Lc Letter Of Credit Template for South Africa

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 permitted

3. Revolving Terms: Include for revolving LCs that automatically renew

4. Back-to-Back Provisions: Include when the LC supports a back-to-back LC arrangement

5. Confirmation Instructions: Include when confirmation by another bank is required

6. Green Clause: Include when warehouse storage of goods is involved with advance payment

7. Standby Provisions: Include when the LC serves as a standby guarantee

1. Document Requirements Schedule: Detailed specifications for each required document including format and content requirements

2. Goods Description Schedule: Detailed description of the goods or services covered by the LC

3. Special Conditions Appendix: Any special conditions or requirements specific to the transaction

4. Banking Instructions Appendix: Detailed instructions for document handling and payment processing

5. UCP 600 Exceptions Schedule: List of any exceptions to UCP 600 rules applicable to this LC

6. Price Schedule: Detailed breakdown of prices if multiple goods or services are involved