The Confirmed Irrevocable Letter of Credit is a critical financial instrument used in international trade transactions where parties seek enhanced payment security. This document is particularly relevant when trading partners require additional assurance beyond a standard letter of credit, especially when dealing with unfamiliar jurisdictions or complex trade relationships. Under Maltese law, which incorporates both domestic banking regulations and EU financial legislation, this instrument provides robust protection for international trade participants. The confirmation by a second bank (typically in the beneficiary's country) adds an extra layer of security to the irrevocable commitment of the issuing bank. The document includes detailed specifications for payment conditions, required documentation, shipping terms, and compliance requirements, all structured within Malta's legal framework while adhering to international banking practices (UCP 600).
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Letter Reference Number and Date: Unique identification number and issuance date of the L/C
2. Issuing Bank Details: Complete name, address, and SWIFT code of the bank issuing the L/C
3. Confirming Bank Details: Complete name, address, and SWIFT code of the confirming bank
4. Beneficiary Details: Full name and address of the party receiving payment under the L/C
5. Applicant Details: Full name and address of the party requesting the L/C
6. Currency and Amount: Specified currency and amount of the L/C, both in figures and words
7. Expiry Date and Place: Clear statement of expiration date and location where documents must be presented
8. Available With/By: Specification of where and how the credit is available (payment, acceptance, negotiation)
9. Partial Shipments/Transhipment: Clear statement whether partial shipments and transhipment are allowed or prohibited
10. Documents Required: Detailed list of all required documents for presentation
11. Shipment Terms: Latest shipment date, shipment from/to locations, and delivery terms
12. Description of Goods/Services: Precise description of the goods or services covered by the L/C
13. Special Conditions: Any additional terms, conditions, or requirements specific to this L/C
1. Red Clause Provisions: Include when advance payment to the beneficiary is permitted before document presentation
2. Green Clause Provisions: Include when warehouse storage provisions and partial advance payments are required
3. Revolving Credit Terms: Include when the L/C is renewable under specified conditions
4. Transferability Clause: Include when the L/C needs to be transferable to a second beneficiary
5. Back-to-Back Provisions: Include when the L/C supports a back-to-back credit arrangement
6. Standby Provisions: Include when the L/C functions as a standby credit
7. Deferred Payment Terms: Include when payment is to be made at a specified future date
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: Detailed requirements for insurance certificates or policies
4. Appendix 1 - Product Specifications: Detailed technical specifications of goods covered by the L/C
5. Appendix 2 - Special Instructions for Document Preparation: Specific guidelines for preparing and presenting required documents
6. Appendix 3 - Bank Charges Schedule: Breakdown of banking charges and their allocation between parties
Find the exact document you need
Stand By Letter Of Credit
A Maltese law-governed Standby Letter of Credit serving as a bank-issued payment guarantee, combining local legislation with international banking practices.
Download
Bank To Bank Lc
A Maltese law-governed agreement establishing terms and procedures for letter of credit operations between banks, incorporating local and EU banking regulations.
Download
Unsecured Letter Of Credit
A Maltese law-governed banking instrument that provides an unsecured payment guarantee from a bank to a seller on behalf of a buyer.
Download
Structured Letter Of Credit
A Maltese law-governed banking instrument combining traditional letter of credit features with structured finance elements for complex international trade transactions.
Download
Revolving Letter Of Credit
A Maltese law-governed revolving letter of credit document establishing a renewable trade finance facility compliant with EU and international banking standards.
Download
Electronic Letter Of Credit
A Maltese law-governed digital banking instrument providing secure payment guarantee in international trade, incorporating UCP 600 and eUCP provisions.
Download
Divisible Letter Of Credit
A Maltese law-governed banking instrument that enables multiple partial drawings against a letter of credit, typically used for international trade transactions with staged shipments.
Download
Credit Note Letter
A formal financial document issued under Maltese law to adjust or reverse charges from a previous invoice, serving as an official credit record while ensuring compliance with local tax regulations.
Download
Commercial Letter Of Credit
A Maltese law-governed banking instrument that guarantees payment in international trade transactions upon presentation of compliant documents.
Download
Bond Letter Of Credit
A Maltese law-governed financial instrument combining bank guarantee and documentary credit features, providing security in commercial transactions under Malta Financial Services Authority oversight.
Download
Bank Facilities Letter
A Maltese law-governed document outlining terms and conditions of banking facilities offered by a bank to its customer, including credit terms, security requirements, and regulatory compliance elements.
Download
Usance Letter Of Credit
A Maltese law-governed banking instrument that provides secured deferred payment terms in international trade, combining local and EU regulations with UCP 600 practices.
Download
Letter Of Credit Transferable
A Maltese law-governed transferable letter of credit that enables the primary beneficiary to transfer credit rights to a second beneficiary, following UCP 600 rules and local banking regulations.
Download
Transferable Lc
A Maltese law-governed transferable letter of credit document that enables the transfer of credit rights from the first beneficiary to second beneficiaries in international trade transactions.
Download
Import And Export Letter Of Credit
A Maltese-law banking instrument providing payment security in international trade transactions, governed by local banking laws and UCP 600 rules.
Download
Lc Bank Guarantee
A Maltese law-governed bank guarantee instrument combining LC features, providing payment security in commercial transactions under MFSA regulation.
Download
Confirmed Irrevocable Letter Of Credit
A Maltese law-governed banking instrument providing dual-bank payment guarantee in international trade, with irrevocable commitments from both issuing and confirming banks.
Download
Discounting Letter Of Credit
A Maltese law-governed document establishing terms for early payment of a Letter of Credit through discounting arrangements with a bank.
Download
At Sight Lc
A Maltese-law governed At Sight Letter of Credit providing immediate payment upon compliant document presentation in international trade transactions.
Download
Lc Letter Of Credit
A Maltese-law governed banking instrument that provides payment security in international trade transactions, following UCP 600 rules and local banking regulations.
Download
Irrevocable Letter Of Guarantee
A Maltese law-governed bank guarantee providing unconditional payment commitment to a beneficiary, serving as financial security in commercial transactions.
Download
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)