A Letter of Credit for Services is essential in complex service transactions where parties seek secure payment arrangements with third-party verification. Typically used in Dutch and international business contexts, this document provides a structured framework for service-based payments, combining the security of traditional letters of credit with specific provisions for service delivery verification. The instrument is particularly valuable when services involve substantial financial commitments, multiple delivery phases, or cross-border transactions. Under Dutch law, these letters of credit incorporate both local legal requirements and international banking standards (UCP 600), making them especially suitable for international service contracts while maintaining compliance with Dutch financial regulations. The document includes detailed specifications of service requirements, documentation criteria, and payment conditions, providing security to both service providers and recipients.
Your data doesn't train Genie's AI
You keep IP ownership聽of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let tiktok成人版's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Letter Date and Reference Number: Clear identification of the document date and unique reference number
2. Bank Details: Full details of the issuing bank, including branch and contact information
3. Applicant Information: Complete details of the party requesting the letter of credit
4. Beneficiary Information: Complete details of the service provider who will receive payment
5. Credit Amount and Currency: Specified amount and currency of the letter of credit
6. Service Description: Clear description of the services to be provided under the letter of credit
7. Payment Terms and Conditions: Specific conditions that must be met for payment, including required documentation
8. Expiry Date and Place: Clear statement of when and where the letter of credit expires
9. Presentation Period: Timeframe within which documents must be presented after service completion
10. Governing Law Statement: Explicit statement that the letter is governed by Dutch law and UCP 600
1. Transferability Clause: Include when the letter of credit needs to be transferable to another beneficiary
2. Partial Payments: Include when multiple payments are allowed for different stages of service completion
3. Performance Standards: Include when specific service quality metrics or standards must be met
4. Force Majeure Provisions: Include when specific force majeure conditions need to be addressed
5. Confirmation Instructions: Include when confirmation by another bank is required
6. Assignment of Proceeds: Include when the beneficiary may need to assign proceeds to a third party
1. Schedule A - Service Specifications: Detailed technical specifications of the services to be provided
2. Schedule B - Documentary Requirements: Complete list of required documents for payment, including format and content requirements
3. Schedule C - Payment Schedule: Breakdown of payment stages if multiple drawings are permitted
4. Schedule D - Performance Metrics: Detailed metrics and standards for service acceptance
5. Appendix 1 - Standard Forms: Templates for required certificates and declarations
6. Appendix 2 - Bank Forms: Standard banking forms required for document presentation
Authors
Relevant legal definitions
Clauses
Relevant Industries
Banking and Financial Services
Professional Services
Information Technology
Construction and Engineering
Management Consulting
Legal Services
Healthcare Services
Education and Training
Telecommunications
Environmental Services
Relevant Teams
Legal
Finance
Treasury
Procurement
Operations
Risk Management
Compliance
International Business
Contract Management
Project Management
Relevant Roles
Chief Financial Officer
Treasury Manager
Trade Finance Manager
Financial Controller
Contract Manager
Procurement Manager
Legal Counsel
Banking Relationship Manager
Operations Director
Project Manager
Risk Manager
Compliance Officer
International Business Development Manager
Finance Director
Company Secretary
Find the exact document you need
Notice Of Credit
A Dutch-compliant formal document notifying the recipient of a credit applied to their account, including essential credit and reference information.
find out more
Letter Of Credit Project (Finance)
A Dutch law-governed letter of credit document establishing terms and conditions for project finance security arrangements, combining local banking regulations with international standards.
find out more
Letter Of Credit For Services
A Dutch law-governed banking instrument that provides payment security for service-based transactions through an irrevocable bank commitment, subject to UCP 600 rules.
find out more
Lc For Payment
A Dutch law-governed Letter of Credit document that provides a bank's irrevocable commitment to pay a beneficiary upon presentation of compliant documents.
find out more
At Sight Letter Of Credit
A Dutch law-governed banking instrument providing immediate payment upon presentation of compliant trade documents, commonly used in international trade transactions.
find out more
Lc At Sight 90 Days
A Dutch law-governed Letter of Credit providing 90-day deferred payment terms while offering immediate documentary security to the seller.
find out more
Direct Pay Letter Of Credit
A Dutch law-governed financial instrument providing bank-guaranteed direct payment upon presentation of complying documents.
find out more
Usance Lc 90 Days
A Dutch law-governed trade finance instrument providing 90-day deferred payment terms, backed by bank guarantee under UCP 600 rules.
find out more
Lc Issuance
A Dutch law-governed banking instrument that provides payment guarantee in international trade, issued by a bank under Dutch financial regulations and UCP 600.
find out more
Standby Guarantee
A Dutch law-governed bank guarantee providing financial security for commercial obligations, typically following ISP98 rules.
find out more
180 Days Usance Lc
A Dutch law-governed trade finance instrument providing 180-day deferred payment terms, backed by bank guarantee and subject to document compliance.
