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The Electronic Letter of Credit is a critical financial instrument in modern international trade, adapted for the digital age while maintaining the security and reliability of traditional Letters of Credit. This document is particularly relevant when parties seek to conduct trade finance transactions electronically while benefiting from the robust Swiss legal framework and banking system. The Electronic Letter of Credit provides a secure payment mechanism where the issuing bank commits to pay the beneficiary upon presentation of compliant electronic documents, incorporating digital authentication methods and electronic presentation protocols. It is governed by Swiss law, particularly the Swiss Banking Act and Electronic Signatures Act, while also adhering to international standards such as UCP 600 and eUCP. This instrument is especially valuable for high-value international transactions where parties require both the security of a bank guarantee and the efficiency of electronic processing.

1. Issuing Bank Details: Complete identification and contact information of the issuing bank

2. Beneficiary Details: Full name, address, and banking details of the beneficiary

3. Applicant Details: Complete information about the party requesting the Letter of Credit

4. L/C Number and Date: Unique identification number and issuance date of the Letter of Credit

5. Currency and Amount: Specification of the currency and maximum amount of the credit

6. Expiry Date and Place: Clear statement of when and where the Letter of Credit expires

7. Available With/By: Specification of how and where the credit is available (payment, acceptance, negotiation)

8. Electronic Presentation Terms: Specific terms and protocols for electronic document presentation

9. Required Documents: Detailed list of required documents and their electronic format specifications

10. Shipment Terms: Details of shipment including latest shipment date and partial shipments if applicable

11. Description of Goods/Services: Precise description of the goods or services covered by the L/C

12. Special Conditions: Any special terms, conditions, or requirements specific to this L/C