X’PRESS LETTERS OF CREDIT APPLICATION FORM - UOB

X’PRESS LETTERS OF CREDIT APPLICATION FORM We, the undersigned, submit this Application Form and the accompanying documents (where applicable)...

33 downloads 740 Views 142KB Size
X’PRESS LETTERS OF CREDIT APPLICATION FORM We, the undersigned, submit this Application Form and the accompanying documents (where applicable) to request for the issuance of an irrevocable Letter of Credit by United Overseas Bank (Malaysia) Bhd (“the Bank”) in accordance with the instructions stated below. (The references in this Application Form to “us”, “we” or “our” refer to the Applicant as stated in Section 6 of this Application Form and the reference to “Letter of Credit” in this Application Form shall mean the irrevocable Letter of Credit issued by the Bank). We hereby agree to be bound by the Terms and Conditions for X’press Letters of Credit (available at any of your branches or your website: www1.uob.com.my), which we have read and understood, and those which may be imposed on us by the Bank at any time and from time to time. 1. Date of this application (dd/mm/yy) : 2. Expiry Date (dd/mm/yy) in the country of the Beneficiary : 3. Operative instrument mode : SWIFT

4. Transferable Credits :

Yes

5. Confirmation of credit by the beneficiary :

Courier service

6. Applicant (full name & address) :

7. Beneficiary (full name & address) :

8. Amount (currency and figure) :

10. Advising Bank (if any) :

Yes

9. Tolerance on amount : + / - _______ % 11. Documents to be presented within _________________ days after the date of issuance of transport documents , but within validity of the credit. 13. Goods (brief description without excessive detail) :

14. Incoterm : CIF

CFR

FOB

Others (Please specify): _____________________

16. Shipment Details : Partial shipment(s) : Trans shipment(s) :

Allowed Allowed

Not Allowed Not Allowed

17. Port / Airport of loading : ____________________________ Place of taking in charge / dispatch : ___________________ Port / Airport of discharge : ___________________________ Place of final destination : ____________________________ 18. Freight :

Prepaid

Payable at destination

19. Latest shipment / delivery date (dd/mm/yy) : ________________

12. Credit available with ________________________________ by : Sight payment Deferred payment Acceptance Negotiation against the documents detailed herein and beneficiary’s draft at : sight drawn on Issuing Bank ________ days after _________ drawn on Issuing Bank 15. Documents required : Full set on board negotiable Bill of Lading made out to the order of the Issuing Bank and notify the Applicant. Combined transport document made out to the order of the Issuing Bank and notify the Applicant. Air Waybill consigned to the Issuing Bank. Delivery Order. Full set of Insurance Policy / Certificate blank endorsed in the currency of the credit for not less than 110% CIF value covering risks under the following Institute Cargo Clauses Clause A Clause B Clause C War Risks Strikes TPND Signed commercial invoice in ______original and _____copies. Certificate of ________________ origin in ___ original and ___ copies. Packing List in ______ original and _____ copies. Others (Please specify) : ____________________________________ ________________________________________________________ ________________________________________________________ ________________________________________________________ ________________________________________________________

20. Additional instructions : 21. All banking charges outside Malaysia are for account of :

Applicant

Beneficiary

22. Consent to Debit Account : We hereby irrevocably authorise the Bank to debit our account maintained with the Bank bearing account no. __________________________ for an amount equivalent to 100% of the amount of the Letters of Credit applied for and the tolerance amount as stipulated in Section 9 of this Application Form or any other percentage or sums deemed appropriate by the Bank subject to the Terms and Conditions for X’press Letters of Credit. 23. Further Consent to Debit Account : We further irrevocably authorise the Bank to debit our account maintained with the Bank bearing account no. __________________________ for all fees, commission and other charges incurred pertaining to this Application together with taxes and levies. 24. Insurance will be covered by the Applicant. Please arrange for the Insurance Policy / Certificate, on our behalf. Insurance Policy / Certificate attached herewith for your safekeeping. 25. Foreign Exchange : We hereby irrevocably authorise the Bank to contract the exchange rate for this transaction on our behalf (if applicable). We will not enter into any contract for exchange rate for this transaction. Any losses arising from double booking of exchange rate will be borne by us. For United Overseas Bank (Malaysia) Bhd use only Authorised Signature(s) Bank reference no. :

We hereby confirm that the above signatories have been authorised by us and the Bank may accept such person as authorised by us in regards to this application. XLC Version 3 (TB01/15)

Page 1/1