A Letter of Credit Amendment is essential when parties need to modify the terms of an existing Letter of Credit due to changing business circumstances or requirements. This document is commonly used in international trade transactions where the original Letter of Credit terms need adjustment, such as extending validity periods, modifying amounts, or changing documentary requirements. Operating under Danish jurisdiction, it must comply with the Danish Financial Business Act and relevant EU regulations while following international banking standards (UCP 600). The amendment becomes effective only upon agreement by all relevant parties and typically includes specific references to the original Letter of Credit, detailed changes being made, and confirmation of unchanged terms. This document type is crucial for maintaining flexibility in international trade financing while ensuring legal compliance and protection for all parties involved.
Create a bespoke document in minutes, or upload and review your own.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Key Requirements PROMPT example:
Letter Of Credit Amendment
I need a Letter of Credit Amendment to increase the credit amount from EUR 500,000 to EUR 750,000 and extend the expiry date to March 15, 2025, for our ongoing machinery import transaction with a Danish supplier.
1. Letter of Credit Reference Details: Original LC number, date of issuance, and issuing bank details
2. Beneficiary and Applicant Information: Complete names and addresses of both the beneficiary and applicant
3. Amendment Number: Sequential number of the amendment
4. Specific Amendments: Clear articulation of exact changes being made to the original LC, with before and after statements
5. All Other Terms and Conditions: Statement confirming all other terms and conditions remain unchanged
6. Amendment Fees: Details of any fees associated with the amendment and responsibility for payment
7. Effective Date: When the amendment becomes effective and any conditions precedent
1. Expiry Date Extension: Include when the amendment involves changing the expiry date of the LC
2. Amount Modification: Include when changing the LC amount, showing both original and new amounts
3. Document Requirement Changes: Include when modifying required documentation or presentation terms
4. Shipping Terms Modification: Include when changing any shipping-related terms or dates
5. Partial Shipment/Transhipment Changes: Include when modifying terms related to partial shipments or transhipment
6. Bank Instructions: Include when specific instructions for advising or confirming banks are needed
1. Original Letter of Credit: Copy of the original LC being amended (usually attached for reference)
2. Previous Amendments: Copies of any previous amendments to the LC (if applicable)
3. Modified Documents: Revised versions of any documents affected by the amendment
4. Fee Schedule: Detailed breakdown of amendment fees and charges (if applicable)
Authors
Relevant legal definitions
Amendment
Original Letter of Credit
Issuing Bank
Applicant
Beneficiary
Advising Bank
Banking Day
Effective Date
Expiry Date
Amendment Fee
Original Amount
Amended Amount
Presentation
Documents
UCP 600
Credit
Confirmation
Nominated Bank
Place of Expiry
Terms and Conditions
Reimbursing Bank
Place of Presentation
Amendment Number
Original Terms
Modified Terms
Governing Law
Jurisdiction
Original Letter of Credit
Issuing Bank
Applicant
Beneficiary
Advising Bank
Banking Day
Effective Date
Expiry Date
Amendment Fee
Original Amount
Amended Amount
Presentation
Documents
UCP 600
Credit
Confirmation
Nominated Bank
Place of Expiry
Terms and Conditions
Reimbursing Bank
Place of Presentation
Amendment Number
Original Terms
Modified Terms
Governing Law
Jurisdiction
Clauses
Amendment Identification
Reference to Original LC
Modification Details
Fees and Charges
Effectiveness
Governing Law
Banking Instructions
Document Requirements
Expiry Terms
Amount Modification
Shipment Terms
Presentation Terms
Bank Obligations
Notices
Confirmation Requirements
Authority
Acceptance
Compliance
Anti-Money Laundering
Sanctions
Reference to Original LC
Modification Details
Fees and Charges
Effectiveness
Governing Law
Banking Instructions
Document Requirements
Expiry Terms
Amount Modification
Shipment Terms
Presentation Terms
Bank Obligations
Notices
Confirmation Requirements
Authority
Acceptance
Compliance
Anti-Money Laundering
Sanctions
Relevant Industries
Banking & Financial Services
International Trade
Import/Export
Manufacturing
Commodities Trading
Shipping & Logistics
Retail
Agriculture
Energy
Construction
Heavy Industry
Relevant Teams
Trade Finance
International Banking
Documentary Credits
Treasury
Risk Management
Compliance
Legal
Finance
International Trade Operations
Banking Operations
Credit Administration
Relevant Roles
Trade Finance Manager
International Banking Officer
Documentary Credits Specialist
Trade Operations Manager
Import/Export Manager
Treasury Manager
Credit Risk Officer
Compliance Officer
Trade Finance Lawyer
Banking Relationship Manager
Chief Financial Officer
Finance Director
International Trade Specialist
Banking Operations Manager
Documentary Collections Officer
Find the exact document you need
Lc Guarantee
A Danish law-governed bank guarantee document providing financial security in international trade transactions, incorporating local and EU banking regulations.
