The Non-Operative SBLC is a crucial financial instrument in Malaysian banking and international trade transactions. It is typically used when parties require a bank-backed guarantee for significant commercial transactions, particularly in cross-border deals. The document is structured to comply with Malaysian banking regulations, specifically the Financial Services Act 2013, while adhering to international banking practices. A Non Operative SBLC differs from an operative SBLC in that it serves purely as a contingent payment mechanism, typically remaining unused throughout its tenure unless a specific trigger event occurs. It contains essential elements such as the guaranteed amount, validity period, triggering conditions, and claim procedures, providing security to the beneficiary while maintaining the applicant's financial flexibility.
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1. Bank Reference Number: Unique identifier for the SBLC
2. Date: Issue date of the SBLC
3. Beneficiary Details: Complete name and address of the party in whose favor the SBLC is issued
4. Applicant Details: Complete name and address of the party requesting the SBLC
5. Currency and Amount: Specified currency and amount of the SBLC in both figures and words
6. Expiry Date: Date and place of expiry of the SBLC
7. Form of Presentation: Format and method for presenting documents
8. Governing Law and Jurisdiction: Specification of Malaysian law and jurisdiction
9. Purpose of SBLC: Clear statement of the underlying transaction or obligation
10. Terms and Conditions: Essential conditions for claiming under the SBLC
11. Bank Authorization: Authorized signatures and bank stamp
1. Partial Drawings: Include when multiple partial drawings are permitted under the SBLC
2. Transfer Rights: Include when the SBLC is transferable to other parties
3. Force Majeure Clause: Include when specific force majeure provisions are required
4. Amendment Conditions: Include when specific amendment procedures need to be detailed
5. Language Preference: Include when the SBLC needs to be issued in multiple languages
6. Special Instructions: Include when there are unique requirements for document presentation or processing
1. Schedule A - Document Requirements: Detailed list of required documents for SBLC claim
2. Schedule B - Form of Demand: Template for making a claim under the SBLC
3. Schedule C - Underlying Contract Details: Summary of the underlying transaction or agreement
4. Appendix 1 - Bank's Standard Terms: Standard terms and conditions of the issuing bank
5. Appendix 2 - Authorization Documents: Copies of relevant authorization documents and powers of attorney
6. Appendix 3 - Communication Procedures: Detailed procedures for communications between parties
Relevant legal definitions
Clauses
Relevant Industries
Banking and Financial Services
International Trade
Manufacturing
Construction
Energy
Infrastructure
Real Estate
Mining
Oil and Gas
Telecommunications
Export/Import
Shipping and Logistics
Relevant Teams
Legal
Finance
Treasury
Trade Finance
Compliance
Risk Management
Corporate Banking
International Banking
Credit Administration
Documentary Credits
Relevant Roles
Trade Finance Manager
Corporate Banking Officer
Chief Financial Officer
Treasury Manager
Finance Director
Credit Risk Manager
Compliance Officer
Legal Counsel
Documentary Credits Specialist
International Trade Specialist
Banking Operations Manager
Senior Relationship Manager
Transaction Banking Officer
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