Commercial Letter Of Credit Template for Ireland

1. Advising Bank Details: Details of the bank advising the Letter of Credit to the beneficiary, used when there's an intermediary bank

2. Confirming Bank Details: Details of the bank adding its confirmation to the Letter of Credit, used when additional bank security is required

3. Transferability Clause: Statement regarding whether the Letter of Credit is transferable, included when the beneficiary might need to transfer rights

4. Red Clause: Advance payment provisions, included when the beneficiary requires advance funding

5. Green Clause: Warehouse storage provisions, included when goods need to be stored before shipment

6. Back-to-Back Provisions: Provisions for using this Letter of Credit to support another Letter of Credit, used in intermediary trade situations

7. Revolving Terms: Terms for automatic reinstatement of the credit amount, used for ongoing trading relationships

1. Schedule A - Document Requirements: Detailed specifications for each required document, including exact format and content requirements

2. Schedule B - Goods Description: Detailed description of the goods being traded, including specifications, quantities, and unit prices

3. Schedule C - Special Conditions: Any additional terms, conditions, or requirements specific to this Letter of Credit

4. Appendix 1 - UCP 600 Disclaimers: Standard disclaimers and force majeure clauses as per UCP 600

5. Appendix 2 - Bank Forms: Standard forms required for document presentation and payment processing