Letter Of Credit Agreement Template for India

1. Confirming Bank Provisions: Required when a confirming bank is involved in the LC transaction

2. Revolving Credit Provisions: Included for revolving Letters of Credit arrangements

3. Special Conditions for Deferred Payment: Required for usance or deferred payment LCs

4. Back-to-Back LC Arrangements: Included when back-to-back LC arrangements are contemplated

5. Syndication Provisions: Required when multiple banks are participating in the LC facility

6. Foreign Currency Provisions: Required when LCs can be issued in multiple currencies

7. Insurance Requirements: Detailed insurance requirements for specific types of trade transactions

1. Schedule 1 - Application Form: Standard form for LC application

2. Schedule 2 - Fee Schedule: Detailed breakdown of all applicable fees and charges

3. Schedule 3 - Security Documents: List and copies of required security documents

4. Schedule 4 - Authorized Signatories: List of persons authorized to submit LC applications

5. Appendix A - Required Documents: Standard list of documents required for different types of LCs

6. Appendix B - Specimen Signatures: Specimen signatures of authorized signatories

7. Appendix C - UCP 600 Incorporation: Specific UCP 600 articles incorporated by reference