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1. Issuing Bank Details: Complete details of the bank issuing the letter of credit, including registration number and branch details
2. Beneficiary Information: Full details of the utility company (beneficiary) including registration number and address
3. Applicant Information: Complete details of the party requesting the LC (the customer requiring utility services)
4. LC Number and Type: Unique identification number and specification that this is an irrevocable standby letter of credit
5. Credit Amount: Maximum amount of the credit and currency specification
6. Validity Period: Effective date and expiry date of the letter of credit
7. Drawing Terms: Specific conditions under which the beneficiary can draw on the letter of credit
8. Required Documents: List of documents the beneficiary must present to make a drawing
9. Payment Terms: Timing and method of payment upon presentation of compliant documents
10. Governing Law Statement: Clear statement that the LC is governed by South African law
1. Automatic Extension Clause: Optional clause specifying conditions for automatic extension of the LC validity period
2. Partial Drawings: Section specifying whether partial drawings are allowed, include when multiple drawing periods are anticipated
3. Transfer Rights: Section specifying whether the LC is transferable, include when the beneficiary might need to transfer rights
4. Force Majeure Provisions: Additional provisions for force majeure events, include for long-term utility arrangements
5. Multiple Currency Provisions: Provisions for handling multiple currencies, include when cross-border utilities are involved
1. Schedule A - Utility Service Specifications: Detailed description of the utility services covered by the LC
2. Schedule B - Drawing Certificate Template: Standard format for the beneficiary to use when making a drawing under the LC
3. Schedule C - Payment Schedule: Detailed breakdown of payment amounts and due dates if applicable
4. Appendix 1 - Required Documentation Format: Templates and formats for all required supporting documentation
5. Appendix 2 - Communication Procedures: Detailed procedures for communications between all parties
Applicant
Banking Day
Beneficiary
Complying Presentation
Confirmation
Credit Amount
Drawing
Drawing Certificate
Effective Date
Expiry Date
Force Majeure Event
Governing Law
ICC
Issuing Bank
Letter of Credit
Notice of Drawing
Payment Terms
Presentation
Required Documents
SWIFT
UCP 600
Utility Services
Utility Provider
Utility Charges
Usage Period
Service Agreement
Security Amount
Standby Letter of Credit
Supporting Documents
Transfer Rights
Validity Period
Validity Period
Drawing Rights
Payment Obligations
Document Presentation
Notice Requirements
Bank Obligations
Governing Law
Force Majeure
Assignment and Transfer
Amendment
Termination
Documentary Requirements
Fees and Charges
Default Events
Dispute Resolution
Communications
Regulatory Compliance
Representations and Warranties
Automatic Extension
Partial Drawings
Document Examination
Confidentiality
Authorized Signatories
Sanctions Compliance
Banking and Financial Services
Utilities and Energy
Infrastructure
Mining
Manufacturing
Commercial Real Estate
Industrial Development
Telecommunications
Water Services
Power Generation
Legal
Finance
Treasury
Risk Management
Procurement
Compliance
Operations
Facilities Management
Trade Finance
Credit Management
Commercial Operations
Utility Management
Chief Financial Officer
Treasury Manager
Utilities Manager
Financial Director
Risk Manager
Commercial Director
Legal Counsel
Compliance Officer
Credit Manager
Procurement Manager
Facilities Manager
Operations Director
Banking Relationship Manager
Trade Finance Manager
Utility Services Coordinator
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