The Beneficiary Certificate Letter of Credit is an essential document in Canadian trade finance and banking operations, typically used when a beneficiary is drawing under a Letter of Credit. This certificate serves as the beneficiary's formal declaration that all conditions of the Letter of Credit have been met and that the presentation of documents complies with the LC terms. It is particularly important in international trade transactions where Canadian businesses are receiving payment through Letters of Credit, as it provides the issuing bank with the necessary assurances to process payment. The document must comply with Canadian federal banking regulations, provincial laws, and international banking practices such as UCP 600. It typically includes declarations about document compliance, shipment details (if applicable), and the accuracy of presented information, serving as a key risk management tool for banks and trading parties.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Letter of Credit Reference: Clear identification of the Letter of Credit number, issuing bank, and date
2. Beneficiary Information: Full legal name and address of the beneficiary making the declaration
3. Declaration of Compliance: Explicit statement that all terms and conditions of the Letter of Credit have been met
4. Transaction Details: Specific details of the underlying transaction, including relevant dates and amounts
5. Document List: Enumeration of all documents being presented with the certificate
6. Certification Statement: Formal statement certifying the truth and accuracy of all declarations made
7. Signature Block: Space for authorized signature, name, title, and date
1. Partial Drawing Declaration: Required only when making a partial drawing under the Letter of Credit
2. Transfer Details: Required only if the Letter of Credit has been transferred to a second beneficiary
3. Discrepancy Notice: Optional section acknowledging any known discrepancies in the presentation
4. Bank Instructions: Optional section specifying payment instructions if different from those in the original LC
5. Force Majeure Declaration: Required only when claiming exception due to force majeure events
1. Schedule A - Document Checklist: Detailed checklist of all required documents being presented
2. Schedule B - Shipping Details: If applicable, detailed information about shipment dates, vessel names, etc.
3. Schedule C - Invoice List: Detailed list of all commercial invoices being presented
4. Appendix 1 - Supporting Calculations: Any calculations required to support the amount being drawn
5. Appendix 2 - Authority Evidence: Evidence of the signer's authority to execute the certificate on behalf of the beneficiary
Find the exact document you need
Import Bill Under Lc
A Canadian-law governed agreement establishing terms and conditions for import transactions using Letters of Credit, defining rights and obligations of all parties involved in international trade transactions.
Download
Standby Letter Of Credit Cost
A Canadian-compliant document detailing the complete fee structure and costs associated with issuing and maintaining a standby letter of credit.
Download
Letter Of Credit Project (Finance)
A Canadian-law governed Letter of Credit facility agreement for project finance transactions, establishing terms, conditions, and security arrangements under federal and provincial regulations.
Download
Lc Sight And Usance
A Canadian-law governed Letter of Credit document combining immediate (sight) and deferred (usance) payment options for international trade transactions.
Download
Letter Of Credit Limit
A Canadian law-governed agreement establishing a bank facility for issuing letters of credit up to a specified limit, outlining terms, conditions, and compliance requirements.
Download
Lc Invoice
A Canadian-compliant commercial invoice specifically formatted to support Letter of Credit requirements in international trade transactions, adhering to federal banking and trade regulations.
Download
Irrevocable Unconfirmed Letter Of Credit
A Canadian-governed banking instrument providing irrevocable payment commitment in international trade, subject to document compliance and UCP 600 rules.
Download
Lc Payment Terms In Export
Canadian-law governed Letter of Credit payment terms document specifying conditions and requirements for export transactions.
Download
SBLC Dlc
A Canadian-law governed banking instrument providing payment security in international trade transactions, following both domestic and international banking standards.
Download
Irrevocable Letter Of Credit Cost
A Canadian banking document detailing the costs and fees associated with an irrevocable letter of credit, governed by Canadian banking laws and UCP 600.
Download
Cash Backed SBLC
Canadian law-governed agreement for a cash-backed Standby Letter of Credit, establishing terms, conditions, and obligations for all parties involved.
Download
SBLC Transferable
A Canadian law-governed Transferable Standby Letter of Credit document that establishes terms for a transferable bank guarantee, incorporating federal banking and provincial securities regulations.
Download
Export Lc Discounting
A Canadian law-governed agreement for discounting export letters of credit, enabling exporters to obtain immediate financing against their LC receivables.
Download
SBLC Non Recourse Loan
Canadian law-governed non-recourse loan agreement secured by SBLC, establishing terms for limited-recourse financing with specific collateral provisions.
