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1. Parties: Identification of all parties: Applicant, Beneficiary, Issuing Bank, and Surety Provider
2. Background: Context of the transaction, relationship between parties, and purpose of the surety-backed LC
3. Definitions: Definitions of key terms used throughout the document, including banking, trade, and surety-specific terminology
4. Letter of Credit Terms: Core terms of the LC including amount, validity period, and conditions for drawing
5. Surety Terms and Conditions: Terms of the surety backing, including extent of coverage and conditions for surety's obligation
6. Drawing Requirements: Specific documents and conditions required for drawing under the LC
7. Payment Terms: Terms and process for payment, including currency, method, and timing
8. Bank's Rights and Obligations: Detailed outline of the issuing bank's responsibilities and rights
9. Surety's Rights and Obligations: Detailed outline of the surety provider's responsibilities and rights
10. Applicant's Undertakings: Commitments and obligations of the LC applicant
11. Default and Remedy: Events of default and consequent remedies available to each party
12. Governing Law and Jurisdiction: Specification of Malaysian law as governing law and jurisdiction details
1. Counter-Indemnity: Terms of counter-indemnity provided by the applicant to the surety, included when specifically required
2. Transfer and Assignment: Provisions for transfer or assignment of LC rights, included if transferability is permitted
3. Electronic Presentation: Terms for electronic document presentation, included if eUCP rules are adopted
4. Multiple Drawing Provisions: Specific terms for multiple drawings, included if multiple drawings are permitted
5. Syndication Provisions: Terms for bank syndication, included if multiple banks are involved
6. Force Majeure: Provisions for unforeseen circumstances, included based on risk assessment
7. Anti-Money Laundering Compliance: Specific AML compliance requirements, included based on transaction risk profile
1. Schedule 1 - Form of Demand: Prescribed format for making a demand under the LC
2. Schedule 2 - Required Documents: Detailed list of documents required for LC drawing
3. Schedule 3 - Fee Schedule: Breakdown of all applicable fees and charges
4. Schedule 4 - Form of Surety Bond: Standard form of the surety bond backing the LC
5. Schedule 5 - Communication Procedures: Procedures for communications between parties
6. Appendix A - Specimen Signatures: Authorized signatures for all relevant parties
7. Appendix B - Bank's Standard Terms: Standard terms and conditions of the issuing bank
Banking and Financial Services
International Trade
Construction
Manufacturing
Energy and Utilities
Infrastructure Development
Shipping and Logistics
Real Estate Development
Mining and Resources
Telecommunications
Legal
Finance
Treasury
Risk Management
International Trade
Compliance
Corporate Banking
Trade Finance
Credit
Operations
Chief Financial Officer
Treasury Manager
Trade Finance Manager
Risk Management Officer
Corporate Banking Officer
Finance Director
Legal Counsel
Commercial Director
Credit Risk Manager
International Trade Specialist
Compliance Officer
Banking Operations Manager
Documentary Credits Manager
Corporate Finance Manager
Senior Contract Manager
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