
Payment Undertaking
Presentation
Reimbursing Bank
Related Documents
Security Interest
Specified Documents
Standby Letter of Credit
Transaction
UCP 600
Underlying Transaction
Payment Terms
Fees and Charges
Documentation Requirements
Representations and Warranties
Undertakings
Security
Default
Remedies
Force Majeure
Assignment
Confidentiality
Notices
Amendment
Indemnification
Liability Limitation
Governing Law
Dispute Resolution
Term and Termination
Compliance
Anti-Money Laundering
Sanctions
Electronic Communications
Bank's Rights
Applicant's Obligations
Document Examination
Currency Provisions
Set-off Rights
Severability
Entire Agreement
Banking and Financial Services
International Trade
Manufacturing
Import/Export
Retail
Commodities Trading
Agriculture
Mining and Resources
Construction
Wholesale Distribution
Logistics and Transportation
Legal
Finance
Treasury
International Trade
Procurement
Compliance
Risk Management
Trade Operations
Supply Chain
Banking Relations
Trade Finance Manager
International Business Development Manager
Chief Financial Officer
Finance Director
Treasury Manager
Import/Export Manager
Procurement Manager
Trade Operations Officer
Legal Counsel
Compliance Officer
Risk Manager
Banking Relationship Manager
Documentary Credits Specialist
Supply Chain Manager
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