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1. Parties: Identifies the issuing bank, applicant, and beneficiary with their full legal names and addresses
2. Background: States the purpose of the SBLC and the underlying commercial relationship
3. Definitions: Defines key terms used throughout the document including 'Revolving Basis', 'Reinstatement', 'Drawing', etc.
4. Facility Details: Specifies the SBLC amount, currency, availability period, and revolving mechanics
5. Conditions Precedent: Lists the documents and conditions required before the SBLC becomes effective
6. Drawing Requirements: Specifies the conditions and documentation required for making a drawing under the SBLC
7. Revolving Mechanism: Details how and when the SBLC amount reinstates after each drawing
8. Fees and Charges: Outlines all applicable fees, commissions, and charges
9. Representations and Warranties: States the legal declarations made by the applicant
10. Events of Default: Lists circumstances that would constitute default and their consequences
11. Governing Law and Jurisdiction: Specifies UAE law as governing law and relevant jurisdiction for disputes
1. Islamic Banking Compliance: Required when the SBLC needs to be Sharia-compliant, detailing specific Islamic banking requirements
2. Counter-Indemnity: Include when additional security or indemnity is required from the applicant
3. Transfer and Assignment: Include when the SBLC needs to be transferable to other beneficiaries
4. Multiple Currency Provisions: Required when the SBLC can be drawn in multiple currencies
5. Automatic Extension Clause: Include when the SBLC has an automatic extension feature
6. Sanctions Compliance: Include when transactions involve international trade or parties from multiple jurisdictions
1. Schedule 1 - Form of SBLC: The actual format and text of the SBLC to be issued
2. Schedule 2 - Drawing Certificate Template: Standard format for beneficiary's drawing request
3. Schedule 3 - Fee Schedule: Detailed breakdown of all fees, charges, and commission rates
4. Schedule 4 - Conditions Precedent Documents: List of required documents and their formats
5. Appendix A - Specimen Signatures: Authorized signatures for all relevant parties
6. Appendix B - Communication Arrangements: Details of authorized communication methods and contact points
7. Appendix C - Revolving Schedule: Detailed timeline and mechanics of the revolving feature
Banking and Financial Services
International Trade
Construction and Engineering
Manufacturing
Oil and Gas
Real Estate Development
Shipping and Logistics
Wholesale and Distribution
Infrastructure Development
Energy and Utilities
Legal
Finance
Treasury
Trade Finance
Compliance
Risk Management
Corporate Banking
Islamic Banking
Credit Administration
Operations
Chief Financial Officer
Treasury Manager
Trade Finance Manager
Financial Controller
Legal Counsel
Compliance Officer
Credit Risk Manager
Banking Relationship Manager
Finance Director
Commercial Director
Contract Manager
Corporate Banking Officer
Documentary Credits Specialist
Risk Management Officer
Islamic Banking Specialist
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