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1. LC Number and Date: Unique identification number and issuance date of the Letter of Credit
2. Issuing Bank Details: Complete details of the bank issuing the LC
3. Applicant Details: Full information of the party requesting the LC (typically the buyer)
4. Beneficiary Details: Complete information of the party in whose favor the LC is issued (typically the seller)
5. Amount and Currency: The credit amount and currency of the LC
6. Form of Credit: Specification that this is an Acceptance LC and its basic characteristics
7. Expiry Date and Place: The validity period and location where the LC expires
8. Shipment Terms: Details of shipment including latest shipment date and partial shipments allowance
9. Document Presentation Period: Timeframe within which documents must be presented after shipment
10. Required Documents: List of all documents required for presentation under the LC
11. Draft Requirements: Specifications for the bill of exchange/draft to be presented
12. Payment Terms: Details of when and how payment will be made upon acceptance
13. Bank Charges: Allocation of various banking charges between parties
14. Additional Conditions: Any specific conditions or requirements for the LC
1. Transferability Clause: Include when the LC needs to be transferable to another beneficiary
2. Revolving Credit Terms: Include when the LC is revolving in nature with automatic reinstatement provisions
3. Red Clause Provisions: Include when advance payment facilities are to be provided to the beneficiary
4. Back-to-Back LC Provisions: Include when the LC can be used as collateral for another LC
5. Confirmation Instructions: Include when confirmation from another bank is required
6. Islamic Banking Compliance: Include when the LC needs to comply with Islamic banking principles
7. Force Majeure Clause: Include when specific force majeure provisions are required beyond standard UCP terms
1. Schedule A - Goods Description: Detailed specification of goods being traded under the LC
2. Schedule B - Price Schedule: Detailed breakdown of prices, units, and total amount
3. Schedule C - Shipping Terms: Detailed shipping instructions and requirements
4. Schedule D - Document Requirements: Detailed list of required documents with specific formatting requirements
5. Appendix 1 - Draft/Bill of Exchange Format: Template for the draft/bill of exchange to be presented
6. Appendix 2 - Bank Draft Instructions: Specific instructions for preparing and presenting bank drafts
7. Appendix 3 - Required Certifications: List and formats of required certificates
8. Appendix 4 - Authorized Signatories: List of authorized signatories for various documents
Advising Bank
Applicant
Banking Day
Banker's Acceptance
Beneficiary
Bill of Exchange
Bill of Lading
Commercial Invoice
Confirmation
Credit
Draft
Expiry Date
Force Majeure
Goods
Issuing Bank
Letter of Credit
Maturity Date
Negotiating Bank
Negotiation
Original Documents
Presentation
Reimbursing Bank
Sight Draft
Tenor
Time Draft
Transport Document
UCP 600
Underlying Transaction
Banking Companies Ordinance
State Bank of Pakistan Regulations
Prudential Regulations
Islamic Banking Terms
Documentary Credit
Place of Expiry
Shipping Documents
Clean Documents
Discrepant Documents
Document Examination Period
Trade Terms
Incoterms
Payment Terms
Bank Charges
Acceptance Terms
Payment Terms
Document Requirements
Presentation Terms
Expiry and Maturity
Bank Obligations
Applicant Obligations
Beneficiary Rights
Document Examination
Discrepancy Handling
Bank Charges
Force Majeure
Governing Law
Jurisdiction
Amendment Terms
Transfer Rights
Assignment
Notices
Default Events
Dispute Resolution
Islamic Banking Compliance
Anti-Money Laundering
Sanctions Compliance
Foreign Exchange Compliance
Document Authentication
Indemnification
Reimbursement Terms
Confidentiality
Severability
Entire Agreement
Counterparts
Communication Methods
Bank's Discretion
Representations and Warranties
Banking and Financial Services
International Trade
Manufacturing
Import/Export
Retail
Wholesale
Commodities Trading
Textiles
Agriculture
Automotive
Electronics
Construction
Pharmaceuticals
Energy
Trade Finance
International Banking
Credit Operations
Import Operations
Export Operations
Treasury
Documentary Credits
Compliance
Risk Management
Financial Control
Banking Operations
Legal Affairs
Customer Relations
Trade Operations
Trade Finance Manager
International Banking Officer
Credit Manager
Import Manager
Export Manager
Treasury Manager
Documentary Credits Specialist
Compliance Officer
Risk Manager
Financial Controller
Banking Operations Manager
Trade Operations Officer
Letter of Credit Specialist
International Trade Specialist
Banking Relationship Manager
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