Lease Letter Of Credit Template for Hong Kong

1. Transferability Clause: Include when the LC needs to be transferable to another beneficiary

2. Partial Drawings: Include when partial drawings are to be allowed under the LC

3. Auto-Extension Clause: Include when the LC should automatically extend beyond its initial expiry date

4. Multiple Property Schedule: Include when the LC covers multiple properties under the same lease

5. Special Drawing Conditions: Include when there are specific or unusual conditions for drawing on the LC

6. Bank Branch Restrictions: Include when drawings are restricted to specific bank branches

7. Force Majeure Provisions: Include when specific force majeure events need to be addressed

1. Schedule A - Property Details: Detailed description of the leased property including address, floor area, and any specific identifiers

2. Schedule B - Lease Payment Schedule: Detailed schedule of lease payments covered by the LC

3. Schedule C - Required Documents Format: Format and content requirements for documents to be presented for drawing

4. Appendix 1 - Drawing Request Form: Standard form for making drawing requests under the LC

5. Appendix 2 - Bank Contact Details: Contact information for relevant bank departments and officials

6. Appendix 3 - Authorization Forms: Standard forms for authorizing representatives to act on behalf of parties