The Bankers Acceptance And Letter Of Credit document is a crucial trade finance instrument used in Pakistan's banking sector, governed by Pakistani law and regulated by the State Bank of Pakistan. This document is essential when businesses require secure payment mechanisms for domestic and international trade transactions. It combines the security of a bank-guaranteed payment with the flexibility of trade finance, making it particularly valuable for import-export transactions. The document incorporates requirements from multiple sources including the Banking Companies Ordinance 1962, Foreign Exchange Regulation Act 1947, and international banking practices (UCP 600). It's typically used when parties need a reliable payment mechanism with bank assurance, whether for domestic trade within Pakistan or international transactions, and includes detailed terms for document presentation, payment conditions, and bank obligations.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of all parties including the issuing bank, applicant (buyer), and beneficiary (seller)
2. Background: Context of the transaction, including the underlying commercial transaction and relationship between parties
3. Definitions: Key terms used throughout the document, including banking, trade, and technical terms
4. Facility Details: Specific details of the Letter of Credit or Banker's Acceptance, including amount, currency, and expiry date
5. Terms and Conditions: Core terms including payment terms, presentation requirements, and compliance conditions
6. Document Requirements: Detailed list of required documents for presentation and their specifications
7. Payment Terms: Specific conditions and timing of payment, including acceptance and negotiation terms
8. Bank's Rights and Obligations: Detailed outline of the issuing bank's responsibilities and rights
9. Applicant's Undertakings: Commitments and obligations of the applicant, including reimbursement obligations
10. Communications: Methods and requirements for notices and communications between parties
11. Governing Law and Jurisdiction: Specification of Pakistani law as governing law and jurisdiction details
1. Transferability Provisions: Include when the Letter of Credit needs to be transferable to a second beneficiary
2. Revolving Terms: Include for revolving Letters of Credit that automatically renew
3. Back-to-Back Provisions: Include when the Letter of Credit is part of a back-to-back arrangement
4. Red Clause Provisions: Include when advance payment features are required
5. Force Majeure: Include detailed force majeure provisions for high-risk jurisdictions or specific client requirements
6. Sanctions Compliance: Include specific sanctions compliance provisions for international transactions
7. Islamic Banking Compliance: Include when the instrument needs to comply with Islamic banking principles
1. Schedule 1 - Form of Letter of Credit: Standard format and template for the Letter of Credit
2. Schedule 2 - Required Documents: Detailed list and specifications of required shipping and commercial documents
3. Schedule 3 - Fee Schedule: Breakdown of all applicable fees, charges, and commission rates
4. Schedule 4 - Specimen Signatures: Authorized signatures for all relevant parties
5. Appendix A - Standard Banking Forms: Collection of relevant banking forms and templates
6. Appendix B - Compliance Checklist: Checklist for document compliance and presentation requirements
7. Appendix C - UCP 600 Reference Guide: Key provisions of UCP 600 applicable to the transaction
Authors
Relevant legal definitions
Clauses
Relevant Industries
Banking and Financial Services
International Trade
Manufacturing
Agriculture and Commodities
Textiles
Automotive
Energy and Resources
Consumer Goods
Pharmaceuticals
Technology and Electronics
Construction and Infrastructure
Logistics and Transportation
Relevant Teams
Legal
Finance
Treasury
International Trade
Risk Management
Compliance
Corporate Banking
Trade Operations
Credit Administration
Supply Chain
Documentary Credits
Banking Operations
Relevant Roles
Trade Finance Manager
Corporate Banking Officer
Chief Financial Officer
Treasury Manager
Import Manager
Export Manager
Finance Director
Credit Risk Officer
Compliance Officer
Banking Relationship Manager
Documentary Credits Specialist
International Trade Specialist
Financial Controller
Supply Chain Manager
Legal Counsel
Trade Operations Manager
Find the exact document you need
Payment Terms SBLC
A Pakistani law-governed document establishing payment terms and conditions for Standby Letters of Credit, compliant with local banking regulations and international standards.
find out more
Irrevocable Lc At Sight
An Irrevocable Letter of Credit at Sight under Pakistani law, providing a secure payment mechanism for international trade transactions with immediate payment upon document presentation.
find out more
Lc Sight And Usance
A bank-issued trade finance document under Pakistani jurisdiction that guarantees payment in international trade transactions, subject to UCP 600 rules and local banking regulations.
find out more
Letter Of Credit Limit
A Pakistani law-governed agreement establishing terms for a bank's issuance of Letters of Credit, complying with local banking regulations and international trade practices.
find out more
Application Letter For Lc
A formal application document used in Pakistan's banking system to request the opening of a Letter of Credit for international trade transactions, complying with local banking laws and UCP 600 guidelines.
find out more
Lc Payment Terms In Export
Standard terms for Letter of Credit payments in export transactions under Pakistani law, ensuring compliance with local banking regulations and international trade practices.
find out more
Personal Letter Of Credit
A bank-issued payment guarantee document under Pakistani law that provides financial security for personal or business transactions.
find out more
Standby Guarantee
A bank-issued guarantee under Pakistani law that provides financial security by ensuring payment upon demand if specified obligations are not met.
find out more
Letter Of Credit Fee
A Pakistani banking document outlining fees and terms for Letter of Credit services, governed by Pakistani banking laws and State Bank regulations.
