Lc Non Transferable Template for Netherlands

The LC Non Transferable document serves as a crucial instrument in international trade finance, particularly when parties require strict control over payment rights. Used predominantly in cross-border transactions where the original beneficiary must remain the sole party entitled to payment, this document type combines the security of a traditional letter of credit with explicit non-transferability provisions. Operating under Dutch law, it incorporates both local financial regulations and international banking practices (UCP 600), making it particularly suitable for transactions involving Dutch entities or parties preferring Dutch jurisdiction. The document typically includes detailed specifications about the underlying trade transaction, document requirements, and presentation conditions, while explicitly stating its non-transferable nature. This format is especially valuable when buyers want to ensure they are dealing exclusively with their chosen supplier and when strict control over the payment chain is essential.

1. Issuing Bank Details: Complete identification and contact information of the issuing bank

2. Letter of Credit Number: Unique reference number for the credit

3. Date of Issue: Date when the letter of credit is issued

4. Applicant Details: Full name, address, and contact information of the party requesting the letter of credit

5. Beneficiary Details: Full name, address, and contact information of the party in whose favor the credit is issued

6. Currency and Amount: Specification of the currency and exact amount of the letter of credit

7. Non-Transferability Declaration: Clear statement that the letter of credit is non-transferable

8. Expiry Date and Place: Specific date and location where the credit expires

9. Available With/By: Specification of how and where the credit is available (payment, acceptance, negotiation)

10. Documents Required: Detailed list of all required documents for presentation

11. Shipment Terms: Details of shipment including latest shipment date and partial shipments if applicable

12. Presentation Period: Time period within which documents must be presented after shipment

13. Description of Goods/Services: Detailed description of the goods or services covered by the credit

14. Terms and Conditions: Specific conditions and requirements for the credit

15. Governing Law Declaration: Statement that the credit is governed by Dutch law and UCP 600