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1. LC Number and Date: Unique identification number of the LC and date of issuance
2. Parties: Details of all parties involved: Issuing Bank, Applicant (Buyer), Beneficiary (Seller), and Advising/Confirming Bank if applicable
3. Form of Credit: Specification that this is an irrevocable letter of credit and whether it is confirmed or unconfirmed
4. Currency and Amount: The currency and amount of the LC, both in figures and words
5. Availability and Expiry: How and where the credit is available (by sight, deferred payment, etc.) and expiry date
6. Shipment Terms: Latest shipment date, partial shipments, transshipment provisions
7. Required Documents: Detailed list of all required documents for presentation
8. Payment Terms: Specific conditions and timing of payment, including any negotiation or deferred payment terms
9. Presentation Period: Time period within which documents must be presented after shipment
10. Governing Law: Specification of UAE law as governing law and relevant ICC rules
1. Transferability Clause: Include when the LC needs to be transferable to another beneficiary
2. Revolving Terms: Include for LCs that automatically renew under specified conditions
3. Red Clause: Include when advance payment provisions are required
4. Green Clause: Include when storage-related provisions are needed
5. Back-to-Back Provisions: Include when the LC is part of a back-to-back arrangement
6. Standby Provisions: Include when the LC serves as a standby instrument
7. Confirmation Instructions: Include when confirmation by another bank is required
8. Special Conditions: Include when there are additional requirements specific to the transaction
1. Schedule A - Document Requirements: Detailed specifications for each required document including format and content requirements
2. Schedule B - Technical Specifications: Detailed specifications of goods or services being purchased under the LC
3. Schedule C - Payment Schedule: Detailed breakdown of payment terms if involving multiple drawings or installments
4. Appendix 1 - Bank Details: Complete banking details for all parties involved
5. Appendix 2 - Standard Forms: Templates for required declarations or certificates
6. Appendix 3 - UCP 600 Excerpts: Relevant provisions from UCP 600 that specifically apply to this LC
Banking and Financial Services
International Trade
Import/Export
Manufacturing
Commodities Trading
Retail
Construction
Oil and Gas
Logistics and Transportation
Agricultural Trade
Wholesale Distribution
Mining and Minerals
Legal
Finance
Treasury
Trade Operations
Risk Management
Compliance
International Banking
Documentary Credits
Trade Finance
Banking Operations
Trade Finance Manager
Documentary Credits Specialist
International Banking Officer
Finance Director
Treasury Manager
Commercial Banking Manager
Trade Operations Manager
Credit Risk Officer
Compliance Officer
Legal Counsel
Chief Financial Officer
Import/Export Manager
Trade Finance Analyst
Banking Operations Manager
Documentary Collections Officer
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