Loan Against Letter Of Credit Template for India

1. Currency Provisions: Required when the Letter of Credit is in a different currency from the loan facility

2. Insurance: Needed when specific insurance requirements are imposed on the underlying trade transaction

3. Additional Security Provisions: Used when additional collateral or security beyond the LC is required

4. Tax Provisions: Detailed tax clauses needed for cross-border transactions or specific tax implications

5. Assignment and Transfer: Required when either party needs the right to assign or transfer their rights

6. Force Majeure: Added when specific force majeure provisions are needed beyond standard contract frustration

7. Correspondent Bank Arrangements: Required when involving international banks or correspondent banking relationships

8. Syndication Provisions: Needed when the loan facility might be syndicated to other lenders

1. Schedule 1 - Letter of Credit Details: Complete details of the Letter of Credit including terms, conditions, and beneficiary information

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

3. Schedule 3 - Drawdown Notice Format: Template for drawdown requests under the facility

4. Schedule 4 - Conditions Precedent Documents: List of all documents required before facility activation

5. Schedule 5 - Repayment Schedule: Detailed repayment timeline and installment amounts

6. Appendix A - Compliance Certificate Format: Template for periodic compliance certifications

7. Appendix B - Security Documents: Copies or formats of additional security documentation

8. Appendix C - Know Your Customer Requirements: List of required KYC documents and verification requirements