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The Confirmed Irrevocable Letter of Credit is a crucial financial instrument in international trade, providing maximum security for cross-border transactions. This document type is particularly relevant when dealing with German-based entities or when parties choose German law as the governing law. It combines the stringent requirements of German banking regulations with international standards set by the UCP 600. The confirmation by a second bank (typically in the beneficiary's country) adds an additional layer of payment security, making it especially valuable in high-value transactions or when dealing with unfamiliar markets. The document includes detailed specifications for payment conditions, required documentation, and compliance requirements, while incorporating specific German legal frameworks such as the German Commercial Code (HGB) and Banking Act (KWG).

1. Letter of Credit Number and Date: Unique identification number and issuance date of the Letter of Credit

2. Issuing Bank Details: Complete name, address, and SWIFT code of the issuing bank

3. Confirming Bank Details: Complete name, address, and SWIFT code of the confirming bank

4. Applicant Details: Full name, address, and contact information of the party requesting the Letter of Credit

5. Beneficiary Details: Full name, address, and contact information of the party in whose favor the Letter of Credit is issued

6. Currency and Amount: Specified currency and maximum amount available under the Letter of Credit

7. Expiry Date and Place: Clear statement of expiration date and location where documents must be presented

8. Available With/By: Specification of how the credit is available (by sight, deferred payment, acceptance, or negotiation)

9. Partial Shipments/Transhipment: Whether partial shipments and/or transhipment are allowed or prohibited

10. Loading/Dispatch From: Port of loading or place of dispatch

11. Port of Discharge/Final Destination: Port of discharge or place of final destination

12. Latest Date of Shipment: Final date by which shipment must be made

13. Description of Goods and Services: Detailed description of the underlying goods or services

14. Required Documents: Comprehensive list of documents required for presentation

15. Additional Conditions: Any additional terms and conditions specific to this Letter of Credit

16. Bank Charges: Specification of which party bears which bank charges

17. Presentation Period: Time period within which documents must be presented after shipment date

18. Confirmation Instructions: Explicit statement that this is an irrevocable confirmed Letter of Credit