Letter Of Credit And Standby Letter Of Credit Template for United Arab Emirates

1. Advising Bank Details: Details of the advising bank when LC/SBLC is advised through another bank

2. Confirmation Instructions: Instructions regarding confirmation when a confirmed LC/SBLC is required

3. Transferability Clause: Terms for transfer when the LC/SBLC is transferable

4. Partial Shipments/Drawings: Whether partial shipments or drawings are allowed

5. Transhipment Clause: Terms regarding transhipment when applicable for commercial LCs

6. Insurance Requirements: Specific insurance requirements for commercial LCs involving goods

7. Special Conditions: Any additional terms or conditions specific to the transaction

8. Assignment of Proceeds: Terms for assignment of proceeds if applicable

9. Back-to-Back Provisions: Terms for back-to-back LC arrangements if applicable

10. Islamic Banking Compliance: Additional terms ensuring Sharia compliance when required

1. Schedule A - Document Requirements: Detailed list and specifications of required documents

2. Schedule B - Payment Schedule: Detailed payment terms and conditions, including any installment arrangements

3. Schedule C - Goods/Services Description: Detailed description of goods or services covered (for commercial LCs)

4. Schedule D - Bank Details: Complete banking information for all parties involved

5. Appendix 1 - Form of Demand: Standard format for making a demand under the LC/SBLC

6. Appendix 2 - Form of Transfer: Standard format for transfer request (for transferable LCs)

7. Appendix 3 - Communication Procedures: Procedures for communications between parties

8. Appendix 4 - Fee Schedule: Details of all applicable banking fees and charges