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1. Parties: Identification of all parties: Original LC issuing bank, transferring bank, first beneficiary, second beneficiary
2. Background: Details of the original LC, including its number, date of issue, and current status
3. Definitions: Key terms including 'Original LC', 'Transfer', 'Second Beneficiary', 'Documents', 'Presentation'
4. Transfer Details: Specific terms of the transfer including amount, expiry date, and presentation period
5. Rights and Obligations: Responsibilities and rights of each party in the transfer process
6. Document Requirements: Specifications for required documents and their presentation
7. Fees and Charges: Details of all transfer fees, charges, and payment terms
8. Communications: Methods and requirements for notifications and communications between parties
9. Governing Law and Jurisdiction: Specification of applicable law and jurisdiction for dispute resolution
1. Partial Transfer Terms: Required when the LC allows for partial transfers, detailing specific conditions
2. Special Instructions: Used when there are specific handling requirements or non-standard procedures
3. Amendments: Required when transfer includes specific provisions for handling future LC amendments
4. Substitution Rights: Included when first beneficiary retains right to substitute their own invoices
5. Direct Payment Instructions: Used when special payment routing or instructions are required
6. Confidentiality: Added when specific confidentiality requirements exist beyond standard banking practice
1. Schedule A - Original LC Details: Complete copy or details of the original Letter of Credit
2. Schedule B - Transfer Application Form: Standardized application form for the LC transfer
3. Schedule C - Required Documents List: Detailed list of required documents and their specifications
4. Schedule D - Fee Schedule: Comprehensive breakdown of all applicable fees and charges
5. Appendix 1 - Document Presentation Guidelines: Specific instructions for document preparation and presentation
6. Appendix 2 - Communication Protocols: Detailed procedures for communications between parties
Transfer
Transferring Bank
First Beneficiary
Second Beneficiary
Original Applicant
Issuing Bank
Advising Bank
Banking Day
Complying Presentation
Documents
Original LC Amount
Transfer Amount
Transfer Application
Transferred Credit
Substitution Right
Amendment
Presentation
Confirmation
Reimbursement Undertaking
Notice of Transfer
Transfer Fee
UCP 600
Expiry Date
Available With
Credit
Negotiation
Draft
Commercial Invoice
Transport Documents
Insurance Documents
Transfer Conditions
Partial Transfer
Notify Party
Place of Expiry
Presentation Period
Discrepancy
Document Examination
Force Majeure
Governing Law
Banking Charges
Communication
Business Day
Original Documents
Payment Terms
Schedule of Requirements
Transfer Instructions
Interpretation
Definitions
Transfer Authorization
Document Requirements
Fees and Charges
Payment Terms
Communications
Notifications
Transfer Conditions
Amendment Procedures
Substitution Rights
Representations and Warranties
Bank Obligations
Beneficiary Obligations
Document Examination
Disclaimer
Force Majeure
Indemnification
Confidentiality
Assignment
Anti-Money Laundering
Sanctions Compliance
Data Protection
Governing Law
Jurisdiction
Dispute Resolution
Notices
Severability
Entire Agreement
Amendments and Waivers
Time of Essence
Counterparts
Language of Agreement
Banking & Financial Services
International Trade
Import/Export
Manufacturing
Commodities Trading
Shipping & Logistics
Wholesale Trade
Energy & Resources
Agriculture & Food
Retail
Trade Finance
International Banking
Documentary Credits
Global Transaction Banking
Risk Management
Treasury
Banking Operations
Compliance
Legal
Credit Operations
Trade Operations
Trade Finance Manager
Letter of Credit Specialist
International Banking Officer
Compliance Officer
Trade Operations Manager
Documentary Credits Manager
Global Transaction Banking Officer
Risk Management Officer
Treasury Manager
Import/Export Manager
Trade Finance Specialist
Banking Operations Manager
Senior Credit Officer
International Trade Specialist
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