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1. Letter Reference: Unique identification number and date of the L/C
2. Issuing Bank Details: Complete details of the bank issuing the L/C
3. Beneficiary Details: Full name and address of the party receiving payment
4. Applicant Details: Full name and address of the party requesting the L/C
5. Amount and Currency: Value of the L/C and currency denomination
6. Expiry Date: Validity period of the L/C
1. Transferability Clause: Include when L/C needs to be transferable to another beneficiary - used when requested by beneficiary for trade financing purposes
2. Revolving Credit Clause: Specifies terms for automatic renewal - used for ongoing trade relationships with regular transactions
3. Red Clause: Advance payment provisions - used when beneficiary requires advance funding
1. Schedule of Documents Required: List of documents needed for L/C execution
2. Payment Terms Schedule: Detailed payment conditions and timelines
3. Shipping Documents Requirements: Specific requirements for shipping documentation
4. Bank Instructions Appendix: Detailed instructions for document handling and payment processing
Outstanding Amount
Available Balance
Issuing Bank
Beneficiary
Applicant
Advising Bank
Confirming Bank
Presentation
Documents
Complying Presentation
Credit Facility
Expiry Date
Place of Expiry
Banking Day
Negotiation
Sight Draft
Time Draft
Documentary Requirements
Shipping Documents
Bill of Lading
Commercial Invoice
Certificate of Origin
Packing List
Insurance Certificate
Disbursement
Reimbursement
Amendment
Force Majeure
Governing Law
UCP 600
Discrepancy
Maturity Date
Credit Line
Unutilized Balance
Amount and Currency
Expiry and Validity
Documentary Requirements
Payment Terms
Presentation Terms
Shipping Terms
Transfer Rights
Bank Charges
Amendment Conditions
Force Majeure
Governing Law
Compliance Requirements
Discrepancy Handling
Reimbursement Terms
Cancellation Conditions
Negotiation Rights
Credit Facility Terms
Documentation Deadlines
Bank Instructions
Confirmation Requirements
Notice Requirements
Dispute Resolution
Partial Shipments
Assignment Rights
Default Provisions
Insurance Requirements
Anti-Money Laundering Compliance
Sanctions Compliance
Communications
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