The Clean Letter of Credit is a fundamental instrument in international trade finance, particularly vital in the South African context where cross-border transactions are subject to specific exchange control regulations and banking laws. This document type is typically used when parties seek a secure, bank-guaranteed payment method in international trade transactions. Unlike other letter of credit variants, a Clean Letter of Credit requires only the presentation of basic transport documents and commercial invoices, without additional conditions or complex documentation requirements. It provides a balanced approach to risk management in international trade, offering security to sellers while protecting buyers' interests through document verification. The document must comply with both South African banking regulations and international standards, particularly the UCP 600, making it a reliable instrument for trade finance.
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. Letter Reference Number: Unique identification number of the Letter of Credit
2. Date of Issuance: The date when the Letter of Credit is issued
3. Applicant Details: Full name, address, and contact information of the party requesting the Letter of Credit (buyer/importer)
4. Beneficiary Details: Full name, address, and contact information of the party in whose favor the Letter of Credit is issued (seller/exporter)
5. Issuing Bank Details: Name, address, and SWIFT code of the bank issuing the Letter of Credit
6. Amount and Currency: The credit amount and currency denomination
7. Expiry Date and Place: The date and location where the Letter of Credit expires
8. Available With/By: Specification of how and where the credit is available (payment, acceptance, or negotiation)
9. Shipment Terms: Latest shipment date and basic shipment details
10. Document Requirements: List of required documents for presentation
1. Advising Bank Details: Details of the bank advising the credit to the beneficiary, used when there's an intermediary bank
2. Transferability Clause: Include when the Letter of Credit needs to be transferable to another beneficiary
3. Partial Shipments/Drawings: Include when specifying whether partial shipments or drawings are allowed or prohibited
4. Transhipment Conditions: Include when specific transhipment requirements need to be specified
5. Insurance Coverage: Include when specific insurance requirements need to be detailed
6. Special Conditions: Any additional terms or conditions specific to the transaction
7. Confirmation Instructions: Include when confirmation by another bank is required
1. Commercial Invoice Template: Prescribed format for the commercial invoice if specific requirements exist
2. Transport Document Requirements: Detailed specifications for required transport documents
3. Description of Goods: Detailed description of the goods being traded, including specifications and quantities
4. Price Schedule: Breakdown of prices if multiple items or pricing components are involved
5. Bank Contact Details: Complete contact information for all banks involved in the transaction
Find the exact document you need
Letter Of Credit Cost
A South African banking document detailing all costs, fees, and charges associated with issuing and maintaining a letter of credit, in compliance with local banking regulations and international standards.
Download
Standby Letter Of Credit Cost
A South African banking document detailing the complete fee structure and costs associated with issuing and maintaining a standby letter of credit, in accordance with local banking regulations.
Download
Letter Of Credit Project (Finance)
A South African law-governed Letter of Credit document structured for project finance transactions, combining payment security with project-specific requirements and milestones.
Download
At Sight Letter Of Credit
A South African-compliant Letter of Credit providing immediate payment upon presentation of compliant documents, governed by local banking regulations and UCP 600.
Download
Lc Sight And Usance
A South African law-governed Letter of Credit document combining sight and usance payment options for international trade transactions.
Download
Irrevocable Unconfirmed Letter Of Credit
An Irrevocable Unconfirmed Letter of Credit under South African law, providing a binding bank payment guarantee in international trade transactions.
Download
Loan Against Letter Of Credit
South African law-governed agreement for providing loan financing against a Letter of Credit, typically used in international trade transactions.
Download
Cash Credit Account Closure Letter
A formal South African banking document confirming the closure of a cash credit account, outlining closure terms and final settlement requirements under local banking regulations.
Download
Utility Letter Of Credit
A South African law-governed bank guarantee document ensuring payment security for utility services, issued by a bank in favor of a utility provider.
Download
Lc Agreement
A South African law-governed agreement establishing terms for a bank-issued Letter of Credit, facilitating secure international trade transactions.
Download
Standby Guarantee
A South African law-governed bank guarantee that provides payment security upon documented default of specified obligations.
Download
Irrevocable Letter Of Credit Cost
A South African law-governed banking instrument that provides guaranteed payment terms and associated costs for international trade transactions under an irrevocable letter of credit facility.
