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The Documentary Letter of Credit is a fundamental instrument in international trade finance, providing security and payment assurance to parties involved in cross-border transactions. When operating under Danish jurisdiction, it combines the internationally recognized UCP 600 rules with Danish financial regulations and commercial law. This document is typically used when there's a need for a secure payment method in international trade, particularly when parties don't have established trading relationships or when required by regulatory or commercial considerations. The Letter of Credit includes detailed specifications about payment conditions, required documents, shipping terms, and compliance requirements, all structured to meet both Danish legal standards and international banking practices. It's particularly valuable in complex international transactions where multiple parties, including banks, buyers, and sellers, need clear documentation and payment security.

1. Letter Reference and Date: Unique reference number and issuance date of the Letter of Credit

2. Form of Documentary Credit: Specification that this is an irrevocable Documentary Credit and its type (e.g., confirmed, unconfirmed, transferable, etc.)

3. Applicant Details: Full name and address of the party requesting the Letter of Credit (typically the buyer)

4. Beneficiary Details: Full name and address of the party in whose favor the Letter of Credit is issued (typically the seller)

5. Issuing Bank Details: Name and address of the bank issuing the Letter of Credit

6. Currency and Amount: The currency and amount for which the Letter of Credit is issued, both in figures and words

7. Expiry Details: Expiry date and place of the Letter of Credit

8. Available With/By: Specification of where and how the credit is available (bank details and payment terms)

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

10. Loading/Dispatch/Taking in Charge: Place of taking in charge, dispatch, or loading

11. Transportation Details: Port of discharge, place of final destination

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

13. Description of Goods: Brief description of the goods and/or services covered

14. Required Documents: Detailed list of all documents required for presentation

15. Additional Conditions: Any special conditions or additional terms

16. Presentation Period: Time period within which documents must be presented after the date of shipment