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1. Parties: Identification of all parties involved: the applicant, beneficiary, issuing bank, and any confirming or advising banks
2. Background: Context of the LC financing arrangement, including the underlying commercial transaction
3. Definitions: Key terms used throughout the agreement, including banking, financial, and trade-specific terminology
4. LC Amount and Currency: Specification of the credit amount, currency, and any tolerance levels
5. Term and Availability: Duration of the LC, expiry date, and place of expiry
6. Drawing Conditions: Required documents and conditions for drawing under the LC
7. Payment Terms: Payment structure, timing, and method of reimbursement
8. Fees and Charges: All applicable fees, commissions, and charges
9. Bank's Rights and Obligations: Scope of the bank's responsibilities and authorities
10. Applicant's Undertakings: Key obligations and representations of the LC applicant
11. Events of Default: Circumstances constituting default and consequences
12. Governing Law and Jurisdiction: Confirmation of German law application and jurisdiction
1. Transferability: Include when the LC may be transferred to another beneficiary
2. Back-to-Back LC Provisions: Required when dealing with back-to-back LC arrangements
3. Security Arrangements: Include when additional security or collateral is required
4. Insurance Requirements: Necessary when specific insurance coverage is mandatory
5. Tax Provisions: Include when specific tax considerations need to be addressed
6. Foreign Exchange Provisions: Required when dealing with multiple currencies or exchange rate mechanisms
7. Sanctions Compliance: Include when transactions involve international trade requiring specific compliance measures
1. Schedule 1 - Form of LC Application: Standard form for LC application with all required fields
2. Schedule 2 - Required Documents: Detailed list of required documents and their specifications
3. Schedule 3 - Fee Schedule: Comprehensive breakdown of all fees, charges, and commission rates
4. Schedule 4 - Standard Drawing Certificate: Template for drawing certificate if required
5. Appendix A - UCP 600 Incorporation: Specific UCP 600 articles applicable to the LC
6. Appendix B - Specimen Signatures: Authorized signatures for all relevant parties
7. Appendix C - Bank's Standard Terms: General terms and conditions of the issuing bank
Advance Rate
Applicant
Available With
Banking Day
Beneficiary
Business Day
Commercial Invoice
Complying Presentation
Confirmation
Credit
Default Interest Rate
Discrepancy
Drawing
Effective Date
Events of Default
Expiry Date
Facility
Finance Documents
Finance Period
Financial Indebtedness
Force Majeure
Governing Law
Interest Period
Interest Rate
Issuing Bank
LC Application
Letter of Credit
LIBOR/EURIBOR
Margin
Material Adverse Effect
Maturity Date
Negotiation
Nominated Bank
Payment Undertaking
Presentation
Principal Amount
Reimbursement Obligation
Required Documents
Sanctions
Security
Security Period
Settlement Date
Specifications
Subsidiary
Taxes
Term
Transaction Documents
UCP 600
Underlying Transaction
Documentary Requirements
Payment Obligations
Interest and Fees
Security
Representations and Warranties
Undertakings
Events of Default
Remedies
Force Majeure
Assignment and Transfer
Confidentiality
Notices
Amendments
Set-off Rights
Tax Provisions
Sanctions Compliance
Anti-Money Laundering
Governing Law
Dispute Resolution
Severability
Entire Agreement
Counterparts
Bank's Rights and Obligations
Applicant's Obligations
Document Examination
Payment Terms
Currency Provisions
Insurance Requirements
Reimbursement Obligations
Default Interest
Bank Charges
Communications
Indemnification
Term and Termination
Banking & Financial Services
International Trade
Manufacturing
Import/Export
Logistics & Supply Chain
Retail
Commodities Trading
Construction
Energy
Agricultural Products
Industrial Equipment
Consumer Goods
Legal
Finance
Treasury
International Trade
Risk Management
Compliance
Operations
Credit
Documentary Credits
Commercial Banking
Trade Finance Manager
International Banking Officer
Corporate Finance Director
Treasury Manager
Chief Financial Officer
Import/Export Manager
Trade Operations Manager
Risk Management Officer
Commercial Banking Manager
Documentary Credits Specialist
Legal Counsel
Compliance Officer
Financial Controller
Credit Risk Manager
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