find out more
Export Lc Discounting
Dutch law-governed agreement for discounting export letters of credit, establishing terms between a bank and an exporter for trade finance facilities.
find out more
Lc Finance Term
Dutch law governed term loan agreement establishing terms and conditions for a fixed-term lending facility between lender(s) and borrower(s).
find out more
Cash Collateralized Letter Of Credit
Dutch law-governed agreement for a cash-backed Letter of Credit, establishing terms between bank, applicant, and beneficiary with associated collateral arrangements.
find out more
Banker's Usance Lc
A Dutch law-governed documentary credit instrument providing deferred payment terms in international trade, with payment due after a specified usance period.
find out more
Application For Letter Of Credit
A Dutch-law governed application form requesting a bank to issue a Letter of Credit for international trade transactions, specifying payment terms and conditions.
find out more
Loan Against Irrevocable Lc
Dutch law-governed agreement for providing loan facilities secured against irrevocable letters of credit, typically used in international trade finance.
find out more
Payment Terms Dlc
A Dutch law-governed document establishing payment terms and conditions between commercial parties, ensuring compliance with Dutch Civil Code and EU payment regulations.
find out more
Mixed Payment Lc
A Dutch law-governed financial instrument combining immediate and deferred payment structures in international trade transactions, providing secure and flexible payment terms under UCP 600 guidelines.
find out more
Irrevocable Non Transferable Letter Of Credit
A Dutch law-governed bank guarantee instrument that provides secure payment in international trade, subject to document compliance and UCP 600 rules.
find out more
Direct Pay Standby Letter Of Credit
A Dutch law-governed banking instrument providing an irrevocable payment guarantee upon presentation of complying documents, offering enhanced security in commercial transactions.
find out more
Credit Card Clearance Letter
A Dutch law-governed formal document confirming the full settlement and closure of credit card debt obligations, issued by the credit card company or bank to the account holder.
find out more
Freely Negotiable Letter Of Credit
Dutch law-governed Letter of Credit document for secure international trade payments, combining local legal requirements with international banking standards.
find out more
Verbiage Letter Of Credit
A Dutch-law governed Letter of Credit document that facilitates secure international trade payments while complying with both Dutch banking regulations and international standards.
find out more
Transferable Lc At Sight
A Dutch law-governed transferable letter of credit providing immediate payment upon document presentation, enabling transfer of rights to secondary beneficiaries in international trade.
find out more
Small Business Letter Of Credit
A Dutch law-governed Letter of Credit document designed for small businesses, providing secure payment guarantees in international trade transactions.
find out more
Secured Letter Of Credit
A Dutch law-governed Letter of Credit backed by security interests, providing enhanced protection in international trade transactions.
find out more
Line Of Credit Letter
A Dutch law-governed letter establishing a revolving credit facility between a financial institution and a borrower, setting out terms for borrowing, repayment, and facility management.
find out more
Non Operative Letter Of Credit
A Dutch law-governed banking instrument providing conditional payment guarantee in international trade transactions, subject to UCP 600 and Dutch financial regulations.
find out more
Letter Of Credit 90 Days
A Dutch law-governed banking instrument providing 90-day deferred payment security in international trade transactions, subject to document compliance.
find out more
Letter Of Credit 30 Days
A Dutch law-governed Letter of Credit document establishing 30-day payment terms and conditions for secure international trade transactions.
find out more
Installment Letter Of Credit
Template for an Installment Letter of Credit under Dutch law, facilitating staged payments in international trade transactions with comprehensive regulatory compliance.
find out more
Inland Letter Of Credit
A Dutch law-governed financial instrument issued by a bank guaranteeing payment for domestic trade transactions within the Netherlands upon presentation of specified documents.
find out more
Domestic Letter Of Credit
A Dutch-law governed bank guarantee instrument for domestic trade transactions, providing payment security upon presentation of compliant documents within the Netherlands.
find out more
Discrepancy Letter Of Credit
A Dutch law-governed formal notification from a bank to a beneficiary regarding discrepancies in letter of credit documentation, outlining issues and available remedies.
find out more
Beneficiary In Letter Of Credit
A Dutch law-governed formal document submitted by a beneficiary to claim payment under a Letter of Credit, complying with both Dutch and international banking regulations.
find out more
Authorization Letter To Claim Credit Card Delivery
A Dutch law-compliant authorization letter enabling a designated person to collect a credit card from a bank on behalf of the cardholder.
find out more
Unsecured Letter Of Credit
A Dutch law-governed banking instrument that provides an irrevocable payment commitment without requiring security from the applicant.
find out more
Trade Finance Letter Of Credit
A Dutch law-governed Letter of Credit providing secure payment guarantee in international trade, combining local legal requirements with UCP 600 rules.
find out more
Unconditional Letter Of Credit
A Dutch law-governed banking instrument providing an irrevocable and unconditional payment guarantee from a bank to a beneficiary, payable upon simple demand.
find out more
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)