tiktok成人版

Cumulative Revolving Letter Of Credit for Pakistan

Cumulative Revolving Letter Of Credit Template for Pakistan

A Cumulative Revolving Letter of Credit document governed by Pakistani law is a specialized banking instrument that provides a renewable credit facility for international trade transactions. It enables the unused portion of the credit limit to be carried forward and accumulated for future use within the validity period. The document incorporates requirements from Pakistani banking regulations, the Uniform Customs and Practice for Documentary Credits (UCP 600), and relevant trade laws. It details the terms, conditions, documentation requirements, and operational procedures for utilizing the credit facility, while ensuring compliance with State Bank of Pakistan guidelines and foreign exchange regulations.

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.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Cumulative Revolving Letter Of Credit

Let tiktok成人版's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

What is a Cumulative Revolving Letter Of Credit?

A Cumulative Revolving Letter of Credit is a sophisticated banking instrument used in international trade finance, particularly suitable for businesses engaged in regular import/export activities. This document, governed by Pakistani law, establishes a credit facility that automatically renews up to a specified limit and allows unused portions to accumulate for future use. It is essential for companies requiring flexible trade financing solutions, especially those dealing with recurring shipments or multiple transactions over time. The document incorporates crucial elements including credit limits, validity periods, drawing terms, and documentation requirements, while ensuring compliance with Pakistani banking regulations, UCP 600, and international trade practices. It provides security to sellers while offering financing flexibility to buyers, making it an invaluable tool for sustained international trade relationships.

What sections should be included in a Cumulative Revolving Letter Of Credit?

1. Parties: Details of the applicant (buyer), issuing bank, and beneficiary (seller)

2. Background: Context of the trade relationship and purpose of the letter of credit facility

3. Definitions: Key terms used throughout the document including banking, trade, and technical terms

4. Credit Amount and Type: Specification of the credit limit, cumulative nature, and revolving terms

5. Validity Period: Duration of the LC facility including issuance date and expiry date

6. Drawing Terms: Conditions under which drawings can be made including reinstatement provisions

7. Documentation Requirements: List of required documents for drawing under the LC (shipping documents, invoices, etc.)

8. Bank Charges and Commissions: Details of all applicable fees, charges, and commission rates

9. Payment Terms: Timing and method of payment, including currency and exchange rate provisions

10. Representations and Warranties: Standard declarations by the applicant regarding their capacity and authority

11. Events of Default: Circumstances that constitute default and their consequences

12. Governing Law and Jurisdiction: Specification of Pakistani law as governing law and jurisdiction details

What sections are optional to include in a Cumulative Revolving Letter Of Credit?

1. Security Arrangements: Required when additional security or collateral is needed for the LC facility

2. Special Payment Conditions: Used when there are specific payment arrangements or installment terms

3. Transferability Clause: Included when the LC needs to be transferable to another beneficiary

4. Red Clause Provisions: Required when advance payment facilities are to be included

5. Back-to-Back LC Terms: Needed when back-to-back LC arrangements are permitted

6. Force Majeure: Optional expanded force majeure provisions beyond standard UCP terms

7. Confirmation Requirements: Included when LC confirmation by another bank is required

What schedules should be included in a Cumulative Revolving Letter Of Credit?

1. Schedule 1 - Facility Terms: Detailed terms of the LC facility including limits, sublimits, and conditions

2. Schedule 2 - Fee Schedule: Comprehensive list of all applicable fees and charges

3. Schedule 3 - Document Checklist: Detailed checklist of required documents for LC drawings

4. Schedule 4 - Approved Goods: List of goods/services covered under the LC facility

5. Appendix A - Standard Forms: Templates for LC application, amendment requests, and other standard forms

6. Appendix B - Drawing Procedures: Detailed procedures for making drawings under the LC

7. Appendix C - Specimen Signatures: Authorized signatures for LC-related instructions and documents

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Pakistan

Document Type

Letter of Credit

Cost

Free to use
Relevant legal definitions



































Clauses






























Relevant Industries

Banking and Financial Services

International Trade

Manufacturing

Retail

Commodities Trading

Agriculture

Textiles

Industrial Equipment

Consumer Goods

Energy and Resources

Automotive

Electronics

Relevant Teams

Trade Finance

International Banking

Credit Operations

Treasury

Finance

Legal

Compliance

Risk Management

Procurement

Supply Chain

Trade Operations

Documentary Credits

Relevant Roles

Trade Finance Manager

International Trade Specialist

Credit Manager

Treasury Manager

Finance Director

Import/Export Manager

Documentary Credits Specialist

Banking Relationship Manager

Chief Financial Officer

Trade Operations Manager

Compliance Officer

Risk Manager

Supply Chain Manager

Procurement Manager

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Payment Terms SBLC

A Pakistani law-governed document establishing payment terms and conditions for Standby Letters of Credit, compliant with local banking regulations and international standards.

find out more

Irrevocable Lc At Sight

An Irrevocable Letter of Credit at Sight under Pakistani law, providing a secure payment mechanism for international trade transactions with immediate payment upon document presentation.

find out more

Lc Sight And Usance

A bank-issued trade finance document under Pakistani jurisdiction that guarantees payment in international trade transactions, subject to UCP 600 rules and local banking regulations.

find out more

Letter Of Credit Limit

A Pakistani law-governed agreement establishing terms for a bank's issuance of Letters of Credit, complying with local banking regulations and international trade practices.

find out more

Application Letter For Lc

A formal application document used in Pakistan's banking system to request the opening of a Letter of Credit for international trade transactions, complying with local banking laws and UCP 600 guidelines.

find out more

Lc Payment Terms In Export

Standard terms for Letter of Credit payments in export transactions under Pakistani law, ensuring compliance with local banking regulations and international trade practices.

