The Advised Letter of Credit serves as a crucial document in international trade finance, particularly within Hong Kong's sophisticated banking system. It is used when a bank (the advising bank) receives a letter of credit from an issuing bank and verifies its authenticity before notifying the beneficiary. The document provides essential details including the credit amount, expiry date, required documents, and shipping terms, while operating under Hong Kong's legal framework and international banking practices. The Advised Letter of Credit is particularly important for businesses engaged in cross-border trade, offering security and assurance to exporters while facilitating smooth international commerce.
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1. Letter Head: Advising bank's letterhead, including bank's name, address, and contact details
2. Reference Information: LC number, date, and any other reference numbers
3. Recipient Details: Beneficiary's name and address
4. LC Advice Introduction: Statement confirming the receipt and authenticity of the LC from the issuing bank
5. Issuing Bank Details: Name and address of the issuing bank
6. LC Key Terms: Amount, currency, expiry date, and place of expiry
7. Applicant Details: Name and address of the LC applicant
8. Beneficiary Details: Complete details of the beneficiary
9. Available With/By: Terms of availability and method of payment
10. Document Requirements: List of required documents and their specifications
11. Goods/Services Description: Description of the underlying transaction
12. Special Conditions: Any additional terms, conditions, or instructions
13. Bank Disclaimer: Standard advised LC disclaimer and limitation of liability
14. Authentication: Authorized signatures and authentication details
1. Transfer Terms: Include when the LC is transferable, specifying transfer conditions
2. Confirmation Statement: Include when the LC is confirmed by the advising bank
3. Reimbursement Instructions: Include when specific reimbursement arrangements are required
4. Draft Requirements: Include when bills of exchange are required
5. Shipping Instructions: Include when specific shipping arrangements or requirements exist
6. Pre-advice Reference: Include when referring to any pre-advice of the LC
7. Amendment Details: Include when advising amendments to an existing LC
1. Document Checklist: Detailed checklist of required documents with specific format requirements
2. Fee Schedule: Details of applicable banking charges and fees
3. Authentication Instructions: Specific instructions for document authentication and verification
4. Bank Contact Details: List of relevant department contacts for queries and submissions
5. SWIFT Message Copy: Copy of the original SWIFT message from the issuing bank
Relevant legal definitions
Clauses
Relevant Industries
Banking and Financial Services
International Trade
Import/Export
Manufacturing
Wholesale and Distribution
Commodities Trading
Shipping and Logistics
Agriculture and Food
Textiles and Garments
Electronics and Technology
Raw Materials and Mining
Energy and Utilities
Relevant Teams
Trade Finance
International Banking
Corporate Banking
Treasury
Legal and Compliance
Risk Management
Operations
Documentary Credits
Global Transaction Services
Export Finance
Trade Operations
Relevant Roles
Trade Finance Manager
Letter of Credit Specialist
International Banking Officer
Export Finance Manager
Trade Operations Manager
Documentary Credits Officer
Chief Financial Officer
Treasury Manager
International Trade Specialist
Banking Relationship Manager
Compliance Officer
Trade Finance Director
Export Manager
Import Manager
Finance Controller
Banking Operations Manager
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