An Irrevocable Non-Transferable Letter of Credit is a crucial financial instrument used in international trade transactions where parties seek secure payment arrangements. This document type is particularly relevant when dealing with cross-border transactions involving Swiss banks or parties requiring the security of Swiss banking laws. The letter of credit provides an irrevocable commitment from the issuing bank to pay the beneficiary upon presentation of compliant documents, while its non-transferable nature ensures that payment rights cannot be assigned to third parties. Under Swiss jurisdiction, these instruments are governed by the Federal Banking Act and related regulations, often incorporating UCP 600 rules, making them particularly attractive for high-value international transactions where payment security is paramount. The document typically includes detailed specifications about payment conditions, required documentation, shipment terms, and compliance requirements.

1. Issuing Bank Details: Complete name, address, and reference numbers of the issuing bank

2. Date and Place of Issue: The date and location where the Letter of Credit is issued

3. Letter of Credit Number: Unique identification number assigned to this Letter of Credit

4. Applicant Details: Full name, address, and contact information of the party requesting the Letter of Credit

5. Beneficiary Details: Full name, address, and contact information of the party in whose favor the Letter of Credit is issued

6. Currency and Amount: The currency and amount for which the Letter of Credit is issued, in both figures and words

7. Expiry Date and Place: The date and place where the Letter of Credit expires

8. Form of Credit: Clear statement that this is an irrevocable and non-transferable Letter of Credit

9. Available With/By: Specification of how and where the credit is available (payment, acceptance, negotiation)

10. Required Documents: Detailed list of documents that must be presented for payment

11. Shipment Terms: Details of shipment including latest shipment date, partial shipments, and transhipment conditions

12. Document Presentation Period: Time period within which documents must be presented after shipment

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

14. UCP 600 Declaration: Statement that the Letter of Credit is subject to UCP 600