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1. Parties: Identifies all parties to the SBLC including the issuing bank, the applicant, and the beneficiary

2. Background: Sets out the context and purpose of the SBLC, including the underlying commercial relationship

3. Definitions: Defines key terms used throughout the SBLC document

4. Credit Amount and Nature: Specifies the maximum credit amount and explains the revolving nature of the facility

5. Purpose and Scope: Details the permitted purposes for which the SBLC can be used

6. Term and Validity: Specifies the duration of the SBLC and any automatic renewal provisions

7. Drawing Conditions: Sets out the conditions and documentation required for drawing under the SBLC

8. Revolving Mechanism: Explains how the credit amount reinstates after each drawing and any applicable conditions

9. Fees and Charges: Details all applicable fees, charges, and commission structures

10. Representations and Warranties: Lists the representations and warranties made by the applicant

11. Reimbursement Obligations: Specifies the applicant's obligations to reimburse the issuing bank

12. Events of Default: Lists circumstances constituting default and their consequences

13. Governing Law and Jurisdiction: Specifies Indian law as governing law and designates jurisdiction for disputes

1. Schedule 1 - Form of Drawing Request: Standard form for making drawings under the SBLC

2. Schedule 2 - Fee Schedule: Detailed breakdown of all fees, charges, and commission rates

3. Schedule 3 - Required Documents: List of documents required for drawings and compliance

4. Schedule 4 - Specimen Signatures: Authorized signatures for the applicant and beneficiary

5. Appendix A - Compliance Certificates: Standard forms for periodic compliance certification

6. Appendix B - Communication Procedures: Procedures for notices and communications between parties

7. Appendix C - KYC Requirements: List of required KYC documents and verification procedures