find out more

Personal Letter Of Credit

A bank-issued payment guarantee document under Pakistani law that provides financial security for personal or business transactions.

find out more

Standby Guarantee

A bank-issued guarantee under Pakistani law that provides financial security by ensuring payment upon demand if specified obligations are not met.

find out more

Letter Of Credit Fee

A Pakistani banking document outlining fees and terms for Letter of Credit services, governed by Pakistani banking laws and State Bank regulations.

find out more

Credit Facility Offer Letter

A formal letter issued by a Pakistani financial institution offering credit facilities to a borrower, outlining key terms and conditions under Pakistani banking laws.

find out more

Application For Letter Of Credit

A formal application document used in Pakistan to request a bank to issue a Letter of Credit for international trade transactions, subject to Pakistani banking laws and UCP 600.

find out more

SBLC Buyers

A Pakistani law-governed agreement establishing terms for issuing a Standby Letter of Credit, detailing parties' obligations and drawing conditions.

find out more

SBLC Backed Buyers Credit

A Pakistani law-governed financing agreement establishing an SBLC-backed buyer's credit facility, detailing credit terms, security arrangements, and regulatory compliance requirements.

find out more

Usance Lc Discounting

A Pakistani law-governed agreement for discounting deferred-payment letters of credit, enabling exporters to receive immediate financing against future LC payments.

find out more

Revolving SBLC

A Pakistani law-governed Revolving SBLC that provides automatically reinstating credit facilities, combining local banking regulations with international practices.

find out more

Payment Terms Dlc

A Pakistani law-governed agreement outlining payment terms and conditions for Documentary Letters of Credit in international trade transactions.

find out more

Non Transferable SBLC

A Pakistani law-governed Non-Transferable Standby Letter of Credit providing bank-guaranteed financial security, subject to State Bank of Pakistan regulations and international banking standards.

find out more

Negotiation Bank In Lc

A Pakistani law-governed agreement setting out terms for bank LC negotiation services, aligned with local banking regulations and international trade practices.

find out more

Letter Of Credit Discounting Charges

A Pakistani law-governed banking document that specifies the charges and terms for discounting a Letter of Credit, aligned with SBP regulations and international banking practices.

find out more

Cumulative Revolving Letter Of Credit

A Pakistani law-governed banking instrument establishing a renewable, cumulative letter of credit facility for international trade transactions, incorporating UCP 600 and local banking regulations.

find out more

Credit Card Clearance Letter

A formal Pakistani banking document confirming complete settlement of credit card dues and account closure, issued under local banking regulations.

find out more

Freely Negotiable Letter Of Credit

A banking instrument under Pakistani law that enables secure international trade payments with free negotiability at any bank, governed by local regulations and UCP 600.

find out more

Time Letter Of Credit

A Pakistani-law governed banking instrument that provides for deferred payment in international trade transactions, subject to document compliance and specific maturity terms.

find out more

Transferable Lc At Sight

A Pakistani-law governed transferable letter of credit providing immediate payment upon document presentation, enabling credit transfer from first to second beneficiary in international trade transactions.

find out more

Straight Letter Of Credit

A banking instrument used in international trade under Pakistani law that provides a direct, irrevocable payment commitment from the issuing bank to the beneficiary.

find out more

Small Business Letter Of Credit

A bank-issued payment guarantee document for small business trade transactions in Pakistan, complying with Pakistani banking laws and international trade practices.

find out more

Red Letter Of Credit

A specialized banking instrument under Pakistani law that provides pre-shipment financing facilities while guaranteeing payment in international trade transactions.

find out more

Local Letter Of Credit

A bank-issued payment guarantee document for domestic trade transactions within Pakistan, governed by Pakistani banking laws and denominated in Pakistani Rupees.

find out more

Loan Facility Letter

A formal document under Pakistani law that outlines loan facility terms between a lender and borrower, establishing the framework for the lending relationship.

find out more

Non Operative Letter Of Credit

A Pakistani law-governed banking instrument that demonstrates financial capability without being an operative credit instrument, typically used for tender submissions or proof of financial standing.

find out more

Letter Of Credit 90 Days

A bank-issued trade finance instrument under Pakistani law providing 90-day payment terms for international trade transactions, governed by local banking regulations and UCP 600.

find out more

Letter Of Credit 30 Days

A 30-day Letter of Credit document under Pakistani law, providing bank-guaranteed payment security for international trade transactions.

find out more

Installment Letter Of Credit

A Pakistani law-governed banking instrument that facilitates secured installment payments in trade transactions through bank-guaranteed letters of credit.

find out more

Inland Letter Of Credit

A bank-issued payment guarantee document used in domestic trade within Pakistan, providing security for both buyer and seller under Pakistani banking regulations.

find out more

Green Letter Of Credit

A Pakistan-law governed financial instrument that combines traditional letter of credit features with environmental criteria to facilitate sustainable international trade transactions.

find out more

Discrepancy Letter Of Credit

A Pakistani banking document that formally notifies parties of discrepancies in Letter of Credit documentation, governed by local banking laws and UCP 600.

find out more

Business Letter Of Credit

A banking instrument governed by Pakistani law that provides payment security in international trade transactions through bank-guaranteed payment commitment.

find out more

Bank To Bank Lc

A Pakistani law-governed agreement between banks establishing terms and procedures for handling Letters of Credit, aligned with local banking regulations and international standards.

find out more

Unrestricted Letter Of Credit

A Pakistani law-governed banking instrument that provides an unconditional payment guarantee for international trade transactions, subject to document compliance.

find out more

Unconditional Letter Of Credit

A bank-issued irrevocable payment guarantee under Pakistani law, providing unconditional payment commitment in international trade transactions.

find out more
See more related templates

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