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The Non Transferable SBLC is a crucial financial instrument used in various commercial transactions where a secure, bank-backed guarantee is required but must remain strictly between the original parties. This document is particularly relevant in Canadian business contexts where the beneficiary must be the original party named in the instrument, providing enhanced security and control. It contains specific terms regarding the amount, expiry date, drawing conditions, and explicit non-transferability provisions. The document is structured to comply with Canadian banking regulations and provincial laws while incorporating international banking practices. Typically used in significant commercial transactions, construction projects, or performance guarantees, this instrument provides a robust form of financial security while maintaining strict control over who can draw under the credit.

1. Issuing Bank Details: Complete identification of the issuing bank including registration number, address, and authorized signatories

2. Reference Number: Unique SBLC identification number

3. Date of Issuance: Effective date of the SBLC

4. Beneficiary Details: Complete identification of the beneficiary including address and contact information

5. Applicant Details: Complete identification of the applicant (party requesting the SBLC) including address

6. Amount and Currency: Specification of the maximum drawable amount and currency

7. Expiry Date: Clear statement of when the SBLC expires

8. Non-Transferability Clause: Explicit statement that the SBLC cannot be transferred or assigned

9. Drawing Terms and Conditions: Specific conditions that must be met for the beneficiary to draw under the SBLC

10. Required Documents: List of documents that must be presented for drawing

11. Presentation Location: Where and how documents must be presented

12. Governing Law: Specification of Canadian law as governing law

13. Bank Undertaking: The bank's commitment to honor complying presentations