find out more
Revocable Lc
A Danish law-governed banking instrument that provides a revocable payment guarantee in international trade, subject to specified conditions and documentation requirements.
find out more
Letter Of Credit Project (Finance)
A Danish law-governed document establishing terms for a project finance letter of credit facility, incorporating local regulations and international banking standards.
find out more
Irrevocable Unconfirmed Letter Of Credit
An Irrevocable Unconfirmed Letter of Credit under Danish law, providing a secure payment mechanism for international trade with a single bank's payment guarantee.
find out more
Lc Agreement
Danish-law governed Letter of Credit Agreement establishing terms for documentary credits, incorporating UCP 600 rules and Danish financial regulations.
find out more
Standby Guarantee
A Danish law-governed bank guarantee instrument providing financial security through an independent payment undertaking upon documented default of specified obligations.
find out more
Letter Of Credit Fee
A Danish law-governed agreement establishing fees and payment terms for Letter of Credit services between a bank and its business clients.
find out more
Cash Collateralized Letter Of Credit
Danish law-governed agreement for a Cash Collateralized Letter of Credit, establishing terms for cash security, drawing conditions, and parties' rights and obligations.
find out more
Advance Payment Lc
A Danish law-governed financial instrument that secures advance payments in international trade by providing bank-guaranteed protection for buyer's prepayments to sellers.
find out more
Negotiable Lc
A Danish law-governed Negotiable Letter of Credit providing secure, transferable payment guarantee in international trade, following UCP 600 rules and Danish banking regulations.
find out more
Letter Of Credit Available With
A Danish law-governed Letter of Credit document that enables payment through nominated banks, combining local regulations with UCP 600 standards for international trade financing.
find out more
Recourse Letter Of Credit
A Danish law-governed banking instrument providing payment security in international trade with full recourse rights against the applicant.
find out more
Letter Of Credit 60 Days
A Danish law-governed Letter of Credit providing 60-day deferred payment terms for international trade transactions, incorporating both Danish and EU regulatory requirements.
find out more
Letter Of Credit 30 Days
A Danish law-governed banking instrument that guarantees payment to a seller within 30 days upon presentation of compliant trade documents.
find out more
Green Letter Of Credit
A Danish law-governed Letter of Credit that includes specific environmental and sustainability requirements, combining traditional trade finance security with green compliance standards.
find out more
Digital Letter Of Credit
A Danish law-governed digital financial instrument that provides secure payment assurance in international trade through electronic documentation and verification systems.
find out more
Trade Finance Letter Of Credit
A Danish law-governed bank guarantee ensuring secure payment in international trade transactions, subject to specified document requirements and compliance with UCP 600.
find out more
Unconditional Letter Of Credit
A Danish law-governed bank guarantee providing unconditional payment commitment to a beneficiary, typically used in international trade transactions.
find out more
Syndicated Letter Of Credit
Danish law-governed agreement establishing a multi-bank letter of credit facility with shared risk and funding obligations among syndicate members.
find out more
Structured Letter Of Credit
A Danish law-governed banking instrument providing secured payment commitment in international trade, combining local financial regulations with UCP 600 standards.
find out more
Revolving Letter Of Credit
Danish law-governed Revolving Letter of Credit establishing terms for recurring trade finance between parties, with automatic renewal features.
find out more
Operative Letter Of Credit
A Danish law-governed banking instrument that provides payment security in international trade through an irrevocable undertaking by a bank to pay against compliant documents.
find out more
Letter Of Credit Loc
A Danish-law governed Letter of Credit providing payment security in international trade, combining local regulations with UCP 600 standards.
find out more
Letter Of Credit Amendment
A Danish law-governed document modifying terms of an existing Letter of Credit, compliant with both Danish financial regulations and international banking practices.
find out more
Issuing Bank Letter Of Credit
A Danish law-governed bank document guaranteeing payment in international trade transactions, subject to specified conditions and document presentation.
find out more
Fronting Fee Letter Of Credit
A Danish law-governed document establishing fronting fee arrangements and payment terms for letter of credit services provided by a fronting bank.
find out more
Fixed Letter Of Credit
A Danish law-governed banking instrument that provides a fixed, irrevocable payment guarantee in international trade transactions, subject to document compliance.
find out more
Direct Letter Of Credit
A Danish law-governed financial instrument issued by a bank guaranteeing payment in international trade transactions, subject to document compliance.
