The Payment Terms SBLC document serves as a critical instrument in Pakistani commercial transactions, providing security and payment assurance in various business arrangements. It is typically used when parties require a bank-backed guarantee of payment, particularly in international trade, large-scale projects, or significant commercial contracts. The document details the conditions under which the SBLC can be drawn, payment processing requirements, and compliance with both Pakistani banking regulations and international banking practices. It incorporates provisions from key Pakistani legislation including the Banking Companies Ordinance and Foreign Exchange Regulation Act, while also ensuring alignment with international standards such as UCP 600. The document is essential for businesses seeking to establish secure payment arrangements with the backing of Pakistani banking institutions.
Create a bespoke document in minutes, or upload and review your own.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership聽of your information
Key Requirements PROMPT example:
Payment Terms SBLC
"I need a Payment Terms SBLC document for a renewable energy project in Karachi, with a value of USD 5 million, where my company is the beneficiary and ABC Bank Pakistan is the issuing bank, with multiple drawing provisions and Islamic banking compliance requirements."
1. Parties: Identification of the Applicant (Account Party), Beneficiary, and Issuing Bank
2. Background: Context of the SBLC issuance, including the underlying transaction or obligation
3. Definitions: Key terms used throughout the document including banking, financial and technical terms
4. SBLC Amount and Currency: Specification of the credit amount and currency of payment
5. Term and Expiry: Duration of the SBLC and expiration conditions
6. Drawing Conditions: Specific conditions and documentation required for drawing under the SBLC
7. Payment Terms: Detailed payment mechanisms, timing, and processing requirements
8. Bank's Obligations: Scope and extent of the issuing bank's commitments and responsibilities
9. Applicant's Obligations: Responsibilities and commitments of the SBLC applicant
10. Representations and Warranties: Standard declarations by the parties regarding their capacity and authority
11. Events of Default: Circumstances constituting default and their consequences
12. Governing Law and Jurisdiction: Specification of Pakistani law as governing law and jurisdiction details
1. Islamic Banking Compliance: Required when the SBLC needs to be Shariah-compliant
2. Counter-Indemnity: Include when additional security or indemnification is required from the applicant
3. Transfer Rights: Include when the SBLC needs to be transferable to other beneficiaries
4. Multiple Drawing Provisions: Required when multiple partial drawings are to be allowed
5. Foreign Exchange Provisions: Include for cross-border transactions with currency conversion requirements
6. Force Majeure: Optional clause for dealing with unforeseen circumstances
7. Anti-Money Laundering Provisions: Include for high-value or international transactions
1. Schedule A - Form of Demand: Standard format for making a demand under the SBLC
2. Schedule B - Required Documents: List and formats of all required supporting documents
3. Schedule C - Fee Schedule: Detailed breakdown of all applicable fees and charges
4. Schedule D - Notice Details: Contact information and notice requirements for all parties
5. Appendix 1 - Underlying Agreement Reference: Details or extract of the underlying agreement secured by the SBLC
6. Appendix 2 - Bank's Standard Terms: Standard terms and conditions of the issuing bank
7. Appendix 3 - Compliance Certificates: Required regulatory and compliance certificates
Authors
Relevant legal definitions
Clauses
Relevant Industries
Banking and Financial Services
International Trade
Manufacturing
Construction
Energy and Utilities
Infrastructure Development
Real Estate
Telecommunications
Import/Export
Oil and Gas
Mining
Healthcare
Technology
Relevant Teams
Legal
Finance
Treasury
Risk Management
Compliance
International Trade
Corporate Banking
Operations
Credit
Commercial
Relevant Roles
Chief Financial Officer
Treasury Manager
Trade Finance Manager
Financial Controller
Risk Manager
Compliance Officer
Legal Counsel
Banking Relationship Manager
Corporate Finance Director
International Trade Director
Finance Manager
Credit Manager
Commercial Director
Operations Manager
Project Finance Manager
Find the exact document you need
Letter Of Credit Loan
An Indonesian law-governed agreement establishing terms for letter of credit facilities between a bank and borrower, complying with local banking regulations and international practices.
find out more
Lc Trade (Finance)
An Indonesian-law governed Letter of Credit document that provides secured payment mechanism for international trade transactions, compliant with local banking regulations and international standards.
find out more
Lc At Sight Terms
Letter of Credit at Sight terms document under Indonesian law, establishing bank payment commitments for international trade transactions.
find out more
Biaya Letter Of Credit
An Indonesian law-governed agreement establishing fees and payment terms for Letter of Credit services between a bank and its client.
find out more
Trade Lc
An Indonesian-law governed Trade Letter of Credit document that facilitates secure international trade transactions through bank-guaranteed payment commitments.
find out more
SBLC Letter Of Credit
A Philippine-law governed Standby Letter of Credit that serves as a bank-issued payment guarantee, subject to Philippine banking regulations and international standards.
find out more
Credit Limit Increase Request Letter
A formal letter requesting a credit card limit increase in the Philippines, complying with local banking regulations and including essential financial information for assessment.
find out more
Letter Of Credit Cost
A South African banking document detailing all costs, fees, and charges associated with issuing and maintaining a letter of credit, in compliance with local banking regulations and international standards.
find out more
Lc Document
A Swiss law-governed Letter of Credit document providing bank payment guarantee in international trade transactions, combining Swiss banking reliability with international standards.
find out more
Stand By Letter Of Credit
A Maltese law-governed Standby Letter of Credit serving as a bank-issued payment guarantee, combining local legislation with international banking practices.
find out more
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
Revocable Lc
An Austrian law-governed financial instrument issued by a bank that provides a conditional, revocable payment guarantee in international trade transactions.
find out more
Letter Of Credit In International Trade
An Austrian law-governed banking instrument that provides payment security in international trade transactions through bank-guaranteed payment upon presentation of compliant documents.
find out more
Download our whitepaper on the future of AI in Legal
By providing your email address you are consenting to our Privacy Notice.
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
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a 拢1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.