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1. Issuing Bank Details: Full name and address of the issuing bank
2. SLOC Reference Number: Unique identification number assigned by the issuing bank
3. Date of Issue: Date when the SLOC becomes effective
4. Beneficiary Details: Full name and address of the party in whose favor the SLOC is issued
5. Applicant Details: Full name and address of the party requesting the SLOC
6. Amount and Currency: Maximum amount available under the SLOC and currency of payment
7. Expiry Date: Date and place of expiry of the SLOC
8. Drawing Terms: Specific conditions and documentation required for drawing under the SLOC
9. Governing Law and Jurisdiction: Specification of Indian law as governing law and relevant jurisdiction
10. UCP Declaration: Statement incorporating UCP 600 rules
1. Transferability Clause: Include when the SLOC needs to be transferable to other beneficiaries
2. Partial Drawings: Include when multiple partial drawings are to be permitted
3. Auto-Extension Clause: Include when the SLOC should automatically extend unless notice is given
4. Special Payment Conditions: Include when specific payment timing or methods are required
5. Counter-Guarantee Reference: Include when the SLOC is issued under a counter-guarantee arrangement
6. Language Declaration: Include when the SLOC might be presented in multiple languages
1. Form of Demand: Standard format for making a demand under the SLOC
2. Required Documents List: Detailed list of documents required for drawing under the SLOC
3. Specimen Signatures: Authorized signatures for the beneficiary
4. Form of Transfer Request: Standard format for requesting transfer of the SLOC (if transferable)
5. Form of Reduction Request: Standard format for requesting reduction in SLOC amount (if applicable)
Applicant
Banking Day
Beneficiary
Business Day
Claim
Complying Presentation
Confirming Bank
Counter-Guarantee
Default Event
Demand
Drawing
Effective Date
Expiry Date
Face Value
Force Majeure
Governing Law
ICC
ISP98
Issuing Bank
Letter of Credit
Maximum Amount
Non-complying Presentation
Notice of Default
Presentation
Presenting Bank
Required Documents
SWIFT
Transfer
UCP 600
Underlying Transaction
Amount and Currency
Expiry
Drawing Conditions
Payment Terms
Documentation Requirements
Presentation Requirements
Default Events
Transfer Rights
Amendment
Force Majeure
Governing Law
Jurisdiction
Notices
Banking Charges
Reduction Provisions
Assignment
Compliance with Regulations
Dispute Resolution
Severability
UCP Application
Language
Counter-Guarantee
Partial Drawings
Automatic Extension
Banking & Financial Services
International Trade
Construction
Manufacturing
Energy
Infrastructure
Telecommunications
Real Estate
Shipping & Logistics
Import/Export
Legal
Finance
Treasury
Trade Finance
Risk Management
Procurement
Compliance
International Business
Commercial Operations
Credit Control
Chief Financial Officer
Treasury Manager
Trade Finance Manager
Banking Relationship Manager
Financial Controller
Credit Manager
Risk Manager
Procurement Manager
Contract Manager
Legal Counsel
Commercial Director
Finance Director
International Trade Specialist
Company Secretary
Compliance Officer
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