APPLICATION AND GUARANTEE FOR ISSUE OF IRREVOCABLE DOCUMENTARY LETTER OF CREDIT

Branch Head,
AXIS BANK LTD
Hong Kong Branch

Dear Sir,
I/We request you to establish with your correspondents in _____________( Country )
Documentary credit as per details below:

40A:* TYPE OF L/C IRREVOCABLE

**
31D :
*** DATE & PLACE OF EXPIRY:
50 :
*** NAME AND ADDRESS
OF THE APPLICANT

59 :
*** NAME AND ADDRESS OF
THE BENEFICIARY

32B:
*** CURRENCY & AMOUNT OF
CREDIT IN FIGURES AND IN
WORDS
39A:
# PERCENTAGE CREDIT AMOUNT
TOLERANCE
39B:
# MAXIMUM CREDIT AMOUNT

39C:
ADDITIONAL AMOUNTS
COVERED
(USANCE INTEREST)
41a : CREDIT AVAILABLE WITH
(A/D)
***
CREDIT AVAILABLE BY ACCEPTANCE DEF PAYMENT
NEGOTIATION SIGHT PAYMENT
42c:
@ DRAFTS AT AT SIGHT ______ DAYS FROM DATE OF
SHIPMENT
42a:@
DRAWEE
43P:
PARTIAL SHIPMENTS PROHIBITED PERMITTED
43T:
TRANSHIPMENTS PROHIBITED PERMITTED
44A:
SHIPMENT FROM
44B : VIA
SHIPMENT TO
44C:
LATEST DATE OF SHIPMENT
45A:
FOB CFR CIF
QUANTITY AND DESCRIPTION
OF GOODS
(BRIEF DETAILS)
CONTRACT TERMS:
………………… ……………….
(Please
mark) Others(Specify
( As PER INCOTERMS 2000)

*** BUSINESS REGISTRATION CODE

46A: DOCUMENTS REQUIRED DRAFTS FOR 100% OF THE INVOICE VALUE.

SIGNED COMMERCIAL INVOICE (S) IN ------COPIES

FULL SET OF SIGNED “CLEAN” “ON BOARD” OCEAN

BILLS OF LADING MADE OUT TO ORDER AND BLANK
ENDORSED MARKED FREIGHT PREPAID/FREIGHT PAYABLE
AT DESTINATION EVIDENCING SHIPMENT OF
MERCHANDISE DESCRIBED ABOVE. BILLS OF LADING
MUST STATE FULL NAME AND ADDRESS OF BOTH
APPLICANT AND AXIS BANK LIMITED AS PARTIES TO BE
NOTIFIED.

OR

AIRWAY BILL (ORIGINAL PLUS ------- COPIES) ISSUED BY

AIRLINE OR IT‟S AGENT MADE IN THE NAME OF AXIS
BANK LIMITED FOR ACCOUNT APPLICANT EVIDENCING
THE CURRENT AIRFREIGHT OF GOODS. AIRWAY BILL
SHOULD BE MARKED “FREIGHT PREPAID/TO COLLECT”.
AIRWAY BILLS MUST STATE FULL NAME AND ADDRESS OF
APPLICANT AND AXIS BANK LIMITED AS PARTIES TO BE
NOTIFIED. AIRWAY BILL MUST INDICATE FLIGHT NUMBER
AND DATE.

MARINE/AVIATION INSURANCE POLICY OR CERTIFICATE

(ORIGINAL PLUS COPY) DATED NOT LATER THAN THE
DATE OF BILLS OF LADING/ AIRWAY BILL SIGNED AND
ISSUED BY INSURANCE COMPANY MADE TO ORDER
AND BLANK ENDORSED IN CURRENCY OF THE CREDIT
FOR 110 % OF INVOICE VALUE , COVERING INSTITUTE
CARGO CLAUSE (A), WITH EXTENDED COVER FOR
TRANSHIPMENT RISKS, IF APPLICABLE, THEFT, PILFERAGE,
BREAKAGE AND NON-DELIVERY, INSTITUTE WAR CLAUSE
(CARGO) AND INSTITUTE STRIKES CLAUSE (CARGO),
INSTITUTE TRANSIT CLAUSES FOR WAREHOUSE TO
WAREHOUSE COVER WITH CLAIMS PAYABLE IN INDIA
IRRESPECTIVE OF PERCENTAGE.

SIGNED PACKING LIST IN TRIPLICATE

CERTIFICATE OF ORIGIN ISSUED BY CHAMBER OF

COMMERCE IN TRIPLICATE CERTIFYING GOODS OF
_______________ ORIGIN.

SHIPPING COMPANY‟S OR THEIR AGENT‟S CERTIFICATE

 (IN DUPLICATE) STATING THAT THE CARRYING VESSEL
NAMED IN THE BILL OF LADING IS A SEAWORTHY VESSEL,
NOT MORE THAN TWENTY-FIVE YEARS OLD, HAS BEEN
APPROVED UNDER INSTITUTE CLASSIFICATION CLAUSE
(CLASS MAINTAINED EQUIVALENT TO LLOYDS 100 A1)
AND HAS BEEN REGISTERED WITH AN APPROVED
CLASSIFICATION SOCIETY (CERTIFICATE TO SPECIFY THE
NAME OF THE CLASSIFICATION SOCIETY)

BENEFICIARY‟S CERTIFICATE TO THE EFFECT THAT ONE

ADDITIONAL SET OF NON- NEGOTIABLE DOCUMENTS
INCLUDING ONE COPY EACH OF
INVOICE,AWB/BL,INSURANCE DOCUMENTS IF
ANY,CERTIFICATE OF ORIGIN HAS BEEN FORWARDED TO
THE APPLICANT BY COURIER AT THE EARLIEST BUT NOT
MORE THAN TWO WORKING DAYS AFTER SHIPMENT.