Download
Credit Facility Offer Letter
A South African law-compliant formal letter from a financial institution offering credit facilities to a borrower, detailing terms, conditions, and statutory requirements.
Download
Usance Lc Discounting
South African agreement for discounting Usance Letters of Credit, governing the early payment of LC proceeds at a discount under South African banking and trade finance regulations.
Download
Transferring Bank In Lc
A South African law-governed agreement for a bank acting as Transferring Bank in Letter of Credit transactions, detailing transfer terms and regulatory compliance requirements.
Download
Payment Against Lc
A South African law-governed agreement establishing payment terms and conditions through Letter of Credit in international trade transactions.
Download
Non Transferable Letter Of Credit
A South African-compliant banking instrument that provides an irrevocable payment guarantee from a bank to a beneficiary, featuring non-transferability provisions.
Download
Negotiation Bank In Lc
South African banking agreement governing LC document negotiation terms and conditions under local banking laws and international trade practices.
Download
Cumulative Revolving Letter Of Credit
A South African law-governed banking instrument establishing a renewable credit facility where unused amounts accumulate, typically used in international trade transactions.
Download
Transferable Lc At Sight
A South African law-governed transferable letter of credit that provides immediate payment upon document presentation, commonly used in international trade transactions.
Download
Small Business Letter Of Credit
A South African banking instrument providing payment security for small business transactions, governed by local banking laws and regulations.
Download
Secured Letter Of Credit
A South African law-governed banking instrument combining letter of credit features with security arrangements for enhanced protection in international trade transactions.
Download
Local Letter Of Credit
A South African banking instrument providing payment security for domestic trade transactions, governed by local banking laws and regulations.
Download
Loan Facility Letter
A South African banking document that outlines credit facility terms and conditions, serving as a formal offer of lending facilities in compliance with local banking regulations.
Download
Non Operative Letter Of Credit
A South African banking instrument providing payment security in international trade transactions, governed by local banking laws and UCP 600.
Download
Letter Of Credit 90 Days
A South African bank-issued payment guarantee instrument with 90-day terms, securing international trade transactions under local banking laws and UCP 600.
Download
Letter Of Credit 60 Days
A South African bank-issued financial instrument guaranteeing payment to a seller after 60 days, subject to document compliance and governed by South African law.
Download
Letter Of Credit 30 Days
A South African law-governed banking instrument guaranteeing payment within 30 days for international trade transactions, subject to document compliance.
Download
Irrevocable Confirmed Lc At Sight
A South African-governed irrevocable confirmed Letter of Credit providing immediate payment upon document presentation, subject to UCP 600 rules and local banking regulations.
Download
Inland Letter Of Credit
A South African banking instrument providing payment security in domestic trade transactions, governed by local banking and commercial law.
Download
Import Documentary Letter Of Credit
A bank-issued trade finance document governed by South African and international banking laws, guaranteeing payment to an exporter upon presentation of compliant import documents.
Download
Domestic Lc
A South African domestic Letter of Credit document that guarantees payment between local parties, governed by South African banking and commercial laws.
Download
Discrepancy Letter Of Credit
A formal South African banking document acknowledging Letter of Credit discrepancies and requesting payment processing despite identified issues.
Download
Digital Letter Of Credit
A South African law-governed digital payment guarantee instrument used in international trade, combining traditional letter of credit features with electronic transaction capabilities.
Download
Business Letter Of Credit
A bank-issued payment guarantee document under South African law that ensures secure payment in commercial transactions, subject to document compliance.
Download
Beneficiary In Letter Of Credit
A South African law-governed financial instrument issued by a bank guaranteeing payment to a seller (beneficiary) in international trade upon presentation of compliant documents.
Download
Bank Guarantee And Letter Of Credit
South African law-compliant template for Bank Guarantees and Letters of Credit, establishing terms and conditions for financial institutions providing banking guarantees and documentary credits.
Download
Unsecured Letter Of Credit
A South African law-governed banking instrument providing an unsecured payment guarantee from a bank to a beneficiary upon presentation of specified documents.
Download
Trade Finance Letter Of Credit
A bank-issued payment guarantee document governed by South African law and UCP 600, providing security in international trade transactions.
Download
Unconditional Letter Of Credit
A South African law-governed irrevocable bank undertaking to make payment against compliant documents, subject to UCP 600 and local banking regulations.
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)