The Irrevocable Non-Transferable Letter of Credit is a crucial financial instrument in international trade transactions, governed by Dutch law and UCP 600 guidelines. It is typically used when parties seek a secure payment method in cross-border transactions, particularly when the buyer and seller don't have an established relationship or when local regulations require such instruments. The document provides security to both parties: the seller receives a bank's payment guarantee, while the buyer ensures goods meet specifications before payment is released. The irrevocable nature means the credit cannot be cancelled or modified without agreement from all parties, while the non-transferable aspect ensures the beneficiary cannot transfer their rights to another party. This instrument is particularly valuable in Dutch and European trade contexts, where it facilitates secure international commerce while complying with local banking regulations and EU trade laws.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Issuing Bank Information: Complete details of the issuing bank, including name, address, SWIFT code, and reference numbers
2. Letter of Credit Number: Unique identification number of the Letter of Credit
3. Date of Issue: The date when the Letter of Credit is issued
4. Beneficiary Details: Complete name and address of the party in whose favor the Letter of Credit is issued
5. Applicant Details: Complete name and address of the party requesting the Letter of Credit
6. Currency and Amount: The currency and amount for which the Letter of Credit is issued, both in figures and words
7. Expiry Date and Place: The date and location where the Letter of Credit expires
8. Available With/By: Details of how and where the Letter of Credit is available (payment, acceptance, negotiation)
9. Partial Shipments/Transhipment: Whether partial shipments or transhipment is allowed or prohibited
10. Documentary Requirements: Detailed list of documents required for presentation
11. Presentation Period: Time period within which documents must be presented after shipment
12. Non-Transferability clause: Explicit statement that the Letter of Credit is non-transferable
13. Governing Law and Jurisdiction: Statement that Dutch law governs and reference to UCP 600
1. Description of Goods: Detailed description of the goods when the Letter of Credit is for a specific trade transaction
2. Special Conditions: Any additional terms or conditions specific to this Letter of Credit
3. Reimbursement Instructions: Details of reimbursement arrangements between banks, used when involving a reimbursing bank
4. Confirmation Instructions: Instructions regarding confirmation, used when confirmation is requested from another bank
5. Insurance Requirements: Specific insurance requirements, used when insurance coverage needs to be specified
6. Pre-Shipment Inspection: Requirements for pre-shipment inspection, used when quality control is critical
7. Red Clause Provisions: Advance payment provisions, used in cases where advance payment is allowed
1. Schedule A - Document Presentation Checklist: Detailed checklist of required documents and their specific requirements
2. Schedule B - Standard Banking Forms: Standard forms required by the issuing bank for document presentation
3. Schedule C - Payment Terms Schedule: Detailed schedule of payment terms and conditions
4. Appendix 1 - UCP 600 Reference: Relevant articles of UCP 600 specifically applicable to this Letter of Credit
5. Appendix 2 - Documentary Requirements Format: Specific formats and templates for required documents
Authors
Relevant legal definitions
Clauses
Relevant Industries
International Trade
Banking and Financial Services
Manufacturing
Import/Export
Commodities Trading
Shipping and Logistics
Agriculture
Energy
Construction
Wholesale Distribution
Relevant Teams
Trade Finance
Treasury
Legal
Compliance
Risk Management
International Sales
Commercial Banking
Documentary Credits
Supply Chain Operations
Financial Control
Relevant Roles
Trade Finance Manager
International Business Development Manager
Treasury Manager
Finance Director
Import/Export Manager
Documentary Credits Specialist
Trade Operations Manager
Compliance Officer
Legal Counsel
Credit Risk Manager
Commercial Banking Manager
Supply Chain Manager
Chief Financial Officer
International Sales Manager
Banking Relationship Manager
Find the exact document you need
Notice Of Credit
A Dutch-compliant formal document notifying the recipient of a credit applied to their account, including essential credit and reference information.
find out more
Letter Of Credit Project (Finance)
A Dutch law-governed letter of credit document establishing terms and conditions for project finance security arrangements, combining local banking regulations with international standards.
