Standby Letter Of Credit Template for South Africa

1. Transferability Clause: Used when the SLOC needs to be transferable to another beneficiary

2. Partial Drawings: Include when multiple or partial drawings are permitted under the SLOC

3. Automatic Extension Clause: Used when the SLOC should automatically extend for additional periods

4. Assignment of Proceeds: Include when proceeds can be assigned to third parties

5. Multiple Beneficiary Provisions: Required when there are multiple beneficiaries

6. Special Conditions: Any unique requirements or conditions specific to the transaction

7. Force Majeure Provisions: Additional provisions dealing with extraordinary circumstances

1. Schedule A - Drawing Certificate Format: Prescribed format for beneficiary's demand for payment

2. Schedule B - Form of Transfer Request: Standard format for requesting transfer of the SLOC (if transferable)

3. Schedule C - Supporting Documentation Requirements: Detailed list and formats of required supporting documents

4. Appendix 1 - Authorized Signatories: List of persons authorized to sign documents related to the SLOC

5. Appendix 2 - Fee Schedule: Details of all applicable fees and charges

6. Appendix 3 - Communication Procedures: Specific procedures for communications between parties