A Letter of Credit in Logistics is a fundamental trade finance instrument used in international commerce, particularly relevant within the UAE's dynamic trading environment. This document is essential when businesses require a secure payment method for international trade transactions involving physical goods movement. It combines banking guarantees with logistics requirements, ensuring that payment is made only when specific shipping and documentation conditions are met. The document operates under UAE Federal Laws, particularly UAE Federal Law No. 18 of 1993 (Commercial Code) and UAE Federal Law No. 10 of 1980 (Central Bank Law), while also adhering to international banking standards (UCP 600). It's particularly valuable for transactions through UAE's prominent trading hubs and free zones, offering protection to both importers and exporters by creating a secure framework for international trade payments tied to logistics milestones.
Your data doesn't train Genie's AI
You keep IP ownership聽of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let tiktok成人版's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Letter Reference and Date: Unique L/C reference number and issuance date
2. Parties Identification: Full details of the issuing bank, applicant (buyer), and beneficiary (seller)
3. Credit Amount and Currency: Specific amount of the L/C and currency denomination
4. Type of Credit: Specification of whether irrevocable, confirmed, transferable, etc.
5. Shipment Terms: Details of shipment including latest shipment date, partial shipments, transhipment permissions
6. Document Requirements: List of required documents (commercial invoice, transport documents, certificates, etc.)
7. Goods Description: Detailed description of goods being traded
8. Expiry Date and Place: Validity period and location for document presentation
9. Payment Terms: Specification of payment conditions (at sight, deferred payment, etc.)
10. Presentation Period: Timeframe within which documents must be presented after shipment
1. Insurance Requirements: Used when insurance coverage needs to be specified explicitly
2. Special Conditions for Perishable Goods: Include when dealing with temperature-sensitive or perishable items
3. Free Zone Specifications: Required when goods are being traded through UAE free zones
4. Islamic Banking Compliance: Include when L/C needs to comply with Shariah principles
5. Agency Arrangements: When involving freight forwarders or logistics agents
6. Customs Requirements: Special customs documentation or procedures
7. Special Handling Instructions: For dangerous goods or special cargo requirements
1. Schedule A - Document Checklist: Detailed list of required documents with specific format requirements
2. Schedule B - Goods Specification: Detailed technical specifications of goods
3. Schedule C - Shipping Schedule: Timeline and logistics milestones
4. Appendix 1 - Bank Forms: Standard forms required by the issuing bank
5. Appendix 2 - Incoterms Declaration: Specific Incoterms applicable to the transaction
6. Appendix 3 - Authorized Signatories: List of authorized signatories for document verification
7. Appendix 4 - Compliance Certificates: Required quality, origin, or inspection certificates
Relevant legal definitions
Clauses
Relevant Industries
International Trade
Logistics and Transportation
Manufacturing
Retail
Oil and Gas
Construction Materials
Pharmaceuticals
Food and Beverage
Automotive
Electronics
Textiles
Chemical Industry
Agriculture
Relevant Teams
Finance
International Trade Operations
Logistics
Supply Chain
Legal
Compliance
Documentation
Treasury
Procurement
Shipping Operations
Risk Management
Trade Finance
Commercial Banking
Relevant Roles
Trade Finance Manager
Logistics Manager
Supply Chain Director
Import/Export Coordinator
Documentary Credit Specialist
International Trade Compliance Officer
Shipping Manager
Procurement Manager
Finance Director
Treasury Manager
Commercial Banking Officer
Operations Manager
Documentation Specialist
Credit Control Manager
Global Trade Operations Manager
Find the exact document you need
Application Letter For Lc
A UAE-compliant formal application to a bank requesting the issuance of a Letter of Credit, governed by UAE banking regulations and international UCP 600 rules.
find out more
Loan Against Letter Of Credit
UAE-governed loan agreement securing finance against a Letter of Credit, compliant with UAE banking and commercial laws.
find out more
Collateral For Letter Of Credit
A UAE law-governed security agreement establishing collateral arrangements to secure Letter of Credit obligations, compliant with UAE banking regulations and commercial law.
find out more
180 Days Usance Lc
A UAE-governed financial instrument providing 180-day deferred payment terms in international trade, backed by bank guarantee and regulated under UAE commercial law.
find out more
Export Lc Discounting
UAE-governed agreement for discounting export Letters of Credit, establishing terms between financial institutions and exporters for early payment against LCs.
find out more
Cash Collateralized Letter Of Credit
UAE law-governed agreement for issuing Letters of Credit backed by cash collateral, establishing terms between bank and applicant under UAE Commercial Transactions Law.
find out more
Application For Letter Of Credit
A UAE-compliant formal application to a bank requesting the issuance of a Letter of Credit for securing international trade transactions, governed by UAE Commercial Law and UCP 600.
find out more
Letter To Bank For Reversal Of Amount
A formal request letter to UAE banks for reversing a transaction amount, complying with UAE banking regulations and providing necessary transaction details.
find out more
Contour Letter Of Credit
A UAE law-governed digital Letter of Credit issued via the Contour platform, providing secure payment guarantee in international trade transactions.
