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Letter Of Credit 60 Days
"I need a Letter of Credit 60 Days for an import of industrial machinery from Japan to New Zealand, with a value of NZD 500,000, requiring partial shipments between March and June 2025, with specific documentation requirements for technical specifications."
1. Issuing Bank Details: Complete details of the bank issuing the Letter of Credit, including name, branch, SWIFT code, and contact information
2. LC Number and Date: Unique LC reference number and date of issuance
3. Type of Credit: Specification that this is a 60-day Letter of Credit and whether it's irrevocable (standard under UCP 600)
4. Applicant Details: Full legal name and address of the party requesting the Letter of Credit (typically the buyer)
5. Beneficiary Details: Full legal name and address of the party receiving the Letter of Credit (typically the seller)
6. Currency and Amount: The currency and maximum amount for which the Letter of Credit is valid
7. Expiry Date: The date and place of expiry for the Letter of Credit
8. Payment Terms: Specific details of the 60-day payment terms, including when the period begins
9. Required Documents: List of all documents required for presentation to trigger payment
10. Shipment Terms: Details of shipment including latest shipment date, partial shipments, and transshipment conditions
11. Goods Description: Brief but clear description of the goods or services covered by the LC
12. Governing Law: Specification that New Zealand law governs the LC and reference to UCP 600
1. Transferability Clause: Include when the LC needs to be transferable to another beneficiary
2. Red Clause: Include when advance payment to the beneficiary is required
3. Green Clause: Include when warehouse storage-related advances are needed
4. Revolving Credit Clause: Include when the LC needs to be automatically renewed for multiple shipments
5. Tolerance Clause: Include when variation in quantity or amount is acceptable
6. Insurance Instructions: Include when specific insurance requirements need to be detailed
7. Special Conditions: Include when additional terms or conditions specific to the transaction are required
1. Schedule A - Commercial Invoice Requirements: Detailed specifications for the format and content of commercial invoices
2. Schedule B - Transport Document Requirements: Specific requirements for bills of lading or other transport documents
3. Schedule C - Product Specifications: Detailed description of goods, including technical specifications if applicable
4. Appendix 1 - Required Document Formats: Sample formats for required documents
5. Appendix 2 - Bank's Standard Terms: Standard terms and conditions of the issuing bank
6. Appendix 3 - UCP 600 Reference: Relevant articles of UCP 600 applicable to this LC
Authors
Applicant
Banking Day
Beneficiary
Bill of Exchange
Business Day
Commercial Invoice
Complying Presentation
Confirmation
Confirming Bank
Credit
Documents
Draft
Expiry Date
Goods
Issuing Bank
Latest Shipment Date
Letter of Credit
Maturity Date
Negotiating Bank
Negotiation
Payment Terms
Place of Expiry
Presentation
Reimbursing Bank
Shipment
Sight Payment
SWIFT
Time Draft
Transport Documents
UCP 600
Unconfirmed Credit
Unit Price
Usance Period
Working Day
Payment Terms
Document Requirements
Expiry and Presentation
Bank Obligations
Compliance Standards
Force Majeure
Amendments
Assignment
Governing Law
Dispute Resolution
Notices
Bank Charges
Document Examination
Disclaimers
Transferability
Partial Shipments
Document Inconsistency
Reimbursement
Default
Anti-Money Laundering
Sanctions Compliance
UCP 600 Application
Severability
Time Calculations
Currency Provisions
Discrepancy Waiver
Documentation Standards
Bank Liability
Confidentiality
Manufacturing
International Trade
Import/Export
Wholesale
Retail
Agriculture
Mining
Construction
Technology
Textiles
Automotive
Chemical Industry
Heavy Industry
Food and Beverage
Pharmaceuticals
Finance
Treasury
International Trade
Procurement
Supply Chain
Legal
Risk Management
Commercial Banking
Trade Operations
Credit Control
Document Processing
Account Management
Trade Finance Manager
International Business Manager
Import/Export Coordinator
Financial Controller
Treasury Manager
Banking Relationship Manager
Procurement Manager
Supply Chain Manager
Chief Financial Officer
Credit Manager
Documentary Credits Specialist
Trade Operations Manager
Commercial Banking Officer
Finance Director
International Sales Manager
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