A Confirmed LC is essential in international trade transactions where additional payment security is required, particularly when dealing with unfamiliar trading partners or challenging jurisdictions. The document, governed by Indian law and international banking practices, provides enhanced security through a dual bank guarantee system. The Confirmed LC includes detailed specifications of the trade transaction, payment terms, required documentation, and conditions for payment release. It is particularly valuable when the beneficiary seeks additional assurance beyond the issuing bank's commitment, or when the issuing bank's country poses economic or political risks. The document must comply with Indian banking regulations, including RBI guidelines and FEMA requirements, while adhering to international UCP 600 standards.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. LC Number and Date: Unique identification number and issuance date of the Letter of Credit
2. Applicant Details: Complete details of the buyer/importer including name, address, and contact information
3. Beneficiary Details: Complete details of the seller/exporter including name, address, and contact information
4. Issuing Bank Details: Name and details of the bank issuing the LC
5. Confirming Bank Details: Name and details of the bank confirming the LC
6. Credit Amount and Currency: Specific amount and currency of the LC
7. Type and Form of Credit: Specification that this is a confirmed, irrevocable LC and its form (sight, deferred, etc.)
8. Expiry Date and Place: Clear statement of when and where the LC expires
9. Document Presentation Period: Timeframe within which documents must be presented
10. Shipment Terms: Details of shipment including latest shipment date and partial shipments status
11. Required Documents: Comprehensive list of documents required for LC negotiation
12. Payment Terms: Specific conditions and timing of payment
13. Bank Charges: Allocation of banking charges between parties
1. Transferability Clause: Include when the LC needs to be transferable to a third party
2. Red Clause: Include when advance payment facility is required
3. Green Clause: Include when storage facility confirmation is needed
4. Revolving Credit Terms: Include for recurring transactions with automatic reinstatement
5. Back-to-Back LC Provisions: Include when the LC is part of a back-to-back arrangement
6. Special Conditions: Any additional terms specific to the transaction
1. Schedule A - Commercial Invoice Requirements: Detailed specifications for the format and content of commercial invoices
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 specifications
4. Schedule D - Product Specifications: Detailed description of goods/services covered under the LC
5. Appendix 1 - UCP 600 References: Relevant articles of UCP 600 applicable to this LC
6. Appendix 2 - Bank Format Requirements: Specific formatting requirements for banking documents
Relevant legal definitions
Advising Bank
Applicant
Banking Day
Beneficiary
Bill of Exchange
Bill of Lading
Confirmation
Confirming Bank
Credit
Document Presentation
Documents Complying on Their Face
Draft
Expiry Date
Force Majeure
Goods
Honour
Issuing Bank
Letter of Credit
Negotiating Bank
Negotiation
Original Documents
Payment at Sight
Presentation Period
Purchase Order
Reimbursing Bank
Sales Contract
Shipment
Shipping Documents
Trade Terms
UCP 600
Underlying Transaction
Applicant
Banking Day
Beneficiary
Bill of Exchange
Bill of Lading
Confirmation
Confirming Bank
Credit
Document Presentation
Documents Complying on Their Face
Draft
Expiry Date
Force Majeure
Goods
Honour
Issuing Bank
Letter of Credit
Negotiating Bank
Negotiation
Original Documents
Payment at Sight
Presentation Period
Purchase Order
Reimbursing Bank
Sales Contract
Shipment
Shipping Documents
Trade Terms
UCP 600
Underlying Transaction
Clauses
Credit Amount and Currency
Availability and Expiry
Document Requirements
Payment Terms
Bank Charges
Force Majeure
Governing Law
Dispute Resolution
Assignment and Transfer
Amendment Procedures
Document Examination
Disclaimers and Limitations
Confirmation Terms
Presentation Requirements
Reimbursement Obligations
Compliance Requirements
Notice Requirements
Bank Communications
Fraudulent Documents
Sanctions Compliance
Anti-Money Laundering
Default Events
Severability
Entire Understanding
Availability and Expiry
Document Requirements
