An Export Letter of Credit is a fundamental document in international trade finance, particularly utilized when conducting cross-border transactions from Switzerland. This document type is essential when exporters require a secure payment guarantee from a reputable banking institution before shipping goods to overseas buyers. The Export Letter of Credit, governed by Swiss law, incorporates both local banking regulations and international trade practices, providing a balanced framework that protects both exporters' and importers' interests. It specifies critical elements including payment terms, documentation requirements, shipping conditions, and compliance standards, while adhering to Swiss federal banking laws and international UCP 600 guidelines. This instrument is particularly valuable in situations where parties are engaging in new business relationships or when dealing with high-value transactions that require additional security measures.
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1. Letter of Credit Number and Date: Unique identification number and issuance date of the LC
2. Applicant Details: Full name, address, and contact information of the importing party requesting the LC
3. Beneficiary Details: Full name, address, and contact information of the exporting party in whose favor the LC is issued
4. Issuing Bank Details: Name and address of the bank issuing the LC
5. Amount and Currency: The credit amount and currency of payment
6. Expiry Date and Place: The date and location where the LC expires
7. Available With/By: The bank with which the credit is available and the manner of availability (sight, deferred payment, etc.)
8. Partial Shipments/Transhipment: Whether partial shipments or transhipment is allowed or prohibited
9. Loading/Dispatch From: Port of loading or place of dispatch
10. Delivery To: Port of discharge or final destination
11. Latest Date of Shipment: Final date by which goods must be shipped
12. Description of Goods: Detailed description of the merchandise being traded
13. Required Documents: List of documents required for presentation
14. Additional Conditions: Any special conditions or requirements specific to this LC
15. Charges: Details of banking charges and who bears them
1. Advising Bank Details: Details of the bank advising the credit, used when there's an intermediary bank
2. Confirmation Instructions: Instructions regarding confirmation, used when confirmation is requested from another bank
3. Reimbursing Bank: Details of the reimbursing bank, used in cases involving inter-bank reimbursement
4. Insurance Coverage: Specific insurance requirements, used when insurance is to be arranged by a particular party
5. Special Payment Conditions: Used when there are specific payment terms like red clause or green clause provisions
6. Transfer Conditions: Used when the LC is transferable to specify transfer terms
7. Back-to-Back Provisions: Used in back-to-back LC arrangements
8. Revolving Credit Terms: Used when the LC is revolving to specify reinstatement terms
1. Commercial Invoice Template: Prescribed format for the commercial invoice
2. Packing List Requirements: Detailed specifications for the packing list
3. Transport Document Requirements: Specific requirements for bills of lading or other transport documents
4. Insurance Document Requirements: Format and coverage requirements for insurance documents
5. Certificate of Origin Requirements: Specifications for origin certification
6. Inspection Certificate Requirements: Requirements for pre-shipment inspection certificates
7. Bank Draft Format: Template for any required bank drafts
8. Amendment Request Form: Standard form for requesting amendments to the LC
Relevant legal definitions
Advising Bank
Applicant
Banking Day
Beneficiary
Bill of Exchange
Bill of Lading
Clean Collection
Collection
Collecting Bank
Commercial Invoice
Confirming Bank
Credit
Documentary Collection
Documents Against Acceptance
Documents Against Payment
Draft
Expiry Date
Force Majeure
Goods
Incoterms
Issuing Bank
Letter of Credit
Negotiating Bank
Negotiation
Non-Documentary Conditions
Notification
Original Documents
Packing List
Partial Shipment
Payment Terms
Presentation
Presenting Bank
Reimbursing Bank
Remitting Bank
Sight Payment
Transhipment
Transport Documents
UCP 600
Undertaking
Usance
Applicant
Banking Day
Beneficiary
Bill of Exchange
Bill of Lading
Clean Collection
Collection
Collecting Bank
Commercial Invoice
Confirming Bank
Credit
Documentary Collection
Documents Against Acceptance
Documents Against Payment
Draft
Expiry Date
Force Majeure
Goods
Incoterms
Issuing Bank
Letter of Credit
Negotiating Bank
Negotiation
Non-Documentary Conditions
Notification
Original Documents
Packing List
Partial Shipment
Payment Terms
Presentation
Presenting Bank
Reimbursing Bank
Remitting Bank
Sight Payment
Transhipment
Transport Documents
UCP 600
Undertaking
Usance
Clauses
Payment Terms
Document Presentation
Expiry and Validity
Amendment
Force Majeure
Assignment
Applicable Law
Documentary Requirements
Bank Obligations
Shipping Terms
Insurance Requirements
Compliance Requirements
Description of Goods
Credit Amount
Bank Charges
Partial Shipments
Transhipment
Late Shipment
Discrepancy Handling
Notice Requirements
Confirmation
Transfer Rights
Reimbursement
Default
Jurisdiction
Sanctions and Anti-Money Laundering
Document Examination
Time Limits
Bank Communications
Disclaimers and Limitations
Document Presentation
Expiry and Validity
Amendment
Force Majeure
Assignment
Applicable Law
Documentary Requirements
Bank Obligations
Shipping Terms
Insurance Requirements
Compliance Requirements
Description of Goods
Credit Amount
Bank Charges
Partial Shipments
Transhipment
Late Shipment
Discrepancy Handling
Notice Requirements
Confirmation
Transfer Rights
Reimbursement
Default
Jurisdiction
Sanctions and Anti-Money Laundering
Document Examination
Time Limits
Bank Communications
Disclaimers and Limitations
Relevant Industries
Banking and Financial Services
International Trade
Manufacturing
Agriculture and Food
Textiles and Apparel
Chemical and Pharmaceuticals
Machinery and Equipment
Consumer Goods
Automotive
Electronics
Commodities Trading
Logistics and Transportation
Relevant Teams
Legal
Finance
International Trade Operations
Treasury
Risk Management
Compliance
Documentary Credits
Trade Finance
Export Operations
Banking Relations
Supply Chain
Relevant Roles
Trade Finance Manager
Export Manager
International Sales Director
Documentation Officer
Compliance Officer
Credit Controller
Banking Relationship Manager
Legal Counsel
Treasury Manager
Trade Operations Manager
Supply Chain Manager
Chief Financial Officer
International Business Development Manager
Risk Manager
Documentary Credits Specialist
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