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Non Transferable SBLC
"I need a Non-Transferable SBLC for AED 5 million to secure a construction project performance guarantee in Dubai, with Emirates NBD as the issuing bank and validity until March 15, 2025, including specific provisions for partial drawings."
1. Bank Details and Reference: Issuing bank's details, SWIFT code, and SBLC reference number
2. Beneficiary Details: Full name and address of the beneficiary
3. Applicant Details: Full name and address of the applicant requesting the SBLC
4. Credit Amount: Specified amount and currency of the standby letter of credit
5. Issuance and Expiry Dates: Effective date of issuance and expiration date of the SBLC
6. Non-Transferability Clause: Clear statement that the SBLC cannot be transferred or assigned
7. Purpose of SBLC: Underlying transaction or obligation being guaranteed
8. Presentation Requirements: Documents required for making a claim under the SBLC
9. Payment Terms: Conditions and timeframe for payment upon valid presentation
10. Governing Law and Jurisdiction: Specification of UAE law and relevant jurisdiction
11. Applicable Rules: Reference to UCP 600 or ISP98 as applicable
1. Partial Drawings Clause: Include when multiple partial drawings are to be permitted
2. Special Conditions: Include when there are specific conditions or requirements unique to the transaction
3. Authentication Method: Include when specific authentication procedures are required beyond standard SWIFT
4. Reduction Schedule: Include when the SBLC amount is to be reduced over time according to a schedule
5. Force Majeure Provisions: Include when specific force majeure events need to be addressed
6. Language Preference: Include when the SBLC needs to be issued in multiple languages
7. Sharia Compliance: Include when the SBLC needs to comply with Islamic banking principles
1. Schedule A - Demand Form: Standard form for making a demand under the SBLC
2. Schedule B - Required Documents: List and format of supporting documents required for claims
3. Schedule C - Authorization Evidence: Forms of evidence required to prove authority of signatories
4. Appendix 1 - Communication Procedures: Detailed procedures for communications between parties
5. Appendix 2 - Fee Schedule: Schedule of any applicable fees and charges
6. Appendix 3 - Specimen Signatures: Authorized signatures for all relevant parties
Authors
Applicant
Banking Day
Beneficiary
Business Day
Claim
Complying Presentation
Confirming Bank
Credit Amount
Demand
Documentary Requirements
Effective Date
Expiry Date
Force Majeure
Governing Law
ICC
ISP98
Issuing Bank
Letter of Credit
Non-Transferable
Notification
Original SBLC
Partial Drawing
Payment Obligation
Presentation
SBLC
Security Interest
SWIFT
Trade Finance
UCP 600
Underlying Transaction
UAE Central Bank
Valid Claim
Interpretation
Definitions
Credit Amount and Currency
Duration and Expiry
Non-Transferability
Payment Terms
Presentation Requirements
Claims Procedure
Documentary Requirements
Bank Obligations
Applicant Obligations
Beneficiary Rights
Force Majeure
Notices
Amendments
Governing Law
Jurisdiction
Dispute Resolution
Compliance
Anti-Money Laundering
Sanctions
Fees and Charges
Authentication
Communications
Severability
Counterparts
Language
Time of Essence
Entire Agreement
Banking and Financial Services
International Trade
Construction
Real Estate
Manufacturing
Energy and Utilities
Infrastructure Development
Import/Export
Shipping and Logistics
Commodities Trading
Treasury
Trade Finance
Legal
Compliance
Risk Management
Finance
Operations
Commercial
Credit
Banking Relations
Project Management
Treasury Manager
Trade Finance Manager
Chief Financial Officer
Financial Controller
Risk Manager
Commercial Director
Legal Counsel
Compliance Officer
Credit Manager
Banking Relationship Manager
Finance Director
Contract Manager
Project Manager
Import/Export Manager
Operations Director
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