DOCUMENTARY CREDIT APPLICATION, TERMS & CONDITIONS

FOR BANK USE ONLY

LC No.: ………………………………..……….

ADVISING BANK: …………………………...

Date : …………………………… Branch : …………………………… (PLEASE MARK AS APPROPRIATE)

PLEASE ISSUE ANY IRREVOCABLE DOCUMENTARY LETTER OAS PER DETAILS GIVEN BELOW:

APPLICANT (PLEASE PRINT COMPLETE NAME AND ADDRESS)

BENIFICIARY (PLEASE PRINT COMPLETE NAME AND ADDRESS)

CURRENCY & AMOUNT ABOUT NOT EXCEEDING IN FIGURES :

IN WORDS :

DELIVERY TERMS :

Ex-FACTORY FOB C&F

IF THE DELIVERY TERMS DO NOT COVER INSURANCE.

I/WE UNDERTAKE TO PRODUCE TO YOU WITHIN 10 DAYSACCEPTABLE TO YOU AND IN YOUR NAME COVERING 1NOT THE OBLIGATION TO EFFECT INSURANCE AT MY/OU

PLEASE ARRANGE AN INSURANCE POLICY AT MY/OUR EX

I/WE DO NOT REQUIRE INSURANCE AND AUTHORIZE YOC&F VALUE.

CREDIT IS TO BE

TRANSFERABLE CONFIRMED

PAYMENT TERMS :

AT SIGHT

AT ( ) DAYS FROM SHIPMENT

OTHER (PLEASE SPECIFY)

SHIPMENT BY :

SEA AIR TRUCK

OTHER (PLEASE SPECIFY) FROM : TO : LATEST DATE OF SHIPMENT : (PLEASE INDICATE EXACT DATE)

F CREDIT BY SWIFT (PLEASE SPECIFY)

FAX NO.

FAX NO.

DATE OF EXPIRY :

(PLEASE INDICATE EXACT DATE) PLACE OF EXPIRY :

CIF OTHER (PLEASE SPECIFY)

FROM THE DATE OF THIS APPLICATION AN INSURANCE POLICY 10% OF C&F VALUE FAILING WHICH YOU HAVE THE RIGHT BUT R EXPENSE.

PENCE.

U AT YOUR DISCRETION TO INCREASE THE MARGIN TO 110% OF

ADVISED ONLY

NEGOTIATION

PARTIAL SHIPMENT : ALLOWED NOT ALLOWED TRANSHIPMENT: ALLOWED NOT ALLOWED

COVERING SHIPMENT OF THE FOLLOWING GOODS :

DOCUMENTS MARKED ARE REQUIRED

SIGNED COMMERCIAL INVOICES IN ORIGINAL AND COPIES CERTIFIED BY AND LEGALIZED BY

FULL SET OF CLEAN ON BOARD OCEAN BILLS OF LADING MADE OUT TO THE ORDER OF NATIONAL COMMERCIAL BANK MARKED FREIGHT PREPAID PAYABLE AT DESTINATION AND NOTIFY

AIR WAY BILL SHOWING NATIONAL COMMERCIAL BANK AS CONSIGNEE NOTIFY OPENERS, SHOWING THE NUMBER OF THIS CREDIT AND MARKED FREIGHT PREPAID PAYABLE AT DESTINATION AND NOTIFY

INSURANCE BILL OF LADING OR CONSIGNMENT NOTE SHOWING NATIONAL COMMERCIAL BANK AS CONSIGNEE, THE NUMBER OF THE CREDIT, TRUCK LICENSE NUMBER AND NAME OF THE DRIVER, NAME AND ADDRESS OF THE CARRIER'S LOCAL AGENT AND MARKED FREIGHT PREPAID PAYABLE AT DESTINATION AND NOTIFY

INSURANCE POLICY OR CERTIFICATE IN DUPLICATE ISSUED TO THE ORDER OF NATIONAL COMMERCIAL BANK IN THE CURRENCY OF THIS CREDIT FOR AT LEAST 110% OF INVOICE VALUE.

CERTIFICATE OF ORIGIN CERTIFIED BY AND LEGALIZED BY

CERTIFICATE OF WEIGHT

PACKING LIST

PHYTO-SANITARY CERTIFICATE

INSPECTION / ANALYSIS CERTIFICATE

INCASE OF SHIPMENT IN CONTAINER, A CERTIFICATE ISSUED BY THE BENIFICIARY STATING THAT A LABEL WITH NAME AND FAX / CABLE / TELEX ADDRESS OF THE APPLICANT ALONG WITH A COPY OF PACKING LIST / LIST OF CONTENT HAS BEEN AFFIXED ON THE INSIDE PART OF THE CONTAINERS DOOR.

OTHER REQUIREMENTS ALL BANK CHARGES & COMMISSION (INCLUDING POSTAGE, COURIER AND SWIFT/TELEX) OUTSIDE SAUDI ARABIA ARE FOR THE ACCOUNTS OF

. الصادره عن غرفة التجارة الدولية ٥٠٠واالعراف الموحده رقم نوافق على ان هذا األعتماد يخضع للقوانين نحن / انا . ذلكمالم ينص على خالف UNLESS OTHERWISE EXPRESSLY STATED. I/WE AGREE THAT THE CREDIT SHALL BE SUBJECT TO UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDIT ICC PUBLICATION # 500.

I/WE HEREBY AITHORIZE YOU TO DEBIT MY/OUR ACCOUNT FOR YOUR CHARGES AND AGREED MARGIN.

I/WE HEREBY AUTHORIZE YOU TO HOLD THE MARGIN IN LOCAL CURRENCY FOREIGN CURRENCY TO BE SOLD TO ME/US AT YOUR PREVAILING SPOT RATE OR PRE-AGREED RATE AND ALSO AUTHORIZE YOU TO DEBIT MY/OUR ACCOUNT FOR THE CALUE OF DOCUMENTS RECEIVED.

ACCOUNT NAME : FACILITY A/C NO. : CURRENT A/C NO.: (FOR MARGIN & BANK CHARGES) SIGNATURE (S) : SHOULD YOU HAVE ANY QUERY, PLEASE CONTACT MR ON TEL. NO.

FOR BANK USE ONLY

FACILITY LIMIT : VALID UNTILL : OUTSTANDING BALANCE : REMAINING BALANCE : EXCESS : COMMISSION : MARGIN % : APPROVED BY: NAME : SIGNATURE :