SBLC For Buyers Credit Template for Malaysia

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

2. Partial Drawings: Include when multiple partial drawings are to be permitted

3. Reduction Schedule: Include when the SBLC amount reduces over time according to a predetermined schedule

4. Assignment of Proceeds: Include when rights to proceeds can be assigned to third parties

5. Auto-Extension Clause: Include when the SBLC should automatically extend unless notice is given

6. Counter-Guarantee Reference: Include when the SBLC is issued under a counter-guarantee structure

1. Schedule A - Form of Demand: Template for the beneficiary to make a complying demand under the SBLC

2. Schedule B - Required Documents: Detailed list of documents required for presentation with any demand

3. Schedule C - Underlying Transaction Details: Summary of the key terms of the underlying buyer's credit agreement

4. Schedule D - Fee Schedule: Details of all applicable fees, charges, and commission rates

5. Appendix 1 - Authorized Signatories: List of persons authorized to sign demands and their specimen signatures

6. Appendix 2 - Communication Methods: Approved methods and contact details for communications regarding the SBLC