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1. Issuing Bank Details: Complete name, address, and reference numbers of the issuing bank
2. Date and Place of Issue: Specific date and location where the Letter of Credit is issued
3. Letter of Credit Number: Unique identification number assigned to this Letter of Credit
4. Beneficiary Details: Full name and address of the party in whose favor the Letter of Credit is issued
5. Applicant Details: Full name and address of the party requesting the Letter of Credit
6. Currency and Amount: Specified currency and amount of the Letter of Credit in both figures and words
7. Expiry Date and Place: Clear statement of expiration date and location where documents must be presented
8. Available With/By: Specification of where and how the credit is available (payment, acceptance, or negotiation)
9. Partial Shipments/Transhipment: Declaration whether partial shipments and/or transhipment are allowed or prohibited
10. Document Presentation Period: Timeframe within which documents must be presented after shipment date
11. Description of Goods/Services: Brief description of the goods or services covered by the Letter of Credit
12. Documents Required: Detailed list of all required documents for presentation
13. Additional Conditions: Any specific conditions or terms that must be met
14. Bank Charges: Specification of which party bears which bank charges
15. Confirmation Instructions: Whether confirmation is requested and by which bank
1. Transfer Provisions: Include when the Letter of Credit needs to be transferable to another beneficiary
2. Back-to-Back Provisions: Include when the Letter of Credit may be used as collateral for another Letter of Credit
3. Red Clause Provisions: Include when advance payment facilities are to be provided to the beneficiary
4. Green Clause Provisions: Include when storage facilities and advance payment are to be provided
5. Revolving Provisions: Include when the Letter of Credit is intended to revolve in value or time
6. Special Instructions for Advising Bank: Include when specific instructions need to be given to the advising bank
7. Reimbursement Instructions: Include when specific reimbursement arrangements between banks need to be detailed
1. Schedule A - Document Requirements: Detailed specifications for each required document, including format and content requirements
2. Schedule B - Shipping Terms: Detailed shipping requirements, including ports, modes of transport, and specific conditions
3. Schedule C - Goods Specification: Detailed description of goods when the main body requires more elaborate specification
4. Appendix 1 - Standard Banking Forms: Copies of any standard banking forms that must be used in connection with the Letter of Credit
5. Appendix 2 - Special Instructions: Any detailed special instructions that are too lengthy to include in the main text
Banking and Financial Services
International Trade
Maritime and Shipping
Manufacturing
Wholesale Trade
Commodities Trading
Agriculture and Food
Energy and Resources
Retail
Logistics and Supply Chain
Chemical Industry
Technology and Electronics
Trade Finance
International Banking
Documentary Credits
Treasury
Export
Import
Trade Operations
Compliance
Credit Risk
Commercial Banking
Global Transaction Banking
Supply Chain Finance
Financial Control
Legal
Operations
Trade Finance Manager
International Banking Officer
Documentary Credits Specialist
Treasury Manager
Finance Director
Export Manager
Import Manager
Trade Operations Manager
Compliance Officer
Credit Risk Manager
Commercial Banking Manager
Global Transaction Banking Officer
Supply Chain Finance Manager
Chief Financial Officer
International Trade Specialist
Banking Relationship Manager
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