Letter Of Credit Contract Template for United Arab Emirates

1. Islamic Banking Compliance: Required when the Letter of Credit needs to be Sharia-compliant, including relevant Islamic banking principles and structures

2. Confirmation Arrangements: Include when a confirming bank is involved in the transaction

3. Back-to-Back Credits: Required when the Letter of Credit is part of a back-to-back arrangement

4. Transfer Rights: Include when the credit is transferable to second beneficiaries

5. Revolving Credit Terms: Required for revolving Letters of Credit, specifying reinstatement terms

6. Red Clause Provisions: Include when advance payment facilities are provided under the credit

7. Standby Provisions: Required when the Letter of Credit serves as a standby instrument

1. Schedule 1 - Form of Letter of Credit: Template of the actual Letter of Credit to be issued

2. Schedule 2 - Fee Schedule: Detailed breakdown of all applicable fees, charges, and commission rates

3. Schedule 3 - Required Documents: Comprehensive list and specifications of required documents for presentation

4. Schedule 4 - Standard Forms: Templates for amendment requests, presentation covers, and other standard forms

5. Appendix A - UCP 600 Incorporation: Specific articles of UCP 600 incorporated into the agreement

6. Appendix B - Bank's Standard Terms: General terms and conditions of the issuing bank

7. Appendix C - Specimen Signatures: Authorized signatures for all relevant parties