The Fixed Letter of Credit serves as a crucial financial instrument in international trade transactions within the Pakistani jurisdiction. It is typically used when businesses engage in cross-border trade and require a secure payment mechanism. This document, governed by Pakistani banking laws and UCP 600, provides a guarantee from a bank to pay a fixed amount to the seller (beneficiary) upon presentation of specified documents that comply with the credit terms. The Fixed Letter of Credit removes payment risk for the seller while providing the buyer with assurance that payment will only be made when the specified conditions are met. It includes detailed information about the transaction, including parties involved, payment terms, required documents, and shipping requirements, all while ensuring compliance with Pakistani foreign exchange regulations and international banking standards.

1. Letter Head and Reference Number: Bank's official letterhead and unique LC reference number

2. Date and Place of Issue: When and where the LC was issued

3. Type of Credit: Specification that this is an irrevocable fixed letter of credit

4. Applicant Details: Full name, address, and contact information of the buyer/importer

5. Beneficiary Details: Full name, address, and contact information of the seller/exporter

6. Currency and Amount: Fixed amount of the LC and currency denomination

7. Expiry Date and Place: Validity period of the LC and place where it expires

8. Documents Required: List of required documents for LC negotiation

9. Shipment Terms: Latest shipment date, partial shipment/transhipment permissions

10. Description of Goods: Detailed description of goods being traded

11. Payment Terms: When and how payment will be made upon document presentation

12. Bank Charges: Allocation of banking charges between parties

13. Governing Law: Reference to UCP 600 and Pakistani law

14. Authentication: Authorized bank signatures and stamps