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1. Issuing Bank Details: Complete details of the bank issuing the Letter of Credit
2. LC Number and Date: Unique identification number and issuance date of the Letter of Credit
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 in whose favor the LC is issued (typically the seller)
5. Currency and Amount: Specified currency and amount of the Letter of Credit, both in figures and words
6. Expiry Date and Place: Clear statement of when and where the Letter of Credit expires
7. Available With/By: Specification of where and how the credit is available (e.g., by sight, by acceptance, by negotiation)
8. Partial Shipments/Transhipment: Whether partial shipments or transhipment is allowed or prohibited
9. Required Documents: Detailed list of all documents required for presentation
10. Shipment Terms: Latest shipment date and shipping details including port of loading and discharge
11. Description of Goods/Services: Detailed description of the goods or services covered by the LC
1. Transferability Clause: Include when the LC needs to be transferable to another beneficiary
2. Revolving Conditions: Include for revolving LCs, specifying reinstatement conditions and cycles
3. Red Clause: Include when advance payment to the beneficiary is permitted
4. Back-to-Back Provisions: Include when the LC is part of a back-to-back arrangement
5. Confirmation Instructions: Include when confirmation by another bank is required
6. Special Conditions: Any additional terms or conditions specific to the transaction
7. Assignment of Proceeds: Include when proceeds can be assigned to a third party
1. Document Presentation Schedule: Detailed requirements for document presentation including format and number of copies
2. Commercial Invoice Template: Standardized format for the commercial invoice required under the LC
3. Transport Document Requirements: Specific requirements for bills of lading or other transport documents
4. Insurance Document Requirements: Details of required insurance coverage and document specifications
5. Bank Charges Schedule: Breakdown of all applicable bank charges and their allocation between parties
6. Amendment Template: Standard format for any future amendments to the LC
Applicant
Banking Day
Beneficiary
Bill of Exchange
Bill of Lading
Clean Collection
Commercial Invoice
Complying Presentation
Confirmation
Confirming Bank
Credit
Documentary Credit
Draft
Expiry Date
Honour
Issuing Bank
Letter of Credit
Negotiating Bank
Negotiation
Nominated Bank
Notification
Original Documents
Partial Shipment
Presentation
Presenting Bank
Reimbursing Bank
Shipment
Sight Payment
Standby Letter of Credit
Tender
Trade Documents
Transfer
Transferable Credit
UCP 600
Usance
Waybill
Document Requirements
Expiry and Presentation
Bank Obligations
Compliance Requirements
Force Majeure
Governing Law
Jurisdiction
Amendment Procedures
Bank Charges
Document Examination
Discrepancy Handling
Transfer Rights
Assignment Rights
Notice Requirements
Confirmation Terms
Shipping Terms
Insurance Requirements
Credit Amount
Currency Provisions
Partial Shipment Terms
Transhipment Terms
Document Presentation
Reimbursement Terms
Anti-Money Laundering
Sanctions Compliance
Data Protection
Bank Disclaimers
Dispute Resolution
Validity Period
Banking and Financial Services
International Trade
Import/Export
Manufacturing
Commodities Trading
Shipping and Logistics
Insurance
Retail
Agriculture
Energy
Textiles
Heavy Industry
Technology Hardware
Trade Finance
International Banking
Legal
Compliance
Risk Management
Treasury
Documentary Credits
Global Operations
Supply Chain
Commercial Banking
International Business Development
Credit Administration
Trade Finance Manager
International Business Development Manager
Chief Financial Officer
Treasury Manager
Export Finance Specialist
Import Coordinator
Documentary Credits Manager
Compliance Officer
Risk Management Officer
International Trade Specialist
Banking Operations Manager
Supply Chain Manager
Finance Director
Global Account Manager
Letters of Credit Specialist
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