Letter Of Credit Transferable for Malta

Letter Of Credit Transferable Template for Malta

Create a bespoke document in minutes, or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Letter Of Credit Transferable

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Letter Of Credit Transferable

"I need a Transferable Letter of Credit draft for my textile manufacturing company based in Malta, allowing transfer to multiple suppliers in Asia, with a credit amount of €500,000 and validity until March 2025."

Your data doesn't train Genie's AI

You keep IP ownership of your information

Generate a Bespoke Document

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Letter Of Credit Transferable

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc

What is a Letter Of Credit Transferable?

The Transferable Letter of Credit is a crucial document in international trade finance, particularly relevant under Maltese law which combines both EU regulations and local banking requirements. This instrument is typically used when intermediaries or trading companies are involved in the supply chain, allowing the first beneficiary to transfer their rights to a second beneficiary, usually the actual supplier of goods. The document must comply with both the Maltese Banking Act and international UCP 600 rules, making it a sophisticated banking instrument that provides security for all parties involved. It contains specific provisions for transfer mechanisms, document requirements, payment terms, and bank obligations, while incorporating necessary safeguards to protect all parties' interests. The transferable nature of this letter of credit makes it particularly useful in back-to-back trading arrangements and complex international trade transactions where multiple parties are involved in the supply chain.

What sections should be included in a Letter Of Credit Transferable?

1. Letter Reference Number and Date: Unique identification number and issuance date of the letter of credit

2. Issuing Bank Details: Complete name, address, and contact information of the issuing bank

3. Beneficiary Information: Full name, address, and contact details of the first beneficiary

4. Applicant Information: Complete details of the party requesting the letter of credit

5. Amount and Currency: Maximum credit amount and currency denomination

6. Expiry Date and Place: Validity period and location where the credit must be presented

7. Transferability Statement: Explicit declaration that the credit is transferable under UCP 600 Article 38

8. Transfer Terms: Conditions under which the credit may be transferred and number of allowed transfers

9. Required Documents: Detailed list of documents required for presentation

10. Shipment Terms: Specifications for shipment including latest shipment date and partial shipments

11. Payment Terms: Payment conditions, timing, and method of payment

12. Governing Law and Jurisdiction: Specification of Maltese law as governing law and relevant jurisdiction

What sections are optional to include in a Letter Of Credit Transferable?

1. Revolving Terms: Include when the credit is both transferable and revolving, specifying reinstatement conditions

2. Red Clause Provisions: Include when advance payment to the beneficiary is permitted

3. Green Clause Provisions: Include when storage of goods is involved with advance payment

4. Special Instructions for Second Beneficiary: Include when specific requirements apply to potential second beneficiaries

5. Bank-to-Bank Reimbursement Instructions: Include when specific reimbursement arrangements between banks are required

6. Confirmation Instructions: Include when confirmation by another bank is requested or authorized

What schedules should be included in a Letter Of Credit Transferable?

1. Schedule A - Document Requirements: Detailed checklist of required documents and their specifications

2. Schedule B - Goods Description: Detailed description of the goods or services covered by the letter of credit

3. Schedule C - Transfer Conditions: Specific conditions and procedures for transferring the credit

4. Appendix 1 - UCP 600 Incorporation: Standard terms incorporating UCP 600 rules

5. Appendix 2 - Fee Schedule: Breakdown of all applicable bank charges and fees

6. Appendix 3 - Specimen Signatures: Authorized signatures for the issuing bank and other relevant parties

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Relevant Industries

Banking

International Trade

Shipping

Manufacturing

Export/Import

Commodities Trading

Wholesale Distribution

Retail

Agriculture

Energy

Construction

Maritime Transport

Relevant Teams

Trade Finance

International Banking

Credit Operations

Documentary Credits

Compliance

Treasury

Risk Management

Legal

Finance

International Trade Operations

Supply Chain Operations

Relevant Roles

Trade Finance Manager

International Banking Officer

Credit Manager

Export Finance Specialist

Trade Operations Manager

Documentary Credits Specialist

Compliance Officer

Treasury Manager

International Trade Specialist

Banking Relationship Manager

Chief Financial Officer

Finance Director

Import/Export Manager

Supply Chain Manager

Risk Management Officer

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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.

find out more

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.

find out more

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.

find out more

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.

find out more

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.

find out more

Electronic Letter Of Credit

A Maltese law-governed digital banking instrument providing secure payment guarantee in international trade, incorporating UCP 600 and eUCP provisions.

find out more

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.

find out more

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.

find out more

Commercial Letter Of Credit

A Maltese law-governed banking instrument that guarantees payment in international trade transactions upon presentation of compliant documents.

find out more

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.

find out more

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.

find out more

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.

find out more

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.

find out more

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.

find out more

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.

find out more

Lc Bank Guarantee

A Maltese law-governed bank guarantee instrument combining LC features, providing payment security in commercial transactions under MFSA regulation.

find out more

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.

find out more

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.

find out more

At Sight Lc

A Maltese-law governed At Sight Letter of Credit providing immediate payment upon compliant document presentation in international trade transactions.

find out more

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.

find out more

Irrevocable Letter Of Guarantee

A Maltese law-governed bank guarantee providing unconditional payment commitment to a beneficiary, serving as financial security in commercial transactions.

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

2 AI Docs LeftGet Instant Access