The Letter of Credit 30 Days is a specialized trade finance instrument used in international commercial transactions where payment security and deferred payment terms are required. This document type is particularly relevant when trading parties seek a balance between immediate shipment and delayed payment, with the credit being payable 30 days after presentation of compliant documents. Governed by Swiss law, which is renowned for its sophisticated banking and financial regulations, this LC provides a secure and reliable payment mechanism. It incorporates elements of Swiss banking law, international trade practices (UCP 600), and includes specific provisions for document presentation, examination, and payment terms. The document is commonly used in established trading relationships where the seller is comfortable with the 30-day payment deferral, backed by bank security.
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1. Letter Reference Number and Date: Unique LC identification number and issuance date
2. Applicant Details: Full name, address, and contact information of the party requesting the LC (buyer/importer)
3. Beneficiary Details: Full name, address, and contact information of the party receiving the LC (seller/exporter)
4. Issuing Bank Details: Name and details of the bank issuing the LC
5. Credit Amount and Currency: Specified amount and currency of the LC
6. Type and Form of Credit: Specification that this is a 30-day LC and whether it's irrevocable (standard under UCP 600)
7. Expiry Date and Place: Clear statement of when and where the LC expires
8. Payment Terms: Specification of 30-day payment terms and conditions for payment
9. Document Requirements: List of required documents for LC activation
10. Shipment Terms: Details of shipment including latest shipment date and partial shipments if allowed
11. Governing Law: Statement that Swiss law governs the LC
1. Advising Bank Details: Include when a second bank is involved in advising the LC to the beneficiary
2. Confirmation Instructions: Include when the LC requires confirmation from another bank
3. Transferability Clause: Include if the LC is transferable to another beneficiary
4. Back-to-Back Arrangements: Include if this LC is part of a back-to-back LC arrangement
5. Special Conditions: Include any additional terms or conditions specific to the transaction
6. Red Clause Provisions: Include if advance payment provisions are required
1. Commercial Invoice Template: Standard format for the commercial invoice required under the LC
2. Transport Document Requirements: Detailed specifications for required transport documents
3. Insurance Document Requirements: Specifications for required insurance documentation
4. Inspection Certificate Requirements: Details of any required inspection certificates and their format
5. UCP 600 Reference: Specific UCP 600 articles applicable to this LC
6. Amendment Form: Standard form for requesting amendments to the LC
Authors
Relevant legal definitions
Clauses
Relevant Industries
International Trade
Banking & Financial Services
Manufacturing
Commodities Trading
Import/Export
Logistics & Supply Chain
Retail
Wholesale
Agriculture
Mining & Resources
Pharmaceuticals
Consumer Goods
Industrial Equipment
Relevant Teams
Trade Finance
Treasury
International Banking
Legal
Risk Management
Compliance
Operations
Financial Control
Procurement
Supply Chain
Credit Control
Relevant Roles
Trade Finance Manager
International Trade Specialist
Treasury Manager
Finance Director
Import/Export Manager
Trade Operations Officer
Documentary Credits Specialist
Banking Relationship Manager
Chief Financial Officer
Supply Chain Manager
Procurement Manager
Credit Controller
Banking Operations Manager
Trade Compliance Officer
Risk Manager
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