Advised Letter Of Credit for Switzerland

Advised Letter Of Credit Template for Switzerland

A Letter of Credit document governed by Swiss law that provides a structured framework for international trade finance transactions. This document represents a bank's irrevocable undertaking to pay the beneficiary upon compliant presentation of specified documents. Under Swiss jurisdiction, it incorporates provisions from both the UCP 600 and relevant Swiss banking regulations, offering robust protection for international trade participants while adhering to Switzerland's strict banking standards and financial regulations. The document details payment conditions, documentary requirements, and timing specifications, backed by Switzerland's renowned financial system.

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What is a Advised Letter Of Credit?

The Advised Letter of Credit is a crucial document in international trade finance, particularly within the Swiss banking framework. It is used when parties seek to leverage Switzerland's stable financial system and robust banking regulations for their trade transactions. The document is employed when a bank (the issuing bank) agrees to pay the seller (beneficiary) on behalf of the buyer (applicant), with the additional security of having the credit advised through a bank in the beneficiary's country. The Advised Letter of Credit includes specific terms regarding payment conditions, required documentation, shipment details, and compliance requirements, all structured within Swiss legal parameters and international banking practices. This instrument is particularly valuable for cross-border transactions where parties seek the security of Swiss banking oversight combined with international trade finance standards.

What sections should be included in a Advised Letter Of Credit?

1. Letter Reference Details: Document reference number, date, and urgent/priority markings

2. Beneficiary Details: Full name and address of the beneficiary of the Letter of Credit

3. Applicant Details: Full name and address of the applicant requesting the Letter of Credit

4. Issuing Bank Details: Name and address of the bank issuing the Letter of Credit

5. Advising Bank Details: Name and address of the bank advising the Letter of Credit

6. Credit Amount and Currency: Specific amount and currency of the Letter of Credit

7. Form of Credit: Specification that this is an irrevocable advised Letter of Credit

8. Expiry Details: Expiry date and place of the Letter of Credit

9. Documentary Requirements: Detailed list of required documents for presentation

10. Shipment Terms: Details of shipment including latest shipment date and partial shipments

11. Payment Terms: Specification of payment terms including timing and conditions

12. Special Conditions: Any additional terms and conditions specific to this Letter of Credit

What sections are optional to include in a Advised Letter Of Credit?

1. Transferability Clause: Include when the Letter of Credit needs to be transferable to another beneficiary

2. Revolving Terms: Include for revolving Letters of Credit specifying reinstatement terms

3. Red Clause: Include when advance payment provisions are required

4. Green Clause: Include when warehouse storage provisions are needed

5. Back-to-Back Provisions: Include when this LC is issued against another LC

6. Confirmation Instructions: Include when confirmation by another bank is requested

What schedules should be included in a Advised Letter Of Credit?

1. Schedule A - Document Checklist: Detailed checklist of required documents with specific format requirements

2. Schedule B - Shipping Terms: Detailed shipping requirements including ports, modes of transport, and timing

3. Schedule C - Goods Description: Detailed description of goods including quantities, specifications, and pricing

4. Appendix 1 - UCP 600 Reference: Specific UCP 600 articles applicable to this Letter of Credit

5. Appendix 2 - Bank Contact Details: Complete contact information for all banks involved in the transaction

6. Appendix 3 - Amendment Format: Standard format for any future amendments to the Letter of Credit

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Switzerland

Publisher

Genie AI

Document Type

Letter of Credit

Cost

Free to use
Relevant legal definitions
Clauses
Relevant Industries

Banking and Financial Services

International Trade

Manufacturing

Agriculture and Food

Commodities Trading

Textiles and Apparel

Electronics and Technology

Automotive

Mining and Minerals

Oil and Gas

Chemical Industry

Pharmaceuticals

Construction Materials

Heavy Equipment

Consumer Goods

Relevant Teams

Trade Finance

International Banking

Documentary Credits

Global Transaction Banking

Trade Operations

Risk Management

Compliance

Treasury

Credit Administration

Legal

Customer Relations

Trade Services

Financial Control

Relevant Roles

Trade Finance Manager

International Banking Officer

Documentary Credits Specialist

Export Finance Manager

Import Finance Manager

Trade Operations Manager

Compliance Officer

Credit Risk Manager

Treasury Manager

Global Transaction Banking Officer

Trade Documentation Specialist

Letter of Credit Analyst

International Trade Specialist

Banking Relationship Manager

Chief Financial Officer

Finance Director

Trade Finance Sales Officer

Trade Services Manager

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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