Green Letter Of Credit Template for Hong Kong

1. Transferability Clause: Include when the LC needs to be transferable to another beneficiary

2. Green Certification Requirements: Detailed section on specific green certifications required when dealing with certified sustainable products

3. Carbon Offset Provisions: Include when the transaction involves carbon credits or offset requirements

4. Sustainable Supply Chain Requirements: Add when there are specific requirements for sustainable supply chain verification

5. Third-Party Verification Process: Include when independent verification of green criteria is required

6. Force Majeure for Environmental Factors: Special provisions for environmental-related force majeure events

1. Schedule A - Green Criteria Checklist: Detailed checklist of environmental criteria and standards that must be met

2. Schedule B - Required Environmental Certificates: List and format of required environmental certificates and verifications

3. Schedule C - Document Presentation Requirements: Detailed requirements for document presentation including both traditional LC and green documentation

4. Appendix 1 - Approved Certifying Bodies: List of approved bodies for environmental certification and verification

5. Appendix 2 - Environmental Standards Reference: Reference to specific environmental standards and criteria being applied

6. Appendix 3 - Carbon Footprint Calculation Methodology: Methodology for calculating and verifying carbon footprint if applicable