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1. Issuing Bank Details: Complete name, address, and SWIFT code of the bank issuing the LC
2. LC Number and Date: Unique reference number and issuance date of the LC
3. Applicant Details: Full name, address, and contact information of the party requesting the LC (typically the buyer)
4. Beneficiary Details: Full name, address, and contact information of the party receiving the LC (typically the seller)
5. Currency and Amount: Specified currency and maximum amount of the LC, written in both figures and words
6. Type of Credit: Specification of whether the LC is irrevocable, confirmed, transferable, etc.
7. Expiry Date and Place: Clear statement of when and where the LC expires
8. Documents Required: Detailed list of all documents required for presentation
9. Goods Description: Clear description of the goods or services covered by the LC
10. Shipment Terms: Latest shipment date, partial shipments, transhipment conditions
11. Payment Terms: When and how payment will be made (at sight, deferred payment, etc.)
1. Transferability Clause: Required when the LC needs to be transferable to another beneficiary
2. Red Clause: Include when advance payment to the beneficiary is permitted
3. Green Clause: Include when storage of goods is involved with advance payment
4. Revolving Credit Terms: Required for LCs that automatically renew
5. Back-to-Back Provisions: Include when the LC supports a back-to-back LC arrangement
6. Confirmation Instructions: Required when confirmation by another bank is requested
7. Special Conditions: Any additional terms specific to the transaction
1. Document Presentation Schedule: Detailed checklist of required documents and presentation timeline
2. Fee Schedule: Breakdown of all applicable bank charges and fees
3. Commercial Invoice Format: Required format and content for commercial invoices
4. Transport Document Requirements: Specific requirements for bills of lading or other transport documents
5. Insurance Document Requirements: Format and coverage requirements for insurance documents
6. Amendment Form: Standard form for requesting amendments to the LC
7. Specimen Signatures: Authorized signatures for the LC operation
Applicant
Banking Day
Beneficiary
Bill of Exchange
Bill of Lading
Commercial Invoice
Complying Presentation
Confirmation
Credit
Documentary Credit
Documents
Draft
Expiry Date
Honour
Insurance Certificate
Insurance Policy
Issuing Bank
Negotiating Bank
Negotiation
Packing List
Presentation
Reimbursing Bank
Shipment
Sight Payment
SWIFT
Term Payment
Transport Document
UCP 600
Undertaking
Credit Availability
Document Presentation
Payment Terms
Expiry Conditions
Document Requirements
Bank Obligations
Shipping Terms
Compliance Requirements
Force Majeure
Governing Law
Assignment
Bank Charges
Amendment Conditions
Document Examination
Discrepancy Handling
Notice Requirements
Reimbursement
Transfer Rights
Disclaimer
Anti-Money Laundering
Sanctions Compliance
Default Events
Dispute Resolution
Bank Communications
Banking and Financial Services
International Trade
Manufacturing
Import/Export
Retail
Wholesale
Commodities
Agriculture
Mining
Construction
Technology
Automotive
Textile
Energy
Shipping and Logistics
Finance
International Trade
Treasury
Compliance
Legal
Risk Management
Operations
Procurement
Supply Chain
Banking Operations
Credit Administration
Trade Operations
Trade Finance Manager
International Trade Specialist
Documentary Credit Officer
Import/Export Manager
Treasury Manager
Finance Director
Compliance Officer
Banking Operations Manager
Credit Risk Officer
Trade Operations Specialist
Financial Controller
Supply Chain Manager
Procurement Manager
Chief Financial Officer
Banking Relationship Manager
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