The Negotiable LC is a critical document in international trade finance, particularly useful when parties require both payment security and transferability of rights. This document type is commonly used when the beneficiary may need to transfer their rights or negotiate the credit with other banks, especially in complex trade transactions or supply chain arrangements. Under Danish law, the document must comply with local banking regulations and the Danish Financial Business Act, while also adhering to international standards such as UCP 600. The Negotiable LC provides more flexibility than a straight LC, making it particularly valuable in transactions involving intermediaries or where the beneficiary requires pre-shipment financing options. It includes detailed specifications for document presentation, payment terms, and transfer conditions, all structured within the Danish legal framework.
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:
Negotiable Lc
Need to draft a Negotiable LC for a Danish textile manufacturer exporting goods worth EUR 500,000 to Vietnam, with a requirement for bank confirmation and partial shipments allowed, expiring March 15, 2025.
1. Letter of Credit Number and Date: Unique identification number and issuance date of the LC
2. Parties: Details of all involved parties: issuing bank, applicant (buyer), beneficiary (seller), and advising bank
3. Amount and Currency: Specification of credit amount and currency, including words and figures
4. Type of Credit: Specification that this is a negotiable letter of credit and its characteristics
5. Available With/By: Terms of availability and method of payment (negotiation, acceptance, etc.)
6. Expiry Date and Place: Clear statement of when and where the credit expires
7. Shipment Terms: Latest shipment date and delivery terms according to Incoterms
8. Document Requirements: Detailed list of required documents for negotiation
9. Goods Description: Brief but clear description of the goods/services covered
10. Presentation Period: Time period within which documents must be presented
11. Partial Shipments/Transhipment: Whether these are allowed or prohibited
12. Governing Law and Jurisdiction: Specification of Danish law and jurisdiction
13. UCP 600 Declaration: Statement that the LC is subject to UCP 600
1. Transfer Conditions: Include when the LC needs to be transferable to a second beneficiary
2. Red Clause Provisions: Include when advance payment to the beneficiary is permitted
3. Back-to-Back Arrangements: Include when the LC supports a back-to-back credit structure
4. Revolving Terms: Include when the LC is revolving (automatically reinstated)
5. Confirmation Instructions: Include when confirmation by another bank is required
6. Special Payment Conditions: Include for deferred payment terms or special payment arrangements
7. Reimbursement Instructions: Include when specific reimbursement arrangements are needed
8. Green Clause Provisions: Include when storage of goods is involved with advance payment
1. Schedule A - Commercial Invoice Requirements: Detailed requirements for the commercial invoice format and content
2. Schedule B - Transport Document Requirements: Specific requirements for bills of lading or other transport documents
3. Schedule C - Insurance Document Requirements: Details of required insurance coverage and document format
4. Schedule D - Product Specifications: Detailed technical specifications of the goods
5. Schedule E - Inspection Certificate Requirements: Requirements for pre-shipment inspection and certification
6. Appendix 1 - Bank SWIFT Codes: List of relevant SWIFT codes for all banks involved
7. Appendix 2 - Document Presentation Checklist: Checklist for beneficiary's document preparation
8. Appendix 3 - Special Instructions: Any additional special instructions or requirements
Authors
Relevant legal definitions
Advising Bank
Applicant
Banking Day
Beneficiary
Bill of Exchange
Complying Presentation
Confirmation
Confirming Bank
Credit
Danish Business Day
Discrepancy
Documents
Draft
Expiry Date
Honour
Issuing Bank
Letter of Credit
Negotiating Bank
Negotiation
Nomination
Presentation
Presenter
Reimbursing Bank
Shipping Documents
SWIFT
Transfer
Transferable Credit
UCP 600
Underlying Transaction
Banking Hours
Sight Payment
Deferred Payment
Force Majeure
Governing Law
Incoterms
Original Documents
Payment Undertaking
Place for Presentation
Reasonable Time
Required Documents
Applicant
Banking Day
Beneficiary
Bill of Exchange
Complying Presentation
Confirmation
Confirming Bank
Credit
Danish Business Day
Discrepancy
Documents
Draft
Expiry Date
Honour
Issuing Bank
Letter of Credit
Negotiating Bank
Negotiation
Nomination
Presentation
Presenter
Reimbursing Bank
Shipping Documents
SWIFT
Transfer
Transferable Credit
UCP 600
Underlying Transaction
Banking Hours
Sight Payment
Deferred Payment
Force Majeure
Governing Law
Incoterms
Original Documents
Payment Undertaking
Place for Presentation
Reasonable Time
Required Documents
Clauses
Credit Amount and Currency
Availability and Expiry
Document Requirements
Negotiation Terms
Transfer Rights
Payment Terms
Document Examination
Bank Obligations
Applicant Obligations
Beneficiary Rights
Presentation Requirements
Shipping Terms
Insurance Requirements
Force Majeure
Governing Law
Jurisdiction
Amendment Procedures
Discrepancy Handling
Reimbursement Terms
Bank Charges
Confirmation Terms
Communication Methods
Default Provisions
Sanctions Compliance
Anti-Money Laundering
Dispute Resolution
Notice Requirements
Document Release
Acceptance Terms
Assignment Rights
Availability and Expiry
Document Requirements
Negotiation Terms
Transfer Rights
Payment Terms
Document Examination
Bank Obligations
Applicant Obligations
Beneficiary Rights
Presentation Requirements
Shipping Terms
Insurance Requirements
Force Majeure
Governing Law
Jurisdiction
Amendment Procedures
Discrepancy Handling
Reimbursement Terms
Bank Charges
Confirmation Terms
Communication Methods
Default Provisions
Sanctions Compliance
Anti-Money Laundering
Dispute Resolution
Notice Requirements
Document Release
Acceptance Terms
Assignment Rights
Relevant Industries
Banking and Financial Services
International Trade
Manufacturing
Import/Export
Shipping and Logistics
Commodities Trading
Retail
Wholesale
Agriculture
Energy
Construction
Heavy Industry
Textile Industry
Chemical Industry
Relevant Teams
Trade Finance
International Banking
Documentary Credits
Global Transaction Banking
Credit Risk
Trade Operations
Treasury
Banking Operations
Legal and Compliance
Commercial Banking
Trade Solutions
Export Finance
Import Finance
Relevant Roles
Trade Finance Manager
International Banking Officer
Documentary Credits Specialist
Export Finance Manager
Import Finance Manager
Treasury Manager
Trade Operations Manager
Credit Risk Officer
Global Transaction Banking Officer
Trade Solutions Advisor
Commercial Banking Manager
International Trade Specialist
Letter of Credit Officer
Trade Compliance Officer
Banking Operations Manager
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.