The Beneficiary In Letter Of Credit document is essential in international trade finance transactions governed by Hong Kong law. It is used when a seller or exporter (beneficiary) needs to present documents to claim payment under a letter of credit issued by a bank. The document is particularly important in Hong Kong, a major global financial center, where letters of credit are commonly used in international trade. It must comply with both the Uniform Customs and Practice for Documentary Credits (UCP 600) and Hong Kong banking regulations. The document typically includes detailed information about the letter of credit, the underlying commercial transaction, required documentation, and payment instructions. It serves as a crucial link between the commercial and banking aspects of the transaction, protecting the interests of all parties involved while ensuring compliance with relevant laws and regulations.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Letter Details & Heading: Date, reference numbers, and formal letterhead/heading
2. LC Details: Letter of Credit number, issuing bank details, and amount
3. Underlying Transaction: Brief description of the commercial transaction and goods/services covered
4. Beneficiary Declaration: Formal declaration of being the legitimate beneficiary under the LC
5. Documents Presentation: List of documents being presented under the LC
6. Payment Instructions: Bank account details and specific payment instructions
7. Certification: Statement certifying compliance with LC terms and conditions
8. Signature Block: Authorized signature, name, title, and company stamp area
1. Discrepancy Notice: Section acknowledging any known discrepancies in documents, used when there are minor documentary discrepancies
2. Assignment Declaration: Statement regarding any assignment of proceeds, used when LC proceeds are being assigned
3. Documentary Requirements Checklist: Detailed checklist of required documents, used for complex LCs with multiple document requirements
4. Swift Copy Reference: Reference to SWIFT message details, used when LC was issued via SWIFT
5. Amendment References: List of any LC amendments, used when the original LC has been amended
1. Document Checklist: Detailed list of all documents being presented with specific reference to LC requirements
2. Commercial Invoice: Copy or details of the commercial invoice being presented
3. Transport Documents: Copies of relevant transport documents (B/L, AWB, etc.)
4. Bank Details: Complete banking information for payment processing
5. LC Terms Summary: Summary of key LC terms and conditions
Authors
Relevant legal definitions
Clauses
Relevant Industries
International Trade
Banking & Financial Services
Manufacturing
Import/Export
Commodities Trading
Retail
Wholesale
Shipping & Logistics
Agriculture
Energy
Relevant Teams
Trade Finance
Export Operations
Treasury
Legal
Compliance
Banking Operations
International Trade Operations
Documentary Credits
Finance
Risk Management
Relevant Roles
Trade Finance Manager
Export Manager
Documentary Credit Specialist
International Trade Operations Manager
Treasury Manager
Financial Controller
Compliance Officer
Trade Finance Officer
Banking Operations Manager
Export Documentation Specialist
Credit Manager
Trade Finance Legal Counsel
Find the exact document you need
Beneficiary In Letter Of Credit
A Hong Kong law-governed document used by beneficiaries to claim payment under a letter of credit in international trade transactions.
find out more
Estate Family Settlement Agreement
A Hong Kong-governed agreement that formalizes family arrangements regarding estate distribution and inheritance rights.
find out more
Estate Letter Of Instruction
A Hong Kong-compliant supplementary document to a will that provides detailed practical instructions for estate administration and personal wishes to executors and family members.
find out more
Legal Letter Of Demand
A formal written demand under Hong Kong law requiring payment of a debt or specific performance, serving as the final notice before legal action.
find out more
ұԾ’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; ұԾ’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
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)