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The Documentary LC is a fundamental instrument in international trade finance, providing security and payment assurance to parties involved in cross-border transactions. When operating under Belgian law, the Documentary LC combines local banking regulations, EU directives, and international banking practices (particularly UCP 600), creating a robust framework for trade finance. This document is typically used when there's a need for a secure payment mechanism in international trade, especially when parties don't have established trading relationships or when required by regulatory or commercial considerations. It contains detailed specifications for required documents, payment terms, and conditions that must be met before payment is released, while ensuring compliance with Belgian anti-money laundering regulations and European banking standards.

1. Issuing Bank Details: Complete name, address, and reference numbers of the issuing bank

2. LC Number and Date: Unique documentary credit number and date of issuance

3. Applicant Details: Full name and address of the party requesting the LC

4. Beneficiary Details: Full name and address of the party in whose favor the LC is issued

5. Currency and Amount: Specified currency and maximum amount available under the LC

6. Form of Documentary Credit: Specification that this is an irrevocable documentary credit

7. Expiry Details: Expiry date and place for presentation of documents

8. Available With: Nominated bank details and manner of availability (payment, acceptance, negotiation)

9. Shipment Terms: Latest shipment date, partial shipments, transhipment provisions

10. Required Documents: Detailed list of all required documents and their specifications

11. Additional Conditions: Any special conditions or requirements

12. Charges: Specification of which party bears which bank charges