find out more
Letter Of Credit For Services
A Dutch law-governed banking instrument that provides payment security for service-based transactions through an irrevocable bank commitment, subject to UCP 600 rules.
find out more
Lc For Payment
A Dutch law-governed Letter of Credit document that provides a bank's irrevocable commitment to pay a beneficiary upon presentation of compliant documents.
find out more
At Sight Letter Of Credit
A Dutch law-governed banking instrument providing immediate payment upon presentation of compliant trade documents, commonly used in international trade transactions.
find out more
Lc At Sight 90 Days
A Dutch law-governed Letter of Credit providing 90-day deferred payment terms while offering immediate documentary security to the seller.
find out more
Direct Pay Letter Of Credit
A Dutch law-governed financial instrument providing bank-guaranteed direct payment upon presentation of complying documents.
find out more
Usance Lc 90 Days
A Dutch law-governed trade finance instrument providing 90-day deferred payment terms, backed by bank guarantee under UCP 600 rules.
find out more
Lc Issuance
A Dutch law-governed banking instrument that provides payment guarantee in international trade, issued by a bank under Dutch financial regulations and UCP 600.
find out more
Standby Guarantee
A Dutch law-governed bank guarantee providing financial security for commercial obligations, typically following ISP98 rules.
find out more
180 Days Usance Lc
A Dutch law-governed trade finance instrument providing 180-day deferred payment terms, backed by bank guarantee and subject to document compliance.
find out more
Export Lc Discounting
Dutch law-governed agreement for discounting export letters of credit, establishing terms between a bank and an exporter for trade finance facilities.
find out more
Lc Finance Term
Dutch law governed term loan agreement establishing terms and conditions for a fixed-term lending facility between lender(s) and borrower(s).
find out more
Cash Collateralized Letter Of Credit
Dutch law-governed agreement for a cash-backed Letter of Credit, establishing terms between bank, applicant, and beneficiary with associated collateral arrangements.
find out more
Banker's Usance Lc
A Dutch law-governed documentary credit instrument providing deferred payment terms in international trade, with payment due after a specified usance period.
find out more
Application For Letter Of Credit
A Dutch-law governed application form requesting a bank to issue a Letter of Credit for international trade transactions, specifying payment terms and conditions.
find out more
Loan Against Irrevocable Lc
Dutch law-governed agreement for providing loan facilities secured against irrevocable letters of credit, typically used in international trade finance.
find out more
Payment Terms Dlc
A Dutch law-governed document establishing payment terms and conditions between commercial parties, ensuring compliance with Dutch Civil Code and EU payment regulations.
find out more
Mixed Payment Lc
A Dutch law-governed financial instrument combining immediate and deferred payment structures in international trade transactions, providing secure and flexible payment terms under UCP 600 guidelines.
find out more
Irrevocable Non Transferable Letter Of Credit
A Dutch law-governed bank guarantee instrument that provides secure payment in international trade, subject to document compliance and UCP 600 rules.
find out more
Direct Pay Standby Letter Of Credit
A Dutch law-governed banking instrument providing an irrevocable payment guarantee upon presentation of complying documents, offering enhanced security in commercial transactions.
find out more
Credit Card Clearance Letter
A Dutch law-governed formal document confirming the full settlement and closure of credit card debt obligations, issued by the credit card company or bank to the account holder.
find out more
Freely Negotiable Letter Of Credit
Dutch law-governed Letter of Credit document for secure international trade payments, combining local legal requirements with international banking standards.
find out more
Verbiage Letter Of Credit
A Dutch-law governed Letter of Credit document that facilitates secure international trade payments while complying with both Dutch banking regulations and international standards.
find out more
Transferable Lc At Sight
A Dutch law-governed transferable letter of credit providing immediate payment upon document presentation, enabling transfer of rights to secondary beneficiaries in international trade.
find out more
Small Business Letter Of Credit
A Dutch law-governed Letter of Credit document designed for small businesses, providing secure payment guarantees in international trade transactions.
