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1. LC Number and Date: Unique identification number and issuance date of the Letter of Credit
2. Form of Documentary Credit: Specification that this is an irrevocable Letter of Credit
3. Applicant Details: Full name and address of the party requesting the LC (usually the buyer)
4. Beneficiary Details: Full name and address of the party in whose favor the LC is issued (usually the seller)
5. Currency and Amount: The currency and maximum amount available under the LC
6. Expiry Date and Place: The final date for presentation of documents and location where documents must be presented
7. Available With/By: The name of the bank where the credit is available and manner of availability (payment, acceptance, negotiation)
8. Required Documents: Detailed list of documents that must be presented for payment (e.g., commercial invoice, transport documents, insurance documents)
9. Shipment Terms: Latest shipment date, partial shipments, transhipment provisions
10. Description of Goods/Services: Detailed description of the goods or services being traded
11. Incoterms: Specified international commercial terms defining responsibilities
1. Transferability Clause: Include when the LC needs to be transferable to another beneficiary
2. Revolving Terms: Include for revolving LCs, specifying how the credit reinstates
3. Red Clause: Include when advance payment to the beneficiary is permitted
4. Green Clause: Include when storage of goods is involved with advance payment
5. Back-to-Back Provisions: Include when the LC supports a back-to-back LC arrangement
6. Confirmation Instructions: Include when confirmation by another bank is required
7. Deferred Payment Terms: Include when payment is to be made at a future date after document presentation
8. Special Conditions: Any additional terms specific to the transaction
1. Schedule A - Document Requirements: Detailed checklist of required documents and their specific requirements
2. Schedule B - Goods Specification: Detailed technical specifications of goods when complex products are involved
3. Schedule C - Payment Schedule: For installment LCs or those with multiple drawing periods
4. Appendix 1 - Standard Banking Forms: Required banking forms and formats for document presentation
5. Appendix 2 - UCP 600 References: Specific UCP 600 articles applicable to this LC
6. Appendix 3 - Commission Schedule: Schedule of bank charges and commissions applicable to the LC
Applicant
Banking Day
Beneficiary
Bill of Lading
Commercial Invoice
Complying Presentation
Credit
Documentary Credit
Documents
Draft
Expiry Date
Goods
Honour
Insurance Certificate
Insurance Policy
Issuing Bank
Letter of Credit
Negotiating Bank
Negotiation
Nominated Bank
Packing List
Payment Terms
Presentation
Reimbursing Bank
Shipment
Shipping Documents
Sight Payment
Transport Document
UCP 600
Availability
Expiry
Place of Expiry
Document Presentation
Payment Terms
Document Requirements
Shipment Terms
Port of Loading
Port of Discharge
Latest Shipment Date
Partial Shipment
Transhipment
Description of Goods
Insurance Coverage
Bank Charges
Amendment Conditions
Force Majeure
Governing Law
Jurisdiction
Document Examination
Discrepancy Handling
Bank Reimbursement
Notification Requirements
Document Authenticity
Compliance Standards
Transfer Conditions
Confirmation Terms
Assignment Rights
Default Provisions
Banking and Financial Services
International Trade
Manufacturing
Import/Export
Shipping and Logistics
Commodities Trading
Retail
Agriculture
Mining
Construction
Energy
Telecommunications
Trade Finance
International Banking
Corporate Banking
Risk Management
Legal
Compliance
Treasury
Operations
Documentary Credits
Supply Chain
Procurement
Finance
International Trade
Trade Finance Manager
International Trade Specialist
Documentary Credit Officer
Import/Export Manager
Treasury Manager
Credit Risk Officer
Compliance Officer
Banking Operations Manager
Trade Operations Officer
Financial Controller
Chief Financial Officer
Supply Chain Manager
Procurement Manager
Legal Counsel
Banking Relationship Manager
Trade Finance Analyst
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