Payment Terms
Bank Charges
Force Majeure
Governing Law
Dispute Resolution
Assignment and Transfer
Amendment Procedures
Document Examination
Disclaimers and Limitations
Confirmation Terms
Presentation Requirements
Reimbursement Obligations
Compliance Requirements
Notice Requirements
Bank Communications
Fraudulent Documents
Sanctions Compliance
Anti-Money Laundering
Default Events
Severability
Entire Understanding
Relevant Industries
Banking and Financial Services
International Trade
Manufacturing
Import/Export
Logistics and Transportation
Commodities Trading
Retail
Agriculture
Textiles
Pharmaceuticals
Heavy Industries
Mining
Oil and Gas
Relevant Teams
Trade Finance
International Banking
Credit Risk
Legal and Compliance
Treasury Operations
Documentary Credits
Global Transaction Services
International Sales
Supply Chain Operations
Financial Control
Trade Operations
Corporate Banking
Relevant Roles
Trade Finance Manager
Import/Export Manager
International Business Development Manager
Letter of Credit Specialist
Trade Operations Officer
Credit Risk Manager
Treasury Manager
Financial Controller
Compliance Officer
Banking Operations Manager
International Sales Manager
Supply Chain Manager
Chief Financial Officer
Documentary Credit Specialist
Global Account Manager
Find the exact document you need
Marginal Deposit On Letter Of Credit
An Indian law-governed agreement establishing terms for marginal deposits required against Letters of Credit between a bank and its customer.
find out more
Loan Against Letter Of Credit
An Indian law-governed agreement for a loan facility secured against a Letter of Credit, typically used in international trade finance transactions.
find out more
LC SBLC
A bank-issued payment guarantee instrument under Indian law that provides secure payment mechanisms for international trade and financial transactions.
find out more
Lc Payment Terms In Export
A comprehensive document outlining Letter of Credit payment terms for export transactions under Indian jurisdiction, complying with FEMA and UCP 600 guidelines.
find out more
Lc Letter
A bank-issued payment guarantee document governed by Indian banking laws and UCP 600, ensuring secure international trade transactions.
find out more
Lease SBLC
An Indian law-governed agreement combining lease terms with a standby letter of credit facility, ensuring secured lease obligations through banking guarantees.
find out more
Import Export Letter Of Credit
A bank-issued payment guarantee document governed by Indian law that facilitates secure international trade transactions between importers and exporters.
find out more
Direct Pay Letter Of Credit
A banking instrument under Indian jurisdiction that provides guaranteed payment in trade transactions through bank intermediation, subject to document compliance and UCP 600 guidelines.
find out more
Cash Credit Renewal Request Letter
A formal letter used in Indian banking to request renewal of existing cash credit facilities, complying with RBI guidelines and banking regulations.
find out more
Cash Credit Account Closure Letter
Official banking document confirming the closure of a cash credit account and settlement of all dues under Indian banking regulations.
find out more
Usance Lc 90 Days
A 90-day deferred payment Letter of Credit document under Indian jurisdiction, facilitating international trade with specified payment terms and documentary requirements.
find out more
Sblc Trade (Finance)
An Indian-law governed Standby Letter of Credit (SBLC) document that serves as a bank-guaranteed payment security instrument for international trade transactions.
find out more
Personal Letter Of Credit
A bank-issued financial instrument under Indian banking regulations that guarantees payment to a beneficiary on behalf of an individual customer, subject to specified conditions.
find out more
Overrenewal Letter
A formal letter under Indian law that extends an existing contract beyond its original term, typically including modified terms or conditions.
find out more
Lc 90 Days Payment Terms
A bank-issued trade finance document under Indian jurisdiction that guarantees payment to the seller after 90 days upon presentation of compliant documents.
find out more
SBLC For Buyers Credit
An Indian law-governed bank guarantee instrument supporting buyer's credit facilities in international trade, providing payment security through bank undertaking.
