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The Confirmed And Unconfirmed Letter of Credit is a crucial document in Saudi Arabian international trade transactions, providing payment security and risk mitigation for cross-border commercial dealings. This instrument is particularly important in the Saudi Arabian context where compliance with both Islamic banking principles and international trading standards is essential. The document serves as a bank's irrevocable commitment to pay, with confirmed versions offering additional security through a second bank's guarantee. It contains detailed specifications about the transaction, required documents, payment terms, and conditions that must be met for payment release. The document is governed by Saudi Arabian law, including SAMA regulations and Sharia principles, while also adhering to international standards like UCP 600. It's commonly used when parties seek secure payment methods in international trade, especially in high-value transactions or when dealing with new trading partners.

1. Letter of Credit Number and Type: Unique identification number and specification of whether confirmed or unconfirmed

2. Issuing Bank Details: Complete name and address of the issuing bank

3. Applicant Details: Full name, address, and contact information of the party requesting the L/C

4. Beneficiary Details: Full name, address, and contact information of the party in whose favor the L/C is issued

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

6. Date and Place of Expiry: Expiration date and location where documents must be presented

7. Currency and Amount: Currency denomination and maximum amount available under the L/C

8. Available With/By: Specification of how the credit is available (by sight, deferred payment, acceptance, or negotiation)

9. Partial Shipments/Transhipment: Whether partial shipments or transhipment are allowed or prohibited

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

11. Shipment Terms: Latest shipment date and shipping details including port of loading and discharge

12. Description of Goods/Services: Detailed description of the goods or services covered by the L/C

13. Special Conditions: Any additional terms, conditions, or requirements specific to this L/C