Letter Of Credit And Standby Letter Of Credit Template for Saudi Arabia

1. Revolving Terms: Include when the LC is revolving, specifying reinstatement terms and conditions

2. Red Clause: Include when advance payment provisions are required, specifying terms for advance payments

3. Green Clause: Include when storage provisions are needed, specifying warehouse terms

4. Transferability Clause: Include when the credit needs to be transferable to other beneficiaries

5. Back-to-Back Provisions: Include when the LC is part of a back-to-back arrangement

6. Islamic Finance Compliance Statement: Detailed statement of Shariah compliance measures when specifically required

7. Confirmation Instructions: Include when confirmation by another bank is required

8. Special Payment Conditions: Include for deferred payment terms or special payment arrangements

9. Force Majeure Provisions: Include when specific force majeure terms are required beyond standard provisions

1. Schedule A - Commercial Invoice Requirements: Detailed specifications for commercial invoice presentation

2. Schedule B - Transport Document Requirements: Specific requirements for bills of lading or other transport documents

3. Schedule C - Insurance Document Requirements: Detailed requirements for insurance documentation

4. Schedule D - Goods/Services Description: Detailed description of the goods or services covered by the LC

5. Appendix 1 - Payment Schedule: For deferred payment LCs, detailed payment schedule and terms

6. Appendix 2 - Document Presentation Checklist: Comprehensive checklist for required documents

7. Appendix 3 - SWIFT Format Templates: Standard templates for SWIFT communications related to the LC

8. Appendix 4 - Shariah Compliance Certificates: Required Islamic finance compliance certificates and declarations