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1. Parties: Identification of all parties including the issuing bank, beneficiary, and applicant
2. Background: Context of the transaction and relationship between parties
3. Definitions: Key terms used throughout the agreement, including banking and trade finance terminology
4. LC Amount and Currency: Specification of the credit amount and currency of payment
5. Payment Terms: Details of the deferred payment period, maturity date, and payment conditions
6. Required Documents: List of documents required for presentation under the LC
7. Presentation and Examination: Rules and timeframes for document presentation and examination
8. Bank's Undertaking: The bank's commitment to pay against compliant documents
9. Applicant's Obligations: Responsibilities and commitments of the LC applicant
10. Fees and Charges: All applicable fees, charges, and commission rates
11. Governing Law and Jurisdiction: Application of Philippine law and jurisdiction details
12. Notices: Communication procedures and contact details for all parties
13. Force Majeure: Provisions for unforeseen circumstances affecting performance
1. Security Arrangements: Used when additional security or collateral is required from the applicant
2. Insurance Requirements: Included when specific insurance coverage is mandatory for the underlying transaction
3. Transfer Rights: Required if the LC needs to be transferable to other beneficiaries
4. Back-to-Back LC Provisions: Included when the LC is part of a back-to-back LC arrangement
5. Revolving Credit Terms: Used when the LC is structured as a revolving facility
6. Foreign Exchange Provisions: Required when currency conversion or exchange risk management is needed
7. Anti-Money Laundering Compliance: Detailed compliance requirements for high-risk transactions or parties
8. Electronic Presentation: Terms for electronic document presentation if permitted
1. Schedule A - Commercial Invoice Requirements: Detailed requirements for commercial invoice presentation
2. Schedule B - Transport Document Requirements: Specifications for bills of lading or other transport documents
3. Schedule C - Fee Schedule: Detailed breakdown of all applicable fees and charges
4. Schedule D - Document Examination Checklist: Checklist for document compliance examination
5. Appendix 1 - Required Document Formats: Standard formats for required documents
6. Appendix 2 - Bank's Standard LC Terms: Standard terms and conditions of the issuing bank
7. Appendix 3 - UCP 600 Incorporation: Specific UCP 600 articles applicable to the LC
8. Appendix 4 - Authorized Signatories: List of authorized signatories for all parties
Banking and Financial Services
International Trade
Manufacturing
Agriculture and Food
Retail
Construction
Mining and Resources
Textiles
Electronics
Automotive
Pharmaceuticals
Commodities Trading
Trade Finance
International Banking
Documentary Credits
Treasury
Risk Management
Legal
Compliance
Finance
International Trade Operations
Credit Administration
Supply Chain
Procurement
Trade Finance Manager
International Banking Officer
Documentary Credits Specialist
Treasury Manager
Import/Export Manager
Trade Operations Manager
Compliance Officer
Credit Risk Manager
Banking Relationship Manager
Chief Financial Officer
Finance Director
International Trade Specialist
Supply Chain Manager
Procurement Manager
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