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Bank Guarantee Letter Of Credit
"I need a Bank Guarantee Letter of Credit for a Swiss machinery export transaction worth EUR 2.5 million, with documents to be presented within 21 days of shipment and expiry date of March 15, 2025, including special provisions for partial shipments."
1. Issuing Bank Details: Full name and address of the issuing bank
2. LC Number and Date: Unique reference number and date of issuance
3. Beneficiary Details: Full name and address of the beneficiary
4. Applicant Details: Full name and address of the applicant (buyer)
5. Credit Amount: Currency and amount of the letter of credit
6. Expiry Date and Place: Validity period and location where documents must be presented
7. Available With/By: Terms of availability and method of payment
8. Partial Shipments/Transhipment: Whether partial shipments or transhipment are allowed or prohibited
9. Loading/Dispatch/Taking in Charge: Place of taking in charge, dispatch, or loading
10. Port of Discharge/Final Destination: Final destination or port of discharge
11. Latest Date of Shipment: Final date by which shipment must be made
12. Document Requirements: List of required documents for presentation
13. Additional Conditions: Any special conditions or terms
14. Charges: Details of banking charges and who bears them
15. Period for Presentation: Time period within which documents must be presented after shipment
16. Confirmation Instructions: Whether the LC is confirmed or not
1. Transferability Clause: Used when the LC needs to be transferable to another beneficiary
2. Back-to-Back Provisions: Included when the LC supports a back-to-back credit arrangement
3. Red Clause: Used when advance payment to the beneficiary is permitted
4. Green Clause: Included when storage of goods is involved with advance payment
5. Revolving Credit Terms: Added when the LC is revolving in value or time
6. Tolerance Provisions: Specifies acceptable variations in amount or quantity
7. Assignment of Proceeds: Included when proceeds can be assigned to a third party
8. Reimbursement Instructions: Used when specific reimbursement arrangements are required
1. Document Requirements Schedule: Detailed list of required documents and their specifications
2. Commercial Invoice Requirements: Specific requirements for commercial invoice presentation
3. Transport Document Requirements: Detailed requirements for transport documents
4. Insurance Document Requirements: Specifications for insurance documentation
5. Special Conditions Appendix: Any detailed special conditions or requirements
6. Price Calculation Schedule: If applicable, details of price calculation methodology
7. Shipping Schedule: If applicable, detailed shipping requirements and timeline
8. Testing/Inspection Requirements: If applicable, details of required testing or inspection procedures
Authors
Applicant
Banking Day
Beneficiary
Complying Presentation
Confirmation
Confirming Bank
Credit
Documents
Draft
Expiry Date
Honour
Issuing Bank
Negotiation
Nominated Bank
Presentation
Presenter
Reimbursing Bank
Shipping Documents
Sight Payment
Standby Letter of Credit
Swift Message
Trade Terms
Transport Documents
UCP 600
URDG 758
Applicable Law
Force Majeure
Governing Language
Place of Presentation
Banking Hours
Clean Collection
Documentary Collection
Maturity Date
Protest
Rate of Exchange
Transferable Credit
Assignment of Proceeds
Back-to-Back Credit
Commercial Invoice
Bill of Lading
Insurance Certificate
Certificate of Origin
Packing List
Inspection Certificate
Bank Charges
Notice of Default
Payment Undertaking
Revolving Credit
Tolerance Level
Availability and Expiry
Document Presentation
Payment Terms
Document Examination
Bank Obligations
Reimbursement
Force Majeure
Governing Law
Jurisdiction
Notices
Assignment
Transfer Rights
Bank Charges
Amendments
Confirmation
Document Requirements
Shipping Terms
Insurance Requirements
Compliance Requirements
Default Events
Anti-Money Laundering
Sanctions Compliance
Dispute Resolution
Severability
Indemnification
Confidentiality
Communications
Documentation Format
Presentation Timeline
Partial Shipments
Transhipment
Description of Goods
Price Variations
Documentary Requirements
Bank Responsibilities
Applicant Obligations
Beneficiary Rights
Payment Instructions
Discrepancy Handling
Banking and Financial Services
International Trade
Import/Export
Manufacturing
Commodities Trading
Shipping and Logistics
Insurance
Energy
Construction
Heavy Equipment
Agricultural Products
Retail
Wholesale
Mining
Technology and Electronics
Trade Finance
International Banking
Credit Operations
Legal
Compliance
Risk Management
Treasury
Financial Control
Banking Operations
Documentary Credits
Global Transaction Banking
Client Relations
Product Development
International Business
Operations Support
Trade Finance Manager
International Banking Officer
Credit Manager
Documentary Credits Specialist
Global Transaction Banking Officer
Relationship Manager
Compliance Officer
Risk Manager
Treasury Manager
Import/Export Manager
Chief Financial Officer
Financial Controller
Banking Operations Manager
Legal Counsel
Trade Finance Operations Officer
Senior Credit Analyst
Banking Products Specialist
International Business Development Manager
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