find out more
Commercial Letter Of Credit
A Danish law-governed bank guarantee ensuring secure payment in international trade, issued by a bank to a seller on behalf of a buyer, subject to specified documentary conditions.
find out more
Bond Letter Of Credit
A Danish law-governed financial instrument combining bond security with documentary credit features, providing payment guarantee for bond-related obligations.
find out more
Advised Letter Of Credit
A Danish law-governed banking instrument where an advising bank verifies and communicates a letter of credit's authenticity to the beneficiary, facilitating secure international trade transactions.
find out more
Credit Rejection Letter
A legally compliant Danish financial institution letter informing applicants of credit application rejection, including decision rationale and next steps.
find out more
Usance Lc
A Danish law-governed Usance Letter of Credit providing deferred payment terms for international trade transactions, combining local legal requirements with international banking standards.
find out more
Transferable Lc
A Danish law-governed transferable letter of credit that enables the transfer of rights to second beneficiaries while ensuring secure payment in international trade transactions.
find out more
Letter Of Credit Facility Agreement
A Danish law-governed agreement establishing terms for a bank to issue letters of credit on behalf of a corporate borrower, subject to Danish banking regulations and UCP 600.
find out more
Deferred Lc
Danish law-governed Deferred Letter of Credit agreement establishing terms for future payment commitment in international trade transactions.
find out more
Bank Guarantee Letter Of Credit
A Danish law-governed bank document that guarantees payment in international trade transactions upon presentation of specified documents.
find out more
Documentary Letter Of Credit
A bank-issued payment guarantee document governed by Danish law, providing security in international trade transactions through documentary requirements.
find out more
Confirmed Lc
A Danish law-governed banking instrument providing dual-bank payment guarantee in international trade, combining local regulations with international banking practices.
find out more
Confirmed Irrevocable Letter Of Credit
A Danish law-governed financial instrument providing dual-bank payment guarantee in international trade, offering irrevocable commitment and enhanced security through bank confirmation.
find out more
Acceptance Lc
A Danish law-governed banking instrument that guarantees future payment to a seller through bank acceptance of time drafts under UCP 600 rules.
find out more
Import Letter Of Credit
A Danish law-governed bank undertaking to pay a seller against compliant presentation of specified trade documents, operating under UCP 600 rules.
find out more
Letter Of Credit Agreement
Danish law-governed agreement establishing terms for issuing letters of credit, combining local regulations with international banking practices.
find out more
Irrevocable Transferable Lc
A Danish law-governed banking instrument that provides an irrevocable payment commitment in international trade, with the ability to transfer rights to secondary beneficiaries.
find out more
Export Letter Of Credit
A Danish law-governed financial instrument that provides payment security in international trade through bank-guaranteed payment against compliant document presentation.
find out more
At Sight Lc
A Danish law-governed Letter of Credit providing immediate payment upon presentation of compliant documents, following UCP 600 rules and Danish banking regulations.
find out more
Payment Guarantee Letter To Supplier
A Danish law-governed financial instrument where a guarantor commits to ensure payment to a supplier if the buyer defaults on their payment obligations.
find out more
Lc Letter Of Credit
A Danish law-governed bank-issued payment guarantee instrument for international trade transactions, combining local regulations with UCP 600 rules.
find out more
Credit Facility Letter
A Danish law-governed document issued by a financial institution detailing the terms and conditions of an approved credit facility, serving as a formal offer and binding agreement once accepted.
find out more
Performance Letter Of Guarantee
A Danish law-governed bank guarantee ensuring a party's performance obligations, providing financial security to the beneficiary if the principal fails to meet contractual commitments.
find out more
Standby Letter Of Credit
A Danish law-governed bank guarantee instrument providing payment security upon specified default events, following Danish banking regulations and international standards.
find out more
Evergreen Letter Of Credit
A Danish law-governed automatically renewing Letter of Credit that provides continuous payment security in international trade transactions.
find out more
Irrevocable Standby Letter Of Credit
A Danish law-governed banking instrument providing an irrevocable payment guarantee, combining local financial regulations with international banking practices.
find out more
Irrevocable Letter Of Guarantee
A Danish law-governed bank guarantee providing irrevocable assurance of payment to a beneficiary upon specified conditions.
find out more
Bank Guarantee Letter
A Danish law-governed financial instrument where a bank guarantees payment to a beneficiary on behalf of its client, subject to specified terms and conditions.
find out more
Download our whitepaper on the future of AI in Legal
By providing your email address you are consenting to our Privacy Notice.
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are 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
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our Trust Centre for more details and real-time security updates.
Read our Privacy Policy.