Letter Of Credit Contract Template for Australia

1. Confirmation Instructions: Used when confirmation by another bank is requested, specifying the confirming bank's role and responsibilities

2. Transfer Provisions: Include when the credit is transferable, detailing transfer conditions and procedures

3. Back-to-Back Arrangements: Needed when the credit supports a back-to-back letter of credit structure

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

5. Revolving Terms: Used for revolving letters of credit, specifying reinstatement terms

6. Insurance Requirements: Detailed insurance requirements when the credit requires insurance coverage

7. Shipping Terms: Additional shipping-specific provisions when required by the underlying trade transaction

8. Anti-Money Laundering Compliance: Specific AML/CTF compliance requirements when dealing with high-risk jurisdictions or transactions

1. Schedule 1 - Document Requirements: Detailed checklist of required documents and their specific format requirements

2. Schedule 2 - Fee Schedule: Comprehensive breakdown of all applicable fees and charges

3. Schedule 3 - Standard Forms: Templates for amendment requests, transfer applications, and other standard forms

4. Appendix A - UCP 600 Reference: Relevant articles of UCP 600 specifically applicable to this credit

5. Appendix B - Special Conditions: Any special conditions or requirements specific to the transaction

6. Appendix C - Authorized Signatories: List of authorized signatories for the applicant and their specimen signatures