The LC Document serves as a fundamental instrument in international trade finance, providing payment security through bank intermediation. Under Swiss jurisdiction, which is renowned for its sophisticated banking and financial services framework, the Letter of Credit offers enhanced reliability and legal certainty. This document type is typically used when parties seek to mitigate payment risks in cross-border transactions, particularly where the parties may not have established trading relationships. The LC Document includes specific terms regarding payment conditions, document requirements, and compliance criteria, all structured within the context of Swiss banking law while adhering to international banking practices such as UCP 600. Switzerland's neutral position in international trade and its well-developed banking system make this jurisdiction particularly attractive for LC transactions.
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Key Requirements PROMPT example:
Lc Document
"I need an LC Document for a Swiss machinery export transaction worth CHF 2.5 million, with quarterly shipments throughout 2025, including specific provisions for pre-shipment inspection and partial payments."
1. LC Number and Date: Unique identification number of the LC and date of issuance
2. Form of Credit: Specification whether the LC is irrevocable (as per UCP 600, all LCs are irrevocable)
3. Issuing Bank Details: Complete name and address of the issuing bank
4. Applicant Details: Full name and address of the party requesting the LC (buyer/importer)
5. Beneficiary Details: Full name and address of the party in whose favor the LC is issued (seller/exporter)
6. Currency and Amount: Currency and amount of the LC in both figures and words
7. Available With/By: Specification of where and how the credit is available (payment, acceptance, negotiation)
8. Expiry Date and Place: Final date and location for presentation of documents
9. Shipment Terms: Latest shipment date and partial/transhipment conditions
10. Document Requirements: List of required documents for LC compliance
11. Goods Description: Brief description of merchandise, quantity, unit price
12. Payment Terms: Timing and conditions of payment
13. Banking Charges: Allocation of banking charges between parties
1. Transferability Clause: Include when the LC needs to be transferable to a second beneficiary
2. Red Clause: Include when advance payment to the beneficiary is permitted
3. Revolving Credit Terms: Include for LCs that reinstate automatically for recurring shipments
4. Confirmation Instructions: Include when confirmation by another bank is required
5. Back-to-Back Provisions: Include when the LC supports a back-to-back LC arrangement
6. Standby Provisions: Include for standby LCs used as security rather than payment mechanism
7. Green Clause: Include when warehouse storage of goods is involved with advance payment
8. Special Conditions: Include any additional terms specific to the transaction
1. Schedule A - Document Requirements: Detailed list and format of required documents including specific wording requirements
2. Schedule B - Technical Specifications: Detailed technical description of goods or services
3. Schedule C - Shipping Terms: Detailed shipping instructions and requirements
4. Schedule D - Testing/Inspection Requirements: Specifications for any required testing or inspection procedures
5. Appendix 1 - Pro-forma Invoice: Copy of the pro-forma invoice referenced in the LC
6. Appendix 2 - Contract Reference: Details of the underlying commercial contract
7. Appendix 3 - Special Instructions: Any additional instructions for document preparation or shipment
8. Appendix 4 - Bank Format Requirements: Specific formatting requirements for banking documents
Authors
Relevant legal definitions
Advising Bank
Applicant
Banking Day
Beneficiary
Bill of Exchange
Bill of Lading
Complying Presentation
Confirmation
Confirming Bank
Credit
Documents
Draft
Expiry Date
Force Majeure
Goods
Honour
Issuing Bank
Letter of Credit
Negotiation
Nominated Bank
Presentation
Presenter
Reimbursing Bank
Shipping Documents
Sight Payment
Transferable Credit
UCP 600
Underlying Transaction
Commercial Invoice
Certificate of Origin
Insurance Document
Packing List
Clean On Board
Port of Loading
Port of Discharge
Shipment
Transhipment
Partial Shipment
Banking Charges
Documentary Requirements
Applicable Law
Governing Law
Place of Expiry
Available With
Tolerance
Latest Shipment Date
Applicant
Banking Day
Beneficiary
Bill of Exchange
Bill of Lading
Complying Presentation
Confirmation
Confirming Bank
Credit
Documents
Draft
Expiry Date
Force Majeure
Goods
Honour
Issuing Bank
Letter of Credit
Negotiation
Nominated Bank
Presentation
Presenter
Reimbursing Bank
Shipping Documents
Sight Payment
Transferable Credit
UCP 600
Underlying Transaction
Commercial Invoice
Certificate of Origin
Insurance Document
Packing List
Clean On Board
Port of Loading
Port of Discharge
Shipment
Transhipment
Partial Shipment
Banking Charges
Documentary Requirements
Applicable Law
Governing Law
Place of Expiry
Available With
Tolerance
Latest Shipment Date
Clauses
Credit Availability
Document Presentation
Payment Terms
Expiry and Validity
Force Majeure
Document Examination
Banking Charges
Governing Law
Dispute Resolution
Assignment
Transfer Rights
Amendment Conditions
Bank Obligations
Discrepancy Handling
Document Requirements
Shipping Terms
Compliance Requirements
Representations and Warranties
Notices
Reimbursement
Jurisdiction
Severability
Confidentiality
Anti-Money Laundering
Sanctions Compliance
Default Events
Time Limits
Language
Indemnification
Liability Limitation
Document Presentation
Payment Terms
Expiry and Validity
Force Majeure
Document Examination
Banking Charges
Governing Law
Dispute Resolution
Assignment
Transfer Rights
Amendment Conditions
Bank Obligations
Discrepancy Handling
Document Requirements
Shipping Terms
Compliance Requirements
Representations and Warranties
Notices
Reimbursement
Jurisdiction
Severability
Confidentiality
Anti-Money Laundering
Sanctions Compliance
Default Events
Time Limits
Language
Indemnification
Liability Limitation
Relevant Industries
Banking and Financial Services
International Trade
Manufacturing
Import/Export
Retail
Commodities Trading
Agriculture
Energy
Mining
Textiles
Electronics
Automotive
Pharmaceuticals
Construction
Heavy Industry
Relevant Teams
Trade Finance
International Banking
Documentary Credits
Risk Management
Compliance
Treasury
International Sales
Procurement
Supply Chain Operations
Credit Administration
Legal
Operations
Global Transaction Banking
International Business Development
Relevant Roles
Trade Finance Manager
International Banking Officer
Documentary Credits Specialist
Export Finance Manager
Import Operations Manager
Trade Operations Officer
Compliance Officer
Credit Risk Manager
International Business Development Manager
Treasury Manager
Supply Chain Manager
Chief Financial Officer
International Sales Director
Procurement Manager
Banking Relationship Manager
Documentary Collections Officer
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