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The Promissory Note To Follow Documents is a crucial instrument in UAE trade finance, combining the features of a standard promissory note with document-based security. It is primarily used when parties want to ensure payment is contingent upon the presentation of specific commercial documents, typically in international trade transactions. This document type is governed by UAE Federal Law No. 18 of 1993 (Commercial Transactions Law) and must contain certain mandatory elements to be legally valid. It provides security to both parties by linking the payment obligation to specific underlying documents, making it particularly valuable in import/export transactions, documentary collections, and trade financing arrangements. The document serves as both a payment promise and a mechanism to ensure proper documentation in commercial transactions.

1. Title and Date: Clear identification as a Promissory Note To Follow Documents with date of issuance

2. Unconditional Promise to Pay: Clear statement of unconditional promise to pay a specific sum, including the amount in numbers and words

3. Payee Details: Full legal name and address of the person/entity to whom payment is to be made

4. Issuer Details: Full legal name and address of the person/entity issuing the promissory note

5. Payment Terms: Specific date or determinable future time when payment is due

6. Reference to Underlying Documents: Clear identification of the commercial documents being followed (e.g., bill of lading, invoice, etc.)

7. Place of Payment: Specific location where the payment is to be made

8. Place of Issuance: Location where the promissory note is issued

9. Signature Block: Space for authorized signature(s) of the issuer