The Lc Revocable (Revocable Letter of Credit) is a specialized banking instrument used in international trade transactions where flexibility in terms and conditions is required. This document type is particularly relevant when parties need the ability to modify or terminate the credit arrangement, though it's less common in modern trade finance due to the lower security it offers to beneficiaries. Governed by Hong Kong law and aligned with international banking standards, including UCP 600, this document establishes the terms under which a bank will make payment to a beneficiary, while retaining the right to revoke or modify the credit at any time. It's typically used in situations where there is high trust between parties or where specific business circumstances require payment flexibility. The document includes detailed specifications for required documentation, payment terms, and conditions for revocation, while incorporating Hong Kong's regulatory requirements and international banking practices.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership聽of your docs
1. Bank Details: Information about the issuing bank, including full name, address, and reference numbers
2. Applicant Details: Complete information about the party requesting the LC, including full name, address, and contact information
3. Beneficiary Details: Complete information about the party in whose favor the LC is issued
4. LC Amount and Currency: Specific amount and currency of the credit, including any tolerance levels if applicable
5. Expiry Date and Place: Clear statement of when and where the LC expires
6. Form of Presentation: Specification of how and where documents should be presented
7. Required Documents: Detailed list of all documents required for presentation
8. Shipment Terms: Information about shipment dates, partial shipments, and transhipment conditions
9. Description of Goods/Services: Detailed description of the underlying goods or services
10. Revocation Terms: Specific conditions under which the LC may be revoked and the process for revocation
1. Transferability Clause: Include when the LC needs to be transferable to another beneficiary
2. Red Clause: Include when advance payment to the beneficiary is permitted
3. Green Clause: Include when storage of goods is involved with advance payment
4. Special Payment Conditions: Include when there are specific payment terms or conditions beyond standard arrangements
5. Confirmation Instructions: Include when confirmation by another bank is requested
6. Reimbursement Instructions: Include when specific reimbursement arrangements are required
7. Document Handling Instructions: Include when special document handling requirements exist
1. Schedule 1: Document Requirements: Detailed specifications for each required document including format and content requirements
2. Schedule 2: Payment Schedule: If applicable, breakdown of payment terms and conditions
3. Schedule 3: Goods Specification: Detailed technical specifications of goods when required
4. Appendix A: Standard Banking Forms: Required banking forms and formats for document presentation
5. Appendix B: UCP 600 Compliance Checklist: Reference checklist ensuring compliance with UCP 600 requirements
6. Appendix C: Communication Protocols: Procedures for communications between parties involved in the LC
Find the exact document you need
Application Letter For Lc
A formal request document used in Hong Kong for applying for a Letter of Credit, complying with local banking regulations and international trade practices.
Download
Small Business Fire Risk Assessment
A Hong Kong-compliant fire risk assessment template for small businesses, meeting Fire Services Ordinance requirements while providing practical safety guidelines.
Download
Lc Confirming Bank
A Hong Kong law-governed agreement establishing terms and conditions for Letter of Credit confirmation services between banks.
Download
Lc At Sight 90 Days
A Hong Kong law-governed Letter of Credit combining sight presentation with 90-day deferred payment terms, providing secured trade financing under local banking regulations.
Download
Fronting Agreement (Insurance)
A Hong Kong law-governed agreement between a fronting insurer and reinsurer establishing terms for policy issuance and risk transfer arrangements.
Download
Deferred Compensation Agreement
A Hong Kong law-governed agreement establishing terms for postponing employee compensation to a future date, including vesting schedules and payment conditions.
Download
Noise Nuisance Letter
A formal letter under Hong Kong law documenting noise nuisance complaints and requesting resolution, compliant with the Noise Control Ordinance.
Download
Side Agreement (Real Estate)
A Hong Kong law-governed supplementary agreement that modifies or adds to the terms of a main real estate agreement, addressing specific arrangements between parties.
Download
Lc Agreement
A Hong Kong law-governed agreement between a bank and applicant establishing terms and conditions for issuing letters of credit, incorporating local banking regulations and international trade practices.
Download
Bond Indemnity Agreement
A Hong Kong law-governed agreement where an indemnitor agrees to protect and compensate a beneficiary against losses arising from a bond facility.
Download
Ppe Risk Assessment
A Hong Kong-compliant workplace safety document that evaluates hazards and specifies Personal Protective Equipment (PPE) requirements to ensure worker safety and regulatory compliance.
Download
Irrevocable License Agreement
A Hong Kong law-governed agreement granting permanent, irrevocable rights to use specified intellectual property or other assets.
