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The Divisible Letter of Credit is a sophisticated banking instrument used in international trade finance, particularly relevant in Hong Kong's robust financial services sector. This document type is essential when parties require flexibility in managing large trade transactions that need to be split into multiple smaller transactions or shipments. The document, governed by Hong Kong law and UCP 600, enables beneficiaries to divide the original credit amount into separate portions, each functioning as an independent credit facility. It is commonly used in situations involving multiple shipments, various suppliers, or complex supply chain arrangements. The document includes detailed provisions for credit division mechanisms, documentation requirements, presentation schedules, and compliance with Hong Kong banking regulations and international banking standards.

1. Bank Details and Reference: Issuing bank's letterhead, contact details, and unique LC reference number

2. Date and Place of Issue: Date and location where the LC is issued

3. Beneficiary Information: Complete name and address of the beneficiary

4. Applicant Information: Complete name and address of the applicant requesting the LC

5. Credit Amount and Currency: Total amount of the credit and currency specification

6. Divisibility Terms: Specific terms and conditions regarding how the credit may be divided, including minimum division amounts and maximum number of divisions

7. Available With/By: Specification of how and where the credit is available (negotiation, acceptance, etc.)

8. Expiry Date and Place: Clear statement of when and where the credit expires

9. Partial Shipments/Drawings: Terms regarding partial shipments and drawings under the divided credit

10. Required Documents: Detailed list of documents required for each presentation

11. Additional Conditions: Any special conditions or requirements specific to this LC

12. Banking Charges: Allocation of banking charges and fees

13. Confirmation Instructions: Whether the credit is to be confirmed or not

14. Governing Law and Jurisdiction: Specification of Hong Kong law and jurisdiction

15. UCP Declaration: Statement that the LC is subject to UCP 600