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1. Parties: Identifies the issuing bank, the applicant (account party), and the beneficiary
2. Background: States the context and purpose of the SBLC issuance
3. Definitions: Defines key terms used throughout the SBLC
4. Credit Amount: Specifies the maximum drawable amount and currency
5. Expiry Date: States the validity period and expiration date of the SBLC
6. Non-Transferability: Explicit statement that the SBLC cannot be transferred or assigned
7. Drawing Conditions: Specifies the conditions and required documents for drawing under the SBLC
8. Presentation Requirements: Details the format and manner of presenting documents for payment
9. Bank's Obligations: Outlines the issuing bank's commitments and responsibilities
10. Governing Law and Jurisdiction: Specifies Australian law as governing law and jurisdiction
1. Reduction Clause: Include when the SBLC amount may be reduced over time or upon certain events
2. Multiple Drawings: Include when multiple partial drawings are permitted
3. Electronic Presentation: Include when electronic presentation of documents is acceptable
4. Force Majeure: Include when specific force majeure provisions are required beyond standard banking practice
5. Anti-Money Laundering Compliance: Include when enhanced AML provisions are required
6. Counter-Indemnity: Include when specific counter-indemnity arrangements are required from the applicant
1. Schedule 1 - Form of Demand: Standard format for making a drawing request under the SBLC
2. Schedule 2 - Required Documents: Detailed list of documents required for drawing
3. Schedule 3 - Fee Schedule: Details of banking fees and charges
4. Appendix A - Specimen Signatures: Authorized signatures for the beneficiary
5. Appendix B - Communication Arrangements: Details of approved communication methods and contact information
Applicant
Banking Day
Beneficiary
Business Day
Complying Presentation
Confirming Bank
Credit
Default Event
Demand
Drawing
Effective Date
Electronic Presentation
Expiry Date
Force Majeure Event
Governing Law
ISP98
Issuing Bank
Letter of Credit Amount
Non-Complying Presentation
Non-Transfer Notice
Original SBLC
Presentation
Presentation Date
Required Documents
SBLC
Specified Currency
UCP 600
Underlying Transaction
Credit Amount
Term and Expiry
Non-Transferability
Drawing Rights
Payment Obligations
Presentation Requirements
Document Examination
Complying Presentation
Bank Undertaking
Reduction Provisions
Force Majeure
Notices
Assignment Restrictions
Amendments
Governing Law
Jurisdiction
Anti-Money Laundering
Compliance
Representations and Warranties
Communications
Fees and Charges
Counter-Indemnity
Documentary Requirements
Default Events
Dispute Resolution
Severability
Entire Agreement
Banking & Financial Services
International Trade
Construction
Manufacturing
Energy & Resources
Infrastructure
Real Estate
Import/Export
Telecommunications
Project Finance
Legal
Finance
Treasury
Trade Finance
Compliance
Risk Management
Commercial Operations
International Banking
Credit Administration
Documentary Credits
Chief Financial Officer
Treasury Manager
Trade Finance Manager
Banking Relationship Manager
Finance Director
Commercial Director
Legal Counsel
Compliance Officer
Credit Risk Manager
Documentary Credits Specialist
International Trade Specialist
Contract Manager
Project Finance Manager
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