The Letter of Credit 30 Days is a fundamental trade finance instrument used to facilitate secure international trade transactions under Belgian jurisdiction. It serves as a bank-issued guarantee of payment, providing security to sellers while offering buyers a 30-day payment window. This document type is particularly crucial when parties seek a balanced approach between immediate payment security and short-term trade credit. The LC incorporates Belgian law, EU regulations, and UCP 600 rules, making it suitable for both European and international trade relationships. It includes detailed specifications for document presentation, payment terms, and compliance requirements, typically used in situations where parties need a formal banking channel to secure their trade obligations while maintaining working capital efficiency through the 30-day payment structure.
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1. Bank Details: Full details of the issuing bank, including name, address, and SWIFT code
2. Reference Information: LC number, date of issuance, and expiry date
3. Applicant Information: Complete details of the party requesting the LC (buyer)
4. Beneficiary Information: Complete details of the party receiving the LC (seller)
5. Amount and Currency: Maximum credit amount and currency designation
6. Payment Terms: Specification of 30-day payment terms and conditions for triggering payment
7. Required Documents: List of documents required for presentation (shipping documents, invoices, etc.)
8. Shipment Terms: Details of shipment including latest shipment date and destination
9. Presentation Period: Time period within which documents must be presented after shipment
10. Governing Law: Statement of Belgian law governance and UCP 600 application
1. Transferability Clause: Include when the LC needs to be transferable to another beneficiary
2. Revolving Terms: Include for recurring trade relationships where the LC automatically renews
3. Partial Shipment Terms: Include when partial shipments are allowed or prohibited
4. Red Clause: Include when advance payment to the beneficiary is permitted
5. Back-to-Back Provisions: Include when the LC supports a back-to-back LC arrangement
6. Force Majeure Clause: Include specific force majeure terms beyond standard UCP provisions
7. Special Instructions: Include any unique handling or processing requirements
1. Schedule A - Commercial Invoice Requirements: Detailed requirements for invoice presentation including required content and format
2. Schedule B - Transport Document Requirements: Specific requirements for bills of lading or other transport documents
3. Schedule C - Insurance Document Requirements: Requirements for insurance certificates or policies if required
4. Appendix 1 - Document Checking Criteria: Specific criteria for document examination under UCP 600
5. Appendix 2 - SWIFT Message Format: Technical specifications for SWIFT MT 700 series message format
6. Appendix 3 - Fee Schedule: Breakdown of banking fees and charges applicable to the LC
Relevant legal definitions
Clauses
Relevant Industries
International Trade
Banking and Financial Services
Manufacturing
Import/Export
Wholesale Trade
Retail
Commodities Trading
Shipping and Logistics
Agriculture
Mining and Resources
Industrial Equipment
Consumer Goods
Relevant Teams
Finance
International Trade
Treasury
Procurement
Legal
Compliance
Risk Management
Trade Operations
Supply Chain
Credit Control
Banking Relations
Relevant Roles
Trade Finance Manager
International Sales Director
Import/Export Manager
Treasury Manager
Finance Director
Procurement Manager
Credit Controller
Banking Relations Manager
Trade Operations Officer
Compliance Officer
Documentary Credits Specialist
Chief Financial Officer
Supply Chain Manager
Commercial Director
Risk Manager
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