(ANY OTHER DOCUMENTS AS MAY BE REQUIRED )

47 A: ADDITIONAL CONDITIONS SEPARATE DRAFT AND INVOICE FOR INTEREST AMOUNT

REQUIRED

INVOICE SHOULD CERTIFY THAT THE GOODS SUPPLIED

ARE AS PER PURCHASE ORDER/PROFORMA INVOCE OF
THE APPLICANT. GROSS FOB/CIF/CFR VALUE OF THE
GOODS BEFORE DEDUCTION OF AGENT‟S COMMISSION,
IF ANY, MUST NOT EXCEED THE MAXIMUM CREDIT
AMOUNT.

ALL DOCUMENTS MUST BE IN ENGLISH

ALL DOCUMENTS MUST MENTION OUR L/C NUMBER AND

DATE AND THAT THE GOODS ARE FREELY IMPORTABLE

DOCUMENTS PRODUCED BY REPROGRAPIC

PROCESS/COMPUTERISED CARBON COPIES ARE NOT
ACCEPTABLE UNLESS MARKED ORIGINAL AND SIGNED.

OTHERS, PLEASE SPECIFY

71 B: SPECIFY IF ANY CHARGES ARE

TO BENEFICIARY‟S ACCOUNT

48: PERIOD OF PRESENTATION OF WITHIN ________ DAYS FROM THE DATE OF

DOCUMENTS ________________

49:
*** CONFIRMATION INSTRUCTIONS WITH WITHOUT
CHARGES PAYABLE BY ____________________

57a “ADVISE THROUGH” BANK

 72: SENDER TO RECEIVER
INFORMATION

*** indicates mandatory fields

# only one of the fields 39A OR 39B is to be filled

1. This Letter of Credit is subject to UCPDC 600.

2. In consideration of your opening this DC (which expression shall have the same meaning as
defined in this application), we hereby undertake to accept and pay in due course all
drafts drawn within the terms of such DC and/or take up and pay for all documents
negotiated thereunder on presentation and in default of our so doing you may sell the
goods before or after arrival
3. We also authorise you to debit our account on or after negotiation by your Manager of the
relative bills with all sums paid under or in connection with this DC together with interest
from the date of negotiation till date of remittance to the negotiating bank together with
other charges
4. The transmission of instructions under this DC and the forwarding of documents are entirely
at our risk and you shall not incur any liability to us beyond seeing that the drafts and
documents purport to comply with the terms and conditions of this DC
5. You shall have a lien on all goods, documents and policies and proceeds thereof (whether
referred to in this application and this DC or otherwise), for any obligation or liabilities
present or future incurred by you under or arising out of this DC and this application
6. All drafts drawn under this DC are to the treated as Advance Bills and are to carry interest
at the current rate for such advance
7. We hereby authorise you to make such arrangements as may be necessary for providing
reimbursement to your correspondents in respect of drafts or documents purchased or
negotiated under this DC and where required, your London/New York/or any
correspondents are authorised to reimburse the negotiating bank for their payment and
charges and to claim from us the Sterling/US Dollar/other currency equivalent converted at
the ruling prevailing rate on the date of negotiation of documents and/or the date of
receipt of payment advised from the negotiating bank in London/New York. We further
undertake and agree to pay the GBP/USD equivalent of the drafts or documents at the
rate of exchange ruling on date of payment by us
8. This application shall continue in force notwithstanding any change in membership of any
partnership of us arising owing to the death or retirement of one or more of the existing
partners or accession of one or more new partners
9. We certify that the import of the goods described above is not prohibited or restricted and
that we hold and undertake to exhibit to you a valid import license where such license is
required
10. If the documents called for do not include insurance policy or certificate we undertake to
produce to you within 15 days from the date of this application an insurance policy or
certificate acceptable to you and in your name for the CFR value plus at least 10% failing
which you may effect insurance at our expense (but you are not obliged to do so)
11. We shall indemnify you on demand from and against all losses, damages, costs and
expenses including all solicitor‟s and counsel‟s fees (on a solicitor and own client basis)
incurred or payable by you arising out of or in connection with the opening or issuance of
this DC, payment or actions taken in relation to this DC (including any action or legal
proceedings seeking to compel or restrain payment of any amount under this DC), or
arising out of or in connection with the enforcement of any one of these terms and
conditions and to pay to you on your demand all sums you may or shall be liable for
together with interest from the date of payment made by you up to the date of
reimbursement by us
12. Your are authorised to make any additions to the documents specified under this DC which
you may consider necessary or expedient to ensure compliance with government
regulations (but you are not obliged to do so)
13. We shall hold you and your agents and correspondents free from any liability for any delay,
mistake or omission that may occur in the transmission of the instruction or their
misinterpretation when received and for the correctness or genuineness of the documents
submitted if apparently in order and/or for the loss or delay in the forwarding of the
documents
14. The words „we‟ and „our‟ shall be read as „I‟ or „my‟ if this application is signed by or on
behalf of an individual.
Place :
Date :
Yours Faithfully,

(Signature Of The Applicant)

Name of the Applicant :__________________________________________________
Address :_____________________________________________________________
Account No:___________________________________________________________