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1. Parties: Identification of the applicant (buyer), beneficiary (seller), and issuing bank
2. Reference to Underlying Transaction: Details of the commercial contract or purchase order for which the LC is being issued
3. Definitions: Key terms used in the LC including banking terms, documentary requirements, and specific transaction-related definitions
4. LC Amount and Currency: Specification of the advance payment amount, currency, and total LC value
5. Validity Period: Effective date and expiry date of the LC
6. Documentary Requirements: List of required documents for LC utilization including advance payment guarantee, commercial documents, and shipping documents
7. Payment Terms: Conditions for release of advance payment and subsequent payments
8. Bank Charges: Allocation of banking fees and charges between parties
9. Governing Law and Jurisdiction: Specification of German law as governing law and jurisdiction for disputes
1. Partial Shipments/Drawings: Include when multiple shipments or drawings are permitted under the LC
2. Transhipment Conditions: Include when goods require transhipment during transportation
3. Green Clause: Include when advance payment is to be made against warehouse receipts
4. Force Majeure Provisions: Include when specific force majeure circumstances need to be addressed
5. Insurance Requirements: Include when specific insurance coverage is required for the advance payment
6. Transfer Rights: Include when the LC needs to be transferable to other beneficiaries
7. Back-to-Back LC Provisions: Include when back-to-back LC arrangements are permitted
1. Schedule 1 - Form of Advance Payment Guarantee: Template of the required advance payment guarantee from beneficiary's bank
2. Schedule 2 - Documentary Requirements Checklist: Detailed list of required documents and their specific requirements
3. Schedule 3 - Payment Schedule: Breakdown of advance payment and subsequent payment milestones
4. Appendix A - Specimen Signatures: Authorized signatures for the parties involved
5. Appendix B - Form of Demand Letter: Template for making drawings under the LC
6. Appendix C - Form of Commercial Invoice: Prescribed format for commercial invoices under the LC
Advance Payment Terms
Documentary Requirements
Payment Conditions
Bank Obligations
Presentation Requirements
Expiry and Validity
Force Majeure
Governing Law and Jurisdiction
Bank Charges
Amendment Conditions
Transfer Rights
Notice Requirements
Default Events
Refund Obligations
Document Examination
Compliance Requirements
Dispute Resolution
Anti-Money Laundering
Sanctions Compliance
Confidentiality
Assignment
Representations and Warranties
Counter-Guarantee Requirements
Shipping Terms
Insurance Requirements
Communication Methods
UCP 600 Application
Language and Interpretation
Severability
Manufacturing
Construction
Heavy Industry
Infrastructure
Energy & Utilities
International Trade
Capital Equipment
Aerospace & Defense
Shipping & Maritime
Industrial Engineering
Mining & Resources
Renewable Energy
Legal
Finance
Treasury
International Trade
Procurement
Commercial
Risk Management
Banking Relations
Supply Chain
Project Management
Documentary Credits
Trade Operations
Trade Finance Manager
International Business Development Manager
Procurement Director
Treasury Manager
Contract Manager
Financial Controller
Import/Export Manager
Commercial Director
Supply Chain Manager
Project Finance Manager
Banking Relations Manager
Chief Financial Officer
Documentary Credits Specialist
International Sales Manager
Risk Manager
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