find out more
Credit Facility Offer Letter
A formal letter issued by a Pakistani financial institution offering credit facilities to a borrower, outlining key terms and conditions under Pakistani banking laws.
find out more
Application For Letter Of Credit
A formal application document used in Pakistan to request a bank to issue a Letter of Credit for international trade transactions, subject to Pakistani banking laws and UCP 600.
find out more
SBLC Buyers
A Pakistani law-governed agreement establishing terms for issuing a Standby Letter of Credit, detailing parties' obligations and drawing conditions.
find out more
SBLC Backed Buyers Credit
A Pakistani law-governed financing agreement establishing an SBLC-backed buyer's credit facility, detailing credit terms, security arrangements, and regulatory compliance requirements.
find out more
Usance Lc Discounting
A Pakistani law-governed agreement for discounting deferred-payment letters of credit, enabling exporters to receive immediate financing against future LC payments.
find out more
Revolving SBLC
A Pakistani law-governed Revolving SBLC that provides automatically reinstating credit facilities, combining local banking regulations with international practices.
find out more
Payment Terms Dlc
A Pakistani law-governed agreement outlining payment terms and conditions for Documentary Letters of Credit in international trade transactions.
find out more
Non Transferable SBLC
A Pakistani law-governed Non-Transferable Standby Letter of Credit providing bank-guaranteed financial security, subject to State Bank of Pakistan regulations and international banking standards.
find out more
Negotiation Bank In Lc
A Pakistani law-governed agreement setting out terms for bank LC negotiation services, aligned with local banking regulations and international trade practices.
find out more
Letter Of Credit Discounting Charges
A Pakistani law-governed banking document that specifies the charges and terms for discounting a Letter of Credit, aligned with SBP regulations and international banking practices.
find out more
Cumulative Revolving Letter Of Credit
A Pakistani law-governed banking instrument establishing a renewable, cumulative letter of credit facility for international trade transactions, incorporating UCP 600 and local banking regulations.
find out more
Credit Card Clearance Letter
A formal Pakistani banking document confirming complete settlement of credit card dues and account closure, issued under local banking regulations.
find out more
Freely Negotiable Letter Of Credit
A banking instrument under Pakistani law that enables secure international trade payments with free negotiability at any bank, governed by local regulations and UCP 600.
find out more
Time Letter Of Credit
A Pakistani-law governed banking instrument that provides for deferred payment in international trade transactions, subject to document compliance and specific maturity terms.
find out more
Transferable Lc At Sight
A Pakistani-law governed transferable letter of credit providing immediate payment upon document presentation, enabling credit transfer from first to second beneficiary in international trade transactions.
find out more
Straight Letter Of Credit
A banking instrument used in international trade under Pakistani law that provides a direct, irrevocable payment commitment from the issuing bank to the beneficiary.
find out more
Small Business Letter Of Credit
A bank-issued payment guarantee document for small business trade transactions in Pakistan, complying with Pakistani banking laws and international trade practices.
find out more
Red Letter Of Credit
A specialized banking instrument under Pakistani law that provides pre-shipment financing facilities while guaranteeing payment in international trade transactions.
find out more
Local Letter Of Credit
A bank-issued payment guarantee document for domestic trade transactions within Pakistan, governed by Pakistani banking laws and denominated in Pakistani Rupees.
find out more
Loan Facility Letter
A formal document under Pakistani law that outlines loan facility terms between a lender and borrower, establishing the framework for the lending relationship.
find out more
Non Operative Letter Of Credit
A Pakistani law-governed banking instrument that demonstrates financial capability without being an operative credit instrument, typically used for tender submissions or proof of financial standing.
find out more
Letter Of Credit 90 Days
A bank-issued trade finance instrument under Pakistani law providing 90-day payment terms for international trade transactions, governed by local banking regulations and UCP 600.
find out more
Letter Of Credit 30 Days
A 30-day Letter of Credit document under Pakistani law, providing bank-guaranteed payment security for international trade transactions.
find out more
Installment Letter Of Credit
A Pakistani law-governed banking instrument that facilitates secured installment payments in trade transactions through bank-guaranteed letters of credit.
find out more
Inland Letter Of Credit
A bank-issued payment guarantee document used in domestic trade within Pakistan, providing security for both buyer and seller under Pakistani banking regulations.
find out more
Green Letter Of Credit
A Pakistan-law governed financial instrument that combines traditional letter of credit features with environmental criteria to facilitate sustainable international trade transactions.
find out more
Discrepancy Letter Of Credit
A Pakistani banking document that formally notifies parties of discrepancies in Letter of Credit documentation, governed by local banking laws and UCP 600.
find out more
Business Letter Of Credit
A banking instrument governed by Pakistani law that provides payment security in international trade transactions through bank-guaranteed payment commitment.
find out more
Bank To Bank Lc
A Pakistani law-governed agreement between banks establishing terms and procedures for handling Letters of Credit, aligned with local banking regulations and international standards.
find out more
Unrestricted Letter Of Credit
A Pakistani law-governed banking instrument that provides an unconditional payment guarantee for international trade transactions, subject to document compliance.
find out more
Unconditional Letter Of Credit
A bank-issued irrevocable payment guarantee under Pakistani law, providing unconditional payment commitment in international trade transactions.
find out more
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)