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The Irrevocable Transferable LC is a crucial document in international trade finance, particularly relevant under Saudi Arabian jurisdiction where it must comply with both Sharia principles and international banking standards. This document type is typically used when the original beneficiary acts as a middleman or trader and needs the ability to transfer the credit to actual suppliers or manufacturers. The irrevocable nature means that once issued, the terms cannot be modified or cancelled without the agreement of all parties involved. The document includes detailed specifications about the underlying trade transaction, payment terms, document requirements, and transfer conditions. It's particularly important in Saudi Arabia's context, where it must align with SAMA regulations while facilitating international trade operations. The transferable feature makes it especially valuable in complex trading arrangements involving multiple parties across different countries.

1. LC Number and Date: Unique identification number and issuance date of the Letter of Credit

2. Form of Credit: Clear statement that this is an Irrevocable Transferable Documentary Credit

3. Applicant Details: Full name, address, and contact information of the party requesting the LC

4. Beneficiary Details: Full name, address, and contact information of the party in whose favor the LC is issued

5. Issuing Bank Details: Name, address, and SWIFT code of the issuing bank

6. Amount and Currency: Maximum credit amount and currency, stated in both figures and words

7. Expiry Date and Place: Clear statement of when and where the LC expires

8. Available With/By: Specification of the bank with which the credit is available and manner of availability

9. Partial Shipments/Transhipment: Whether partial shipments and transhipment are allowed or prohibited

10. Loading/Dispatch From: Port of loading or place of dispatch

11. Port of Discharge: Final destination of goods

12. Latest Date of Shipment: Final date by which shipment must be made

13. Goods Description: Detailed description of the goods, quantity, and unit price

14. Required Documents: List of all documents required for presentation

15. Additional Conditions: Any additional terms and conditions of the credit

16. Transfer Terms: Specific conditions and procedures for transferring the credit