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1. Parties: Identification of the negotiating bank and the beneficiary/presenter of the LC
2. Background: Context of the LC negotiation arrangement, including reference to the underlying LC
3. Definitions: Key terms used in the agreement including banking, LC, and trade finance terminology
4. Scope of Negotiation: Details of what the bank agrees to negotiate and under what conditions
5. Terms of Negotiation: Specific conditions under which the bank will negotiate the LC documents
6. Document Examination: Bank's rights and procedures for examining LC documents
7. Fees and Charges: Structure and calculation of negotiation fees, charges, and commissions
8. Payment Terms: Terms and conditions for payment, including timing and method
9. Representations and Warranties: Statements of fact and assurances from both parties
10. Risk Allocation: Distribution of risks between the parties, including document discrepancy risks
11. Recourse Rights: Bank's rights of recourse in case of non-payment or discrepancies
12. Governing Law and Jurisdiction: Specification of South African law and jurisdiction details
13. Notices: Communication procedures and contact details for formal notices
1. Sanctions and Compliance: Additional compliance requirements, used when dealing with high-risk jurisdictions or parties
2. Electronic Presentation: Terms for electronic document presentation, used when e-documentation is accepted
3. Silent Confirmation: Terms for silent confirmation if offered by the negotiating bank
4. Pre-negotiation Requirements: Special conditions required before negotiation, used for high-value or complex LCs
5. Syndication Rights: Terms for bank's right to syndicate the negotiation, used in large transactions
6. Force Majeure: Extended force majeure provisions, used in jurisdictions with higher political/economic risks
1. Schedule 1 - Fee Structure: Detailed breakdown of all applicable fees, charges, and commission calculations
2. Schedule 2 - Required Documents: List and specifications of required documents for negotiation
3. Schedule 3 - Authorized Signatories: List of authorized signatories and specimen signatures
4. Schedule 4 - Communication Procedures: Detailed procedures for communication and document presentation
5. Appendix A - Standard Forms: Standard forms for document presentation and negotiation requests
6. Appendix B - Compliance Checklist: Checklist for document compliance and examination requirements
Applicant
Banking Day
Beneficiary
Complying Presentation
Confirmation
Confirming Bank
Discrepancy
Documentary Credit
Documents
Draft
Exchange Control Regulations
Expiry Date
Financing
Force Majeure
Governing Law
ISBP
Issuing Bank
Letter of Credit
Negotiation
Negotiating Bank
Notice of Dishonor
Presentation
Presenter
Reimbursing Bank
Sanctions
Schedule of Charges
Silent Confirmation
SWIFT
Transport Document
UCP 600
Without Recourse
With Recourse
Interpretation
Scope of Negotiation
Bank's Rights and Obligations
Document Examination
Payment Terms
Fees and Charges
Representations and Warranties
Risk Allocation
Recourse Rights
Sanctions Compliance
Anti-Money Laundering
Confidentiality
Force Majeure
Assignment
Notices
Electronic Communications
Governing Law
Jurisdiction
Dispute Resolution
Severability
Entire Agreement
Amendment
Waiver
Time of Essence
Currency
Set-off Rights
Tax
Indemnification
Document Retention
Termination
Banking
International Trade
Import/Export
Manufacturing
Commodities Trading
Retail
Agriculture
Mining
Energy
Shipping and Logistics
Financial Services
Legal
Trade Finance
International Banking
Compliance
Risk Management
Treasury
Operations
Documentary Credits
Trade Operations
Banking Operations
Trade Finance Manager
Documentary Credits Officer
International Banking Manager
Compliance Officer
Legal Counsel
Risk Manager
Treasury Manager
Export Finance Manager
Trade Operations Manager
Documentary Collections Specialist
Letter of Credit Specialist
Banking Operations Manager
Chief Financial Officer
International Trade Specialist
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