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.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
Alternatively...
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
1. Description of Goods/Services: Detailed description of the underlying goods or services when required by the applicant or beneficiary
2. Bank-to-Bank Reimbursement Instructions: Include when the credit involves reimbursement between banks
3. Special Payment Conditions: Include when there are specific conditions for partial payments or installments
4. Transfer Restrictions Notice: Additional emphasis on non-transferability when dealing with high-risk transactions
5. Confirmation Instructions: Include when confirmation by another bank is requested
6. Foreign Exchange Provisions: Include when the credit involves currency conversion or specific exchange rate requirements
1. Schedule A - Document Requirements: Detailed checklist of required documents and their specific requirements
2. Schedule B - Payment Schedule: If payments are to be made in installments or against partial shipments
3. Appendix 1 - Standard Document Formats: Templates or formats for specific documents required under the Letter of Credit
4. Appendix 2 - Bank Contact Details: Complete contact information for all banks involved in the transaction
5. Appendix 3 - UCP 600 Relevant Articles: Specific UCP 600 articles particularly relevant to this Letter of Credit
Authors
Find the document you need
Letter Of Credit In International Trade
A Swiss-law governed Letter of Credit providing secure payment mechanism for international trade transactions, backed by Switzerland's robust banking framework and UCP 600 guidelines.
Download
Banker's Usance Lc
A Swiss law-governed Letter of Credit providing deferred payment terms in international trade, combining local banking regulations with UCP 600 rules.
Download
Irrevocable Non Transferable Letter Of Credit
A Swiss-law governed banking instrument providing an irrevocable and non-transferable payment guarantee in international trade, backed by Switzerland's robust banking regulations.
Download
Letter Of Credit 60 Days
A Swiss law-governed Letter of Credit providing 60-day deferred payment terms for international trade transactions, incorporating UCP 600 rules.
Download
Fronting Letter Of Credit
A Swiss law-governed banking instrument where a bank issues a letter of credit on behalf of another bank, guaranteeing payment subject to specified conditions.
Download
Divisible Letter Of Credit
A Swiss law-governed banking instrument enabling partial payments against partial shipments in international trade, compliant with UCP 600 and Swiss banking regulations.
Download
Credit Cancellation Letter
A formal notice under Swiss law to terminate a credit facility or loan agreement, including essential details for credit cancellation and settlement terms.
Download
Cash Backed Letter Of Credit
Swiss law agreement for cash-backed letter of credit facility, detailing collateral requirements and LC terms under Swiss banking regulations.
Download
Blockchain Letter Of Credit
A Swiss law-governed Letter of Credit implemented through blockchain technology, combining traditional trade finance with smart contract automation.
Download
Beneficiary Certificate Letter Of Credit
A Swiss-law governed certification document issued by beneficiaries confirming compliance with Letter of Credit terms, essential for international trade finance transactions.
Download
Letter For Credit Terms
A Swiss law-governed formal banking document that outlines approved credit terms and conditions between a bank and a business entity.
Download
Letter Of Credit Facility Agreement
A Swiss law-governed agreement establishing terms for a bank to issue Letters of Credit, detailing facility limits, fees, and operational procedures.
Download
Irrevocable Letter Of Credit
A Swiss law-governed banking instrument that provides an irrevocable payment guarantee in international trade transactions, subject to document compliance.
Download
Confirmed Irrevocable Letter Of Credit
A Swiss law-governed banking instrument providing dual-bank payment guarantee in international trade, combining local Swiss banking regulations with international UCP 600 rules.
Download
Import Letter Of Credit
A Swiss-governed banking instrument that provides payment security in international trade transactions, issued by a Swiss bank to guarantee payment to an exporter upon compliance with specified conditions.
Download
Irrevocable Transferable Lc
A Swiss law-governed irrevocable and transferable Letter of Credit providing secured payment commitment in international trade with transfer rights to another beneficiary.
Download
At Sight Lc
A Swiss law-governed Letter of Credit providing immediate payment upon presentation of compliant documents, commonly used in international trade finance.
Download
Standby Letter Of Credit
A Swiss law-governed bank undertaking to pay a beneficiary upon documented non-performance of specified obligations by an applicant.
Download
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your data is private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
