The Non-Operative Letter of Credit is a crucial document in international trade finance, particularly within the Belgian legal framework. It is typically used when parties require a secure payment mechanism in cross-border transactions, providing assurance to sellers while protecting buyers' interests. The document specifies conditions that must be met before payment is released, including the presentation of specific documents such as bills of lading, commercial invoices, and inspection certificates. Operating under Belgian law and European Union regulations, it incorporates international banking practices (UCP 600) while adhering to local financial regulations. This type of Letter of Credit is particularly relevant when dealing with new trading partners or in situations where additional payment security is required in international commercial transactions.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership聽of your docs
1. Bank Details and Reference Number: Issuing bank's details, Letter of Credit reference number, and date of issuance
2. Beneficiary Information: Complete name and address of the beneficiary of the Letter of Credit
3. Applicant Information: Complete name and address of the party requesting the Letter of Credit
4. Currency and Amount: Specified currency and maximum amount of the Letter of Credit
5. Expiry Date and Place: Clear statement of when and where the Letter of Credit expires
6. Form of Presentation: Specifications for how documents should be presented and where
7. Description of Goods/Services: Brief but clear description of the underlying transaction
8. Required Documents: List of documents that must be presented for payment
9. Payment Terms: Conditions and timing of payment
10. Governing Law Statement: Clear statement that Belgian law governs the Letter of Credit
1. Partial Shipments/Drawings: Include when specifying whether partial shipments or drawings are allowed
2. Transhipment Terms: Include when transhipment conditions need to be specified
3. Insurance Requirements: Include when specific insurance requirements need to be detailed
4. Special Conditions: Include when there are additional terms or conditions specific to the transaction
5. Transfer Rights: Include when the Letter of Credit needs to be transferable
6. Back-to-Back Provisions: Include when the Letter of Credit is part of a back-to-back arrangement
7. Confirmation Instructions: Include when confirmation by another bank is required
1. Document Presentation Form: Standard form for presenting documents under the Letter of Credit
2. Required Document Checklist: Detailed checklist of all required documents and their specifications
3. Bank Contact Details: Complete contact information for all banks involved
4. Fee Schedule: Breakdown of all applicable banking fees and charges
5. Amendment Request Form: Standard form for requesting amendments to the Letter of Credit
6. Commercial Invoice Template: Required format for commercial invoices if specified
Find the exact document you need
Application For Letter Of Credit
A Belgian-law governed application form requesting a bank to issue a letter of credit for international trade transactions, following UCP 600 rules and Belgian banking regulations.
Download
Non Operative Letter Of Credit
A Belgian-law governed banking instrument that provides payment security in international trade transactions, subject to specified conditions and documentation requirements.
Download
Bank Guarantee And Letter Of Credit
Belgian law-governed Bank Guarantee and Letter of Credit template for international trade and commercial transactions, compliant with Belgian financial regulations and EU banking laws.
Download
Letter Of Credit Verbiage
A Belgian law-governed Letter of Credit document that outlines bank payment guarantees and conditions in international trade transactions, incorporating Belgian and EU banking regulations.
Download
Issuing Bank In Lc
A Belgian law-governed Letter of Credit document representing a bank's irrevocable undertaking to pay against compliant document presentation in international trade transactions.
Download
Import And Export Letter Of Credit
A Belgian law-governed banking instrument that guarantees payment in international trade transactions, subject to EU regulations and UCP 600.
Download
Deferred Lc
A Belgian law-governed financial instrument establishing terms for deferred payment in international trade transactions, combining local jurisdiction requirements with UCP 600 rules.
Download
Advising Bank In Bank Guarantee
A Belgian law-governed document wherein a bank formally advises and authenticates a bank guarantee issued by another bank to a beneficiary.
Download
Confirmed Irrevocable Letter Of Credit
A Belgian law-governed bank payment guarantee instrument where both issuing and confirming banks provide definite commitment to pay against compliant documents in international trade transactions.
Download
At Sight Lc
A Belgian-law governed At Sight Letter of Credit providing immediate payment upon compliant document presentation, subject to Belgian banking regulations and UCP 600.
Download
Evergreen Letter Of Credit
Belgian law-governed automatically renewable letter of credit providing ongoing financial guarantee, compliant with EU regulations and UCP 600.
Download
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 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