The Electronic Letter of Credit serves as a crucial instrument in modern international trade finance, adapted to meet the demands of digital commerce while maintaining the security and reliability of traditional Letters of Credit. Under Maltese law, which provides a sophisticated framework for both banking and electronic commerce, this document type combines the traditional Letter of Credit features with advanced electronic capabilities. The Electronic Letter of Credit is particularly relevant when parties seek to streamline their trade documentation process through digital means while maintaining the security of bank-mediated payment. It incorporates specific provisions for electronic presentation of documents, digital signatures, and secure electronic communication channels, all while ensuring compliance with Malta's Electronic Commerce Act and Banking Act, as well as international standards including UCP 600 and eUCP.

1. Issuing Bank Details: Complete identification and contact details of the issuing bank

2. Beneficiary Details: Full name, address and banking details of the beneficiary

3. Applicant Details: Complete information about the party requesting the Letter of Credit

4. Letter of Credit Number: Unique identification number for the credit

5. Currency and Amount: Specification of the credit amount and currency

6. Available With/By: Details of how and where the credit is available (payment, acceptance, negotiation)

7. Expiry Date and Place: Clear statement of expiry date and location for document presentation

8. Electronic Presentation Terms: Specific requirements for electronic presentation including format and transmission methods

9. Required Documents: Detailed list of required documents and their electronic format specifications

10. Shipment Terms: Details of shipment including latest shipment date and partial shipments status

11. Description of Goods/Services: Precise description of the goods or services covered by the credit

12. Special Conditions: Any additional terms, conditions or instructions specific to this credit