Terms And Conditions Of Letter Of Credit Template for Pakistan

1. Transferability: Terms for LC transfer rights - included when the LC is transferable

2. Back-to-Back LC Provisions: Included when back-to-back LC arrangements are permitted

3. Revolving Credit Terms: Specific terms for revolving LCs - included when LC is revolving

4. Red Clause Provisions: Advanced payment terms - included for red clause LCs

5. Confirmation Terms: Terms regarding confirmation by another bank - included when LC requires confirmation

6. Islamic Banking Compliance: Additional terms for Shariah compliance - included for Islamic banking institutions

7. Standby LC Provisions: Specific terms for standby LCs - included when LC is standby

8. Sanctions Compliance: Additional compliance terms for transactions involving sensitive jurisdictions

1. Schedule A - Fee Structure: Detailed breakdown of all fees, charges, and commission rates

2. Schedule B - Required Documents Format: Specific formats and requirements for each required document

3. Schedule C - Amendment Procedures: Detailed procedures and forms for LC amendments

4. Schedule D - Standard Operating Procedures: Step-by-step procedures for LC processing and settlement

5. Appendix 1 - Document Checking Checklist: Comprehensive checklist for document verification

6. Appendix 2 - Sample Forms: Templates for common forms used in LC operations

7. Appendix 3 - Contact Details: List of relevant contact persons and departments

8. Appendix 4 - Applicable UCP Articles: Reference to specific UCP 600 articles applicable to the LC