A Bond Letter of Credit is a crucial financial instrument in Australian commercial practice, particularly used in situations where one party requires security for performance or payment obligations. This document is commonly employed in large-scale projects, international trade, and construction contracts where substantial financial guarantees are necessary. The Bond Letter of Credit combines elements of traditional letters of credit with specific features of bonds and guarantees, providing a secure and internationally recognized form of financial security. It is governed by Australian banking and financial services laws, while also adhering to international banking practices and standards. The document typically includes detailed provisions for drawing conditions, validity periods, and compliance requirements, offering protection to both the beneficiary and the applicant while ensuring clarity in the bank's obligations.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let tiktok˰'s market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Issuing Bank Details: Complete details of the bank issuing the letter of credit, including name, address, and reference numbers
2. Beneficiary Details: Full identification and contact details of the party in whose favor the letter of credit is issued
3. Applicant Details: Complete information about the party requesting the letter of credit
4. Date and Place of Issue: Specific date and location where the letter of credit is issued
5. Credit Number: Unique identification number for the letter of credit
6. Bond Reference: Details of the underlying bond or guarantee this letter of credit is supporting
7. Amount and Currency: Specific amount and currency of the letter of credit, written in both figures and words
8. Type of Credit: Specification that this is an irrevocable standby letter of credit
9. Expiry Details: Clear statement of expiry date and place
10. Drawing Terms: Specific conditions and documentation required for drawing under the letter of credit
11. Payment Terms: Details of how and when payment will be made upon compliant presentation
12. Governing Law: Statement that the letter of credit is governed by Australian law and relevant international conventions
1. Partial Drawings: Include when multiple partial drawings are to be permitted under the letter of credit
2. Transfer Provisions: Include when the letter of credit needs to be transferable to other parties
3. Rolling Clause: Include when automatic extension/renewal provisions are required
4. Counter-Guarantee: Include when there is a counter-guarantee arrangement involved
5. Special Conditions: Include when there are additional specific conditions or requirements unique to this transaction
6. Force Majeure Clause: Include when specific force majeure provisions need to be detailed beyond standard banking practice
1. Schedule A - Required Documents: Detailed list of all documents required for presentation under the letter of credit
2. Schedule B - Form of Demand: Prescribed format for making a compliant demand under the letter of credit
3. Schedule C - Form of Transfer Request: Standard form for requesting transfer of the letter of credit (if transferable)
4. Appendix 1 - Bond Terms Reference: Summary or extract of relevant underlying bond terms
5. Appendix 2 - Bank Contact Details: Complete contact information for relevant banking departments and officials
Relevant legal definitions
Clauses
Relevant Industries
Construction
Infrastructure
Mining
Energy
International Trade
Financial Services
Manufacturing
Engineering
Government and Public Sector
Telecommunications
Real Estate Development
Transportation
Relevant Teams
Treasury
Finance
Legal
Commercial
Risk Management
Trade Finance
Operations
Procurement
Compliance
Credit Management
Relevant Roles
Treasury Manager
Chief Financial Officer
Finance Director
Project Manager
Contract Manager
Trade Finance Manager
Banking Relationship Manager
Risk Manager
Commercial Director
Legal Counsel
Financial Controller
Procurement Manager
Operations Director
Credit Manager
Compliance Officer
Find the exact document you need
Credit Card Increase Limit Letter
An Australian-compliant formal letter offering a credit card limit increase to an existing cardholder, including regulatory disclosures and terms.
find out more
SBLC For Buyers Credit
An Australian-law governed Standby Letter of Credit securing buyer's credit facilities, providing bank-backed payment assurance in commercial transactions.
find out more
Letter Of Credit Transaction
An Australian-compliant Letter of Credit document that facilitates secure international trade transactions under UCP 600 rules and Australian banking regulations.
find out more
Letter Of Credit Collection
An Australian-compliant banking document that provides instructions for collecting payment against trade documents through the banking system.
find out more
Lc Issuance
An Australian-law governed Letter of Credit document that provides payment security in international trade transactions through bank-backed guarantees.
find out more
Credit Decline Letter
An Australian-compliant formal letter informing applicants of an unsuccessful credit application, including decline reasons and customer rights information.
find out more
Standby Guarantee
An Australian law-governed financial instrument where a bank guarantees payment to a beneficiary upon demand if specified obligations are not met.
find out more
SBLC Dlc
An Australian law-governed bank undertaking providing payment security through either Standby or Documentary Letter of Credit arrangements.
find out more
Irrevocable Letter Of Credit Cost
An Australian-compliant financial instrument detailing the costs and terms of an irrevocable letter of credit, providing secure payment guarantees in international trade transactions.
find out more
Import Export Lc
An Australian-law governed Letter of Credit agreement that establishes secure payment terms and documentation requirements for international trade transactions.
