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1. Parties: Identifies the issuing bank, applicant (buyer), and beneficiary (seller)
2. Background: Describes the commercial context and purpose of the letter of credit facility
3. Definitions: Defines key terms used throughout the document
4. Credit Facility Details: Specifies the credit amount, currency, and revolving nature of the facility
5. Term and Renewal: States the duration of the facility and conditions for renewal
6. Drawing Requirements: Specifies the documents required for drawing under the credit
7. Revolving Mechanism: Details how the credit reinstates after each drawing
8. Payment Terms: Specifies payment conditions, timing, and methods
9. Fees and Charges: Lists all applicable fees, charges, and commission
10. Bank's Rights and Obligations: Outlines the issuing bank's responsibilities and rights
11. Applicant's Undertakings: Details the applicant's obligations and commitments
12. Default Events: Lists circumstances constituting default
13. Governing Law and Jurisdiction: Specifies applicable law and dispute resolution forum
1. Security Arrangements: Required when specific collateral or security is provided for the facility
2. Sanctions Compliance: Required for international trade with sanctioned countries or industries
3. Multiple Currency Provisions: Include when the facility operates in multiple currencies
4. Transfer and Assignment: Include when transfer of the credit is permitted
5. Electronic Presentation: Required when electronic document presentation is allowed
6. Force Majeure: Optional clause for handling unforeseen circumstances
7. Back-to-Back Credits: Include when back-to-back credit arrangements are permitted
1. Schedule 1 - Facility Limits and Sub-limits: Details of credit amounts and any sub-limits
2. Schedule 2 - Fee Schedule: Comprehensive list of all fees and charges
3. Schedule 3 - Required Documents: Detailed list of required documents for drawings
4. Schedule 4 - Standard Forms: Templates for applications, amendments, and other standard forms
5. Schedule 5 - Authorized Signatories: List of persons authorized to act on behalf of the parties
6. Appendix A - UCP 600 Incorporation: Specific provisions of UCP 600 applicable to the facility
7. Appendix B - Operating Procedures: Detailed procedures for facility operation
Amendments
Applicant
Australian Banking Day
Authorized Representative
Available Balance
Beneficiary
Business Day
Confirmation
Confirming Bank
Credit Amount
Credit Period
Default Event
Documentary Credit
Drawing
Effective Date
Expiry Date
Facility
Facility Limit
Force Majeure
Governing Law
Insolvency Event
Issuing Bank
Letter of Credit
Maximum Credit Amount
Negotiating Bank
Negotiation
Payment Undertaking
Presentation
Presenting Bank
Reimbursing Bank
Reinstatement
Relevant Documents
Revolving Period
Security
Sub-limit
Transaction Documents
UCP 600
Unutilized Amount
Credit Amount
Revolving Mechanism
Drawing Rights
Payment Terms
Documentation Requirements
Representations and Warranties
Bank Undertakings
Applicant Undertakings
Fees and Charges
Security
Default Events
Reinstatement Provisions
Amendment Procedures
Force Majeure
Governing Law
Dispute Resolution
Notices
Assignment and Transfer
Confidentiality
Anti-Money Laundering
Sanctions Compliance
Termination
Indemnification
Set-Off Rights
Electronic Presentations
Currency Provisions
Bank Communications
Severability
Entire Agreement
International Trade
Banking and Financial Services
Manufacturing
Agriculture
Mining and Resources
Retail
Wholesale Distribution
Import/Export
Commodities Trading
Construction
Energy
Legal
Finance
Treasury
International Trade
Procurement
Risk Management
Compliance
Trade Operations
Supply Chain
Commercial Operations
Trade Finance Manager
International Business Director
Chief Financial Officer
Treasury Manager
Import/Export Manager
Finance Director
Banking Relationship Manager
Trade Operations Officer
Credit Risk Manager
Compliance Officer
Legal Counsel
Commercial Director
Supply Chain Manager
Procurement Manager
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