Issuing Bank In Lc Template for South Africa

1. Transferability Clause: Required only if the LC is transferable, specifying terms and conditions of transfer

2. Revolving Credit Terms: Include only for revolving LCs, specifying reinstatement terms and conditions

3. Red Clause Provisions: Include only in red clause LCs, specifying advance payment terms

4. Back-to-Back Provisions: Required only for back-to-back LC arrangements

5. Standby Specific Terms: Include only for standby LCs, specifying trigger events for drawing

6. Deferred Payment Terms: Include only when payment is to be made at a future date after document presentation

7. Green Clause Provisions: Include only in green clause LCs, specifying warehouse storage conditions

8. Document Variance Provisions: Optional section detailing acceptable variations in documents

1. Schedule A - Document Requirements: Detailed specifications for each required document

2. Schedule B - Goods Specification: Detailed description of goods/services, including technical specifications if applicable

3. Schedule C - Special Payment Terms: Detailed payment structures, particularly for complex payment arrangements

4. Schedule D - Bank's Standard LC Terms: Standard terms and conditions of the issuing bank

5. Appendix 1 - UCP 600 References: Relevant articles of UCP 600 applicable to this LC

6. Appendix 2 - SWIFT Format: SWIFT MT700 series message format for the LC

7. Appendix 3 - Compliance Checklist: Checklist ensuring compliance with South African banking regulations