Download
90 Days Usance Lc
A Hong Kong law-governed Letter of Credit providing for payment 90 days after document presentation, commonly used in international trade finance.
Download
180 Days Usance Lc
A Hong Kong-governed trade finance instrument providing 180-day deferred payment terms in international trade transactions, backed by bank guarantee.
Download
Beneficiary Deed
A Hong Kong law-governed deed that transfers property interests to designated beneficiaries, typically effective upon specific conditions or the grantor's death.
Download
Lease Increase Notice
A Hong Kong-compliant formal notice document informing tenants of an upcoming rent increase for their leased property.
Download
Application For Letter Of Credit
A Hong Kong-governed formal application to request a bank to issue a Letter of Credit, complying with local banking regulations and international trade practices.
Download
Restaurant Work Experience Letter
A formal employment verification document issued under Hong Kong law that confirms an individual's work history and experience in a restaurant setting.
Download
Performance SLA
A Hong Kong law-governed agreement defining service levels, performance metrics, and quality standards between a service provider and customer, with associated monitoring and remedy mechanisms.
Download
Clean Invoice
A Hong Kong-compliant commercial document that records sales transactions and requests payment, containing all essential business and tax information in a clean, straightforward format.
Download
Outstanding Invoice
A formal payment request document for unpaid invoices under Hong Kong law, serving as an official reminder and record of payment obligations.
Download
Freely Negotiable Letter Of Credit
A bank-issued payment guarantee document under Hong Kong law that allows the beneficiary to negotiate the letter of credit at any bank of their choice.
Download
Export Invoice
A commercial document used in Hong Kong for international trade transactions, detailing goods exported, their value, and shipping terms in compliance with Hong Kong law.
Download
Cash Invoice
A Hong Kong-compliant document recording immediate cash payments for goods or services, serving as both invoice and receipt.
Download
Domestic Helper Loan Agreement
Hong Kong-governed loan agreement between employer and domestic helper, establishing terms for loan provision and repayment in compliance with local regulations.
Download
Usage Agreement
A Hong Kong law-governed agreement defining terms and conditions for using products, services, or platforms, including usage rights and compliance requirements.
Download
Revolving Facility Agreement
A Hong Kong law-governed agreement establishing a revolving credit facility with flexible draw-down and repayment terms.
Download
Overqualified For A Job Rejection Letter
A Hong Kong-compliant formal letter template for declining job applications due to candidate overqualification, while maintaining professional relationships and legal compliance.
Download
Non Negotiable Promissory Note
A Hong Kong law-governed financial instrument containing an unconditional promise to pay a specified sum, with its non-negotiable nature preventing transfer to third parties.
Download
Letter Of Credit 60 Days
A Hong Kong law-governed banking instrument guaranteeing payment within 60 days of document presentation in international trade transactions.
Download
Letter Of Credit 30 Days
A Hong Kong law-governed banking instrument that provides a 30-day deferred payment guarantee for international trade transactions, subject to UCP 600 rules.
Download
Import Documentary Letter Of Credit
A Hong Kong-governed banking instrument that provides payment security in international trade transactions, governed by local law and UCP 600 rules.
Download
Implied License Patent
A Hong Kong law-governed document that formalizes implied patent usage rights between parties, establishing clear boundaries and permissions for patented technology implementation.
Download
Domestic Lc
A bank-issued payment guarantee document under Hong Kong law that facilitates secure domestic trade transactions between local parties.
Download
By Laws Articles Of Incorporation
A fundamental constitutional document under Hong Kong law that establishes a company's internal regulations and governance structure.
Download
Bank Loan Cancellation Letter
A formal letter issued under Hong Kong banking laws to officially terminate and cancel a bank loan facility, confirming the end of lending obligations between bank and borrower.
Download
Trade Finance Facility Agreement
A Hong Kong law-governed agreement establishing terms for trade finance facilities between a financial institution and borrower, including various trade finance products and facility terms.
Download
Payment Guarantee Agreement
A Hong Kong law-governed agreement where a Guarantor guarantees payment obligations of a Principal Debtor to a Beneficiary, typically used in commercial and financial transactions.
Download
International Investment Agreement
A Hong Kong law-governed agreement establishing terms and protections for international investments, incorporating local regulatory requirements and dispute resolution mechanisms.
Download
Freelancer Offer Letter
A Hong Kong-compliant offer letter establishing terms and conditions for engaging independent contractors/freelancers.
Download
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)