find out more
Secured Letter Of Credit
A Dutch law-governed Letter of Credit backed by security interests, providing enhanced protection in international trade transactions.
find out more
Line Of Credit Letter
A Dutch law-governed letter establishing a revolving credit facility between a financial institution and a borrower, setting out terms for borrowing, repayment, and facility management.
find out more
Non Operative Letter Of Credit
A Dutch law-governed banking instrument providing conditional payment guarantee in international trade transactions, subject to UCP 600 and Dutch financial regulations.
find out more
Letter Of Credit 90 Days
A Dutch law-governed banking instrument providing 90-day deferred payment security in international trade transactions, subject to document compliance.
find out more
Letter Of Credit 30 Days
A Dutch law-governed Letter of Credit document establishing 30-day payment terms and conditions for secure international trade transactions.
find out more
Installment Letter Of Credit
Template for an Installment Letter of Credit under Dutch law, facilitating staged payments in international trade transactions with comprehensive regulatory compliance.
find out more
Inland Letter Of Credit
A Dutch law-governed financial instrument issued by a bank guaranteeing payment for domestic trade transactions within the Netherlands upon presentation of specified documents.
find out more
Domestic Letter Of Credit
A Dutch-law governed bank guarantee instrument for domestic trade transactions, providing payment security upon presentation of compliant documents within the Netherlands.
find out more
Discrepancy Letter Of Credit
A Dutch law-governed formal notification from a bank to a beneficiary regarding discrepancies in letter of credit documentation, outlining issues and available remedies.
find out more
Beneficiary In Letter Of Credit
A Dutch law-governed formal document submitted by a beneficiary to claim payment under a Letter of Credit, complying with both Dutch and international banking regulations.
find out more
Authorization Letter To Claim Credit Card Delivery
A Dutch law-compliant authorization letter enabling a designated person to collect a credit card from a bank on behalf of the cardholder.
find out more
Unsecured Letter Of Credit
A Dutch law-governed banking instrument that provides an irrevocable payment commitment without requiring security from the applicant.
find out more
Trade Finance Letter Of Credit
A Dutch law-governed Letter of Credit providing secure payment guarantee in international trade, combining local legal requirements with UCP 600 rules.
find out more
Unconditional Letter Of Credit
A Dutch law-governed banking instrument providing an irrevocable and unconditional payment guarantee from a bank to a beneficiary, payable upon simple demand.
find out more
Transit Letter Of Credit
A Dutch law-governed financial instrument that facilitates secure payment for international trade transactions involving goods in transit, combining banking regulations with transit operation requirements.
find out more
Synthetic Letter Of Credit
A Dutch law-governed financial instrument combining traditional letter of credit features with synthetic structures, providing secure trade financing under Netherlands' robust legal framework.
find out more
Surety Backed Letter Of Credit
Dutch law-governed financial instrument combining a letter of credit with surety backing for enhanced transaction security.
find out more
Structured Letter Of Credit
A Dutch law-governed financial instrument that provides structured payment assurance in international trade, combining UCP 600 standards with Dutch legal requirements.
find out more
Revolving Letter Of Credit
A Dutch law-governed Revolving Letter of Credit establishing a renewable credit facility for secure international trade payments, subject to UCP 600 and Dutch financial regulations.
find out more
Reverse Letter Of Credit
A Dutch law-governed banking instrument that reverses traditional letter of credit mechanics, providing a secure framework for international trade transactions where the seller initiates the credit arrangement.
find out more
Restricted Letter Of Credit
A Dutch law-governed banking instrument that provides secured payment in international trade with specific restrictions on its use and transferability.
find out more
Outstanding Letter Of Credit
A Dutch law-governed banking instrument providing payment security in international trade, combining local regulatory compliance with international banking standards.
find out more
Operative Letter Of Credit
A Dutch law-governed banking instrument that provides payment security in international trade transactions, subject to UCP 600 rules and Dutch financial regulations.
