TO:BANK OF CHINA LIMITED SINGAPORE BRANCH

Date: Click here to enter a date.

APPLICATION FOR PROCESSING OF DOCUMENT(S) UNDER DOCUMENTARY CREDIT

I/We enclose herewith draft(s) and/or document(s) for your processing in accordance with my/our instructions marked "X" hereinbelow, subject to the general terms and conditions printed overleaf and also to the applicable ICC Uniform Customs and Practice for Documentary Credits stipulated in the subject Documentary Credit :

Please send draft(s) and/or document(s) directly to Issuing Bank for Payment/Acceptance without examination

Please examine document(s) , in case of discrepancy(cies):

Please send draft(s) and/or document(s) directly to Issuing Bank for Payment/Acceptance

Please telex Issuing Bank for Authority to Negotiate

 Documents to be despatched by COURIER SERVICE (if available) unless otherwise instructed

Document(s) attached :

Drafts / Invoice / Bill of Lading / Air Waybill / Delivery Order / Ins
Cert. / P/W
Cert. / Cert. of Origin / Q&Q Cert. / Bene
Cert. / Fax
Issuing Bank / :
DC Number / : / Our Ref. / :
Bill Amount / : / Tenor / :
PAYMENT INSTRUCTIONS

Please Negotiate and Advance/Discount the Bill . We hereby confirm that we have not and will
not obtain any financing to this transaction from any other bank or financial institution.
(for SIGHT BILL Advance, Bank will charge 7-DAYS INTEREST upfront which is NOT REFUNDABLE)

Pay me/us upon receipt of funds

For the Proceeds :

Credit my/our Account Number.:

Inform us the Nett Amount Credited

Offset Import Bill(s) Reference Number.:

Hold Proceeds and contact: / Tel:
 Please contact : /
Tel: /
Fax:
in case of discrepancy(ies) or need(s).

Yours faithfully

authorised signature(s) & firm/company stamp
FOR BANK USE ONLY / docs examined by / Types / Documents sent for processing on:
Signature Verified by / 1st checker / 2nd checker / o OK
o Payment/Acceptance
o Restricted

Please be informed that Saturday is to be considered a non-banking business day for our Trade Finance Processing / Operations Unit although our bank may otherwise be opened for business.

BEB51BI-96

GENERAL TERMS AND CONDITIONS

1.In consideration of your agreeing to negotiate (which term hereinafter where the context permits shall include any advance or discount), at my/our request, my/our draft(s) and/or document(s) under the subject Documentary Credit (which has not been confirmed by you), I/we agree that such negotiation shall be made on the basis that you will have full recourse to us in all circumstances for the amount so paid by you and on the basis of the other terms stipulated herein.

2.I/We undertake to indemnify you on a full indemnity basis, at all times, from and against all claims, demands, proceedings, actions, damages, liabilities, losses, costs and expenses of whatsoever nature, including legal costs, which may be incurred, sustained or suffered by you in respect of or in connection with or in any manner arising from non-acceptance and/or non-payment of any draft(s) and/or document(s) enclosed herewith, whether or not such non-acceptance and/or non-payment be caused by or be in any way related to any alleged discrepancies and/or irregularities of whatsoever nature in the draft(s) and/or document(s) enclosed herewith, or otherwise.

3.Your acceptance of the draft(s) and/or document(s) tendered shall not constitute an agreement or a representation on your part that they are in accordance with the terms and conditions of the subject Documentary Credit.

4.I/we agree to refund to you, immediately after you receive notice (whether in writing or otherwise) of non-acceptance and/or non-payment, and at your option, this document will serve as your authority to charge my/our account with the currency of/Singapore dollar equivalent of the draft(s) and/or document(s), at your prevailing selling rate, for the amount of the draft(s) and/or document(s) together with interest at your prescribed rate and all other charges or expenses.

5.I/We acknowledge and agree that you may, at any time after agreeing to negotiate the draft(s) and/or document(s) herein, recover the said sum, interest and all other charges or expenses thereon, at your prescribed rate, upon demand to me/us notwithstanding that the Issuing Bank has not stated that it will not accept the draft(s) and/or document(s) and/or effect payment under the subject Documentary Credit.

  1. I/We further agree that pending payment, the draft(s) and/or Bill(s) of Lading, Insurance Policy(ies), Invoice(s) or other document(s) representing or relating to the goods and the goods represented thereby and the proceeds thereof are to be held by you as security for the payment on demand to you of all moneys which now is or at any time hereafter may become due or owing or may be accruing or becoming due to you by me/us either alone or jointly with any other person or company on any account or in respect of any liability whatsoever whether actual or contingent and whether as principal or surety or otherwise together with, in all cases, interest, at your prescribed rate and all other banking charges and legal costs incurred in relation hereto or the enforcement thereof. If any money hereby secured shall not be duly paid by me/us on demand, you may forthwith, without notice to me/us or any person, sell the goods or any part thereof by public auction or by private contract or otherwise or assign transfer or negotiate documents relating to the goods at such price and upon such condition and to such persons as you may deem fit and apply the net proceeds in or towards the discharge of the money hereby secured and the residue (if any) shall be paid to the order of the person legally entitled thereto. I/We hereby undertake, from time to time, to execute and sign all transfer and other document(s) and do all acts and things which you may require for perfecting your title to the goods or any part thereof or for vesting or enabling you to vest the same in itself or its nominee(s) or in any purchaser.
  1. I/We consent to your disclosure of information, including our name, account number, address etc, in any wire transfer or payment instructions as required from time to time.
  1. I/we authorise you to forward the draft(s) and/or document(s) to the Nominated Bank for their negotiation (This clause applies to all Restricted Documentary Credit(s)).