find out more
Credit Letter In Business Communication
A formal business document governed by Indian law that establishes credit terms and conditions between business entities.
find out more
SBLC Transferable
An Indian law-governed Transferable Standby Letter of Credit that enables the beneficiary to transfer their drawing rights to other parties, backed by a bank's irrevocable payment undertaking.
find out more
Cash Collateralized Letter Of Credit
An Indian law-governed agreement for Cash Collateralized Letter of Credit issuance, establishing terms for LC operation and cash collateral management in compliance with RBI guidelines.
find out more
Deferred Payment Letter Of Credit
An Indian law-governed banking instrument that guarantees deferred payment to sellers in international trade transactions, subject to document compliance.
find out more
Letter To Bank For Reversal Of Amount
A formal request document used in Indian banking system to seek reversal of incorrectly processed or disputed transactions from bank accounts.
find out more
Usance Lc Discounting
An Indian law-governed agreement between a bank and LC beneficiary for discounting a Usance Letter of Credit, specifying discount rates, payment terms, and regulatory compliance requirements.
find out more
Revolving SBLC
An Indian law-governed Revolving SBLC agreement establishing a renewable credit facility with automatic reinstatement provisions.
find out more
Non Transferable SBLC
An Indian law-governed Non-Transferable Standby Letter of Credit that serves as a bank-issued payment guarantee, restricted to the named beneficiary only.
find out more
Negotiation Bank In Lc
An Indian law-governed agreement setting out terms for bank negotiation of Letter of Credit documents, compliant with UCP 600 and Indian banking regulations.
find out more
Mixed Payment Lc
A trade finance document governed by Indian law that structures letter of credit payments in multiple parts, combining immediate and deferred payment terms.
find out more
Letter For Overfacility
An Indian banking document that formally approves and outlines terms for additional credit facilities beyond existing sanctioned limits.
find out more
Direct Pay Standby Letter Of Credit
An Indian law-governed banking instrument that provides an irrevocable payment guarantee through a direct pay mechanism upon presentation of compliant documents.
find out more
Cumulative Revolving Letter Of Credit
An Indian law-governed trade finance document establishing a renewable credit facility where unused credit portions accumulate in subsequent periods, primarily used in international trade transactions.
find out more
Credit Card Clearance Letter
An official document issued under Indian banking regulations confirming full settlement of credit card dues and account closure.
find out more
Freely Negotiable Letter Of Credit
An Indian law-governed financial instrument issued by banks that provides payment security in international trade while allowing negotiation at any bank globally.
find out more
Verbiage Letter Of Credit
A bank-issued payment guarantee document governed by Indian banking laws and UCP 600, ensuring secure payment in international trade transactions.
find out more
Transferable Lc At Sight
An Indian law-governed transferable letter of credit allowing immediate payment upon document presentation, commonly used in international trade financing.
find out more
Straight Letter Of Credit
A bank-issued payment guarantee instrument under Indian law that ensures secure payment in international trade transactions upon presentation of compliant documents.
find out more
Small Business Letter Of Credit
An RBI-compliant Letter of Credit document for small businesses in India, providing bank-guaranteed payment security in trade transactions.
find out more
Red Letter Of Credit
A banking instrument under Indian jurisdiction that provides advance payment facility to exporters while guaranteeing payment security to all parties in international trade transactions.
find out more
Loan Facility Letter
An Indian law-governed document issued by a lender detailing loan facility terms, conditions, and security arrangements offered to a borrower.
find out more
Non Operative Letter Of Credit
A contingent payment instrument issued under Indian banking regulations that provides payment security in international trade transactions.
find out more
Letter Of Credit 30 Days
An Indian law-governed banking instrument guaranteeing payment to a seller 30 days after document presentation, subject to RBI regulations and UCP 600.
find out more
Installment Letter Of Credit
Template for an Installment Letter of Credit under Indian law, establishing structured payment commitments with specific installment terms and compliance requirements.
find out more
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
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)
.png)