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1. Letter Reference Number and Date: Unique identification number of the LC and issuance date
2. Issuing Bank Details: Full name, address, and contact information of the issuing bank
3. Beneficiary Details: Full name, address, and contact information of the beneficiary (seller/exporter)
4. Applicant Details: Full name, address, and contact information of the applicant (buyer/importer)
5. Credit Amount and Currency: The maximum amount and currency of the letter of credit
6. Expiry Date and Place: The date and location where the credit expires
7. Available With/By: Specifies whether the credit is available by sight payment, deferred payment, acceptance, or negotiation
8. Required Documents: List of documents that must be presented for payment
9. Shipment Terms: Details of shipment including latest shipment date and partial shipments/transhipment permissions
10. Presentation Period: Time period within which documents must be presented after shipment
11. Description of Goods/Services: Detailed description of the goods or services covered by the LC
12. Governing Law and Jurisdiction: Specification of applicable law (South African) and jurisdiction
13. UCP 600 Declaration: Statement that the LC is subject to UCP 600
1. Transferability Clause: To be included if the LC is transferable to another beneficiary
2. Revolving Credit Terms: Include when the LC is revolving, specifying the revolving terms and conditions
3. Red Clause Provisions: Include when advance payment is permitted under the LC
4. Back-to-Back Provisions: Include when the LC is part of a back-to-back arrangement
5. Green Clause Provisions: Include when storage of goods is involved with advance payment facilities
6. Confirmation Instructions: Include when confirmation by another bank is required
7. Special Payment Conditions: Include when there are specific payment terms or conditions
8. Force Majeure Clause: Include when specific force majeure provisions are required beyond standard UCP provisions
1. Schedule A - Document Requirements: Detailed list and specifications of all required documents including format and content requirements
2. Schedule B - Goods Specification: Detailed technical specifications of goods or services covered by the LC
3. Schedule C - Special Payment Terms: Detailed breakdown of payment terms if involving multiple drawdowns or special conditions
4. Appendix 1 - Form of Demand: Standard format for presentation of payment demand under the LC
5. Appendix 2 - Form of Transport Documents: Prescribed formats for transport documents if specific requirements exist
6. Appendix 3 - Form of Insurance Documents: Prescribed formats for insurance documents if specific requirements exist
Applicant
Banking Day
Beneficiary
Charges
Commission
Compliant Presentation
Confirmation
Confirming Bank
Credit
Documents
Exchange Control Regulations
Expiry Date
Facility Fee
Handling Fee
Issuing Bank
Letter of Credit
Negotiating Bank
Negotiation
Presentation
Processing Fee
Reimbursing Bank
SWIFT Charges
Trade Finance Facility
UCP 600
Amendment Fee
Applicable Law
Available With
Bank Charges
Business Day
Courier Charges
Discrepancy Fee
Documentary Credit
Draft
Extension Fee
Foreign Bank Charges
Inspection Fee
LC Amount
Payment Terms
Place for Presentation
Rand
South African Reserve Bank
Standard Bank Charges
Telegraphic Transfer
Transaction Costs
Payment Terms
Document Requirements
Expiry and Validity
Force Majeure
Bank Obligations
Regulatory Compliance
Amendments
Processing Requirements
Presentation Terms
Reimbursement
Default and Remedies
Governing Law
Communications
Document Examination
Costs and Expenses
Exchange Control
Confirmation Terms
Transferability
Anti-Money Laundering
Disclaimers and Limitations
Notices
Assignment
Sanctions Compliance
Severability
Entire Understanding
Confidentiality
Dispute Resolution
Foreign Bank Charges
Operational Procedures
Banking and Financial Services
International Trade
Import/Export
Manufacturing
Commodities Trading
Retail
Agriculture
Mining
Energy
Shipping and Logistics
Legal
Finance
International Trade
Treasury
Risk Management
Compliance
Trade Operations
Banking Operations
Credit Administration
Documentary Credits
Trade Finance Manager
International Trade Specialist
Finance Director
Treasury Manager
Import/Export Manager
Credit Manager
Banking Operations Manager
Financial Controller
Trade Operations Officer
Risk Management Officer
Compliance Officer
Documentary Credits Specialist
Chief Financial Officer
Banking Relationship Manager
International Business Development Manager
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