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The Trade Finance Letter of Credit is a crucial document in international trade transactions, particularly under Dutch law where it combines local legal requirements with internationally recognized banking practices. It serves as a secure payment mechanism where an issuing bank commits to pay the seller (beneficiary) upon presentation of specified documents that comply with the LC terms. This instrument is essential when parties seek to mitigate risks in cross-border transactions, especially where there might be concerns about payment security or where regulatory requirements demand formal banking channels. The document incorporates both UCP 600 rules and Dutch legal requirements, making it particularly relevant for transactions involving Dutch entities, Netherlands-based banks, or parties choosing Dutch law as their governing law.

1. Letter of Credit Number: Unique reference number assigned by the issuing bank

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

3. Applicant Details: Full name, address, and contact information of the buyer/importer

4. Beneficiary Details: Full name, address, and contact information of the seller/exporter

5. Issuing Bank Details: Name, address, and SWIFT code of the bank issuing the LC

6. Currency and Amount: Specified currency and maximum amount of the credit

7. Type of Credit: Specification of whether the credit is irrevocable (and if confirmed)

8. Available With/By: Terms of availability and method of payment

9. Expiry Date and Place: Final date and location for presentation of documents

10. Shipment Terms: Latest shipment date, partial shipments, transshipment permissions

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

12. Payment Terms: Specific conditions and timing of payment

13. Special Conditions: Any additional terms or conditions specific to this LC