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Advised Letter Of Credit
"I need an Advised Letter of Credit for a Swiss machinery export transaction worth EUR 2.5 million, with UBS as the issuing bank and delivery required by March 2025, including specific provisions for partial shipments and stage payments."
1. Letter Reference Details: Document reference number, date, and urgent/priority markings
2. Beneficiary Details: Full name and address of the beneficiary of the Letter of Credit
3. Applicant Details: Full name and address of the applicant requesting the Letter of Credit
4. Issuing Bank Details: Name and address of the bank issuing the Letter of Credit
5. Advising Bank Details: Name and address of the bank advising the Letter of Credit
6. Credit Amount and Currency: Specific amount and currency of the Letter of Credit
7. Form of Credit: Specification that this is an irrevocable advised Letter of Credit
8. Expiry Details: Expiry date and place of the Letter of Credit
9. Documentary Requirements: Detailed list of required documents for presentation
10. Shipment Terms: Details of shipment including latest shipment date and partial shipments
11. Payment Terms: Specification of payment terms including timing and conditions
12. Special Conditions: Any additional terms and conditions specific to this Letter of Credit
1. Transferability Clause: Include when the Letter of Credit needs to be transferable to another beneficiary
2. Revolving Terms: Include for revolving Letters of Credit specifying reinstatement terms
3. Red Clause: Include when advance payment provisions are required
4. Green Clause: Include when warehouse storage provisions are needed
5. Back-to-Back Provisions: Include when this LC is issued against another LC
6. Confirmation Instructions: Include when confirmation by another bank is requested
1. Schedule A - Document Checklist: Detailed checklist of required documents with specific format requirements
2. Schedule B - Shipping Terms: Detailed shipping requirements including ports, modes of transport, and timing
3. Schedule C - Goods Description: Detailed description of goods including quantities, specifications, and pricing
4. Appendix 1 - UCP 600 Reference: Specific UCP 600 articles applicable to this Letter of Credit
5. Appendix 2 - Bank Contact Details: Complete contact information for all banks involved in the transaction
6. Appendix 3 - Amendment Format: Standard format for any future amendments to the Letter of Credit
Authors
Applicant
Banking Day
Beneficiary
Bill of Exchange
Bill of Lading
Chamber of Commerce
Clean Collection
Commercial Invoice
Complying Presentation
Confirmation
Confirming Bank
Credit
Documentary Credit
Documents
Draft
Expiry Date
Force Majeure
Governing Law
Incoterms
Insurance Certificate
Insurance Policy
Issuing Bank
Letter of Credit
Negotiating Bank
Negotiation
Packing List
Payment Terms
Place for Presentation
Presentation
Reimbursing Bank
Shipment
SWIFT
Trade Terms
Transport Document
UCP 600
Undertaking
Credit Amount
Currency Provisions
Availability and Expiry
Documentary Requirements
Payment Terms
Bank Obligations
Presentation Requirements
Shipping Terms
Document Examination
Bank Discretion
Force Majeure
Governing Law
Jurisdiction
Banking Instructions
Reimbursement Provisions
Assignment Restrictions
Amendment Conditions
Notice Requirements
Confirmation Terms
Document Discrepancy
Bank Liability
Compliance Requirements
Anti-Money Laundering
Sanctions Compliance
Communication Methods
Fee Provisions
Interest Provisions
Transfer Rights
Termination Rights
Time Limits
Document Rejection
Bank Authentication
Confidentiality
Banking and Financial Services
International Trade
Manufacturing
Agriculture and Food
Commodities Trading
Textiles and Apparel
Electronics and Technology
Automotive
Mining and Minerals
Oil and Gas
Chemical Industry
Pharmaceuticals
Construction Materials
Heavy Equipment
Consumer Goods
Trade Finance
International Banking
Documentary Credits
Global Transaction Banking
Trade Operations
Risk Management
Compliance
Treasury
Credit Administration
Legal
Customer Relations
Trade Services
Financial Control
Trade Finance Manager
International Banking Officer
Documentary Credits Specialist
Export Finance Manager
Import Finance Manager
Trade Operations Manager
Compliance Officer
Credit Risk Manager
Treasury Manager
Global Transaction Banking Officer
Trade Documentation Specialist
Letter of Credit Analyst
International Trade Specialist
Banking Relationship Manager
Chief Financial Officer
Finance Director
Trade Finance Sales Officer
Trade Services Manager
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