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1. Bank Letterhead and Reference Number: Issuing bank's official letterhead, L/C number, and date of issuance
2. Type of Credit: Clear indication that this is an irrevocable letter of credit
3. Applicant Details: Full name and address of the party requesting the L/C (buyer/importer)
4. Beneficiary Details: Full name and address of the party in whose favor the L/C is issued (seller/exporter)
5. Currency and Amount: The currency and amount of the L/C, both in figures and words
6. Expiry Date and Place: Clear statement of when and where the L/C expires
7. Available With/By: Specification of how the credit is available (payment, acceptance, negotiation) and with which bank
8. Documents Required: Detailed list of all required documents for presentation
9. Shipment Terms: Details of goods, shipping method, port of loading/discharge, and latest shipment date
10. Payment Terms: Specific conditions and timing of payment
11. Special Conditions: Any specific requirements or conditions that must be met
12. UCP Declaration: Statement that the L/C is subject to UCP 600
13. Authentication: Authorized signatures and bank stamps
1. Transferability Clause: Include when the L/C needs to be transferable to a second beneficiary
2. Confirmation Instructions: Include when confirmation from another bank is required
3. Red Clause: Include when advance payment to the beneficiary is permitted
4. Green Clause: Include when storage-related advance payment is permitted
5. Revolving Credit Terms: Include for automatically renewing L/Cs
6. Back-to-Back Provisions: Include when the L/C will be used to support another L/C
7. Islamic Banking Compliance: Include when the L/C needs to be Sharia-compliant
8. Standby Provisions: Include when the L/C serves as a standby instrument
1. Schedule A - Commercial Invoice Requirements: Detailed specifications for the format and content of commercial invoices
2. Schedule B - Transport Document Requirements: Specific requirements for bills of lading or other transport documents
3. Schedule C - Goods Specification: Detailed description of goods, including technical specifications
4. Schedule D - Insurance Requirements: Specific requirements for insurance coverage and documentation
5. Appendix 1 - Required Document Formats: Sample formats for required documents
6. Appendix 2 - Bank's Standard Charges: Schedule of applicable bank charges and fees
7. Appendix 3 - Authorized Signatories: List of authorized signatories and specimen signatures
Banking & Financial Services
International Trade
Import/Export
Manufacturing
Retail
Commodities Trading
Oil & Gas
Construction
Logistics & Supply Chain
Maritime Transport
Agriculture
Wholesale Distribution
Legal
Finance
Treasury
Trade Operations
Compliance
Risk Management
Procurement
Supply Chain
Commercial Operations
Banking Operations
International Trade
Documentation
Trade Finance Manager
Import/Export Manager
Treasury Manager
Financial Controller
Chief Financial Officer
Banking Operations Manager
Documentary Credits Specialist
Trade Operations Officer
Compliance Officer
Legal Counsel
Risk Manager
Supply Chain Manager
Procurement Manager
Commercial Director
Banking Relationship Manager
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