find out more
Non Negotiable Letter Of Credit
A Dutch law-governed banking instrument that provides secure, non-transferable payment assurance in international trade transactions.
find out more
Negotiable Letter Of Credit
A Dutch law-governed Negotiable Letter of Credit facilitating secure international trade payments with transferable payment rights.
find out more
Letter Of Credit Loc
A Dutch law-governed Letter of Credit that guarantees payment in international trade transactions, subject to UCP 600 and Dutch banking regulations.
find out more
Letter Of Credit Facility
Dutch law-governed agreement establishing terms for a bank's issuance of letters of credit, detailing facility limits, procedures, and party obligations.
find out more
Letter Of Credit Amendment
A Dutch law-governed document that formally modifies the terms of an existing Letter of Credit, complying with both Dutch banking regulations and international standards.
find out more
Lease Letter Of Credit
A Dutch law-governed banking instrument that provides security for lease obligations, where a bank commits to pay a landlord upon evidence of tenant default.
find out more
Fronting Letter Of Credit
A Dutch law-governed banking instrument where a fronting bank issues a letter of credit backed by a counter-guarantor bank, typically used in international trade transactions.
find out more
Fronting Fee Letter Of Credit
A Dutch law-governed document establishing fronting fee arrangements and terms for letter of credit services provided by a fronting bank.
find out more
Electronic Letter Of Credit
A Dutch law-governed electronic payment guarantee instrument used in international trade, providing secure payment through digital documentation and verification processes.
find out more
Divisible Letter Of Credit
A Dutch law-governed financial instrument enabling secure, partial payments in international trade transactions, subject to documentary requirements.
find out more
Credit Card Request Letter
A formal application letter to request a credit card from a Dutch financial institution, complying with Netherlands banking regulations and consumer credit laws.
find out more
Credit Reference Letter From Supplier
A Dutch-compliant formal letter from a supplier confirming a company's creditworthiness and payment history based on their business relationship.
find out more
Credit Note Letter
A Dutch-law governed financial document used to correct or adjust previously issued invoices, ensuring compliance with Dutch and EU tax regulations.
find out more
Credit Cancellation Letter
A Dutch law-governed formal notice to terminate a credit facility between a borrower and financial institution, ensuring compliance with Dutch financial regulations.
find out more
Conditional Letter Of Credit
A Dutch law-governed bank guarantee for international trade that ensures payment to sellers upon presentation of compliant documents, subject to specified conditions.
find out more
Commercial Letter Of Credit
A Dutch law-governed bank guarantee document ensuring secure payment in international trade transactions, subject to specified document presentation requirements.
find out more
Bond Letter Of Credit
A Dutch law-governed bank undertaking combining bond and letter of credit features, providing payment security upon document presentation under specified conditions.
find out more
Blockchain Letter Of Credit
A Dutch law-governed document that establishes terms for a blockchain-based letter of credit, combining traditional trade finance with smart contract automation.
find out more
Bank Facilities Letter
A Dutch law-governed document outlining terms and conditions of banking facilities offered by a bank to its client, including credit terms, security requirements, and covenants.
find out more
Backstop Letter Of Credit
A Dutch law-governed contingent payment instrument that provides backup support for a primary letter of credit or financial obligation.
find out more
Advised Letter Of Credit
A Dutch law-governed banking instrument where an advising bank notifies the beneficiary of a Letter of Credit without adding its own payment commitment.
find out more
Letter Of Credit Payment
A Dutch law-governed banking instrument that provides payment security in international trade through a bank's irrevocable commitment to pay upon presentation of compliant documents.
find out more
Letter Of Credit For Utilities
A Dutch-law governed bank guarantee instrument securing payment obligations for utility services, providing payment assurance to utility providers and service continuity to customers.
find out more
Usance Letter Of Credit
A Dutch law-governed banking instrument providing deferred payment terms in international trade, combining UCP 600 rules with Dutch legal requirements.
