Counter Standby Letter Of Credit Template for United Arab Emirates

1. Transfer Provisions: Include when the Counter Standby Letter of Credit needs to be transferable

2. Islamic Banking Compliance: Required when the instrument needs to comply with Sharia principles

3. Multiple Drawing Provisions: Include when multiple partial drawings are to be permitted

4. Foreign Currency Provisions: Include when payments may be made in multiple currencies or currency conversion is relevant

5. Force Majeure Clauses: Optional additional protection for extraordinary circumstances

6. Electronic Presentation Terms: Include when electronic presentation of documents is permitted

1. Schedule A - Required Documents: Detailed list of documents required for drawing under the Counter Standby Letter of Credit

2. Schedule B - Form of Demand: Prescribed format for making a demand under the Counter Standby Letter of Credit

3. Schedule C - Bank Payment Instructions: Detailed banking coordinates and payment routing instructions

4. Appendix 1 - Primary Credit: Copy or key terms of the primary Standby Letter of Credit being counter-guaranteed

5. Appendix 2 - Communication Procedures: Specific procedures for communications between parties including SWIFT formats if applicable