find out more
Loan Against Irrevocable Lc
UAE law-governed financing agreement for loans secured against irrevocable Letters of Credit, incorporating UAE banking regulations and commercial code requirements.
find out more
Usance Lc Discounting
UAE-governed agreement for discounting Usance Letters of Credit, facilitating trade finance between banks and exporters under UAE banking regulations.
find out more
Transferring Bank In Lc
UAE-governed document establishing terms and conditions for Letter of Credit transfers through a Transferring Bank, compliant with UAE banking laws and regulations.
find out more
Sight Lc And Usance Lc
UAE-governed Letter of Credit document for international trade, offering either immediate (Sight) or deferred (Usance) payment terms under UAE law and UCP 600.
find out more
Revolving SBLC
UAE law-governed Revolving SBLC agreement establishing an automatically reinstating credit facility, compliant with UAE banking regulations and international standards.
find out more
Payment Terms Dlc
UAE-governed payment terms document for Documentary Letters of Credit, incorporating local banking regulations and international practices.
find out more
Payment Against Lc
UAE-governed document establishing terms and conditions for Letter of Credit payment arrangements in international trade transactions.
find out more
Non Transferable SBLC
A UAE-governed banking instrument providing payment guarantee from a bank to a specific, non-transferable beneficiary, subject to defined conditions.
find out more
Non Transferable Letter Of Credit
A UAE-governed banking instrument that provides payment security in international trade while explicitly prohibiting transfer of drawing rights to third parties.
find out more
Non Operative SBLC
A UAE-governed standby letter of credit serving as a bank-issued payment guarantee in international trade, compliant with UAE Federal Laws and international banking practices.
find out more
Negotiation Bank In Lc
UAE-governed agreement establishing terms for Letter of Credit negotiations between banks and beneficiaries, aligned with UAE banking laws and international practices.
find out more
Negotiable Lc
A UAE-governed banking instrument that provides payment security in international trade, combining local UAE banking regulations with international standards for letter of credit transactions.
find out more
Mixed Payment Lc
A UAE-law governed trade finance instrument combining immediate and deferred payment mechanisms for international trade transactions.
find out more
Letter Of Credit For Domestic Transactions
A UAE-governed banking instrument that guarantees payment for domestic transactions between UAE-based parties, subject to the presentation of compliant documents.
find out more
Letter Of Credit Discounting Charges
A UAE-governed banking document that specifies all charges and terms related to Letter of Credit discounting services.
find out more
Letter Of Credit Available With
A UAE-governed banking instrument that specifies the nominated bank where a Letter of Credit is available and how it can be utilized in international trade transactions.
find out more
Letter For OverFacility
A UAE-governed banking document that establishes an overdraft facility agreement between a bank and customer, specifying credit limits and terms under UAE banking regulations.
find out more
Lc In Purchase Order
A UAE-governed financial instrument combining Letter of Credit requirements with purchase order specifications, providing payment security and transaction details under UAE commercial law.
find out more
Irrevocable Non Transferable Letter Of Credit
A UAE-governed banking instrument providing guaranteed payment in international trade, issued as an irrevocable and non-transferable commitment under UAE Commercial Code and UCP 600.
find out more
Irrevocable Lc Payment Terms
UAE-governed payment terms document for irrevocable letters of credit, establishing secure international trade payment conditions under UAE law and UCP 600.
find out more
Direct Pay Standby Letter Of Credit
A UAE-governed banking instrument providing irrevocable payment commitment upon document presentation, combining local banking laws with international practices.
find out more
Cumulative Revolving Letter Of Credit
UAE-governed trade finance instrument establishing an automatically reinstating credit facility for multiple drawings, compliant with UAE banking laws and UCP 600.
find out more
Credit Card Clearance Letter
A UAE-compliant formal confirmation letter issued by a bank declaring full settlement and closure of a credit card account with no outstanding obligations.
find out more
Freely Negotiable Letter Of Credit
A UAE-governed banking instrument that provides a secure payment mechanism in international trade, allowing for negotiation by any bank worldwide.
find out more
Verbiage Letter Of Credit
A UAE-governed banking instrument that guarantees payment in international trade transactions, subject to UAE Commercial Code and UCP 600 rules.
find out more
Transferable Lc At Sight
A UAE-governed financial instrument allowing transfer of letter of credit rights with payment at sight, facilitating secure international trade transactions.
find out more
Straight Letter Of Credit
A UAE-governed banking instrument providing secure payment guarantee in international trade transactions, subject to UAE Federal Law and UCP 600.
find out more
Small Business Letter Of Credit
A UAE-governed Letter of Credit document providing payment security for small businesses in international trade transactions, complying with UAE banking laws and UCP 600.
find out more
Loan Facility Letter
A UAE-governed document issued by a financial institution outlining loan facility terms and conditions, compliant with UAE banking and commercial laws.
find out more
Non Operative Letter Of Credit
A UAE-governed preliminary Letter of Credit that outlines terms and conditions but remains inoperative until specific conditions are met, following UAE banking regulations and UCP 600.
find out more
Letter Of Credit In Logistics
A UAE-governed banking instrument that guarantees payment in international trade transactions upon presentation of compliant logistics and shipping documents.
find out more
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)