find out more
Lc 60 Days
A Dutch law-governed Letter of Credit providing 60-day deferred payment terms, serving as a bank guarantee for international trade transactions.
find out more
Letter Of Credit Transferable
A Dutch law-governed banking instrument that enables the transfer of Letter of Credit rights from one beneficiary to another, commonly used in international trade transactions.
find out more
Import And Export Letter Of Credit
A Dutch law-governed banking instrument that guarantees payment in international trade transactions, subject to compliance with specified documentary requirements.
find out more
Release Letter Of Credit
A Dutch law-governed banking document that formally releases obligations under an existing letter of credit, complying with both local and international banking regulations.
find out more
Lc Without Recourse
A Dutch law-governed banking instrument providing irrevocable payment commitment in international trade, where the issuing bank cannot seek reimbursement from the beneficiary.
find out more
Credit Application Letter
A formal credit request document under Dutch law, outlining the applicant's financial position and credit requirements for assessment by financial institutions.
find out more
Lc Bank Guarantee
A Dutch law-governed bank guarantee document providing financial security through an irrevocable undertaking by a bank to pay a specified sum upon demand.
find out more
Advising Bank In Bank Guarantee
Dutch law agreement governing an advising bank's role and responsibilities in bank guarantee arrangements, including authentication and communication duties.
find out more
Irrevocable Letter Of Credit
A Dutch law-governed banking instrument providing an irrevocable payment guarantee in international trade, subject to document compliance and UCP 600 rules.
find out more
Documentary Letter Of Credit
A Dutch law-governed banking instrument that provides payment security in international trade through bank-guaranteed payment against document presentation.
find out more
Construction Letter Of Credit
A Dutch law-governed financial instrument providing payment security for construction projects, combining international banking standards with local construction regulations.
find out more
Lc Non Transferable
A Dutch law-governed non-transferable letter of credit providing secure payment in international trade, prohibiting transfer of rights to third parties.
find out more
Import Letter Of Credit
A Dutch-law governed banking instrument that guarantees payment from an importer to an exporter upon presentation of compliant documents in international trade transactions.
find out more
Close Credit Card Letter
A Dutch-compliant formal letter template for requesting and documenting credit card account closure, meeting all regulatory requirements in the Netherlands.
find out more
Discounting Letter Of Credit
A Dutch law-governed bank document offering to purchase Letter of Credit payment rights at a discount before maturity, enabling early payment to exporters.
find out more
Performance Letter Of Credit
A Dutch law-governed bank guarantee instrument that secures performance obligations in commercial contracts through an irrevocable payment undertaking.
find out more
Irrevocable Transferable Lc
A Dutch law-governed financial instrument providing secure, transferable payment commitment in international trade, incorporating UCP 600 rules and local regulations.
find out more
Export Letter Of Credit
A Dutch law-governed documentary credit instrument that secures payment in international trade transactions, combining UCP 600 rules with Dutch legal requirements.
find out more
Payment Guarantee Letter To Supplier
A Dutch law-governed financial instrument where a guarantor commits to pay a supplier if the buyer defaults on their payment obligations.
find out more
Lc Letter Of Credit
A Dutch law-governed Letter of Credit that provides payment security in international trade transactions, subject to UCP 600 rules and Dutch financial regulations.
find out more
Credit Facility Letter
A Dutch law-governed letter offering credit facilities from a financial institution to a borrower, setting out key terms and conditions of the lending arrangement.
find out more
Clean Letter Of Credit
A Dutch law-governed Clean Letter of Credit is a bank's unconditional payment guarantee to a seller in international trade, subject to presentation of compliant documents.
find out more
Evergreen Letter Of Credit
A Dutch law-governed automatically renewing letter of credit that provides ongoing payment guarantee in international trade transactions, subject to UCP 600 rules and Dutch banking regulations.
find out more
Credit Agreement Letter
A Dutch law-governed letter setting out credit facility terms between lender and borrower, serving as both formal offer and binding agreement upon acceptance.
find out more
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s 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)