find out more
Credit Letter In Business Communication
An Australian-compliant business document that formally establishes credit terms and conditions between commercial entities.
find out more
Credit Card Noc Letter
An Australian-compliant formal letter confirming credit card account closure and settlement of all dues, issued by financial institutions to cardholders.
find out more
Collateral For Letter Of Credit
An Australian law-governed agreement establishing security arrangements for letter of credit facilities through asset pledging and collateral management.
find out more
90 Days Usance Lc
An Australian law-governed Letter of Credit document providing 90-day deferred payment terms for international trade transactions.
find out more
180 Days Usance Lc
An Australian law-governed trade finance instrument providing 180-day deferred payment terms with bank guarantee for international trade transactions.
find out more
Cash Backed SBLC
Australian law-governed agreement for Cash Backed Standby Letter of Credit, detailing terms, conditions, and cash backing requirements.
find out more
SBLC Transferable
An Australian law-governed Transferable Standby Letter of Credit that provides a transferable bank payment guarantee, combining local regulations with international banking standards.
find out more
Export Lc Discounting
An Australian law-governed agreement for discounting export letters of credit, establishing terms between financial institutions and exporters for early payment against LC rights.
find out more
SBLC Non Recourse Loan
An Australian law-governed agreement for a non-recourse loan facility secured by a Standby Letter of Credit, limiting the lender's recourse to the SBLC collateral.
find out more
SBLC Trade Program
Australian law-governed agreement establishing an SBLC Trade Program framework for international trade transactions.
find out more
Credit Facility Offer Letter
An Australian-compliant formal letter from a financial institution offering credit facilities to a borrower, detailing key terms and conditions of the proposed facility.
find out more
Banker's Usance Lc
An Australian-compliant financial instrument providing bank-guaranteed deferred payment terms in international trade, governed by Australian banking laws and UCP 600.
find out more
Application For Letter Of Credit
An Australian-compliant formal application to a bank requesting the issuance of a Letter of Credit for international trade transactions.
find out more
Usance Lc Discounting
An Australian-law governed agreement for discounting Usance Letters of Credit, enabling exporters to receive early payment on deferred-payment LCs through banking arrangements.
find out more
Revolving SBLC
An Australian law-governed agreement establishing a Revolving Standby Letter of Credit facility with automatic reinstatement provisions.
find out more
Payment Terms Dlc
An Australian law-governed agreement establishing terms and conditions for Documentary Letter of Credit arrangements in international trade transactions.
find out more
Non Transferable SBLC
An Australian law-governed Non-Transferable Standby Letter of Credit providing bank-issued financial guarantee with restricted drawing rights to the named beneficiary only.
find out more
Negotiation Bank In Lc
An Australian-law governed agreement setting out terms and conditions for Letter of Credit negotiations between banks and trading parties.
find out more
Letter Of Credit Discounting Charges
An Australian-law governed document specifying terms and charges for Letter of Credit discounting services provided by a bank to its client.
find out more
Irrevocable Lc Payment Terms
Australian-law governed Irrevocable Letter of Credit payment terms document specifying conditions and requirements for international trade financing.
find out more
Credit Card Clearance Letter
An Australian-compliant formal document confirming the full settlement and closure of a credit card account, issued by financial institutions under Australian banking and consumer credit regulations.
find out more
Freely Negotiable Letter Of Credit
An Australian law-governed banking instrument that provides secure, flexible payment in international trade, allowing negotiation with any bank under UCP 600 rules.
find out more
Small Business Letter Of Credit
An Australian-compliant bank guarantee document that secures payment in international trade for small businesses, providing assurance to sellers while protecting buyers' interests.
find out more
Red Letter Of Credit
An Australian-compliant Red Letter of Credit document enabling advance payment facilities in international trade, subject to Australian banking regulations and UCP 600.
find out more
Loan Facility Letter
An Australian law-governed document setting out terms and conditions for a lending facility, serving as a binding agreement between lender and borrower.
find out more
Non Operative Letter Of Credit
An Australian-compliant banking instrument that serves as a conditional payment guarantee in international trade, marked as non-operative pending fulfillment of specific conditions.
find out more
Letter Of Credit In Logistics
An Australian-law governed financial instrument issued by banks to facilitate secure international trade transactions, combining payment assurance with logistics requirements.
find out more
Letter Of Credit 90 Days
An Australian-compliant 90-day Letter of Credit document that serves as a bank's irrevocable payment guarantee in international trade transactions.
find out more
Letter Of Credit 60 Days
An Australian-law governed Letter of Credit providing 60-day deferred payment terms for international trade transactions, compliant with UCP 600 and local banking regulations.
find out more
Letter Of Credit 30 Days
An Australian-law governed Letter of Credit providing 30-day payment terms for international trade transactions, ensuring secure payment through banking channels.
find out more
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s 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)