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1. Issuing Bank Details: Full name, address, and reference number of the issuing bank
2. Date and Place of Issue: The date and location where the letter of credit is issued
3. Letter of Credit Number: Unique identification number for the credit
4. Beneficiary Details: Full name and address of the first beneficiary
5. Applicant Details: Full name and address of the applicant (buyer)
6. Transfer Terms: Explicit statement that the credit is transferable and conditions for transfer
7. Amount and Currency: Maximum credit amount and currency specification
8. Validity and Expiry: Validity period and expiry date of the credit
9. Documentation Requirements: List of required documents for credit utilization
10. Shipment Terms: Details of shipment including latest shipment date and partial shipments if allowed
11. Payment Terms: Specification of payment terms including sight, deferred payment, or acceptance
12. Transfer Conditions: Specific conditions under which the credit may be transferred to second beneficiaries
13. Governing Law and Jurisdiction: Reference to South African law and UCP 600
1. Revolving Terms: Include when the letter of credit is both transferable and revolving, specifying reinstatement conditions
2. Red Clause Provisions: Include when advance payment provisions are required
3. Green Clause Provisions: Include when storage provisions and advance payments are needed
4. Back-to-Back Arrangements: Include when the credit allows for back-to-back LC arrangements
5. Insurance Requirements: Include when specific insurance requirements need to be detailed beyond standard documentation
6. Special Instructions: Include when there are specific handling or processing instructions for the transferring bank
1. Schedule A - Required Documents: Detailed list of all required documents and their specifications
2. Schedule B - Fee Structure: Breakdown of all applicable fees, charges, and commission rates
3. Schedule C - Transfer Application Form: Standard form for requesting transfer of the credit
4. Appendix 1 - UCP 600 Reference: Relevant articles of UCP 600 applicable to this transferable credit
5. Appendix 2 - SWIFT Format: SWIFT message format specifications for the credit transfer
Banking and Financial Services
International Trade
Import/Export
Manufacturing
Commodity Trading
Shipping and Logistics
Agriculture and Produce
Wholesale Distribution
Mining and Resources
Textiles and Garments
Industrial Equipment
Trade Finance
International Banking
Documentary Credits
Global Transaction Services
Export Operations
Import Operations
Banking Operations
Compliance
Treasury
International Trade Operations
Risk Management
Supply Chain Finance
Trade Finance Manager
International Trade Specialist
Documentary Credits Officer
Export Finance Manager
Import Finance Manager
Banking Operations Manager
Compliance Officer
Treasury Manager
Trade Operations Specialist
Letter of Credit Specialist
International Business Development Manager
Supply Chain Finance Manager
Global Transaction Banking Officer
Trade Solutions Advisor
Financial Instruments Manager
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