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A Release Letter of Credit is an essential document in international trade finance, particularly within the Saudi Arabian banking system. It is used when parties need to formally release or cancel obligations under an existing Letter of Credit, whether due to completion of the transaction, changes in trade terms, or other valid business reasons. The document must strictly comply with Saudi Arabian banking regulations, SAMA guidelines, and Sharia law principles, while also adhering to international banking practices. The Release Letter of Credit typically includes detailed information about the original LC, clear release instructions, and proper authorizations from relevant parties. It serves as a critical tool for managing trade finance obligations and maintaining accurate records for regulatory compliance. This document is particularly important in Saudi Arabia's trade-focused economy, where it helps facilitate secure international business transactions while ensuring compliance with local legal and religious requirements.

1. Bank Details: Full name and address of the issuing bank

2. Letter of Credit Reference: Specific LC number, date of issuance, and original amount

3. Applicant Information: Complete details of the LC applicant including name, address, and account information

4. Beneficiary Information: Full details of the LC beneficiary including name, address, and bank account details

5. Release Instructions: Clear and specific instructions regarding the release of the LC, including amount to be released

6. Authorization Statement: Formal statement authorizing the release and confirming the instruction's legitimacy

7. Compliance Declaration: Statement confirming compliance with Sharia law and Saudi banking regulations

8. Signature Block: Area for authorized signatures, names, titles, and date