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The Clean Letter of Credit serves as a fundamental trade finance instrument in international commerce, particularly relevant in Hong Kong's dynamic trading environment. It represents a bank's irrevocable commitment to pay against presentation of a simplified set of shipping documents, making it especially suitable for established trading relationships where parties seek to streamline documentary requirements while maintaining payment security. This document type, governed by Hong Kong law and UCP 600, requires fewer documents compared to standard documentary credits, typically only basic shipping documents and commercial invoices. Clean Letters of Credit are particularly valuable in recurring trade relationships where trust has been established but parties still require bank-mediated payment security.

1. Bank letterhead and Reference Number: Issuing bank's official letterhead and unique LC reference number

2. Date and Place of Issue: Date when the LC is issued and the location of issuance

3. LC Type Declaration: Clear statement that this is an irrevocable Letter of Credit

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

5. Applicant Details: Full name and address of the party requesting the LC

6. Currency and Amount: LC amount in figures and words, including currency specification

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

8. Available With/By: Specification of where and how the LC is available (payment, acceptance, or negotiation)

9. Required Documents: List of documents required for presentation

10. Shipment Terms: Latest shipment date and any partial shipment/transhipment conditions

11. LC Rules Declaration: Statement that LC is subject to UCP 600

12. Bank Authorization: Authorized signatures and authentication