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The Irrevocable Unconfirmed Letter of Credit is a crucial trade finance instrument used in international commerce when parties seek a secure payment method with bank assurance. This document type is particularly relevant when a Danish bank issues a payment guarantee that cannot be cancelled or amended without agreement from all parties involved. The unconfirmed nature means that only the issuing bank provides the payment guarantee, without additional confirmation from another bank. It includes detailed specifications of the required documents, payment terms, and conditions that must be met for payment release. The document is structured according to Danish legal requirements, incorporates UCP 600 guidelines, and is commonly used in import/export transactions where the beneficiary is comfortable with the creditworthiness of the Danish issuing bank without requiring additional bank confirmation.

1. Issuing Bank Details: Full name, address, and contact details of the issuing bank

2. Credit Number: Unique identification number of the Letter of Credit

3. Date of Issue: Date when the Letter of Credit is issued

4. Beneficiary Details: Complete name and address of the party in whose favor the credit is issued

5. Applicant Details: Complete name and address of the party requesting the credit

6. Credit Amount: Currency and amount of the credit, including any tolerance if applicable

7. Credit Type and Availability: Specification that this is an irrevocable unconfirmed credit and how/where it is available

8. Expiry Details: Expiry date and place for presentation of documents

9. Payment Terms: Timing and method of payment (sight, deferred payment, acceptance, or negotiation)

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

11. Shipment Terms: Details of shipment, latest shipment date, and partial shipments/transhipment permissions

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

13. Governing Law Statement: Clear statement that Danish law governs the credit

14. UCP 600 Declaration: Statement that the credit is subject to UCP 600