Download
SBLC Trade Program
Canadian-law governed agreement establishing terms and conditions for a Standby Letter of Credit (SBLC) Trade Program, including issuance, maintenance, and drawing conditions.
Download
Loan Against Lc
A Canadian-law governed agreement establishing a loan facility secured by a Letter of Credit, incorporating federal and provincial banking regulations.
Download
Application For Letter Of Credit
A Canadian-compliant formal application document used to request a bank to issue a letter of credit for international trade transactions.
Download
SBLC Buyers
A Canadian-law governed agreement establishing terms for SBLC issuance between a buyer and issuing bank, incorporating federal banking and provincial contract law requirements.
Download
Transferring Bank In Lc
A Canadian-law governed agreement for transferring rights under a Letter of Credit from the first beneficiary to a second beneficiary, executed by a transferring bank.
Download
Revolving SBLC
A Canadian-law governed Revolving Standby Letter of Credit providing a renewable guarantee facility, structured under federal banking regulations and international banking practices.
Download
Payment Terms Dlc
Canadian-law governed payment terms document for Documentary Letter of Credit arrangements, detailing requirements and obligations for international trade transactions.
Download
Non Transferable SBLC
A Canadian law-governed Non-Transferable Standby Letter of Credit providing payment guarantee from a bank to a beneficiary, with explicit prohibition on transfer or assignment.
Download
Negotiation Bank In Lc
A Canadian-law governed Negotiation Bank Letter of Credit document establishing terms for secure international trade payment through bank negotiation.
Download
Freely Negotiable Letter Of Credit
A Canadian-law governed, bank-issued payment guarantee document that provides security in trade transactions while allowing negotiation and transfer of payment rights.
Download
Time Letter Of Credit
A Canadian-law governed bank-issued document guaranteeing payment to a seller at a specified future date upon presentation of compliant documents.
Download
Straight Letter Of Credit
A Canadian-law governed banking instrument providing secure payment in international trade through bank-guaranteed payment upon presentation of compliant documents.
Download
Non Operative Letter Of Credit
A Canadian-compliant banking instrument that provides a guaranteed payment commitment from a bank to a beneficiary upon meeting specified documentary conditions.
Download
Letter Of Credit 90 Days
A Canadian-compliant banking instrument providing payment assurance in trade transactions, valid for 90 days, governed by federal banking laws and UCP 600.
Download
Letter Of Credit 60 Days
A Canadian-law governed Letter of Credit providing a 60-day payment deferral period, issued by a bank as a secure payment mechanism for international trade transactions.
Download
Letter Of Credit 30 Days
A Canadian-law governed Letter of Credit providing 30-day deferred payment terms, where a bank guarantees payment to a seller upon document compliance.
Download
Irrevocable Confirmed Lc At Sight
A Canadian-compliant financial instrument providing guaranteed payment at sight in international trade, backed by both issuing and confirming banks under federal banking laws and UCP 600 rules.
Download
Domestic Letter Of Credit
A Canadian bank-issued payment guarantee instrument for domestic transactions, governed by Canadian banking laws and regulations, providing payment security between domestic buyers and sellers.
Download
Digital Letter Of Credit
A Canadian-compliant digital banking instrument that guarantees payment in international trade transactions, subject to electronic document presentation under Canadian law.
Download
Unsecured Letter Of Credit
A Canadian-governed bank instrument providing payment guarantee to a seller without requiring security from the buyer, governed by Canadian banking laws and UCP 600.
Download
Unconditional Letter Of Credit
A Canadian-law governed bank undertaking providing unconditional payment assurance to a beneficiary upon presentation of complying documents.
Download
Transit Letter Of Credit
A Canadian-compliant banking instrument that guarantees payment for goods in transit, combining domestic banking regulations with international trade practices.
Download
Synthetic Letter Of Credit
A Canadian-law governed financial instrument combining traditional letter of credit features with synthetic structures to provide enhanced flexibility in trade finance transactions.
Download
Syndicated Letter Of Credit
Canadian law-governed agreement establishing terms for a multi-bank letter of credit facility with shared risk and commitment structures.
Download
Surety Backed Letter Of Credit
A Canadian-law governed financial instrument combining a letter of credit with surety protection, providing enhanced security for complex commercial transactions.
Download
Structured Letter Of Credit
A Canadian-law governed banking instrument providing secured payment commitment with structured terms for complex commercial transactions, following UCP 600 rules and Canadian banking regulations.
Download
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it