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1. Letter of Credit Number and Date: Unique identification number and issuance date of the LC
2. Issuing Bank Details: Complete name and address of the issuing bank
3. Beneficiary Details: Full name and address of the beneficiary
4. Applicant Details: Full name and address of the applicant requesting the LC
5. Amount and Currency: Credit amount and currency specification
6. Expiry Date and Place: Clear statement of when and where the LC expires
7. Without Recourse Declaration: Explicit statement that the LC is without recourse to the beneficiary
8. Available With/By: Specification of how and where the credit is available
9. Required Documents: List of documents required for presentation
10. Shipment Terms: Details of shipment, including latest shipment date if applicable
11. Payment Terms: Specification of payment timing and conditions
1. Transferability Clause: Include when the LC needs to be transferable to another beneficiary
2. Revolving Terms: Include for revolving LCs, specifying reinstatement conditions
3. Red Clause: Include when advance payment provisions are required
4. Green Clause: Include when warehouse storage provisions are needed
5. Partial Shipment/Drawing Terms: Include when partial shipments or drawings are permitted
6. Back-to-Back Provisions: Include for back-to-back LC arrangements
7. Confirmation Instructions: Include when confirmation by another bank is required
1. Schedule A - Document Requirements: Detailed checklist of required documents and their specific requirements
2. Schedule B - Goods Description: Detailed description of the goods or services covered by the LC
3. Schedule C - Special Payment Conditions: Any special conditions or requirements for payment
4. Appendix 1 - UCP 600 Compliance: Specific references to applicable UCP 600 articles
5. Appendix 2 - Bank Forms: Standard forms required by the issuing bank for drawings
6. Appendix 3 - Amendment Template: Template for future amendments to the LC if needed
Applicant
Banking Day
Beneficiary
Complying Presentation
Confirmation
Confirming Bank
Credit
Document Examination Period
Documents
Draft
Expiry Date
Honor
Issuing Bank
Negotiating Bank
Negotiation
Non-Complying Presentation
Original
Place for Presentation
Presentation
Presenter
Reimbursing Bank
Transport Document
UCP 600
Without Recourse
Nominated Bank
Clean Collection
Documentary Collection
Sight Payment
Deferred Payment
Force Majeure
Acceptance
Bank-to-Bank Reimbursement
Discrepancy
Documentary Credit
Availability
Expiry
Without Recourse Declaration
Document Presentation
Payment Terms
Bank Obligations
Document Examination
Force Majeure
Governing Law
Jurisdiction
UCP 600 Compliance
Amendment
Assignment
Transfer Rights
Disclaimers
Notices
Reimbursement
Fees and Charges
Documentation Requirements
Time Limits
Default
Dispute Resolution
Severability
Entire Understanding
Bank's Security Interest
Confirmation Terms
Negotiation Rights
Indemnification
Confidentiality
Banking and Financial Services
International Trade
Manufacturing
Retail
Commodities Trading
Agriculture
Energy
Mining
Telecommunications
Automotive
Pharmaceuticals
Technology
Shipping and Logistics
Trade Finance
International Banking
Legal
Compliance
Risk Management
Treasury
Commercial Banking
Trade Operations
Documentary Credits
Global Transaction Services
Trade Finance Manager
International Banking Officer
Documentary Credits Specialist
Export Finance Manager
Trade Operations Manager
Compliance Officer
Legal Counsel
Credit Risk Manager
Treasury Manager
Commercial Banking Officer
International Trade Specialist
Finance Director
Chief Financial Officer
Import/Export Coordinator
Documentary Collections Officer
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