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Lc 90 Days Payment Terms
"I need an LC 90 Days Payment Terms document for a textile import transaction from Mumbai to Chicago, value USD 500,000, with partial shipment allowed and requiring marine insurance coverage."
1. LC Number and Date: Unique identification number of the LC and date of issuance
2. Issuing Bank Details: Complete name, address, and SWIFT code of the bank issuing the LC
3. Applicant Details: Full name, address, and contact information of the buyer/importer
4. Beneficiary Details: Full name, address, and contact information of the seller/exporter
5. LC Amount and Currency: The monetary value and currency of the LC
6. Expiry Date and Place: The date and location where the LC expires
7. Payment Terms: Specification of 90 days payment terms and related conditions
8. Documents Required: List of documents required for LC negotiation
9. Shipment Terms: Details of shipment including latest shipment date and partial shipment conditions
10. Description of Goods: Detailed description of goods being traded
1. Advising Bank Details: Details of the intermediary bank, required when LC is advised through another bank
2. Transferability Clause: Include when LC needs to be transferable to another beneficiary
3. Insurance Requirements: Specific insurance requirements, needed when insurance is part of required documents
4. Special Conditions: Any additional terms or conditions specific to the transaction
5. Reimbursement Instructions: Required when involving a reimbursing bank different from the issuing bank
1. Document Checklist: Detailed checklist of all required documents with specific requirements for each
2. Commercial Invoice Format: Prescribed format for the commercial invoice if specific format is required
3. Banking Charges Schedule: Breakdown of all applicable banking charges and party responsible for payment
4. Goods Specification Appendix: Detailed technical specifications of goods when required
5. Shipping Schedule: Detailed shipment timeline and requirements if applicable
Authors
Applicant
Banking Day
Beneficiary
Bill of Exchange
Bill of Lading
Certificate of Origin
Clean Documents
Commercial Invoice
Complying Presentation
Confirmation
Confirming Bank
Credit
Discrepancy
Documentary Credit
Documents Required
Draft
Expiry Date
FEMA
Force Majeure
Honour
ICC
Issuing Bank
Letter of Credit
Maturity Date
Negotiating Bank
Negotiation
Partial Shipment
Payment Terms
Presentation
Reimbursing Bank
Shipping Documents
SWIFT
Tenor
Trade Terms
Transhipment
UCP 600
Usance Period
Validity Period
Document Requirements
Expiry and Validity
Bank Obligations
Presentation Requirements
Compliance Standards
Force Majeure
Governing Law
Dispute Resolution
Amendment Procedures
Bank Charges
Shipping Terms
Documentation Standards
Discrepancy Handling
Transfer Rights
Confirmation Terms
Insurance Requirements
Reimbursement Terms
Default Provisions
Applicable Banking Practices
Currency Provisions
Communication Methods
Assignment Rights
Severability
Notices
Banking and Financial Services
International Trade
Manufacturing
Import/Export
Retail
Wholesale
Agriculture
Textiles
Automotive
Electronics
Commodities Trading
Shipping and Logistics
Finance
International Trade
Treasury
Banking Operations
Compliance
Legal
Supply Chain
Procurement
Credit Control
Risk Management
Documentary Credits
Trade Operations
Trade Finance Manager
Import Manager
Export Manager
Banking Operations Manager
Letter of Credit Specialist
International Trade Specialist
Finance Director
Treasury Manager
Compliance Officer
Credit Controller
Banking Relationship Manager
Supply Chain Manager
Chief Financial Officer
Documentary Credits Specialist
Trade Operations Officer
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