1.Parties' Details:
Importer (Applicant): Full name and address,
Beneficiary (Exporter): Full name and address,
Advising Bank: The name of the bank that will be used in the beneficiary's country.
2.Credit Details:
Letter of Credit Number: The unique reference number for the credit,
Type of Credit: Such as revocable, irrevocable, confirmed, etc.
Credit Amount and Value: The total value of the credit in the agreed-upon currency.
3.Procedures and Dates:
Method of Credit Notification: How the beneficiary will be notified of the credit (e.g., SWIFT),
Credit Validity: The final date on which the credit remains valid for submitting documents,
Shipping Validity: The final date by which the goods are allowed to be shipped.
4.Required Documents:
Invoices: The commercial invoice detailing the goods' specifications and quantities,
Shipping Documents:
o Bill of Lading (if shipping by sea).
o Air Waybill (if shipping by air).
o Insurance Policy (if the goods are insured).
o Other Documents: Any additional necessary documents (e.g., certificates of origin, inspection certificates, packing lists).
5.Logistics and Financial Terms:
Delivery Terms (Incoterms): Such as FOB, CIF, EXW, to define the responsibilities of the buyer and seller,
Payment Method: How payment will be made (e.g., at sight, by acceptance, deferred payment),
Port of Loading: The port from which the goods will depart,
Port of Destination: The final port of arrival for the goods.
6.Fees and Additional Conditions:
Other Expenses: Any additional fees or expenses that need to be covered,
Other Conditions: Any additional specific terms or instructions necessary for the credit.
