The Restricted Letter of Credit serves as a crucial trade finance instrument in international commerce, particularly suitable when parties require enhanced control over the credit's usage or transferability. This document type is commonly used when the applicant or issuing bank needs to impose specific limitations on how the credit can be utilized, such as restricting negotiations to specific banks or limiting transfer capabilities. Under Hong Kong law, which combines common law principles with specific local regulations, the Restricted Letter of Credit provides a secure and well-regulated framework for international trade transactions. The document incorporates all necessary elements required by the UCP 600 while adding specific restrictions that may relate to payment conditions, document presentation, or negotiation rights. Hong Kong's position as a major international financial center makes it a preferred jurisdiction for such instruments, offering robust legal protection and established 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 and Reference: Issuing bank's details, letter of credit number, and reference information
2. Beneficiary Information: Complete details of the beneficiary including name, address, and contact information
3. Applicant Information: Complete details of the applicant including name, address, and contact information
4. Credit Amount and Currency: Specification of the maximum amount and currency of the letter of credit
5. Availability and Expiry: How and where the credit is available, expiry date and place
6. Restriction Clause: Clear statement of the specific restrictions applied to the letter of credit
7. Required Documents: Detailed list of all required documents for presentation
8. Shipment Terms: Shipment details including latest shipment date, partial shipments, and transhipment conditions
9. Payment Terms: Specific conditions and timing of payment
10. Special Conditions: Any additional terms, conditions, or restrictions specific to this credit
11. Governing Law Statement: Statement confirming Hong Kong law as governing law and UCP 600 applicability
1. Transferability Clause: Include when the credit needs to be transferable to a second beneficiary
2. Confirmation Instructions: Include when confirmation from another bank is required
3. Back-to-Back Provisions: Include when the credit is part of a back-to-back arrangement
4. Green Clause: Include when advance payment provisions are allowed
5. Revolving Terms: Include when the credit is revolving rather than single-use
6. Insurance Requirements: Include when specific insurance requirements need to be detailed
1. Schedule A - Document Requirements: Detailed specifications for each required document including format and content requirements
2. Schedule B - Goods Description: Detailed description of the permitted goods or services covered by the letter of credit
3. Schedule C - Restriction Details: Comprehensive details of all restrictions and their implementation
4. Schedule D - Payment Schedule: If applicable, detailed schedule of payments or drawings permitted
5. Appendix 1 - Standard Banking Forms: Required banking forms and formats for document presentation
6. Appendix 2 - Compliance Checklist: Checklist for ensuring compliance with all restrictions and requirements
Find the exact document you need
Common SLA
A Hong Kong law-governed agreement defining service performance standards, metrics, and remedies between service provider and customer.
Download
Restricted Letter Of Credit
A Hong Kong law-governed trade finance instrument that provides a bank's irrevocable payment commitment subject to specific restrictions and conditions, regulated under UCP 600.
Download
Stock Purchase And Sale Agreement
A Hong Kong law-governed agreement that documents the terms and conditions for the sale and purchase of shares between parties, including transaction details and regulatory compliance requirements.
Download
Preliminary Sale And Purchase Agreement
A binding preliminary agreement used in Hong Kong property transactions that establishes initial terms and conditions between vendor and purchaser.
Download
Share Purchase Agreement And Shareholders Agreement
A Hong Kong law-governed agreement combining share purchase terms and ongoing shareholder arrangements, regulating both the sale of shares and future shareholder relationships.
Download
Memorandum Of Understanding For Supply Of Goods
A preliminary framework document under Hong Kong law outlining the intended commercial relationship and key terms for a proposed supply of goods arrangement.
Download
Share Security Agreement
A Hong Kong law-governed agreement creating security over shares as collateral for financial obligations, typically used in lending transactions.
Download
Founder Shareholder Agreement
A Hong Kong law-governed agreement establishing rights, obligations, and relationships between company founders and defining core startup governance principles.
Download
Share Purchase Agreement
A Hong Kong law-governed agreement for the sale and purchase of shares in a company, setting out transaction terms, warranties, and completion requirements.
Download
Share Sale Agreement
A Hong Kong law-governed agreement documenting the terms and conditions for the sale and purchase of shares in a company, including price, warranties, and completion requirements.
Download
Share Acquisition Agreement
A Hong Kong law-governed agreement for the sale and purchase of shares in a company, detailing transaction terms, warranties, and completion requirements.
Download
Stock Sale Purchase Agreement
A Hong Kong law-governed agreement documenting the terms and conditions for the sale and purchase of shares in a company, including price, warranties, and completion requirements.
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)