Letter Of Credit Loan Agreement Template for Philippines

1. Insurance: Required when specific insurance coverage is needed for the underlying trade transaction

2. Tax Provisions: Detailed tax clauses when cross-border transactions are involved

3. Currency Provisions: Required for facilities involving multiple currencies

4. Assignment and Transfer: Include when the facility may be transferable

5. Anti-Money Laundering Provisions: Detailed AML provisions for high-risk transactions

6. Force Majeure: Extended force majeure provisions for international trade transactions

7. Environmental Compliance: Required for transactions involving environmental risks or compliance requirements

1. Facility Terms Schedule: Detailed terms of the LC facility including limits, rates, and fees

2. Form of Utilization Request: Standard form for requesting issuance of letters of credit

3. Security Details: Detailed description of security arrangements and collateral

4. Conditions Precedent Documents: List of required documents and evidence

5. Authorized Signatories: List of authorized signatories and specimen signatures

6. Form of LC Application: Standard letter of credit application form

7. Fee Schedule: Detailed breakdown of all applicable fees and charges

8. Compliance Certificates: Forms of periodic compliance certificates to be submitted