Create a bespoke document in minutes, Â or upload and review your own.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Structured Letter Of Credit
1. Letter Header: Issuing bank's letterhead, date, reference number, and type of credit
2. Beneficiary Details: Full name and address of the party to whom the letter of credit is issued
3. Applicant Details: Full name and address of the party requesting the letter of credit
4. Credit Number: Unique identification number of the letter of credit
5. Currency and Amount: Specification of the currency and exact amount of the credit
6. Expiry Details: Date and place of expiry of the letter of credit
7. Available With/By: Specification of where and how the credit is available (payment, acceptance, negotiation)
8. Required Documents: Detailed list of all required documents for presentation
9. Shipment Terms: Details of shipment including latest shipment date and partial shipments/transhipment conditions
10. Description of Goods/Services: Precise description of the goods or services covered by the credit
11. Special Conditions: Any additional terms, conditions, or instructions specific to this credit
12. Authorization: Authorized signatures and authentication from the issuing bank
1. Transferability Clause: Include when the credit needs to be transferable to another beneficiary
2. Revolving Terms: Include for revolving letters of credit, specifying reinstatement conditions
3. Red Clause: Include when advance payment to the beneficiary is permitted
4. Back-to-Back Provisions: Include when the credit is part of a back-to-back arrangement
5. Green Clause: Include when storage of goods is involved with partial advance payment
6. Confirmation Instructions: Include when confirmation by another bank is requested/prohibited
7. Reimbursement Instructions: Include when specific reimbursement arrangements between banks are required
1. Schedule A - Document Requirements: Detailed checklist of required documents and their specific requirements
2. Schedule B - Goods Specification: Detailed technical specifications of goods when complex products are involved
3. Schedule C - Payment Schedule: For installment LCs or credits with multiple drawing conditions
4. Appendix 1 - UCP 600 Incorporation: Specific UCP 600 articles applicable to this credit
5. Appendix 2 - Bank Forms: Standard forms required for document presentation
6. Appendix 3 - Special Instructions: Any additional instructions for document handling or presentation
Authors
Find the exact document you need
Download our whitepaper on the future of AI in Legal
³Ò±ð²Ô¾±±ð’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.