The Clean Letter of Credit serves as a crucial financial instrument in international trade transactions, providing payment security while minimizing documentary complexity. This type of letter of credit is particularly valuable when there is a high level of trust between parties or in transactions requiring streamlined documentation. Under Swiss jurisdiction, which is renowned for its sophisticated banking laws and regulations, the Clean Letter of Credit offers robust legal protection while benefiting from Switzerland's well-established banking infrastructure. The document typically includes essential elements such as payment terms, validity period, and basic transaction details, while requiring fewer supporting documents compared to standard documentary credits. This instrument is commonly used in recurring trade relationships, commodity trading, and situations where simplified documentation is preferred while maintaining the security of bank-guaranteed payment.

1. Letter of Credit Number and Date: Unique identification number and issuance date of the Letter of Credit

2. Issuing Bank Details: Complete name, address, and SWIFT code of the issuing bank

3. Beneficiary Information: Full name and address of the party receiving the letter of credit

4. Applicant Information: Full name and address of the party requesting the letter of credit

5. Amount and Currency: Credit amount in figures and words, including currency specification

6. Expiry Date and Place: Clear statement of when and where the credit expires

7. Available With/By: Specification of payment terms and method (sight, deferred payment, etc.)

8. Payment Terms: Detailed conditions under which payment will be made

9. Shipment Terms: Latest shipment date and any partial shipment/transhipment conditions

10. Description of Goods/Services: Brief description of the underlying transaction

11. Governing Law and Jurisdiction: Statement of applicable law (Swiss) and jurisdiction