������Ƶ

The Conditional Letter of Credit is a crucial trade finance instrument widely used in international commerce. Under Singapore law, it combines the security of a bank guarantee with specific conditional requirements for payment release. This document type is particularly relevant when parties seek a secure payment method while ensuring specific conditions are met before funds are released. The Conditional Letter of Credit includes detailed terms about document requirements, payment conditions, and compliance with both UCP 600 and Singapore banking regulations. It's especially valuable in complex international transactions where multiple parties and specific performance requirements are involved.

1. Letter Header: Bank letterhead, reference number, date and document type identification

2. Bank Information: Complete details of the issuing bank including address, SWIFT code, and contact information

3. Beneficiary Details: Full name, address and banking details of the party receiving the Letter of Credit

4. Applicant Details: Full name, address and details of the party requesting the Letter of Credit

5. Credit Amount and Currency: Specific amount, currency and tolerance (if any) of the Letter of Credit

6. Validity and Expiry: Credit availability, expiry date and place for presentation of documents

7. Payment Terms: Specific conditions and timing for payment, including sight, deferred payment, or acceptance

8. Documentary Requirements: Detailed list of required documents for presentation and their specifications

9. Shipment Terms: Shipping details including latest shipment date, partial shipments, and transshipment provisions

10. Governing Law: Statement that the L/C is subject to UCP 600 and Singapore law