APPLICATION FOR IRREVOCABLE DOCUMENTARY CREDIT

To: CHONG HING BANK LIMITED
HONG KONG / Credit No.: 01-
Date:
Beneficiary (Name and Address) / Credit to be despatched by:
Full Teletransmission Courier
Collect at your Counter by Tel. No.:
Advising Bank: (if blank, nominated by Issuing Bank)

Credit Currency / Amount in Words

/

Credit Currency / Amount in Figures

/ Variance in credit amount allowed:
+/-+- %
Variance in quantity allowed:
+/-+- %
Tenor of draft
At sight
At days after sight date of transport document with interest
for tenor period for account of Beneficiary Applicant /

Shipment / Delivery

From:
To:
Not Later Than: / Partial shipment / deliveries:
Prohibited Permitted
Transhipment:
ProhibitedPermitted
Charges Types /
To be paid by
/ Expiry date:
Beneficiary / Applicant / Expiry place: Beneficiary’s country
Charges outside Hong Kong / Shipping Terms:
FOBFCACFRCIFLocal Delivery
Others: (please specify)
Credit Opening Charges
Usance bill acceptance commission
(for Usance DCs only) / Insurance: (For FOB/FCA & CFR) (Please select)
Please arrange insurance cover for 110% of LC amount
As per open policy held by Bank
Will be submitted within 7 days as per cover note attached
To be covered by ultimate buyer
HKD bill payment commission
(for HKD DCs only)
L/C overdrawing commission
Documents must be presented for negotiation within days after shipment date / the issuance date of cargo receipt but within the validity of the credit.
Documents Required: (Please useseparate sheet if space is not enough)
Signed commercial invoice in
Packing list in
set of clean ON BOARD Marine Bills of Lading made out to order and blank endorsed marked Freight , Notify and indicating this L/C number.
Original clean Air waybill consigned to: Issuing Bank Applicant marked Freight , Notify and indicating this L/C number.
Cargo receipt issued and signed by authorized person(s) of Applicant whose signature(s) and signing authority(ies) must be in conformity with the specimen signature held in the L/C Issuing Bank’s record, certifying that the goods have been received for and on behalf of Chong Hing Bank Limited, Hong Kong, in good order and condition, stating the quantity and value of goods received, and mentioned this L/C No.
Full Set of Insurance Policy / Certificate at least in duplicate endorsed in blank for 110% of full invoice value covering the following risks:
Institute Cargo Clauses (A) (B) (C) (Air);
institute war clauses (cargo) and institute strikes clauses (cargo);
institute war clauses (air cargo) and institute strikes clauses (air cargo);
with claims payable at destination in the same currency of this credit, irrespective of percentage.
Other Documents (if required and use separate sheet if space is not enough):
Brief Goods Description (Please avoid excessive details and use separate sheet if space is not enough)
Other Special Instructions:
This credit is transferable by advising bank Others: (please specify)
Foreign exchange to be fixed on
We request you to issue an irrevocable documentary credit for our account in accordance with the above instructions (Marked with an “X” where appropriate). We agree that this application and the opening by you of this documentary credit shall be governed in all respects by the terms and conditions under the Agreement and Indemnity relating to the opening of Commercial Credits or the General Customer Agreement signed by us, and, subject to any provision to the contrary, the current “Uniform Customs & Practice for Documentary Credits published by the International Chamber of Commerce” from time to time.
For Bank Use: / Authorized signature(s) and company chop
Special Approval
To: BCCB: Team ( )
Attn: / From: OTFD
Reason:
Processed on / Processed / Reviewed / Approved
Account No. / Fax No.
Contact person / Tel. No.

OTFD/LC-01/01-07E (E-FORM)